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Hello. A lot of people are looking for an accounting system for a small business on Excel. And many ask: How can the journal entries be written and posted to the ledger? How can the trial balance and financial statements be prepared? Should I use formulas, or macros, or pivot tables? In this video I will answer all of these questions. We will prepare a small accounting system, without using macros. This system is for a small service company, as well as you can use it for commercial companies, But without inventory control. we will define the chart of accounts and write journal entries with an example, and create a sheet for general ledger, then will get the account balances to use them later in the trail balance and financial statements. Are you ready? Lets begin. First, well open a new Excel file, and well rename the sheet: chart of accounts. Then well write the following data in it, knowing that there are accounts for the income statement and the balance sheet. In the main type
