Ahhh bookkeeping! One of life's great pleasures. ⏱TIMESTAMPS 00:00 - Intro 00:13 - What is Bookkeeping? 01:11 - STEP 1: Separate Your Business & Personal Transactions 01:49 - STEP 2: Choose A Bookkeeping System 03:05 - STEP 3: Single-Entry Or Double-Entry Bookkeeping 04:28 - STEP 4: Cash Method Vs Accrual Method Of Bookkeeping 05:25 - STEP 5: Recording Transactions 06:11 - STEP 6: Sorting Transactions 06:55 - STEP 7: Storing Transactions 07:53 - BONUS TIP 1: Budget For Taxes 08:27 - BONUS TIP 2: Do Regular Bank Reconciliations
Hi James, I have a virtual, small business bookkeeping / consulting business. I'm not sure if this would be conflict of interest for you, but I am looking to pay out for referrals that are sent my way. If you are interested in partnering up in a mutually beneficial way please let me know. Thank you!
Not sure why I clicked on this, but I have my masters in accounting and it was sort of refreshing to watch a video about the basics. What a great rundown!!
A very interesting video would be if you did the entire Accounting process in a supposed company. From start to finish. You open your own business and you get as far as the completion of the financial statements. step by step. let's see you complete the entire process live! I know the video would be huge, but you would give the whole picture perfectly! Keep up he good work!
Yes, I concur. Accounting instruction books show all these numbers in place; but they give no idea how they came up with these figures. That would be great. And, I would be willing to buy a cheat sheet with each step that is illustrated...oops. I guess that would be a book! BTW, nice touch with the doggos!
Dude i dont know your skills, but after watching your sessions even we being Certified Punlic Accountants question on our analytical and clarity on subject. How can you be so nice in explaining the concepts digitally which we visualise in our mind while studying. Really your a gift to the future of accountants.
Finished the ACCOUNTING BASICS for Beginners (Whole Playlist). Thank you sir for the playlist. Hopefully you will make a playlist like this on Managerial Accounting. Till then, thank you and Goodbye Sir. One of the best accounting teacher i have gone through. 🤟
Just found your channel and I love your Channel James!! You are fun and engaging, and I love the dog. I work as a staff accountant in the USA and love your information. We need more people to go into accounitng; we have a shortage! Keep up the good and interesting videos!
James, Thank you 100 times over. Watched all of your videos. Newest bookkeeper here. QUESTION: Do you think auto bank feeds is a good idea. My CPA doesn't like it. It saves so much time! Thx!
This is the first time ever I' able to understand all about accounting, and related terms and transactions. I'm commenting to say thank you. Your explaining, clarifying, examples, and breaking down the whole thing, is really outstanding. I'm watching all the videos from the beginning. Each one is clear, simple, and informative in a very easy simple way. Really appreciated, with thanks. All the Best!
A simple yet informative overview of bookkeeping basics plus some important tips to remember! Choosing the right bookkeeping system for your business allows you to save time and a LOT of money!
I'm a software engineer and recently joined a team who is building and maintaining accounting software. I have very little accounting experience and no training. But your videos have helped me tremendously to understand the various concepts and to be in the position to make a more meaningful contribution to the accounting software. Thanks for the excellent work. I'm looking forward to the rest of the Accounting Basics series. I must say though, I preferred your speaking style from your earlier videos. They were more relaxed and fun to listen to. I was surprised to hear the change in accent in this video and thought you went intentionally into some kind of "British mode" for this video's sake 😄. But your other more recent videos also sound similar. Also missing the close-up shots in this video which gave your videos that extra edge. Please don't sacrifice your unique and fun teaching style for the sake of sounding and looking more "corparate-y". All the best!
TLDR: Bookkeeping is a necessary process for businesses to accurately record and track their financial transactions, and it involves choosing a bookkeeping system, separating business and personal transactions, recording transactions with important details, budgeting for taxes, and regularly reconciling bank statements. 00:00 💡 Bookkeeping is the regular process of recording, sorting, and storing a business's financial transactions, which is essential for taxes, financial statements, business decisions, and spotting mistakes. 01:12 💼 Separate your business and personal transactions by opening a business bank account, and choose a bookkeeping system such as spreadsheets, accounting software, or outsourcing to professional bookkeepers. 02:55 📚 Choose a bookkeeping system that suits your needs, budget, and expertise; single-entry bookkeeping is simple but may oversimplify your finances, while double-entry bookkeeping is more accurate and widely used by large businesses, although it requires more effort to set up and maintain. 04:23 💡 Choose between the cash method or the accrual method of bookkeeping; the cash method is straightforward but may make it difficult to measure profit accurately, while the accrual method matches revenue to expenses and provides a detailed financial position but is harder to maintain. 05:25 💡 Record your business transactions in your bookkeeping system, including important details like seller/purchaser, document number, date, description, and amount, and make sure to sort and file them in the correct accounts. 06:20 💡 Grouping transactions into accounts allows for the creation of financial statements, and storing transactions with supporting evidence is crucial for tax and financial compliance. 07:35 💡 Budget for taxes and set aside money each month to ensure you meet your tax obligations, and consider reaching out to a tax accountant if needed. 08:29 💡 Regular bank reconciliations are essential for accurate and up-to-date bookkeeping, as they involve comparing transactions on bank statements with those recorded in the bookkeeping system.
Hi! Is it possible you could make a video of a “day in the life” or something along the lines of you doing random bookkeeping so we have a better idea how you do it? For example, your client sends a receipt for something they bought. How would you do it in your software ?
Thank you for the amazing videos! I have a question that is bothering me a lot as an newbie accountant: In theory, I could write anything I want in an accounting software/book, how do I prove that these numbers are correct? There are many different transactions, what kind of paper I have to keep/maintain for each type of transaction to prove that these numbers are correct? Some are obvious like the receipt for an expense, but others I have no idea! Sales commission, depreciation, disposed assets, etc.? What if I wasn't able to get the proper documents? I would love to find something like a list where each type of transactions has the kind of documents I have to keep, or an overview on what that process look like for an accountant on a daily/monthly basis. I don't want to find myself in place where someone reviewing the books and I don't have the right documents or don't know where it is. This is by far one of my biggest struggles, I learned accounting relatively quickly, but still can't figure out how to do this properly and effectively.
Hello, all your information you gathered comes from somewhere whether it's another software like a POS system for your sales, which shows the tax amounts etc if it was set up properly. For government reporting all sales, and purchase expense receipts need to be saved 5-7 years or depending on the country your in. I suggest keeping your information all in one folder labelled each month for each year to help organize you at the beginning. if you were audited and a receipt or proof of revenue is questioned you would just pull that one file. I hope this helps a little.
@@joelcorona22 Last year I had my Financial Accounting exam worth 30 credits(that's in UK university). I finished Stage 1 and this year I finished Stage 2. This year I also took a module called International Financial Reporting which is like Financial Accounting, but more complicated. I did alright, just slightly above average :). Thanks for asking...
Very interesting and insightful as always. ❤. Can you please make a video of fixing cash flow deep crisis for big corporate. I'm seeing a case of Twitter now. Just curious.
Thank you for your vides and the acknowledgement of our paid subscription. Thank you! I have created accounting software specific for restaurants that helps with operations and connects to the POS system we have created to automate the processes as much as possible. How would I get a recommendation from you like you did for QuickBooks, Sage, Xero, Wave and FreshBooks? I would love to show you what we have done and even get your insight and feedback.
I just got offered a book keeping job at my elementary school that I was working for as a paraprofessional. I have NO experience, only a little business experience with my own little businesses. Any tips would be helpful.
TLDR: The key idea of the video is that bookkeeping is a necessary process for businesses to accurately record and track their financial transactions, and it involves choosing a bookkeeping system, separating business and personal transactions, recording transactions with important details, budgeting for taxes, and regularly reconciling bank statements. 1. 00:00 💡 Bookkeeping is the regular process of recording, sorting, and storing a business's financial transactions, which is essential for taxes, financial statements, business decisions, and spotting mistakes. 2. 01:12 💼 Separate your business and personal transactions by opening a business bank account, and choose a bookkeeping system such as spreadsheets, accounting software, or outsourcing to professional bookkeepers. 3. 02:55 📚 Choose a bookkeeping system that suits your needs, budget, and expertise; single-entry bookkeeping is simple but may oversimplify your finances, while double-entry bookkeeping is more accurate and widely used by large businesses, although it requires more effort to set up and maintain. 4. 04:23 💡 Choose between the cash method or the accrual method of bookkeeping; the cash method is straightforward but may make it difficult to measure profit accurately, while the accrual method matches revenue to expenses and provides a detailed financial position but is harder to maintain. 5. 05:25 💡 Record your business transactions in your bookkeeping system, including important details like seller/purchaser, document number, date, description, and amount, and make sure to sort and file them in the correct accounts. 6. 06:20 💡 Grouping transactions into accounts allows for the creation of financial statements, and storing transactions with supporting evidence is crucial for tax and financial compliance. 7. 07:35 💡 Budget for taxes and set aside money each month to ensure you meet your tax obligations, and consider reaching out to a tax accountant if needed. 8. 08:29 💡 Regular bank reconciliations are essential for accurate and up-to-date bookkeeping, as they involve comparing transactions on bank statements with those recorded in the bookkeeping system.
Hi bro thanks for the videos I need your advice I want to become an accountant and not sure where to start Do you have any viode to help this Many thanks
do you think it’s worth it for a small business with less than 30K per year to do this ? we already scan and sort and archive invoices and expenses in a notion database and use fintable to assign bank transactions. i guess xero or quickbooks would be more easy at this point right ?
What can you say about the new program BS Accounting information system? I'm planning to shift from BSIT. any tips or maybe make videos regarding different accounting programs
I'm now here! Could you make a video about accountant carreer around the world? I would like to get a job based in UK, for example, is it good or bad for earn money? Some stuffs like that, do you know?
Hi James, I've been following your videos recently, and I have to say they are brilliant. Keep up the amazing work! Do you have a video on CapEx and RevEx/OpEx and their accounting treatment on statements?
Hi, I'm in the learning process and ur videos help a shit load, if I'm being honest. Do you know anything about doing books for medical offices new assignment at work. And I'm so lost😢 or know any good resources?
Dividend is declared first which increases liability and decreases stockholder's equity. Later when the payment is made liability decreases (dividend payable) and simultaneously asset decreases (cash).
I have a small remodeling business since 2011 I have been doing things simple but at the same time hard to gather all the information at the end of the year. I have 3 subcontractors and my business is making more than $100,000 a year. What is the best way to keep my budget and invoices and expenses etc. I was a bookkeeper for years and know how to use QuickBooks not the new version one but I’m sure the one is not too complicated Please advise. Thank you 😊
As a fellow bookkeeper you don't need a degree or license, accountants need to pay for annual license in my county anyway, but you do need a solid foundation and understanding of bookkeeping. I've had several clients in many industries, not one asked for my certification, I've done this for 25 + years, I hope this helps, good luck with your own business 😃
I have a question. I am at an exciting point where I am in a position I am not qualified for. I am not a quitter, so I must learn. Currently, I am updating expenses in my company's QuickBooks. I am succeeding because it is an easy task. However, when I stumbled upon this video, some things made sense, but most were foreign languages. What does the owner of this channel, or you guys in his community, believe I should do? I was looking over his website, but I wonder if the cheat sheets are for this reason. Also, do you have any recommendations for learning QuickBooks? I saw the video on this channel, but it needs to go into depth. I also tried RUclips, LinkedIn Learning, and Skillshare and found no success with the videos. Sorry for this essay. I am writing it; I need guidance.
@@AccountingStuff I recently started it. Do you believe it is the best way to learn QuickBooks? Also, what do you think is the best way to learn Bookkeeping? Could the practice and cheat sheets help me with this? Thank you for your time. It means a lot to me because you don't know me but are willing to help me.
It's probably not the best way to learn QuickBooks... but it's free! If you'd like to learn bookkeeping then you might find my videos on the topic useful. The cheat sheets and practice questions help you remember what was covered in the videos.@@GonzaloG-c9j
Hi there James, I really like your content; it's on point and very informative👏 🔥. Do you have a biz' mail and are you open for feedback? I just want to share my thoughts regarding on your videos if that's okay with you.
@ambercastillo6581 It depends on your business. There are two different bookkeeping methods/systems: (1) single-entry method (2) Double-entry method. What line of business are you in? I should create a detailed video on which system works best for certain business owners
Ahhh bookkeeping! One of life's great pleasures.
⏱TIMESTAMPS
00:00 - Intro
00:13 - What is Bookkeeping?
01:11 - STEP 1: Separate Your Business & Personal Transactions
01:49 - STEP 2: Choose A Bookkeeping System
03:05 - STEP 3: Single-Entry Or Double-Entry Bookkeeping
04:28 - STEP 4: Cash Method Vs Accrual Method Of Bookkeeping
05:25 - STEP 5: Recording Transactions
06:11 - STEP 6: Sorting Transactions
06:55 - STEP 7: Storing Transactions
07:53 - BONUS TIP 1: Budget For Taxes
08:27 - BONUS TIP 2: Do Regular Bank Reconciliations
Hi James, I have a virtual, small business bookkeeping / consulting business. I'm not sure if this would be conflict of interest for you, but I am looking to pay out for referrals that are sent my way. If you are interested in partnering up in a mutually beneficial way please let me know. Thank you!
which phone are you using,,,,,that sometimes showed throughout videos
Not sure why I clicked on this, but I have my masters in accounting and it was sort of refreshing to watch a video about the basics. What a great rundown!!
A very interesting video would be if you did the entire Accounting process in a supposed company. From start to finish. You open your own business and you get as far as the completion of the financial statements. step by step. let's see you complete the entire process live! I know the video would be huge, but you would give the whole picture perfectly! Keep up he good work!
Thanks for your suggestion!!
Agree ! That would be excellent !
Yes, I concur. Accounting instruction books show all these numbers in place; but they give no idea how they came up with these figures. That would be great. And, I would be willing to buy a cheat sheet with each step that is illustrated...oops. I guess that would be a book! BTW, nice touch with the doggos!
That's Good idea!
I would be the best if creator make a full video like your idea!❤️
I concur friends!
Dude i dont know your skills, but after watching your sessions even we being Certified Punlic Accountants question on our analytical and clarity on subject.
How can you be so nice in explaining the concepts digitally which we visualise in our mind while studying. Really your a gift to the future of accountants.
Thanks for your kind words! Appreciate it :)
Thank you!!! I have zero experience and this is clear and simple. Much appreciated.
No worries, hope it helped :)
Finished the ACCOUNTING BASICS for Beginners (Whole Playlist). Thank you sir for the playlist. Hopefully you will make a playlist like this on Managerial Accounting. Till then, thank you and Goodbye Sir. One of the best accounting teacher i have gone through.
🤟
Well done! Bet that took a while. Hope it helped!
Your content is very informative and straight to the point. Thank you
Hi james, it's always a joy to learn from you
Cheers, glad to hear it :)
keep goining dont stop broooo.... you are better than my proffesor
James, I am so thankful to find your channel! Highly engaging, informative, useful and humorous (plus dogs!). All the flowers for you 💐
Thanks, glad you're enjoying these
Just found your channel and I love your Channel James!! You are fun and engaging, and I love the dog. I work as a staff accountant in the USA and love your information. We need more people to go into accounitng; we have a shortage! Keep up the good and interesting videos!
Love your channel from Armenia. Love the quality as well as the topics, keep it up bro!
Thanks!!
Thanks for the new video! I’m looking forward to seeing what other content you post! Always good to learn as much as you can!
Love and support ❤ from Pakistan 🇵🇰🇵🇰
All the best!
Excellent material clearly presented; easy to follow. thanks mate!
Thanks, glad you enjoyed it!
You're an amazing professor! Thanks for sharing!
Thanks, glad you enjoyed it!
James, Thank you 100 times over. Watched all of your videos. Newest bookkeeper here. QUESTION: Do you think auto bank feeds is a good idea. My CPA doesn't like it. It saves so much time! Thx!
I think it's a great idea. I use them myself and it saves a lot of time
Just got an aca graduate role for september, gonna prepare with all ur videos big man
my fav accounting teacher
Thank you so much for your Informative Content! A lot of value indeed !
Cheers Matt Matt :)
This is the first time ever I' able to understand all about accounting, and related terms and transactions. I'm commenting to say thank you. Your explaining, clarifying, examples, and breaking down the whole thing, is really outstanding. I'm watching all the videos from the beginning. Each one is clear, simple, and informative in a very easy simple way. Really appreciated, with thanks. All the Best!
Super glad I watched Hector's video and he recommended your chann! 😊
Thank you for your videos James! Can we also have a video on irrecoverable debts and allowance for receivables, please?
A simple yet informative overview of bookkeeping basics plus some important tips to remember! Choosing the right bookkeeping system for your business allows you to save time and a LOT of money!
Awesome video: simple and doable steps.
Glad you liked it!
Thank you for your amazing video!
No problem, glad you found it useful!
I'm a software engineer and recently joined a team who is building and maintaining accounting software. I have very little accounting experience and no training. But your videos have helped me tremendously to understand the various concepts and to be in the position to make a more meaningful contribution to the accounting software. Thanks for the excellent work. I'm looking forward to the rest of the Accounting Basics series.
I must say though, I preferred your speaking style from your earlier videos. They were more relaxed and fun to listen to. I was surprised to hear the change in accent in this video and thought you went intentionally into some kind of "British mode" for this video's sake 😄. But your other more recent videos also sound similar. Also missing the close-up shots in this video which gave your videos that extra edge. Please don't sacrifice your unique and fun teaching style for the sake of sounding and looking more "corparate-y".
All the best!
Thanks for your feedback! My style has changed over time as I have had more practice and slowly felt more comfortable with being on camera
a video on consolidation of financial position would be a great help
Thanks for your request!
Thank you for this video.
You're very welcome :)
Thank you for your videos very interesting and instructives
Another EXCELLENT video, James my boy!
TLDR: Bookkeeping is a necessary process for businesses to accurately record and track their financial transactions, and it involves choosing a bookkeeping system, separating business and personal transactions, recording transactions with important details, budgeting for taxes, and regularly reconciling bank statements.
00:00 💡 Bookkeeping is the regular process of recording, sorting, and storing a business's financial transactions, which is essential for taxes, financial statements, business decisions, and spotting mistakes.
01:12 💼 Separate your business and personal transactions by opening a business bank account, and choose a bookkeeping system such as spreadsheets, accounting software, or outsourcing to professional bookkeepers.
02:55 📚 Choose a bookkeeping system that suits your needs, budget, and expertise; single-entry bookkeeping is simple but may oversimplify your finances, while double-entry bookkeeping is more accurate and widely used by large businesses, although it requires more effort to set up and maintain.
04:23 💡 Choose between the cash method or the accrual method of bookkeeping; the cash method is straightforward but may make it difficult to measure profit accurately, while the accrual method matches revenue to expenses and provides a detailed financial position but is harder to maintain.
05:25 💡 Record your business transactions in your bookkeeping system, including important details like seller/purchaser, document number, date, description, and amount, and make sure to sort and file them in the correct accounts.
06:20 💡 Grouping transactions into accounts allows for the creation of financial statements, and storing transactions with supporting evidence is crucial for tax and financial compliance.
07:35 💡 Budget for taxes and set aside money each month to ensure you meet your tax obligations, and consider reaching out to a tax accountant if needed.
08:29 💡 Regular bank reconciliations are essential for accurate and up-to-date bookkeeping, as they involve comparing transactions on bank statements with those recorded in the bookkeeping system.
Good work ChatGPT ;)
Amazing😂 Love from 🇬🇧 Your videos always help me. Thank you so much.
Cheers Mac!!
Excellent video, two thumbs up!
Thanks! Glad you enjoyed it!
Great video thank you for helping me out with the basics. I'm new to this so it helped me out tremendously!!!
Thanks! Great to hear you found this helpful
Thank you so much.. very clear.. useful .. And interesting ...actually well done.. 😊
Hi! Is it possible you could make a video of a “day in the life” or something along the lines of you doing random bookkeeping so we have a better idea how you do it? For example, your client sends a receipt for something they bought. How would you do it in your software ?
exactly instead of giving us a bunch of complicated words and shiz just litterally show us lmaooo
Perfect 👍🏻 thank you
You're welcome :)
Thank you so much!
You're most welcome :)
your video is very helpful and fun! I was laughing while I was watching, thanks 😄😂🤣
Thanks, I'm glad you enjoyed it!
Great as always, the value you give away is appreciated sir 🙏
Cheers Ahmed
Thanks❤❤❤
No problem
Thank you for the amazing videos!
I have a question that is bothering me a lot as an newbie accountant: In theory, I could write anything I want in an accounting software/book, how do I prove that these numbers are correct? There are many different transactions, what kind of paper I have to keep/maintain for each type of transaction to prove that these numbers are correct? Some are obvious like the receipt for an expense, but others I have no idea! Sales commission, depreciation, disposed assets, etc.? What if I wasn't able to get the proper documents?
I would love to find something like a list where each type of transactions has the kind of documents I have to keep, or an overview on what that process look like for an accountant on a daily/monthly basis. I don't want to find myself in place where someone reviewing the books and I don't have the right documents or don't know where it is.
This is by far one of my biggest struggles, I learned accounting relatively quickly, but still can't figure out how to do this properly and effectively.
Hello, all your information you gathered comes from somewhere whether it's another software like a POS system for your sales, which shows the tax amounts etc if it was set up properly. For government reporting all sales, and purchase expense receipts need to be saved 5-7 years or depending on the country your in. I suggest keeping your information all in one folder labelled each month for each year to help organize you at the beginning. if you were audited and a receipt or proof of revenue is questioned you would just pull that one file. I hope this helps a little.
Wish me luck on the accounting exam on the 14th of June...
Good luck!!!
Good luck, how did you do?
@@joelcorona22 Last year I had my Financial Accounting exam worth 30 credits(that's in UK university). I finished Stage 1 and this year I finished Stage 2. This year I also took a module called International Financial Reporting which is like Financial Accounting, but more complicated. I did alright, just slightly above average :).
Thanks for asking...
Do you have a video on accrual method of accounting?
Here you go: ruclips.net/video/C8UuX75ZarU/видео.html
thanks helped alot
Very interesting and insightful as always. ❤. Can you please make a video of fixing cash flow deep crisis for big corporate. I'm seeing a case of Twitter now. Just curious.
thanks james. can you please do a video on accounting consolidation?
7:17 what is that ancient artifact?
The good old floppy disk
I love the content. Very informative. Looking for software for my tree company
Thanks, glad you're finding it useful!
Love from Bangladesh 🇧🇩
Cheers Bhuiyan!
Very nice ❤
Thanks :)
Thank you for your vides and the acknowledgement of our paid subscription. Thank you! I have created accounting software specific for restaurants that helps with operations and connects to the POS system we have created to automate the processes as much as possible. How would I get a recommendation from you like you did for QuickBooks, Sage, Xero, Wave and FreshBooks? I would love to show you what we have done and even get your insight and feedback.
Kindly make a video on quickbooks tutorial for beginners 😊
Thanks
I just got offered a book keeping job at my elementary school that I was working for as a paraprofessional. I have NO experience, only a little business experience with my own little businesses. Any tips would be helpful.
Congrats on the job offer!
TLDR: The key idea of the video is that bookkeeping is a necessary process for businesses to accurately record and track their financial transactions, and it involves choosing a bookkeeping system, separating business and personal transactions, recording transactions with important details, budgeting for taxes, and regularly reconciling bank statements.
1. 00:00 💡 Bookkeeping is the regular process of recording, sorting, and storing a business's financial transactions, which is essential for taxes, financial statements, business decisions, and spotting mistakes.
2. 01:12 💼 Separate your business and personal transactions by opening a business bank account, and choose a bookkeeping system such as spreadsheets, accounting software, or outsourcing to professional bookkeepers.
3. 02:55 📚 Choose a bookkeeping system that suits your needs, budget, and expertise; single-entry bookkeeping is simple but may oversimplify your finances, while double-entry bookkeeping is more accurate and widely used by large businesses, although it requires more effort to set up and maintain.
4. 04:23 💡 Choose between the cash method or the accrual method of bookkeeping; the cash method is straightforward but may make it difficult to measure profit accurately, while the accrual method matches revenue to expenses and provides a detailed financial position but is harder to maintain.
5. 05:25 💡 Record your business transactions in your bookkeeping system, including important details like seller/purchaser, document number, date, description, and amount, and make sure to sort and file them in the correct accounts.
6. 06:20 💡 Grouping transactions into accounts allows for the creation of financial statements, and storing transactions with supporting evidence is crucial for tax and financial compliance.
7. 07:35 💡 Budget for taxes and set aside money each month to ensure you meet your tax obligations, and consider reaching out to a tax accountant if needed.
8. 08:29 💡 Regular bank reconciliations are essential for accurate and up-to-date bookkeeping, as they involve comparing transactions on bank statements with those recorded in the bookkeeping system.
Do you have a video on setting up a double entry system?
Please make a video about consolidated financial statements ❤
Can you create tutorial video using different bookeeping system/accounting software
Any recommendations to get any accounting education without a college degree?
James, can do a video for allocation apportionment and reapportionment, and overheads absorption rate? I need it so much! Thank you!
I can solve all queries related to cost accounting
Hi bro thanks for the videos
I need your advice I want to become an accountant and not sure where to start
Do you have any viode to help this
Many thanks
do you think it’s worth it for a small business with less than 30K per year to do this ? we already scan and sort and archive invoices and expenses in a notion database and use fintable to assign bank transactions. i guess xero or quickbooks would be more easy at this point right ?
Every business is different so it's hard for me to make recommendations without knowing more about your situation
What can you say about the new program BS Accounting information system? I'm planning to shift from BSIT. any tips or maybe make videos regarding different accounting programs
Thanks for your request!
I'm now here! Could you make a video about accountant carreer around the world? I would like to get a job based in UK, for example, is it good or bad for earn money? Some stuffs like that, do you know?
Thanks for your request!
Hi James, I've been following your videos recently, and I have to say they are brilliant. Keep up the amazing work!
Do you have a video on CapEx and RevEx/OpEx and their accounting treatment on statements?
Not yet, but thanks for your suggestion!
How to do Journal entry to create a general Reserve practical exposure.
Simple is bestttt,!!!!
Thanks, I hope it was useful!
@@AccountingStuff veryyy useful!!!
Cool video...
Thanks!
Hi, I'm in the learning process and ur videos help a shit load, if I'm being honest. Do you know anything about doing books for medical offices new assignment at work. And I'm so lost😢 or know any good resources?
Hi James ……. Can u tell me the name of the accounting book you once suggested in one of your videos ??
The Accounting Game
Hello, James! Could you talk about the auditing? please
@AccountingStuff Hi! can u pls tell me which editing software have u used to edit this video?
I used Final Cut Pro
@@AccountingStuff U edited beautifully! is the software free?
@@MuhammedHalimah-wc8wb Thanks! You have to buy Final Cut Pro from the Apple app store
Hi! i have a question; do dividends both decrease the assets and the total stockholder’s equity of a corporation?
Dividend is declared first which increases liability and decreases stockholder's equity.
Later when the payment is made liability decreases (dividend payable) and simultaneously asset decreases (cash).
I have a small remodeling business since 2011 I have been doing things simple but at the same time hard to gather all the information at the end of the year. I have 3 subcontractors and my business is making more than $100,000 a year. What is the best way to keep my budget and invoices and expenses etc. I was a bookkeeper for years and know how to use QuickBooks not the new version one but I’m sure the one is not too complicated Please advise. Thank you 😊
You can use whichever software you're comfortable with, so long as it's a good fit for your business.
how long are businesses require to keep a record of their transaction?
I subscribed you because of soeb
Great to have you on board!
Do I need a certificate or license to start my own business as a bookkeeper thank you 🙏
As a fellow bookkeeper you don't need a degree or license, accountants need to pay for annual license in my county anyway, but you do need a solid foundation and understanding of bookkeeping. I've had several clients in many industries, not one asked for my certification, I've done this for 25 + years, I hope this helps, good luck with your own business 😃
Do you have a video on double entry book keeping?
Not specifically but I cover Debits and Credits here: ruclips.net/video/VhwZ9t2b3Zk/видео.htmlsi
@@AccountingStuff Thank you
Do you have an accounting firm or do you do coaching calls?
I don't unfortunately@@TerryCollinsP31Lifestyle
could you pls do a video about bad debt expense, uncollectible receivables, allowance for bad debts. ☹
Thanks for your requests!
Which one do you like best for book keeping?
I have a question. I am at an exciting point where I am in a position I am not qualified for. I am not a quitter, so I must learn. Currently, I am updating expenses in my company's QuickBooks. I am succeeding because it is an easy task. However, when I stumbled upon this video, some things made sense, but most were foreign languages. What does the owner of this channel, or you guys in his community, believe I should do? I was looking over his website, but I wonder if the cheat sheets are for this reason. Also, do you have any recommendations for learning QuickBooks? I saw the video on this channel, but it needs to go into depth. I also tried RUclips, LinkedIn Learning, and Skillshare and found no success with the videos. Sorry for this essay. I am writing it; I need guidance.
QuickBooks have a ProAdvisor program which is basically a free course on how to use it. Have you looked into that?
@@AccountingStuff I recently started it. Do you believe it is the best way to learn QuickBooks? Also, what do you think is the best way to learn Bookkeeping? Could the practice and cheat sheets help me with this? Thank you for your time. It means a lot to me because you don't know me but are willing to help me.
It's probably not the best way to learn QuickBooks... but it's free! If you'd like to learn bookkeeping then you might find my videos on the topic useful. The cheat sheets and practice questions help you remember what was covered in the videos.@@GonzaloG-c9j
@@AccountingStuff What would you advise me to do to learn QuickBooks best? And copy. I will purchase those sheets to help me better understand.
I'm doing accounting associates ritnow. They teaching me bookkeeping. I am interested in working Booking
That's great to hear!
Hi there James, I really like your content; it's on point and very informative👏 🔥. Do you have a biz' mail and are you open for feedback? I just want to share my thoughts regarding on your videos if that's okay with you.
Which bookkeeping system is the best
@ambercastillo6581 It depends on your business. There are two different bookkeeping methods/systems: (1) single-entry method (2) Double-entry method.
What line of business are you in?
I should create a detailed video on which system works best for certain business owners
"Two roads diverged in a wood and I took the one less traveled by, and that made all the difference." _Robert Frost
❤✨❤
3rd
Quick off the mark
Only if there was a financial stuff channel too
Correction of errors
Thanks for your request!
Hello, I'd like to launch bookkeeping outsourcing company. Is there anyone here that can give me good advice?
Best of luck with your new venture!
Who can help me do a bookkeeping please
What do you need help with?
Double entry bookkeeping is overrated and unnecessary nowadays.
How so?
Sofa
Always!
If you need a virtual bookkeeper, I can help!
Scams scams scams lol
How so?
Your video are so amazing please let me join you
W