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: June 12, 2021

Included In Certifications

This course is included in the following Certification Programs:

14 CoursesProfessional Bookkeeping Certification

  1. Bookkeeping: Terminology and Process Execution
  2. Bookkeeping: Debits And Credits
  3. Bookkeeping: Cash vs. Accrual
  4. Bookkeeping: Payroll And Expenses
  5. Bookkeeping: Legal Entity And Chart Of Accounts
  6. Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
  7. Bookkeeping: Responsibilities
  8. Bookkeeping: Fixed assets and inventory
  9. Bookkeeping: Accounts Payable/Accounts Receivable And 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

15 CoursesNot-For-Profit and Small Business Entities Certification

  1. Introduction to Accounting For Not-for-Profit Entities
  2. Accounting for Not-for-Profit Entities
  3. Identifying and Implementing the Proper Balance of Internal Controls
  4. Segregation of Duties for Core Business Processes
  5. Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
  6. Bookkeeping: Payroll And Expenses
  7. Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
  8. Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
  9. Management Internal Control Essentials
  10. Financial Statement Essentials for Not-for-Profits
  11. Not-for-Profit Financial Statements Part 2
  12. Not for Profit Financials - Focus on Net Assets
  13. Cyber Risk in Small-Medium Entities
  14. Fraud in Small-Medium Entities
  15. Not-For-Profit Accountability and Responsibility

18 Reviews (58 ratings)Reviews

Anonymous Author
Good presentation for beginners to gain an understanding of the actual entries and thought that goes into the preparation of journal entries and impact on the ledgers since most is done behind the scenes in ERP and other accounting systems
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.
Member's Profile
Basic Bookkeeping is important to review from time to time, lest we forget the source of transactions. Lynn has made a wonderful presentation and revisiting these concepts was fun. Thank you Lynn, Larry
Anonymous Author
I learned from this course about the journals and ledges, and the relationship and difference between them. Lynn made these concepts to be very easily understood by plentiful of examples.
Member's Profile
Understood various types of General ledgers and Journals modules. The course outlines what a Journal looks like and how it helps the Bookkeeper in developing a full scale accounting cycle
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
The illustrations are really good for this course. The ideas of general ledgers vs. journal entries are confusing but the instructor explained it very well.
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
Any bookkeeper, new business owner will find this valuable is setting up journals and ledgers. great information!
Member's Profile
The PowerPoint that was used the illustration that was in the presentation was different than the ones in the PDF
Anonymous Author
This course provides a good description of the different logs used in recording business transactions.
Member's Profile
This is a good refresher for all accountants.I liked the detailed explanation of books of accounts
Member's Profile
Lots of good reveiw information in this course. Good slides also. Would recommend to others.
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.
Member's Profile
Course gives a clear description between the journals and ledgers.
Anonymous Author
Easy to understand, simple and helpful.Completely comprehensive.


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