Free Bookkeeping Course - Part 5 - Financial Statements

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  • Опубликовано: 25 июл 2024
  • This is the final video in my bookkeeping tutorial, which covers the basics of double entry bookkeeping.
    This video teaches the basics of financial statements; the profit and loss statement and the balance sheet.
    Next Video:
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    Many more FREE videos and courses at www.freebookkeepingaccounting.com
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Комментарии • 190

  • @kivensjean-louis1572
    @kivensjean-louis1572 2 года назад +23

    I just want to say that I appreciate all five of your intro courses so far and looking forward to seeing what your website have to offer, thank you.

  • @katyhabib2200
    @katyhabib2200 4 месяца назад +4

    Thank you I appreciate the 5x video's, they were easy to follow

    • @BookkeepingMaster
      @BookkeepingMaster  4 месяца назад

      You're very welcome! Thanks for watching and taking the time to comment.

  • @YeshuaIsTheTruth
    @YeshuaIsTheTruth 7 месяцев назад +3

    I really appreciate the free course! Ive been toying with the idea of getting certified and this is a really nice resource.

  • @tamaracotton8906
    @tamaracotton8906 6 месяцев назад +2

    Thank you for the 5 courses! I watched them all this morning. I look forward to learning more .

  • @BlessingTaka
    @BlessingTaka 3 года назад +13

    Very helpful information. I have just watched all 5 videos. You speak at a pace that is great for me to absorb the info and understand it. Thank you!

  • @cutrijc
    @cutrijc 2 года назад +1

    LOVE THESE! Thank you for sharing. Engaging + useful. Not stopped working alongside the vids since I came across the lessons this afternoon. 👍

    • @BookkeepingMaster
      @BookkeepingMaster  2 года назад +1

      Glad you like them! Thanks for watching and for the comment

  • @iamahorsenut7541
    @iamahorsenut7541 16 дней назад +1

    so very helpful, so much appreciated

  • @elenaking8636
    @elenaking8636 2 года назад +1

    Thank you so much this has been so helpful for me, you are so clear and have good pace of explaining things! :D Thank you!

  • @lissetsanchez5316
    @lissetsanchez5316 2 года назад +1

    So grateful for these videos! ☺

    • @BookkeepingMaster
      @BookkeepingMaster  2 года назад +1

      I'm so glad! Thanks for watching and for the comment

  • @rutht8570
    @rutht8570 2 года назад +2

    This was great. I wanted it to go on. Much appreciated.

  • @ascensivelight-sharonlynn219
    @ascensivelight-sharonlynn219 3 года назад +4

    Thank you, very helpful. Your a great teacher. 🙂

  • @freddychimfumpa8550
    @freddychimfumpa8550 2 года назад +1

    You have made me understand the lessons more easily and clear. I find your lessons very interesting and simpler than I first learned them from my previous school some years ago.

  • @bundilee
    @bundilee 3 года назад +1

    Excellent teaching, thank you 🙏🏽

    • @BookkeepingMaster
      @BookkeepingMaster  3 года назад

      You are very welcome. Thank you so much for the comment and for watching.

  • @AnisahBellydancer
    @AnisahBellydancer 2 года назад +2

    Thanks a lot for this valuable free content!

    • @BookkeepingMaster
      @BookkeepingMaster  2 года назад

      Glad it was helpful! Thanks so much for watching and for taking the time to comment.

  • @iceberginn8363
    @iceberginn8363 2 года назад +2

    This is the Course I have been looking for for a year and years, Thank you so much, Bookkeeping Master, Finally, I get the idea of how to start to do it by myself!!

  • @user-et9bf1ic6s
    @user-et9bf1ic6s 8 месяцев назад +1

    Thank You, Watch these 5 these morning, Great help to the launching our new bossiness.

    • @BookkeepingMaster
      @BookkeepingMaster  8 месяцев назад

      No problem. Thanks so much for watching and for your comment

  • @annebracher1843
    @annebracher1843 3 года назад +1

    I did the AAT some years ago before taking time out to do a Psychology degree (yep I know quite different) - this brief course was great as a very succinct, comprehensive reminder - so much so I am thinking of taking the Ultimate Bookkeeping Course even though I have covered everything there before in my studies, but at the very reasonable value of £85 (£65) currently it is very tempting. For anyone getting started in bookkeeping you really can't go wrong with these videos and I think they are a good example of the quality one might expect from his courses. Thank you so much for this great quality free content Bookkeeping Master.

  • @tradinggoddess212
    @tradinggoddess212 3 года назад +2

    Thank you so much, I'm going to go ahead & subscribe to your channel because your explanations were perfect!!

  • @tracybird6580
    @tracybird6580 Год назад +1

    Excellent content as always - thank you so much I really appreciate what you have done for us.

  • @bethanyhenderson467
    @bethanyhenderson467 5 месяцев назад +1

    This was absolutely the best!

  • @tesst201
    @tesst201 Год назад +2

    Hi thank you for the 5 part Series of free bookkeeping courses, thankfully I'm not a novice, and everything made complete sense.

  • @masimthandenikitafaku6639
    @masimthandenikitafaku6639 2 года назад +1

    I literally have never had more conversation with numbers than words in my entire life. Thank you so much. I didnt know why God wanted me to learn bookeeping for years at first it was an idea to get acourse to ave a job, but now! Now im having conversations with my t-accounts and double entry and owh I had no clue about excel now im on my PC having fun with everything, damn. Can someone give me a financial problem to solve haha. Lve and light. Thank you bookeeping Master.

    • @BookkeepingMaster
      @BookkeepingMaster  2 года назад

      Thanks so much for watching and for the comment. God bless you

  • @amychin6283
    @amychin6283 3 года назад +13

    This has been so helpful! I love how you explain everything so clearly and concisely. Have you ever considered doing a course on Wave?

    • @BookkeepingMaster
      @BookkeepingMaster  3 года назад +7

      Maybe one day! Thanks for the compliment and for watching.

  • @sabenamiller8323
    @sabenamiller8323 3 года назад +1

    Excellent teaching!!!!

  • @paulawalters5618
    @paulawalters5618 2 года назад +1

    Great little crash course or refresher. Thank you

    • @BookkeepingMaster
      @BookkeepingMaster  2 года назад

      No problem, Paula. Thanks for watching and for the comment

  • @juliejarod0126
    @juliejarod0126 2 года назад +1

    For how many weeks searching for a free tutorial of book keeping , here it is . thank you so much. it is well explained . God Bless.

  • @Miladay.Adventure
    @Miladay.Adventure 2 года назад +1

    Finished up to Part 5. Thank you.

  • @qormi1000
    @qormi1000 2 года назад +1

    Thank you for all your videos. I'm off to check out your website.

  • @naomingimba2343
    @naomingimba2343 2 года назад +1

    you are the best and God bless you for this. It's short and very clear

  • @karendowns2898
    @karendowns2898 3 года назад +1

    Refreshing my knowledge of accounting.very helpful.

  • @tertiafourie8003
    @tertiafourie8003 3 года назад +1

    Thanks a lot, excellent content and very good explanations.

  • @kath.9505
    @kath.9505 4 года назад +1

    Very helpful. Thank you!

  • @kavitachoon1643
    @kavitachoon1643 10 месяцев назад +2

    this really helped me because I was struggling alot with my work😁

  • @user-cb9yh7zt4p
    @user-cb9yh7zt4p 8 месяцев назад +1

    I really enjoyed the five lessons in this intro course. Heading over to your website to check it out

  • @manuelavinci3552
    @manuelavinci3552 Год назад +4

    I really appreciate your hard job and let me tell you that you are extremely clear while explaining. I am a student of accounting and finance and I have been struggling with the module 'introduction to financial accounting'. You have helped me to have a clearer mindset and I will use your website as well. I really admire you and I thankful for your support. Thanks! P.S. I have recommended it to all of my classmates!

  • @kafuilord9013
    @kafuilord9013 Год назад +1

    Thank you very much for the course. This was a great stepping stone for me

  • @lynnewampach1855
    @lynnewampach1855 2 года назад

    Perfect - Has helped me a lot. Will refer back as well

  • @1STBUCKLEY
    @1STBUCKLEY 2 года назад +1

    Did bits of bookkeeping ie just loading to accounts back in Kalamazoo days lol looking to go back to work. Somehow been shortlisted gawd I've forgotten everything l talking about Xero cloud accounts. Thanks

  • @bhairaviraval5108
    @bhairaviraval5108 10 месяцев назад +1

    I appreciate you for all videos. I will finish whole bookkeeping course with an excellent tutor. Thank you so much. 😊

  • @evafuentes3995
    @evafuentes3995 3 года назад +2

    Thank you, very informative and helpful

  • @jamestaule699
    @jamestaule699 Год назад +1

    Appreciate your effort and time to deliver such free educational information on bookkeeping. Thankyou,

    • @BookkeepingMaster
      @BookkeepingMaster  Год назад

      My pleasure! Thanks for watching and for taking the time to comment

  • @tamtamdianaclaire.
    @tamtamdianaclaire. Год назад +1

    Thank you so much, this was really insightfull and helpful

  • @audreymasitsa9732
    @audreymasitsa9732 2 года назад +1

    Thank you so much!

  • @mirtayyab
    @mirtayyab Год назад +1

    Thanks for being so helpful.

  • @charlottequemada9662
    @charlottequemada9662 Год назад +1

    Thank you!

  • @andrisjoseph5299
    @andrisjoseph5299 10 месяцев назад +1

    Thank you so much for taking time to share your bookkeeping knowledge with us. I am a little bit confuse in part 4.I will have to rewatch it until I get it. Thanks again.

    • @BookkeepingMaster
      @BookkeepingMaster  10 месяцев назад

      Thanks for watching and for the comment. All the best

  • @stormy8207
    @stormy8207 Год назад +1

    Much thanks. Very helpful

  • @elviragiblin9849
    @elviragiblin9849 3 года назад +1

    I'm so new in bookkeeping. I want to learn to improve my skills as Administrative Assistant. Can't wait to check out your website for more information. Thank you, you're awesome.

    • @BookkeepingMaster
      @BookkeepingMaster  3 года назад

      Awesome! Thank you so much!

    • @megustacrys
      @megustacrys 3 года назад

      @@BookkeepingMaster I am here for the exact same reason, thankyou.

  • @Cris-hk4cn
    @Cris-hk4cn 2 года назад +1

    Very well explained. Very understandable. Thanks

  • @carloshernandez49
    @carloshernandez49 2 года назад +1

    Thanks a lot. Your Englishs is clear and i can understand you very well.

  • @yamnaanis
    @yamnaanis 3 года назад +1

    it was a very helpful course! thank you very much... (y)

  • @justmestephanie305
    @justmestephanie305 2 года назад +1

    I have a bookkeeping interview tomorrow. Thanks so much for your videos....watched all five

  • @julitagomez7445
    @julitagomez7445 2 года назад +1

    Thank you so much. I found your channel new subscriber from the Philippines.

  • @emmaCHGU
    @emmaCHGU 3 года назад +1

    thanks for your time very helpful

    • @BookkeepingMaster
      @BookkeepingMaster  3 года назад

      No problem! Thanks for watching and for taking your time to comment

  • @ruths.7798
    @ruths.7798 3 года назад +1

    GREAT VIDEOS. THANK YOU FOR SHARE

  • @sylviajuma6968
    @sylviajuma6968 2 года назад +1

    Thank you for the videos

    • @BookkeepingMaster
      @BookkeepingMaster  2 года назад

      My pleasure! Thanks for watching and for the nice comment

  • @peteratkinson4263
    @peteratkinson4263 9 месяцев назад +1

    Thank you for the course!! I think, you explained it pretty well !! I tried to learn accounting/bookkeeping some years ago, but, I was NEVER shown your PEARLS 'method', which, I think for someone 'new' to this, is a 'great' help!! Need a little more practice now!!

    • @BookkeepingMaster
      @BookkeepingMaster  9 месяцев назад +1

      You're so welcome!!! Thank you so much for watching and for your comment

    • @peteratkinson4263
      @peteratkinson4263 9 месяцев назад

      @@BookkeepingMaster Thank you Bookkeeping Master!! Do you provide, some, MORE, examples/tests of posting financial transactions? Thank you!!

  • @cledwynstafford4819
    @cledwynstafford4819 2 года назад +1

    thankyou again, I have learnt so much.

  • @jonathancerqueira7910
    @jonathancerqueira7910 2 года назад +1

    Great video man thanks

  • @tong3571
    @tong3571 2 года назад +1

    Thank you so much Teacher 📝❤️

  • @suleimanumar3142
    @suleimanumar3142 Год назад +1

    many thanks man, it helps a lot

  • @normanocampo4466
    @normanocampo4466 2 года назад +1

    Endless Thanx, from the Philippines

  • @amandaosborne369
    @amandaosborne369 Год назад +1

    Thank you 🙏 very helpful

  • @sonjarycroft7729
    @sonjarycroft7729 4 года назад

    THANK YOU

  • @garypoole7270
    @garypoole7270 4 года назад +1

    Thanks very helpful

  • @fatimjoeb8188
    @fatimjoeb8188 4 года назад +1

    Thanks a lot

  • @laulau3641
    @laulau3641 Год назад +1

    Thank you so much

    • @BookkeepingMaster
      @BookkeepingMaster  Год назад

      You're most welcome. Thanks for watching and for the comment

  • @d.w.714
    @d.w.714 Год назад +1

    THANK YOU SO MUCH

  • @adelam.rondilla3017
    @adelam.rondilla3017 Год назад +1

    hello master thank you for sharing your vedios

  • @gracewambui5431
    @gracewambui5431 3 года назад +2

    Ow! here it is. I found it.

  • @jorgeberruete4537
    @jorgeberruete4537 3 года назад +1

    Thanks Really helped me understand I thought you were going to use the DEALER method but PEARLS sounds better ahaha

  • @sharylwilkes4861
    @sharylwilkes4861 3 года назад +1

    Hello I'm just finding your videos. They're really helpful. Could you clarify where I would put stock? I'm just starting a small buisness from home buying and selling things. But I have no idea when it comes to this side of things.

    • @BookkeepingMaster
      @BookkeepingMaster  3 года назад

      Hi. Stock held is an asset, so it will show on the balance sheet. Stock sold is a cost of sale, so it shows on the profit and loss. Thanks for watching.

  • @yemiorekunrin-gold9318
    @yemiorekunrin-gold9318 Год назад +1

    thanks

  • @kelrazeld6422
    @kelrazeld6422 Год назад +2

    what a series! this refreshed me a lot from my bookkeeping experience 5 years ago. Thanks, appreciate it!
    Cheers!!

  • @KentSDa
    @KentSDa 4 года назад +1

    You are really perfect in explaining stuff, even better than my university professor.
    I want to start working as bookkeeper remotely as freelancer, what should I do? I feel like the job reqs are different from what I learn!! I guess that needs practice right? Where should I do that? and I'm sorry I don't have enough money for paid courses, I live far away in middle east.. Can you guide me please?

    • @BookkeepingMaster
      @BookkeepingMaster  4 года назад

      Please send me an email - info@bpfs-online.com. Thanks for watching.

    • @KentSDa
      @KentSDa 4 года назад

      @@BookkeepingMaster I sent you but you seem you not sure.. 😥

  • @jessymanjoni619
    @jessymanjoni619 3 года назад +1

    That's great, I need more vidios

    • @BookkeepingMaster
      @BookkeepingMaster  3 года назад +1

      More on the way! Thanks for watching.

    • @jessymanjoni619
      @jessymanjoni619 3 года назад

      Please I need to learn more bookkeeping and accounts, what can I do to have advanced ones

  • @samialom2913
    @samialom2913 2 года назад +1

    I really like your tutorial videos of this course. I am interested in the whole course. Can you help me a little bit about how I can get the whole course?

    • @BookkeepingMaster
      @BookkeepingMaster  2 года назад

      Just head over to my website - www.freebookkeepingaccounting.com - and click on the Ultimate Bookkeeping Course. You can sign up there. Thanks for the comment.

  • @somer0703
    @somer0703 2 года назад

    Do you have a video explaining how the term debit the reciever credit the giver comes into play. I understand most things but when that is mentioned by my tutor in college all understanding goes out the window!! lol

    • @BookkeepingMaster
      @BookkeepingMaster  2 года назад

      Receiver and giver are more to do with banking, such as a bank statement. All you need to do is think in reverse of the accounting - the debits and credits will be the opposite to accounting - harder than it may sound! I hope this helps

  • @dkumar6659
    @dkumar6659 Год назад

    Hi very impressed by your presentation. QUESTION? whats difference between revenue and sale in terms of pearls on P&L statement

    • @BookkeepingMaster
      @BookkeepingMaster  Год назад

      Sales are usually sales of a product or service. Revenue is a blanket term for money received, including sales, commissions, royalties, interest received, etc. I hope this helps. Thanks for watching.

  • @lujiesun4613
    @lujiesun4613 3 года назад +1

    0 dislikes, very understandable

  • @nancymagoon2043
    @nancymagoon2043 3 года назад +1

    I like your video's but you need to make sure when you use excel that not everyone is using your letters like DR/ CR in the USA we use different letters. But great information for beginners.

    • @BookkeepingMaster
      @BookkeepingMaster  3 года назад

      Thanks for watching and for the suggestion, much appreciated

  • @ParkerRRea
    @ParkerRRea 2 года назад

    In the P&L section, is the Gross Profit the same as R (Revenue)? I noticed every other piece of the P&L report corresponds to a letter from the PE_R_S section of the acronym, so I assumed this was the case but wanted to double-check.

    • @BookkeepingMaster
      @BookkeepingMaster  2 года назад

      Hi. Gross profit is revenue/sales minus cost of sales. Revenue is income, sales, etc.

  • @sarawatanabe389
    @sarawatanabe389 4 года назад

    What is difference between Revenues and Sales in PEARLS?
    Thank you!

    • @BookkeepingMaster
      @BookkeepingMaster  4 года назад

      Sometimes there is no difference.
      Sometimes revenue relates to all forms on income, such as sales, bank interest, rental income, etc, whilst sales relates to just the income through selling a product or service. Thanks for watching. I hope this helps.

    • @sarawatanabe389
      @sarawatanabe389 4 года назад

      @@BookkeepingMaster Thank you for your additional explanation. It helped me to understand it!

  • @lizardking112
    @lizardking112 Месяц назад

    Good old A=L+P :)

  • @naeemapatel5259
    @naeemapatel5259 Год назад +1

    Is the Ultimate Bookkeeping course available to ppl in South Africa?

    • @BookkeepingMaster
      @BookkeepingMaster  11 месяцев назад

      Yes. Just sign up on my website www.freebookkeepingaccounting.com. Thanks for watching.

  • @DaLastYoshi
    @DaLastYoshi 5 месяцев назад

    does your paid course show you how to use software like quickbooks

    • @BookkeepingMaster
      @BookkeepingMaster  5 месяцев назад

      No, all that is covered for free on my website: www.freebookkeepingaccounting.com/free-bookkeeping-accounting-courses

  • @turkboytaylor672
    @turkboytaylor672 3 года назад

    I thought you said that the bookkeeping course was free? I should have known better, nothing in life is free.. Great explanations on the accounting topics however, you made it simple and understandable

  • @gloriacortes7759
    @gloriacortes7759 3 года назад +1

    I need help

    • @BookkeepingMaster
      @BookkeepingMaster  3 года назад

      No problem. Feel free to email me - info@bpfs-online.com.

  • @030164tina
    @030164tina Год назад

    Do you like Excel over Quick Books and why?😊

    • @BookkeepingMaster
      @BookkeepingMaster  Год назад +1

      No, QuickBooks. It is quicker, easier to use, much easier to correct errors, safer with regard to privacy, and can generate reports at a click of a button! Thanks for watching

  • @dudeb5610
    @dudeb5610 Год назад

    Is yourUltimate bookkeeping course free?

    • @BookkeepingMaster
      @BookkeepingMaster  Год назад

      No, but all my other bookkeeping, accounting and software courses are for free. Go check out my website www.freebookkeepingaccounting.com. Thanks for watching.

  • @billmane226
    @billmane226 3 года назад

    so unclear thanks

    • @BookkeepingMaster
      @BookkeepingMaster  3 года назад

      Which part? I may be able to help you understand. Thanks for watching.