WNM 2026 Next Steps In Bookkeeping

After recording transactions in a journal, the next steps in bookkeeping typically involve posting those transactions to the general ledger, creating an unadjusted trial balance, analyzing the worksheet, making adjusting journal entries, and finally generating financial statements like the income statement, balance sheet, and cash flow statement before closing the books at the end of the accounting period. Key steps in the bookkeeping process that will be covered in this class include the following topics:

• Identifying transactions that you will need to record
• Logging each transaction
• Transferring transactions to the appropriate accounts
• Learning about debit and credit balances to ensure the totals are equal
• Analyzing, review, and make necessary account adjustments
• Preparing financial statements
• Reconciling your transactions and best practices to close your books

Please note: This is an intermediate class and is designed for participants to have some basic general knowledge of bookkeeping.

Reasonable accommodations for persons with disabilities and language assistance services are available for limited English proficient individuals. Please notify Janelle Henry at 505-566-3715 or jhenry@wesst.org when you register for the class, or no later than 24 hours prior to your class, so that WESST can make sure necessary accommodations are available. All programs and services are provided to the public on a nondiscriminatory basis.

The Women's Business Center is funded in part by the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.