Where to Practice the Full Accounting Cycle Online
Practice all 7 steps of the accounting cycle with instant AI grading, from journal entries to the cash flow statement. 22,000+ exercises, free to start.
Reading about debits and credits is not the same as posting them. You can follow every example in the textbook and still freeze when a blank journal stares back at you on exam day. If your Accounting 101 or 102 exam is coming, what you need is repetitions with feedback, and this post explains exactly what you can practice here.
The whole cycle, in order
The platform follows the accounting cycle step by step, one chapter per step, so you can practice each one in the same order your course teaches it.
| Chapter | Topic | What you practice | |
|---|---|---|---|
| 1 | Journal entries | Record transactions with the correct accounts, sides and amounts | Practice → |
| 2 | T-accounts | Post entries to ledger accounts and compute balances | Practice → |
| 3 | Trial balance | Prove that total debits equal total credits | Practice → |
| 4 | Adjusting entries | Accruals, deferrals, depreciation and supplies used | Practice → |
| 5 | Financial statements | Income statement, statement of equity and balance sheet | Practice → |
| 6 | Closing entries | Close temporary accounts and carry equity forward | Practice → |
| 7 | Cash flow statement | Operating, investing and financing activities | Practice → |
Each step feeds the next. The balances you compute in Chapter 2 become your trial balance in Chapter 3, and a mistake in an early entry shows up again in the statements. Practicing the steps in order is how you learn to see the whole picture instead of seven separate topics.
Graded like a strict professor, explained like a patient one
The moment you submit, AI grading scores your work and gives you a per-item breakdown: which rows, balances and totals earned points and which ones lost them, with an explanation of why. You find out exactly where your thinking went wrong while the problem is still fresh in your mind.
- Four difficulty levels. Start at Easy, then work up through Medium and Hard to Expert as your confidence grows.
- A certificate for every chapter. Score 80 or above and you earn a certificate tier, from Bronze up to Platinum.
- The Diamond credential. Complete all 7 chapters at Expert, then pass a timed 90-minute assessment with 90 percent or higher. The assessment is graded deterministically and protected by anti-cheat measures, so the credential means something.
- Analysis courses built on real companies. The financial analysis courses use real SEC EDGAR filings from more than 50 public companies, so you practice on the numbers analysts actually read.
- A study plan built from your syllabus. Upload your course syllabus and get a free study plan that schedules your practice around your exam dates.
- An accounting job board. The job board includes student profiles that show a verified practice record, so employers can see the work you have put in.
What it costs
You can start without paying anything. The free plan includes real practice, the study plan, flashcards, a glossary of 150+ terms and the job board.
When you want the full bank of 22,000+ exercises, Pro is $4 a month. Plans for professionals go up to $59 a month. You can pay by card, Apple Pay, Google Pay or Link, and you can cancel anytime. If you refer a friend who subscribes, you get a month free.
Ready to put in the repetitions? Create your free account and start with Chapter 1, or compare the plans to see everything that unlocks.
Who built this
iLove-Accounting.com was built by Franz Dolegeal, an accounting graduate of Western New England University and a member of Beta Gamma Sigma. He immigrated to the United States at 47 and earned his accounting degree at 53. The platform is built on a simple belief: anyone can master accounting with enough of the right practice.