Instructor for this course

A core premise of accounting deals with the concept of journals, ledgers, and journal entries. The need for various journals or ledgers may depend on the size and structure of the organization. Bookkeepers must understand how each tool is developed and how they interrelate.

An accounting journal is a detailed account of all the financial transactions of a business. It is also known as the book of original entry (the first place where transactions are recorded). An accounting ledger is an account or record used to store bookkeeping entries for balance sheet and income statement transactions. Accounting ledger journal entries can include accounts like cash, accounts receivable, investments, inventory, accounts payable, accrued expenses, and customer deposits. The term accounting ledger is often used interchangeably with accounting sub-ledgers or the general ledger. A general ledger contains all the accounts for recording transactions relating to a company's assets, liabilities, owners' equity, revenue, and expenses. The general ledger is where posting to the accounts occurs.

This course examines each of these accounting tools and explains their protocols and how they are integral to the accounting process.

Whether you are a business owner or want to develop the skill of bookkeeping to begin a career, there are critical accounting and bookkeeping concepts that are important to learn.

This course has been developed by a CPA who has both small and large business accounting experience and background.

NOTE: This course is one of a series of courses developed for the Professional Bookkeeping Certification program on Illumeo. The full curriculum of courses will provide you with the ultimate foundation for a career as a bookkeeper.

Learning Objectives

  • Explore the concept of accounting journals
  • Explore the concept of ledgers including:
    • General ledger, subsidiary ledgers, ledger accounts
  • Identify to evaluate, compare and contrast the purpose and substance of the various ledgers
  • Recognize processes for posting to the general ledger
Last updated/reviewed: November 13, 2019

Included In Certifications

This course is included in the following Certification Programs:

14 CoursesProfessional Bookkeeping Certification

  1. Bookkeeping Basics - Critical Accounting Terminology and Effective Execution of Concepts
  2. Bookkeeping Basics – Processes and Debits and Credits
  3. Bookkeeping Basics – Accrual vs. Cash Accounting
  4. Bookkeeping Basics – Payroll and Expenses
  5. Bookkeeping Basics – Formation of a Legal Entity and Establishing a Chart of Accounts
  6. Bookkeeping Basics – Utilizing Journals, Subsidiary Ledgers and the General Ledger
  7. Bookkeeping Basics – The Essential Responsibilities of the Bookkeeper on a Daily, Weekly, Monthly and Annual Basis
  8. Bookkeeping Basics – Fixed Assets and Inventory
  9. Bookkeeping Basics – Accounts Payable/Disbursements and Accounts Receivable/Receipts
  10. Management Internal Control Essentials
  11. GAAP Principles, Assumptions and Considerations
  12. GAAP Presentation of Financial Statements
  13. Bookkeeping Basics – Case Study Scenario
  14. Useful Bookkeeping Tools

7 Reviews (17 ratings)Reviews

Anonymous Author
This was a good course. Good overview of the GL and utilizing journals, if you aren't in the field and are interested in the basic level information. The slides/notes correspond nicely with the lecture given.
Anonymous Author
As always this class is informative and you can see how the foundation is needed in order to have a good set of books and knowledge to be effective in money management
Member's Profile
In the first lecture of this course ... all looks like a bit confusing but more you adve Ance in the training the clearer it became to become crystal clear..
Anonymous Author
This course has helped me understand the difference between Ledgers vs. Journals and how they are used in a business
Member's Profile
This is a good refresher for all accountants.I liked the detailed explanation of books of accounts
Member's Profile
Great descriptions are used in this course to define General Ledger and General Journals.
Anonymous Author
Good lecture and overview of the important differences between the tools discussed.


Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  3:57Introduction to Bookkeeping Basics – Utilizing Journals, Subsidiary Ledgers and the General Ledger
  5:47Accounting Journals
  16:08General Ledger and Sub-Ledgers
  40:17Bookkeeping Basics – Utilizing Journals, Subsidiary Ledgers and the General Ledger
  PDFSlides: Utilizing Journals, Subsidiary Ledgers and the General Ledger
  PDFUtilizing Journals, Subsidiary Ledgers and the General Ledger Glossary/Index