Create a Bookkeeping Spreadsheet using Microsoft Excel - Part 2

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  • Опубликовано: 27 сен 2024
  • Part 2 of 6 - Learn how to create a bookkeeping spreadsheet using microsoft excel.
    In this video I will show what equations to include in your bookkeeping template.
    Need help with Sage or other accounting software? Drop us an email at info@bpfs-online.com
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Комментарии • 55

  • @wandacintron9131
    @wandacintron9131 8 лет назад +1

    Thanks for this wonderful videos , I,m studying account and your videos help me a lot to understand what I'm preparing my self .

    • @BookkeepingMaster
      @BookkeepingMaster  8 лет назад

      +Wanda Cintron No problem. Please check out my website for more FREE accounting videos www.freebookkeepingaccounting.com. Thanks for watching.

  • @Youtubervideos125
    @Youtubervideos125 7 лет назад

    Your the best. As am an Accountant and you have taught me a lot from these vid's.

  • @remilizamarzon411
    @remilizamarzon411 6 лет назад +3

    thanks, for making this video it really helps a lot.God bless

  • @BookkeepingMaster
    @BookkeepingMaster  11 лет назад +1

    You're welcome

  • @chiyang7663
    @chiyang7663 7 лет назад +2

    Hi, Bookkeeping Master, thank you so much for your videos! I went through all 6 videos and did learn a lot. I simply have one question. In the opening balance, why the total amount does not equal to zero? I am confused because of the equation: asset= liability+equity. Thank you!

    • @BookkeepingMaster
      @BookkeepingMaster  7 лет назад +1

      The opening balances are purely an example. You are right, they should equal zero - good spot! Thanks for watching.

    • @mercymwariri338
      @mercymwariri338 6 лет назад

      because he keyed in information offhead..so not actual. But should be zero if actual

  • @jacobobure3011
    @jacobobure3011 7 лет назад +1

    This awesome. These videos have really helped me.

  • @marce123
    @marce123 10 лет назад

    What does the products for resale represent and why is this different from the other expenses? It may sound like a silly question but when adapting the spreadsheet I want to make sure the figure add up correctly on the p&l sheet. And I you add tabs for consecutive months will the formulas be carried over? Thanks
    Great video...

  • @jorobinsonfitness
    @jorobinsonfitness 9 лет назад +1

    Hi Book Keeping Master, I have found your videos really helpful. I am busy setting up the spread sheets and filling it in, but as I am a new start up business I have put some cash from my personal account into my business account, where does this go on the spread sheet, and do I show as a plus or minus, as its not really income?

    • @vinalkumar7041
      @vinalkumar7041 2 года назад

      i think it goes in capital account but please feel free to take a second opinion

    • @awhinatemataki8550
      @awhinatemataki8550 5 месяцев назад

      So would you have eftpos transactions in its own box.

  • @danielhadley2848
    @danielhadley2848 10 лет назад

    Also does the petty cash account? represent literally cash in hand as this is something I deal with before banking often. Thanks

  • @danielhadley2848
    @danielhadley2848 10 лет назад

    Hi, if I put money into my company from my own money in a sole trader enterprise, does this have to be from a "capital account"? I guess it has to come from somewhere? thanks very helpful video

  • @zeiterconsulting
    @zeiterconsulting 7 лет назад +1

    Hello, whenever I try to minus the expenditure from the equation (sum), it goes red instead of green and won't format properly?

    • @zeiterconsulting
      @zeiterconsulting 7 лет назад

      Or any of the closing balance row for-that-matter

  • @mjn1182
    @mjn1182 8 лет назад

    Hi , Thanks for your video , I would like an advice how will add I columns for Vat and Gross Amt ect for Expenditure Codes and in the future to know the VAT expenses Thanks for your help
    .

  • @dirkrossouw464
    @dirkrossouw464 4 года назад

    Hi there BookkeepingMaster! Nice Video. Can I ask why you entered the loan payment under income/assets/liabilities and not under expenditure?

    • @BookkeepingMaster
      @BookkeepingMaster  4 года назад +2

      Because a loan payment is not an expense to the business, it is a reduction of the businesses liability. I have a free bookkeeping course on my website, it may be good to take it. No registration or payment is required. Thanks for watching.

  • @mashav2064
    @mashav2064 9 лет назад

    Thank you very much for your videos! They help me a lot in understanding bookkeeping.
    I wonder would you be so kind to answer few of my questions?
    1. We have an account with a supplier which issued invoices for materials on amount of £3100 but we paid only £2000. How would you enter these data in the Bookkeeping Spreadsheet? Shell I add another column in INCOME, ASSETS and LIABILITIES for Supplier Credit Account? or just leave it in EXPENDITURE?
    2.We bought a peace of used but expensive machinery does it go to EXPENDITURE or ASSETS? (Paid in full)
    3.We bought some used tools on Ebay from privet sellers so we do not have invoices for those but the amount of money paid shown on bank statement. We shouldn't put this transaction in the books, or should we?
    Really hope for your help.

    • @BookkeepingMaster
      @BookkeepingMaster  9 лет назад +3

      +Masha V Thanks for watching and for the comment. If you could make a small donation through my website and email me, I will be happy to answer your questions. Thanks again.

  • @lasnenastv6811
    @lasnenastv6811 9 лет назад

    I'm so sorry I figured it I was ahead of what you had done lol that's what I get for trying to do it on my own before finishing the video.. I will follow you then I will practice lol..

    • @BookkeepingMaster
      @BookkeepingMaster  9 лет назад

      +Aida Rivera No problem. Please check out my website for more free videos. Thanks for watching.

    • @lasnenastv6811
      @lasnenastv6811 9 лет назад

      +BookkeepingMaster sure will txs.

  • @korneliuspatterson399
    @korneliuspatterson399 7 лет назад

    I've created a liability "Shareholder Loan a/c" for any personal funds I use for the business. Since the loaned money was used for business expenses how do I record those expenses? I am looking to reimburse myself, and want to avoid being taxed on the income the business will reimburse me with.

    • @BookkeepingMaster
      @BookkeepingMaster  7 лет назад

      You need to record the money-in and money-out just the same as any of the bank and other asset and liability accounts - ensure the account is on both sides of the spread-sheet, use part 1 for the reimbursements and part 2 for the expenditure. I hope this helps.

  • @chiewyainkuan466
    @chiewyainkuan466 8 лет назад

    How do I deal with credit card opening and closing balances if I do have credit card account?

  • @SammiSparke
    @SammiSparke 9 лет назад

    I'm probably being a bit simple but how do I deal with the next month? I've watched all of the 6 videos and you don't touch on how you do your next month - is it on a new sheet?

    • @BookkeepingMaster
      @BookkeepingMaster  9 лет назад +2

      Sammi Sparke Yes, copy and paste the template on a new sheet. Use the closing balances of the previous month for the opening balances of the new month. Thanks for watching.

    • @SammiSparke
      @SammiSparke 9 лет назад

      Thank you :)

  • @kyp618
    @kyp618 7 лет назад +1

    thank you! I thought I had to have an engineering degree to know how to just create a basic spread sheet to track my profits/losses for my direct sales business.

  • @alaurafair3177
    @alaurafair3177 4 года назад

    When I am paid for several different services (facials, massage, & waxing) on a app such as paypal/cash app/Groupon that deposits into my bank a/c. Would I just put "Groupon deposit" or "Paypal Deposit" in the description for income or does it need to be more specific than that? TIA!

    • @BookkeepingMaster
      @BookkeepingMaster  4 года назад

      Your suggestions are both fine. Thanks for watching.

  • @aniagoluikechukwu5654
    @aniagoluikechukwu5654 4 года назад +1

    Thanks

  • @marce123
    @marce123 10 лет назад

    What does the products for resale represent and why is this different from the other expenses? It may sound like a silly question but when adapting the spreadsheet I want to make sure the figure add up correctly on the p&l sheet. And I you add tabs for consecutive months will the formulas be carried over? Thanks
    Great video...

  • @Tony33dss
    @Tony33dss 10 лет назад +1

    thank you

    • @BookkeepingMaster
      @BookkeepingMaster  10 лет назад +1

      No problem. Please 'like', subscribe, and check out our website for more free videos.

  • @marie-antoinettemanzan430
    @marie-antoinettemanzan430 7 лет назад +1

    Yes, my life is so much easier! I wonder if you're interested in making a video for calculating net income on eBay where it would require not only (-/+) transactions but also (-/+) percentages, multiplying and dividing?

    • @BookkeepingMaster
      @BookkeepingMaster  7 лет назад

      Thanks for the suggestion and for watching. Much appreciated.

  • @jasimg1806
    @jasimg1806 3 года назад

    Sir I am from pakistan, I haven't SageOne, I desperately wanted to become accountant

    • @BookkeepingMaster
      @BookkeepingMaster  3 года назад

      You can download it from the Sage website. Thanks for watching.

  • @davidrandall1038
    @davidrandall1038 8 лет назад +1

    Thank you soooooo much for going fast/at a decent speed.... other videos drive me crazy.. I subscribed right away

  • @aravindamadushanka3468
    @aravindamadushanka3468 8 лет назад +1

    thank you sir!

  • @christinaleaman7193
    @christinaleaman7193 7 лет назад

    Thank you for all your help here! Tho I do have a question. How do I enter -500.00 on my cell without it + the next cell I am working on? Thanks a huge bunch!!!

    • @BookkeepingMaster
      @BookkeepingMaster  7 лет назад

      Sorry, I am not sure what you are referring to. Thanks for watching.

  • @xeeclassic
    @xeeclassic 6 лет назад

    can we this sheet chart of accounts????