Professional Bookkeeping and Accounting 4 - The Trial Balance and More

In this course, we will look at the accounting steps needed to create a trial balance from daily transactions. We will look at the need for journal entries and we will also examine how to produce and prepare day books to record both incoming and outgoing monies.

Next, we address the preparation of the payroll.  We will look at calculating gross pay and net pay and we will also look at the need for employers to deduct taxes.  After this we will then prepare the payroll journals and enter the transactions into the general ledger.

You will now be introduced to control accounts, their function and how to use them. The final area we will cover is the preparation of the trial balance, which brings together a summary of all the transactions for a given period. And as it is crucial that the debits and credits balance, we will look at the steps you can take if this is not the case. Start this course today and improve your bookkeeping and accounting skills and knowledge.