Just How JOURNAL ENTRIES Work (in Accounting).
https://www.yout ube.com/watch?v=Y-_Q3rANyxU
Journal Entries Cheat Sheet → https://accountingstuff.com/shop. Audit Essentials Lesson 4. In this episode of Accounting Essentials for Newbies, I define Journal Entries entirely! In this episode of Accounting Things – Accounting Essential Lesson 4 – you will certainly discover:. ▪ The definition of audit Journal Entries, as component of Fundamental Accounting for Beginners. ▪ The most regular Journal Entry Format and also exactly how Journal Entries are tape-recorded. ▪ How to check that your Journal Entries equilibrium. ▪ I will certainly similarly take you with the differences in between Handbook Journals & Automatic Journals. ▪ And … certainly, we will certainly speak with 2 Journal Entry instances. ▪ Journal Entries for Dummies. Subscribe for even more Accounting Tutorials → https://geni.us/subtothechannel. ⏱ TIMESTAMPS. 00:00 – Introduction. 01:15 – Why do we Record Deals? 02:15 – What are Journal Entries? 02:26 – What does a Journal Entry look like? 03:51 – Handbook vs Automatic Journal Entries. 04:20 – Journal Entry Example. 05:47 – Wrap-up. OFTEN ASKED QUESTION. ▪ My Favourite Accounting Schedule for Newbies → http://geni.us/5mKR7m. CLOUD ACCOUNTING SOFTWARE APPLICATION. ▪ QuickBooks Online U.S.A. (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N. ▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7. ▪ Xero → http://geni.us/B9fw1j. ▪ Freshbooks → http://geni.us/Z7DA8l. SPREAD SHEET SOFTWARE APPLICATION. ▪ Sheets → http://geni.us/fFShU. ▪ Excel → http://geni.us/BRPBz. ADHERE TO ME ON. ▪ Insta → https://www.instagram.com/accountingstuff. ▪ Twitter → https://twitter.com/AccountantStuff. FIND OUT ACCOUNTING ESSENTIAL TOTALLY FREE. ▪ The Complete Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb. ________________________. PLEASE NOTE. A few of the web links over are associate web links, where I make a little compensation if you click the web link and also get an item. You are not bound to do so, nevertheless it does aid cash these video clips in hopes of bringing worth to you! ________________________. #accounting #accountingbasics #accountingstuff
Journal Entries Cheat Sheet → https://accountingstuff.com/shop. Bookkeeping Essentials Lesson 4. In this episode of Accounting Essentials for Newbies, I define Journal Entries entirely! In this episode of Accounting Things – Accounting Essential Lesson 4 – you will certainly locate out:.
I am using Odoo ERP
Very talented young man
me no understand
I am watching this to recall but I didn’t find the different types of accounting with their examples.
Can you elaborate please?
Your videos are super useful, man!
I’m at my university doing an Introductory Accounting course. Your videos are more useful than the 2 hour lectures.
I am still not sure why the cash account credited in your laundry example. Can someone clarify?
Your videos are so helpful! Do you think you could make one focusing on FoB Shipping and FoB Destination
Great video! Just a quick question about the example: I’m just a little confused as to why the cash is credited if cash is considered an asset (based on DEALER, assets should be on the left side of the equation). Or, it is simply that because the laundry cost is an expense, the cash has to be on the left side to balance it out? If that is the case, then is the cash considered revenue in this scenario (So cash can be both an asset or revenue depending on the scenario)? Thanks in advance!
You explained this better than my uni professor.
Thank you <3
This is EXCELLENT
Hii can you do video explainable classified financial statements!
Hi James, thank you soooo much for these amazing videos! Pure gold. I’m at the end of my financial year (slightly overdue) as a small business owner, which I set up last year, which means first tax return, eeek! Just trying to get my head around all of this stuff, and don’t know if I’m going too deep with all of your videos! But I’m finally beginning to understand the terms! The double entry bookkeeping is still one that is boggling my mind. Wish I had known all this stuff at the start of my business. Now it seems I need to back track all this stuff to create my balance sheet!
One question: As an artist do I include my own labour into the production costs when it comes to cost of goods sold in the Loss/Profit Sheet?
I would really appreciate if you could do a special for artists or even manufacturers when it comes to inventory and assets.
Keep up the great work!!! Thanks so much
business central software
All those messed up is now clear <3