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Accounting Stuff
Australia
Приєднався 4 тра 2018
Want to learn Accounting? You are in the right place!
Accounting Stuff helps Bookkeepers, Students and Small Business Owners learn Accounting Basics for free.
I created this channel in 2018 in order to share the knowledge and experience that I have built up over the past 6+ years working as a Qualified Accountant at the Big 4 and in Industry - at large Listed and Private Companies.
Each month, I release tutorials on Accounting Basics to help you learn the theory of Accounting & Bookkeeping quickly and efficiently. If this sounds like something that will help you out at work or in your studies then make sure to subscribe to the channel now!
If you have any questions or want to request a topic or tutorial just leave a comment on any of my videos and I will get back to you.
Thanks for watching, and welcome to Accounting Stuff!
James
Accounting Stuff helps Bookkeepers, Students and Small Business Owners learn Accounting Basics for free.
I created this channel in 2018 in order to share the knowledge and experience that I have built up over the past 6+ years working as a Qualified Accountant at the Big 4 and in Industry - at large Listed and Private Companies.
Each month, I release tutorials on Accounting Basics to help you learn the theory of Accounting & Bookkeeping quickly and efficiently. If this sounds like something that will help you out at work or in your studies then make sure to subscribe to the channel now!
If you have any questions or want to request a topic or tutorial just leave a comment on any of my videos and I will get back to you.
Thanks for watching, and welcome to Accounting Stuff!
James
Double-Entry Accounting: a 2 Minute Tutorial
⭐️Join this channel to get exclusive daily quiz questions:
ua-cam.com/users/accountingstuffjoin
In this video I attempt to explain Double-Entry Accounting in less than two minutes.
Double-Entry Accounting is a Bookkeeping system. It says every accounting entry must have an opposite corresponding entry in a different account. Debits & Credits are the words we use to reflect each side.
This idea is more than 500 years old. It was first documented by an Italian mathematician called Luca Pacioli, in his book "Summa de Arithmetica".
The concepts in this book helped spark the rise of modern capitalism, and earned Luca a new name... the "Father of Accounting".
🔴Subscribe for more Accounting Tutorials → geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:07 - What is Double-Entry Accounting?
00:25 - Who invented Double-Entry Accounting?
00:45 - Single-Entry Accounting
02:21 - How do Debits and Credit work?
02:54 - Why is Double-Entry Accounting important?
🔎FAQ
▪ My Favourite Accounting Book for Beginners → geni.us/5mKR7m
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → geni.us/bNN7
▪ Xero (FREE TRIAL) → xeroamericas.grsm.io/ck90eoq1r6tu
🚶FOLLOW ME ON
▪ Instagram → accountingstuff
▪ TikTok → www.tiktok.com/@accounting_stuff
▪ Facebook → thisisaccountingstuff/
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
ua-cam.com/users/accountingstuffjoin
In this video I attempt to explain Double-Entry Accounting in less than two minutes.
Double-Entry Accounting is a Bookkeeping system. It says every accounting entry must have an opposite corresponding entry in a different account. Debits & Credits are the words we use to reflect each side.
This idea is more than 500 years old. It was first documented by an Italian mathematician called Luca Pacioli, in his book "Summa de Arithmetica".
The concepts in this book helped spark the rise of modern capitalism, and earned Luca a new name... the "Father of Accounting".
🔴Subscribe for more Accounting Tutorials → geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:07 - What is Double-Entry Accounting?
00:25 - Who invented Double-Entry Accounting?
00:45 - Single-Entry Accounting
02:21 - How do Debits and Credit work?
02:54 - Why is Double-Entry Accounting important?
🔎FAQ
▪ My Favourite Accounting Book for Beginners → geni.us/5mKR7m
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → geni.us/bNN7
▪ Xero (FREE TRIAL) → xeroamericas.grsm.io/ck90eoq1r6tu
🚶FOLLOW ME ON
▪ Instagram → accountingstuff
▪ TikTok → www.tiktok.com/@accounting_stuff
▪ Facebook → thisisaccountingstuff/
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
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Thanks Dost🎉
Please upload a video about partnership and company accounts because I have found your videos very useful in following the basics
Hey James, can you plzzzzzzz make a video/playlist descriptively explaining how sales returns affect the inventory storage calculations? Like- I'm quite literally at my last straw cuz there's not a single video with decent explanations regarding calculation of returns in inventory
Were you confused by this concept when you first learned it? So if i'm confused, I can just identify the source and destination of economic benefit? And economic benefit is not money itself?
6/6
i would really really appreciate your unique teaching style and looking forward for more such interesting and knowledgeable videos on accounting, ❤
Thanks, James . I love your videos. Can you make videos on Suspense accounts and manufacturing accounts? I'd really appreciate it . Thanks in advance
Make video about PDC issued and received
Ur explanation to good ❤
❤
❤
🎉5/5
Nice one!
I got 1/5 correct...but I still wanna thank you a LOT for explaining me what credit and debit is :)
No worries, this quiz is particularly hard under time pressure. Keep on practicing and you'll get there :)
Hey bro u made my life a lot easier 😊
That's great to hear!
Excellent video, two thumbs up!
Thanks! Glad you enjoyed it!
How come you are so goood? Damnnnnnn!!!!
Glad you enjoyed it :)
salamat po!!
You're very welcome :)
Does this helps for beginners.??
It does, but I do cover a lot in this video. It may not all make sense to you right away. I also have this playlist where I spend more time on each topic which you may find helpful: ua-cam.com/play/PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb.html
How is the last one true?
Receiving a payment from a debtor increases Cash (an Asset) and decreases Accounts Receivable (another Asset). This leaves the overall Accounting Equation unchanged.
Thanks
Great explanation! You are the only one I have heard answer this
Thanks, hope it makes sense :)
So good..love it! You make this simple - 5 out of 5 on my quiz again
Well done :)
4
Well done :)
I love your videos. You make accounting so easy! I enjoy learning all of the concepts. I got a 5 out of 5 on my quiz 😀
Well done! That's great to hear :)
I came here, because I want to search my own thing
Hope you found it useful!
Doing the lords work
Thanks :)
Keep them accounting videos coming James, thanks 🙏🏾
Will do!
youre the best
Thanks :)
Gentleman, you've exquisitely explained the accounting equation. I'm keenly interested watching such videos. Thanks a million.
Glad you enjoyed it! I have plenty more videos just like this one :)
❤Golden
Thanks :)
Can Quickbooks be used for project management, including tracking clients and projects?