Bookkeeping and Reconciliation

Shelgeds Accounting Services is seeking a team of learners to assist in the preparation of financial statements through a series of accounting tasks. The project aims to provide learners with hands-on experience in entering transactions from bank and credit card statements, processing vendor bills, and generating customer invoices. Additionally, learners will perform bank reconciliations and balance sheet account reconciliations. The ultimate goal is for the team to produce accurate and comprehensive financial statements for review. This project will allow learners to apply their classroom knowledge in a practical setting, enhancing their understanding of financial accounting processes and reconciliation techniques. Key tasks include: - Entering transactions from bank and credit card statements. - Processing vendor bills and customer invoices. - Performing bank reconciliations for each account. - Conducting balance sheet account reconciliations.

Accounting Data Entry

To enter transaction from bank statements Enter transactions from Credit Card statements Enter bills from vendors Enter customer invoices Perform bank reconciliations for each account Perform balance sheet account reconciliation At the end of the project the student should be able to produce financial statements for review

Accounting Transactions for Shelgeds Accounting Services

The main goal for the project is to post accounting transactions for Shelgeds Accounting Services in order to prepare a trial balance. This will involve several different steps for the learners, including: - Reviewing and analyzing the company's financial transactions. - Recording the financial transactions in the appropriate accounts using accounting software. - Reconciling the accounts to ensure accuracy. - Preparing a trial balance to ensure that the total debits equal the total credits.