29 Jul Preparing Financial Statement
1. Record Monthly Journal Entries.
2. Post entries to the General Ledger.
3. Prepare a Trial Balance.
4. Prepare Adjusting Journal Entries.
5. Review Post Closing Trial Balance.
6. Prepare an Income Statement & Balance Sheet.
7. Run / Calculate important financial ratios.
8. There are 4 tabs: JEs, General Ledger, Trial Balance, and Financial Statements.
9. Follow ALL the instructions on each tab.
10. Keep in Mind: you will need to record DEBITS as positive numbers and CREDITS as negative numbers.
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