There are two ways to create a transcript: by subject or by year.
If you create a transcript by year, you'll have four main boxes, with each listing what classes they took that year, and the credits/grades they earned. An example can be found here: [URL="http://www.oklahomahomeschool.com/pdf%20documents/Trans2.pdf"]www.oklahomahomeschool.com/pdf%20documents/Trans2.pdf[/URL]
If you create a transcript by subject, your yearly work will be scattered over the page. This is the option I've chosen to use with our homeschool. Although this isn't the same layout I use, you can view a sample of the subject layout here: [URL="http://www.christendom.edu/images/pdfs/homeschool%20transcript.pdf"]www.christendom.edu/images/pdfs/homeschool%20transcript.pdf[/URL]
As has been mentioned, many colleges will tell you what they expect from homeschool students who request admission. Be sure those subjects/courses show on your transcript. When my oldest applied at a private college, I handed the admissions officer his transcript and she said, "Oh, this is nice!" Our first page included the course/credits/grades, while the second page included work/volunteer history, achievements/awards, and standardized test scores (ACT/SAT).
I would be glad to email a sample of our transcript layout to anyone who wants one. :-)
~Kelly H.