Accounting Basics with Umair Sayed, Guest Lecture, Let's Learn ERPNext!

This is the very first guest lecture in our Let's Learn ERPNext! Series (new episodes every Wednesday). I am being joined by Umair Sayed, Co-founder, Frappe, who will be taking an interactive approach to teaching us some accounting basics required to use ERPNext better.
A new series begins! In this series of livestreams, I will be joined by ERPNext experts who will teach us ERPNext (erpnext.com/), a rock solid, 100% open source ERP software.
For schedule, past episodes and more, check website: buildwithhussa...
My Setup: buildwithhussa...
Articles: buildwithhussa...
Reach Out:
Umair's Twitter: / umairstwt
My Twitter: x.com/NagariaH...
Resources:
ERPNext: erpnext.com
Frappe School: frappe.school
Frappe Framework: frappeframewor...
About Frappe: frappe.io
Get 15 days free trial Frappe site (without Credit Card details!) here: frappecloud.co...
#frappe #erpnext #webdevelopment #markdown

[@jatin.kaushik]

Great video! Simple accounting basics + ERPNext = Easy to understand. Thanks for sharing!

[@curiously-cinnamon]

Hussain, I found it really helpful that you verbally explained your thought process each time, it helps viewers who are new to accounting learn the way to think through these questions of credit vs debit, asset vs liability, income vs expense.
"Bank account is asset, Asset, Expense -> Debit and Liability, Income -> Credit ( remember AED LIC ) so the type of Asset is debit. Money in bank account is going down, that means value of debit - type account is decreasing, so it's a credit transaction"
When you verbally explained your thought process like this each time, it really helped me grasp what's going on, and how all of this works.

[@Aoz2Farm]

amazing video man... you rock!!

[@RishiRaj-hu9it]

Thanks Umair and Hussain with this amazing session. Learnt a lot in this crash course session. Do plan more sessions specific to service/healthcare industry.

[@abrhamb2952]

Thank you

[@pradeeppatel558]

Good Video. How to connect Party Type and Party with Accounts in the Rent Deposit Journal Entry?

[@panegyric5583]

what is the video which Umair refers to for his accounting notes?

[@HHsportsclub]

informative video, great work!

[@memack101]

Thank you.

[@kandyriii3002]

credit to the video content but the audio quality wasn't it

[@BuildWithHussain]

Yeah 🥲

[@curiously-cinnamon]

Umair's audio quality is poor. Another session with a better mic would be extremely helpful!
Edit : Umair's audio quality improved after he switched from his earphones to his default MacBook mic at 1:35:20