FA22 - Accounts Receivable Explained
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- Опубликовано: 8 фев 2025
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Module 5 examines receivables. We learn about the allowance for doubtful accounts and writing off bad debts. We learn two allowance methods: the percentage of sales method (income statement method) and the aging of receivables method (balance sheet method).
Accounts receivable? More like an "educational value that is unbelievable!" Thanks again for all of these wonderful videos Tony.
This guy is a legend should have 1,000,000 Likes minimum.
Agree 💯
Doing AR at my job.
This helps me understand so much thank you 😊😊
If a bad customer doesn't pay, cuss 'em out on the phone, tell 'em you're taking legal actions, give 'em HELL!
You are the best really the best tutor.
you're the best Tony !! please continue providing us such a great video's
Thank you for explaining Accounts Receivable.
Very Good.
Human rights
ya love to see Mr. Tony
Excellent presentation brother ❤❤❤
You’re the best.
Good introduction.
Amazing Tony
We had a customer who moved to Japan. They paid from Japan😂😂😂😂
Perfect!
Very good
Keep it up Tony :)
Thank u so much sir
thanks
Super Like!!
I want to know when you speak of receivable, what are the account we're speaking about
What are those accounts that are affected.
@@cynthiagusine1253customers accounts. These accounts are there so you can check on each customers account receivables.
Does anyone know if there is a way to pay for the full access to the course videos instead of the monthly payment?
Thanks
Japan has loan sharks😂😂 I would make a deal with one to collect for me😂😂
lol
as the wise man once said
never gonna give u up
never gonna let u down
What is, the reserve?
In this context, it's the allowance for doubtful accounts. You are preparing for the fact that you won't get paid in the future and setting up an account in preparation for these expected future bad debts. A more technically correct word for it is a "provision"....
@ oh yes thank you for the response lol, I was answering the last part as if we were in jeopardy. I work in accounting specifically calculating risk management for us, I enjoy watching your videos!
Then the next step is change business to require payment up front prior to providing service. LOL
Can I Dr Rev and Cr A/R?
No, you've EARNED the REV
11 minutes and didn't explain the process...talk, talk, talk. Not wasting my time again with one of your videos.
I thought Tony gave a decent description of why the topic was important and set the stage for the other videos in this module. Also, he did explain that you can't just debit a bad debt expense, and that you have to take a guess for this number within the same month. All-in-all, including the humor (which I personally enjoy), I think this was a pretty good use of 11 minutes.
wtf is wrong with u. Don't ever dare to underestimate and insult the TonyGoat.
Imagine blaming the best teacher ever for being dumb lol #Wasted
@@JoaquinP-ph9ek you must be his buddy.
@@coolpolarbear6249 mmkay, you related or just friends?