Financial Management & Digital Accounting · Intermediate level

Intermediate level · Module 3 of 6 · 15 guided hours

Accounting Systems and Month-End Close

Set up accounting software, reconcile bank accounts and run a reliable month-end routine.

Learning objectives

  • Set up an accounting file with chart of accounts and opening balances
  • Prepare bank and mobile-money reconciliations
  • Run a month-end close checklist

Topics

  • company set-up
  • opening balances
  • customers and suppliers
  • bank reconciliation
  • mobile-money reconciliation
  • month-end close

Lessons

  1. Lesson 1 Setting Up Accounting Software

    Create an accounting file with the right structure from the start.

    company fileaccount hierarchyopening balancescustomers and suppliers

  2. Lesson 2 Bank and Mobile-Money Reconciliation

    Prove that the cash book agrees with the bank or mobile-money statement.

    bank statementunpresented chequesdeposits in transitbank charges

  3. Lesson 3 Month-End Close

    Follow a checklist so monthly figures are complete, checked and on time.

    close checklistcut-offadjustmentsreview and sign-off

Practical activity

Set up a small business in accounting software such as GnuCash, enter a month of transactions, reconcile the bank account and close the month.

Expected outcomes

  • A working accounting file
  • Reconciled balances every month

Assessment

Accounting file, reconciliation and close checklist reviewed.

Taught live by an instructor — online or in person. Free course lessons are for self-study and do not lead to a certificate — see registration options.