In this tutorial, we will guide you step-by-step on how to create a #Financial #Accounting #System in #Excel for your service or NGO business. Using Excel formulas and pivot table techniques, you will be able to create a chart of accounts, general ledger, trial balance, income statement, and balance sheet. Here’s what you can expect to learn in this video: Introduction to Financial Accounting: We will discuss the importance of financial accounting for your business and the basics of creating an accounting system. Creating a Chart of Accounts: We will walk you through how to create a chart of accounts, including account types and categories, using Excel formulas. General Ledger: You will learn how to set up a general ledger to track all your financial transactions, including credits and debits. Trial Balance: We will show you how to create a trial balance to ensure that your debits and credits are in balance and your financial statements are accurate. Income Statement: You will learn how to create an income statement to track your revenue and expenses and determine your net income or loss. Balance Sheet: We will guide you on how to create a balance sheet to track your assets, liabilities, and equity. Pivot Table Techniques: We will show you how to use pivot tables to summarize your financial data and create meaningful reports. By the end of this tutorial, you will have a complete financial accounting system in Excel for your service business.
Download excel template for mini accounting system