Tax & Adjusting Entry Year-End Accounting Excel Worksheet | Free Udemy Course
Build Excel worksheet for adjusting adjusting & tax entries, reconciling net income calculated on a book and tax basis | Free Udemy Course
- 5 hours hours of on-demand video
- Full lifetime access
- Access on mobile and TV
- Certificate of completion
- 29 additional resources
Create a new Excel worksheet from scratch to be used in the adjusting and tax entry process. This course is most beneficial to tax preparers and public accountants who enter adjusting entries but is also useful to anybody in accounting. Similar Excel worksheets to the ones we will construct can be useful for analyzing many areas of accounting, and the Excel skills learned in creating them are also very applicable both inside accounting and outside of it. We will discuss the reasons for creating an adjusting and tax entries Excel worksheet. Some benefits of the Excel worksheet include the ability to enter adjusting entries in an efficient way and build an adjusted trial balance, the ability to enter tax entries efficiently and build a trial balance on a tax basis, and the ability to reconcile book net income and tax net income. An Excel worksheet can be used to show the difference between net income on the unadjusted trial balance, the adjusted trial balance, and tax trial balance in an easy visual way. A worksheet can be used as a reference to communicate to supervisors, clients, and as a reference for us to look back at in the future. The course will build an Excel worksheet from scratch providing tools to help with the construction for each step along the way. We will provide an updated Excel worksheet for most steps, allowing us to jump forward or to rework any part of the course without starting over. The Excel worksheets will generally have at least two tabs, one with the completed step, showing the end product, and one that has been completed up to the current step in the process, allowing us to fill it in with the help of the instructional video and the Excel tab showing the completed work. We will then practice entering some adjusting entries and tax entries into the worksheet. As we add adjusting and tax entries to the Excel worksheet, we will better understand how the worksheet is formatted and how best to use it. We will see how net income is calculated on a book basis, on a tax basis, and how the worksheet will show the reconciliation of the two. This course is not designed to give tax advice but to show how to construct an Excel worksheet to track adjustments. The course will also discuss some alternative formats for building an adjusting entry and tax entry worksheet that can be found in practice. We will discuss the pros and cons of the different formats. We will also discuss how to format an adjusting and tax entry worksheet made in the prior year so that we can enter the current year trial balance and data into it.In addition to the instructional videos, this course will include downloadable • QuickBooks Pro Desktop 2019 Backup files• Excel practice filesWho this course is for:Tax professionals who want to reconcile book net income and tax net incomePublic accountants who work with adjusting entriesAny accountant who wants to learn how to set up a practical worksheet to work through accounting transactionsAny accountant who wants practical practice formatting Excel Worksheets
Course Content:
Sections are minimized for better readability, click the section title to view the course content
JOIN OUR WHATSAPP GROUP TO GET LATEST COUPON AS SOON AS UPDATED
JOIN WHATSAPPJOIN OUR TELEGRAM CHANNEL TO GET LATEST COUPON
JOIN TELEGRAMJOIN OUR FACEBOOK GROUP TO GET LATEST COUPON
JOIN FACEBOOKFree Online Tools And Converters for your use
URL Encoder
Input a string of text or a URL and encode the entered string
Try itURL Decoder
Input an encoded string of text or a URL and decode the entered string
Try itColor Contrast Checker (WCAG)
Calculate the color contrast ration for your website (WCAG)
Try itXML Formatter
Paste or upload an XML and have it formatted to a beautiful XML format
Try itURL Slug Generator
Convert any title or sentence into a variety of slugs for your pages URL
Try itE-Signature
Draw an e-signature or type a signature for your online signature
Try it