FOR ACCOUNTANT
GOOGLE SHEET VERSION
Description
Google Sheet for Manufacturing Company Accounting Cycle is a Google Sheet to record and process all company’s financial transactions from the beginning of the transaction to its representation on the financial statements, to closing the accounts, within one fiscal period, usually one year. It is specifically designed for Manufacturing Companies.
This spreadsheet has accounting cycle diagram as its main menu to help people practicing their accounting skills as well as applying them to process their company’s financial transactions. The main difference between merchandise and manufacturing company in this cycle is the Cost of Goods Manufactured (CoGM) part that should be calculated as part of Cost of Goods Sold (CoGS). Also, there is a CoGM column in Trial Balance table to replace Adjusted Trial Balance column.
FRONT MENU ▶ A clickable accounting cycle diagram
0 | SETUP ▶ Type starting date of your fiscal year (any dates), adjust Chart of Accounts and Subsidiary Accounts
1 | TRANSACTIONS ▶ Identify your financial transactions.
2 | JOURNALS ▶ Entry your your transactions in particular journals. There are general and special journals available to write any financial transactions.
3 | GENERAL LEDGER ▶ Monitor your transaction by category. You don’t have to summarize those accounts manually.
4 | UNADJUSTED TRIAL BALANCE ▶ Check accounts summary in trial balance.
5 | ADJUSTING ENTRIES ▶ Adjust any transactions that are needed to be adjusted.
6 | COST of GOODS MANUFACTURED ▶ Check CoGM summary .
7 | FINANCIAL STATEMENT ▶ Analyze and print your report.
8 | CLOSING JOURNAL ▶ Close income and withdrawal into owner’s equities
9 | POST CLOSING TRIAL BALANCE ▶ Check accounts summary after closing entries.
10 | REVERSING ENTRIES ▶ Prepare subsequent fiscal year by adjusting some entries (if needed).
You can read more information in journalSHEET | be Accountant info page.
