Accounting: Balance Ledgers & Adjust Entries

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Accounting: Balance Ledgers & Adjust Entries

This course is part of multiple programs.

Instructor: Professionals in the Industry

Included with

2 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

2 hours to complete

Flexible schedule

Learn at your own pace

2 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

2 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Double-entry bookkeeping keeps accounts balanced and prevents systematic errors in financial records.
Knowing normal account balances helps detect posting errors and maintain ledger accuracy.
Month-end adjustments ensure accurate accrual accounting and reflect true financial position.
Verifying total debits equal credits provides an error check to prevent fraud and miscalculations.

Skills you'll gain

Category: Ledgers (Accounting)
Category: General Ledger
Category: Accrual Accounting
Category: Accounting and Finance Software
Category: Bookkeeping
Category: Accounting Records
Category: Accounting
Category: Month End Closing
Category: Accruals
Category: General Accounting

Tools you'll learn

Category: Accounting Software
Category: QuickBooks (Accounting Software)

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

5 assignments¹

AI Graded see disclaimer

Taught in English

Build your subject-matter expertise

This course is available as part of

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Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 2 modules in this course

Master the fundamental building blocks of accurate financial record-keeping that every accounting professional needs. This course empowers you with essential double-entry bookkeeping knowledge to recognize normal account balances and execute precise month-end adjusting procedures using QuickBooks.

This Short Course was created to help accounting professionals accomplish reliable ledger maintenance and month-end closing procedures. By completing this course, you'll be able to confidently identify whether major account categories carry debit or credit balances, calculate and record adjusting entries for accruals and prepaids, and ensure your general ledger remains balanced after posting transactions. By the end of this course, you will be able to: Recognize the normal debit or credit balance for major general ledger account categories. Apply standard procedures to post month-end adjusting entries and balance the ledger. This course is unique because it combines foundational accounting theory with hands-on QuickBooks practice, ensuring you develop both conceptual understanding and practical skills that translate directly to workplace success. To be successful in this project, you should have a background in basic accounting concepts and access to QuickBooks.

Learners will master the fundamental principles of double-entry bookkeeping by identifying which account categories naturally carry debit balances versus credit balances, providing the essential foundation for accurate financial record-keeping.

What's included

3 videos1 reading2 assignments

3 videosTotal 15 minutes

Why Account Balance Recognition Transforms Your Accounting Career4 minutes
Understanding the Logic Behind Normal Account Balances6 minutes
General Ledger Account Balance Recognition5 minutes

1 readingTotal 8 minutes

Complete Guide to General Ledger Account Categories8 minutes

2 assignmentsTotal 13 minutes

Account Balance Classification Exercise10 minutes
Account Balance Recognition Knowledge Check3 minutes

Learners will execute the complete month-end adjusting entry process, including identifying adjustment needs, recording entries in QuickBooks, and verifying ledger balance integrity using systematic procedures employed in professional accounting environments.

What's included

2 videos2 readings3 assignments

2 videosTotal 12 minutes

Why Month-End Adjusting Entries Determine Your Success as an Accounting Professional4 minutes
Systematic Approach to Month-End Adjusting Entry Analysis8 minutes

2 readingsTotal 16 minutes

Essential Types of Month-End Adjusting Entries8 minutes
Month-End Closing Procedures and Ledger Balance Verification8 minutes

3 assignmentsTotal 33 minutes

Month-End Adjusting Entries Mastery Assessment15 minutes
Complete Month-End Adjusting Entry Implementation15 minutes
Adjusting Entry Procedures Knowledge Check3 minutes

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.

Instructor

Professionals in the Industry

455 Courses79,364 learners

Offered by

Coursera

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Frequently asked questions

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¹ Some assignments in this course are AI-graded. For these assignments, your data will be used in accordance with Coursera's Privacy Notice.