Bookkeeping 101

This one is an oldie, but a goodie. We've had this video in past versions of QuickBooks for Mac. It's a little dated in the look and feel, but still has some great information. If you're brand new to running your business with QuickBooks, it's a good intro to some basic concepts. In this video, Tom Dorr of the Small Business Development Center uses the example of the Avenue Bread and Deli to show you the basics of bookkeeping for your business.
[Editor's note: I edited out the long intro to get right to the heart of the video. You don't miss much, just an introduction to Wendy and her bakery. But you'll hear Tom talk about them so I didn't want you thinking, "What's he talking about? Who is Wendy?"]

[@MiguelRuiz-ig4jy]

Seen quite a few videos and this was the best and clearest one I have found. Thank God. and Thank you.

[@Hellsconsort]

Great overview. Thanks.

[@AjmalKhan-kx6sw]

How good is the way you're teaching.... Amazing

[@imjalawesome]

stuck cause of corona so i'm learning bookkeeping. Thank you.

[@rubydhaliwal3825]

Very simple and accurate. Thanks

[@Cris-hk4cn]

Excellent video!!! Keep educating. Thanks

[@akanisifatafehi8256]

thanks for the video, so much covered, and takes a bit more time to understand. Thanks a lot

[@jamesperry3837]

So much information in < 10 minutes! Great video. A job well done.
Ive never worked on QBM but would like to.

[@issahabubakari4816]

Your videos are much educative. God bless you.

[@Exegerxi]

Thanks, I like it how it actually explains it simple, as if one doesn't have prior knowledge of the subject, such as jargon as seen in other lessons.

[@TheFriendYouNeverHad]

Thank you very much for this very simple to understand tutorial

[@AndreDeMoscu]

thank you so much for posting this!

[@bulatog380]

it's really informative for startups. nice vid

[@chrisledet8966]

think you for making things clear

[@Dhasidhar]

Wonderful Video..Really informative and Helpful, Thanks Tom Dorr

[@thenewkrurecords]

Great video! Well received! Thanks!

[@ua1153]

very easy to understand. thanks for the very clear discussion.

[@lisamccray6481]

I thank for both an understandable video and a job well done. This is very very helpful.

[@petradrauschak6409]

Great overview, thank you!

[@aishiteru-od4im]

This video is very easy to understand. You are a good teacher

[@blessingmadueke1562]

I think am enjoying the teachings

[@beach320]

I love it. I have learned a lot.

[@awlagnada]

Thanks for video. I'm learning.

[@waquandapowe]

love it make it simple im in bookkeeping my self and payroll ..thanks

[@analinares5133]

I consider it a great useful and practical alternative to solve in less time and at the lowest cost.

[@savannanash1449]

This is very informative, thank you!

[@toldosaurusrex]

Great video. Thanks.

[@peculiarprincess7365]

Just gotta say your editing is very cool!

[@allenschneider1847]

Are budgets usually developed within either the P&L statement or within the BS, or do most account software allow you to do a budget combing both aspects at once (ie. budget income and expenses and perhaps certain amounts to savings)?

[@crazyfrugalwoman4452]

Very easy to understand. I suggest speeding up video to 1.25

[@robertchavez1784]

Good call. Totally injected some life into the guy.

[@sydneywestgate6829]

Yeah thanks! Definitely helped

[@celmarie3131]

Thanks for the heads up 💕

[@leslierivera742]

Thats exactly what i did!!

[@rickbass2off938]

I acutslly put it 0.75 speed cause im new english learner haha

[@akrhhmsgajen9]

excellent video

[@billanderson2487]

I really loved it, hope your video get really famous

[@jerzeyzgirl]

Thank you for this video

[@conniemitc]

May I use this video. I think it is an excellent teaching tool. Thank you in advance.

[@rickbass2off938]

Ur a teacher? Cool

[@danaallen5972]

The best video in my opinion. I love how it really breaks the information down. So good that a 5 year old can understand it. You can't beat that! :)

[@jackbotman]

Very nice, explained alot

[@Jhen_1986]

Hi I love your videos 🙏🏻 thank you

[@etheldazo9771]

thank you, this video is very informative

[@MontasirMariam]

very very good lecture

[@dmarkov]

Thank you!

[@realevents6850]

Wow really good session

[@theMegaNiche1]

If you want o learn even more, we have over 40 lessons in quickbooks including the latest 2013

[@zonkebellamkhomazi2977]

Please suggest a simple accounting book keeping application I can use please

[@coinh7313]

Thank You

[@alexaa4494]

this is nice, I have a little idea what that debit and credit for my Coming buisness i cant used this perfectly ,thanks for sharing

[@sirima14]

Very good

[@Abdulrahman65440]

Thank you

[@phillarragoite709]

good job thx

[@luaraj103]

thank a lot :>

[@caseyglenar7268]

I need to run a program that tracks 3 businesses (self employment) BnB, reselling, and home day care for live in client. Is it possible or do I need 3 different programs?

[@tswanaqueen2552]

very helpul

[@maribelsolis6522]

thanks

[@anafadavidmudi6323]

hope this will help me understand how to apply book keeping to my small business

[@marieolds8296]

How to start the when come out of school than start bunisness

[@rodineblair2584]

your video is way better... gosh these people assume we know all those terms

[@gamalhussien1818]

realy wooo vvv good you excllent

[@GamerTalk8]

I own a silk screen and ink but no shirts, so i need to buy shirts thats a liability + what my business is worth wtf is that lol how do i turn my business into three catagories?

[@LohTek]

Buying shirts would be an expense called "Cost of goods sold" or COGS

[@tabula_rosa]

7:23 gives a good answer to that question. "What the business is worth to me" is how much money you invested in the business to get it open, subtracted from how much unspent profit you've accrued since it opened

[@aristechiuskarumuna2245]

why is income separated from assets, while accounts receivable is included in assets ?

[@auteckleong2789]

its the accounting nature,it has an explanation. can try google it out

[@jooooooeee]

Aristechius Karumuna Cash account is on the assets side, which increases when you credit to revenue.

[@mellyarvelo6906]

Income isn't separated from assets. When income is received in the form of payment the cash account increases which is part of current assets on the balance sheet. If a sale occurs on account then the AR account increase since the money is owed to the owner by law from having provided the service or rendered the good. In both these instances the sales revenue account also increases or credited since sales will at the end of the accounting period will be moved to the owners equity side of the balance sheet, being that the sale belongs to the owner. Hope that helps.

[@reks724]

Boring as fuck, extremely helpful and concise

[@Iris-vo3lw]

Hello

[@commitmenttoexcellence]

this video is way too fast. I suggest slowing down video to .75

[@alfamohammedabdullahi518]

engrossing video

[@rickswineberg]

Kindergarten accounting

[@ohwadup]

background looks like dog poo.

[@bulatog380]

it's really informative for startups. nice vid

[@MrKRAMANA]

excellent video

[@youtubesuckss7058]

Thank you

[@CS-hy6es]

thanks