Splendid video! Am also a teacher of Accounting. The only thing I might suggest should you update this video, is to include the PR (Posting Reference) columns in the Journal and Ledger. Or whatever version of Journal Reference is used. The last steps in posting should be entering the PAGE number of the General Journal in the PR column of the GL and then the ACCOUNT NUMBER posted to is written in the PR column in the General Journal (rather than just "checking it off"). The idea is that anyone can look at a posting in the GL and know what page number in the GJ to look at to examine the transaction OR what account a particular line was posted to. LOVE THIS!! Thank you.
You made this look so easy and it was 'common sense' understanding, which I know unfortunately isn't 'common sense' anymore but if only the textbook or instructor provided materials were as clear as you. ahhhh Thanks so much!
AHHHH thank you!!!!! I've been in a pinch trying to understand General Journal/General Ledger/Trial Balance and this finally got me to where I needed to be.
Awesome video! If I had this channel when I was in college I might have stayed with accounting! It was SO hard for me to get this stuff lol. I went with finance over accounting (don’t regret it though 😁). Love the way you showed this info too! ✅
I don't really know why we are so focused at accounting rn..I mean, I'm still a high school student and I have no interest in accounting but this did help though...better than my teacher's thankssss
Take business courses as electives... seriously! How are you going to get clients? How are you going to bill clients? How are you going to know if the business you want to work with is stable?
@@BrandyDudas Well, just because I don't really like accounting it dosen't mean that I won't study it.I'm not that immature. I can adjust. I mean, you don't have to like Calculus but you will need to excel at it to pass your course. I'm not sure if you get the previous sentence but yeah hahaha..Plus, who knows, I might like it in the future. I used to hate skincare and thought that it was too feminine( I'm a male ) but I now have a 7 step skincare routine hahahaha.. Thank you for the responses though. I highly appreciate it
Knowing at least something about accounting and how it works will also turn into helpful life-lessons to apply in the real world! I think every kid in high school should learn the fundamentals of personal finance. Maybe so many folks wouldn't be in such big money troubles these days if they understood a little bit about how the money works :)
Thanks so much my teacher never explains anything too us properly and we all sit there watching videos and yours are the best so thanks for this amazing before exams
Ok, this was an excellent help for me. You need to monetize your page. Every time I watch a video that helps me, I am willing to donate 1 to 2 dollars to thank you for your effort in helping me out. I was in the middle of doing my final assignment and didn't know how to post anything in the general ledger in Excel. I will subscribe and like this video, to say thank you.
So I'll be honest, before I find your video I'm literally crying because I feel like it's so simple but I'm afraid to do it because it looks so hard, I'm a student btw. I'm just thankful that I finally find it
THANK YOU! I wasn't sure about the ledger at all until now :D My professor is strict plus hard to understand so is for every other student in my class. P.s I have a test in next two days xD
hey there :) i just wanna say thank you, iam going to report on how to post the ledger but idk how to do it, my brain cannot handle it but when i search on yt i found these, very helpful. You deserve a sub!!
Hi. I love your teaching style. Is there anywhere I can go to see you do one business through the whole accounting cycle? You switched from Fizbo's to Jacob's Trekking. Thank you so much.
my class teaches that in the "description" part you write what the account you are debiting or crediting in relation to the amount. For instances, when you are recording 5,000 for the car ledger, in the description, you put "accounts payable" and in the accounts payable description for the same amount, you put "car". Is there a specific reason you didn't do this? or is it just not common practice? It just seems like it would be unclear when you are looking through your accounts payable, if you want to track down where that money went, you'd have to manually go through all the accounts to match up dates and transactions, unless I'm missing something.
I TOTALLY agree! Most businesses do this automatically. I have had a couple of clients who did their entire bookkeeping cycle by hand with those big green books 😳 it was a nightmare to look at 😬
Hi Brandy, how about journals vs subledger vs financial report in comparison with images and samples? By the way, your videos are informative and interesting.
Mam !! I have a question & I am looking for your kind reply 😃 How to identify whether the thing is perchased on cash or credit if it is not mentioned in it ? FOR EXAMPLE : Perchased furniture for office 50$ .
In your book it should say. For transactions on account it should say ‘on account’ or ‘on credit’ or give payment terms (eg. 2/10, n/30). Otherwise I would usually assume it’s cash. Instructors aren’t perfect - sometimes I forget to specify how the item is being purchased so if it’s not clear, ask 😃
@@BrandyDudas In my book in some statements it is not mention so there some time word "bought" is used and somewhere "Perchased". So where the word "bought" is used there in details of a entry they have said that bought on credit and where the word purchased ,there it is cash purchasing .
This is a great video. Question though: if I had a mortgage payment come out on a Friday, yet it was received on a Monday, how does one enter this? Both debit and credit would have different dates
Do the debits and credits of the general journal match with the total balance of debit and credit in the general ledger? Thx, i've been doing my work and looked over it many times and I keep getting a different answer from the general journal than the general ledger.
It depends which totals you at are looking at... let’s say you have a journal entry that says Debit cash 100, credit cash 100. Total debits and credits in the journal are 100 each. When you bring it over to the ledger, the cash account will show total debits of 100, total credits of 100 but the overall total in the account would be zero. Does that make sense?
2:58 You could more easily explain this as saying that debits subtract from the balance while credits add and that a negative balance is a debit and a positive one is a credit balance
TopKevessi You subtract it. It can be a credit/debit depending on which amount is higher. If the credit side is higher, therefore the answer is credit. If the debit side is higher, therefore the answer is a debit. All you have to do now is to evaluate whether the answer (debit/credit balance) is the normal balance of that account.
Are you a student or an entrepreneur?! Tell me in the comments!
I'm a student and I look suck in school :(
Yessss
I'm finally understanding even though 15 1
Hi how i can ledger a sold stock for cash of 76000
Both
So much better than my University's teacher. Thank you!
They teach about this in your school?
What university do u go to... This is the basics which u were suppose to learn in high school
I'm with you lol
Why are RUclips videos always better than University’s lecturers
It’s visual for visual learners
I didnt listen to my teacher when she was teaching this,glad i was able to see this kind of video. Thanks a lot :))
Splendid video! Am also a teacher of Accounting. The only thing I might suggest should you update this video, is to include the PR (Posting Reference) columns in the Journal and Ledger.
Or whatever version of Journal Reference is used.
The last steps in posting should be entering the PAGE number of the General Journal in the PR column of the GL and then the ACCOUNT NUMBER posted to is written in the PR column in the General Journal (rather than just "checking it off").
The idea is that anyone can look at a posting in the GL and know what page number in the GJ to look at to examine the transaction OR what account a particular line was posted to.
LOVE THIS!! Thank you.
Why am I doing this in middle school when y’all in university
FACTS XDDDDD
Im in second year (8th grade i think) and we doung this 🙄
You go to a good school
Sameeeeee😐
You made this look so easy and it was 'common sense' understanding, which I know unfortunately isn't 'common sense' anymore but if only the textbook or instructor provided materials were as clear as you. ahhhh Thanks so much!
You have simply mastered a way to simplify things. Good job.
Your comment made my 2021. 💖💖
This was so confusing until I watched your video, you explain it in such a simple way. Amazing!!!
Thank you for such a sweet comment Nifae!
AHHHH thank you!!!!! I've been in a pinch trying to understand General Journal/General Ledger/Trial Balance and this finally got me to where I needed to be.
I always get absent and miss a lot of lessons. RUclips is my savior
Awesome video! If I had this channel when I was in college I might have stayed with accounting! It was SO hard for me to get this stuff lol. I went with finance over accounting (don’t regret it though 😁).
Love the way you showed this info too! ✅
Finance is awesome too! And honestly we need to know both, right!?
Good job!!! Very simple and easy to understand. I am a student tryng to master all these basic stuff.
Omg Thank-you SO much!!
It's example is so much easier than my online learning provider shows!
So clear thank-you again!!
I don't really know why we are so focused at accounting rn..I mean, I'm still a high school student and I have no interest in accounting but this did help though...better than my teacher's thankssss
What do you want to do with your career after you graduate?
@@BrandyDudas I'm thinking of taking psychology lol..but I do find your videos to be very helpful hahaha
Take business courses as electives... seriously! How are you going to get clients? How are you going to bill clients? How are you going to know if the business you want to work with is stable?
@@BrandyDudas Well, just because I don't really like accounting it dosen't mean that I won't study it.I'm not that immature. I can adjust. I mean, you don't have to like Calculus but you will need to excel at it to pass your course. I'm not sure if you get the previous sentence but yeah hahaha..Plus, who knows, I might like it in the future. I used to hate skincare and thought that it was too feminine( I'm a male ) but I now have a 7 step skincare routine hahahaha.. Thank you for the responses though. I highly appreciate it
Knowing at least something about accounting and how it works will also turn into helpful life-lessons to apply in the real world! I think every kid in high school should learn the fundamentals of personal finance. Maybe so many folks wouldn't be in such big money troubles these days if they understood a little bit about how the money works :)
I am a student...it's been hard doing virtual classes. Thank-you so much for the videos
It's hard for instructors too - we miss seeing you in person
Thanks so much my teacher never explains anything too us properly and we all sit there watching videos and yours are the best so thanks for this amazing before exams
You are too sweet - I hope you do well on your exams!
Tomorrow is my deadline to pass all my school works and this video just saved me. Thank you so much 🥰
I’m so happy it helped! Good luck on your course
Wow in just a snap now i understand how to post in gen. ledger. U r great teacher.
literally thank u so much I was on the verge of crying I had no idea what I was doing
Thank you so much!!!! This visual aid helped me understand a part of my assignment! I understand better with visual aids. :)
we're making business plan right now, and this helps alot. thank you so much 🥰
Ok, this was an excellent help for me. You need to monetize your page. Every time I watch a video that helps me, I am willing to donate 1 to 2 dollars to thank you for your effort in helping me out. I was in the middle of doing my final assignment and didn't know how to post anything in the general ledger in Excel. I will subscribe and like this video, to say thank you.
Better than my professor. THANK YOU!!!
You literally saved my college assignment with this!
I hope you aced it!
You are so helpful, thank you, way better than my accounts professor.
So I'll be honest, before I find your video I'm literally crying because I feel like it's so simple but I'm afraid to do it because it looks so hard, I'm a student btw. I'm just thankful that I finally find it
I just want to give you a hug Lauren. You can totally do this! Take it one tiny step at a time 💖💖
Better than paying attention in class, simple min video
Thank you very much is the first video explain the ledger entry in simple and perfect way
Perfectly and clearly explained! Blessings to you Brandy :)
You are welcome! Are you a student or an entrepreneur?!
@@BrandyDudas A Business Management student. I also help my father run his business.
Wow now I can get and ‘A’ for my exam thank you so much this is the only video I could understand thank you so much
Good luck on your exam! ~Brandy
Thanks very much excellent lecture,I hope you will make video future.
Omg u taught me better than my accounting teacher
Our instructors these days can’t teach accounting right. This was very easy to follow.
I am a teacher ;)
THANK YOU! I wasn't sure about the ledger at all until now :D
My professor is strict plus hard to understand so is for every other student in my class.
P.s I have a test in next two days xD
I could listen to you speak all day. 😅you have a soothing voice if that makes sense 😂
hey there :) i just wanna say thank you, iam going to report on how to post the ledger but idk how to do it, my brain cannot handle it but when i search on yt i found these, very helpful. You deserve a sub!!
First time on ur channel and I am really relieved.. tnx u teach really good 👍👍
Hi. I love your teaching style. Is there anywhere I can go to see you do one business through the whole accounting cycle? You switched from Fizbo's to Jacob's Trekking. Thank you so much.
I love the simple and well explained, thanks!
awesome video! thank you!!! subscribed!!!
my class teaches that in the "description" part you write what the account you are debiting or crediting in relation to the amount. For instances, when you are recording 5,000 for the car ledger, in the description, you put "accounts payable" and in the accounts payable description for the same amount, you put "car". Is there a specific reason you didn't do this? or is it just not common practice? It just seems like it would be unclear when you are looking through your accounts payable, if you want to track down where that money went, you'd have to manually go through all the accounts to match up dates and transactions, unless I'm missing something.
You are correct. I think the author left it out to save time.
yes. we write the names of accounts in the description part. I am not sure why she left that part out.
Your class is absolutely right. Don't worry you are not missing anything
Thank you so much for sharing this, I've been looking for the explanation of why there's a description column for hours. Thank you, really.
Is it actual topic nowadays? QuickBooks generates ledgers automatically
Thank you for the video. Great explanation.
I TOTALLY agree! Most businesses do this automatically. I have had a couple of clients who did their entire bookkeeping cycle by hand with those big green books 😳 it was a nightmare to look at 😬
@@BrandyDudas wow, I feel your pain :)
Hey there, Would you please explain how we post a check after we pay for a invoice?
Thanks
I can't thank you enough❤
This greatly helped, thank you so much! ❤
Well put, thank you!
Please post the link of the previous video
Hi Brandy, how about journals vs subledger vs financial report in comparison with images and samples? By the way, your videos are informative and interesting.
Thank you for your very kind comment! I’m working on a video about how to use Quickbooks Online which I think will cover this for you 😊
Thank u, thank u, THANK YOU!
Thanks very much teacher am a student from university
Thank you so much!!!!!
I am crying while watching this.
Really Helped me, Thanks Mam
what do you out in the "item" column?
Please I am a beginner in bookkeeping how can I become a pro
Mam !! I have a question & I am looking for your kind reply 😃
How to identify whether the thing is perchased on cash or credit if it is not mentioned in it ?
FOR EXAMPLE :
Perchased furniture for office 50$ .
In your book it should say. For transactions on account it should say ‘on account’ or ‘on credit’ or give payment terms (eg. 2/10, n/30). Otherwise I would usually assume it’s cash.
Instructors aren’t perfect - sometimes I forget to specify how the item is being purchased so if it’s not clear, ask 😃
@@BrandyDudas In my book in some statements it is not mention so there some time word "bought" is used and somewhere "Perchased".
So where the word "bought" is used there in details of a entry they have said that bought on credit and where the word purchased ,there it is cash purchasing .
What is the basis for setting up those ledger accounts? Like why is it Cash instead of this or that? Is their a basis?
Thanks this helped alot
This is a great video. Question though: if I had a mortgage payment come out on a Friday, yet it was received on a Monday, how does one enter this? Both debit and credit would have different dates
Do the debits and credits of the general journal match with the total balance of debit and credit in the general ledger? Thx, i've been doing my work and looked over it many times and I keep getting a different answer from the general journal than the general ledger.
It depends which totals you at are looking at... let’s say you have a journal entry that says Debit cash 100, credit cash 100. Total debits and credits in the journal are 100 each. When you bring it over to the ledger, the cash account will show total debits of 100, total credits of 100 but the overall total in the account would be zero. Does that make sense?
Accounting Videos oh i asked my teacher about it. Ty anyways for the reply!
what do I put on the "Item" (a.k.a Particular)?
should I put there what is the transaction?
What about the other sections like the item and jrnl ref
ruclips.net/channel/UCZ3JU7kEeWVUGB4CjYmBdcg
you should post the link for the previos video at the intro of this video, you get even more views :))
Do you know how to make one with percentages in grade 9
Hi mam I'm from Pakistan and I have some questions can I ask to you
2:58 You could more easily explain this as saying that debits subtract from the balance while credits add and that a negative balance is a debit and a positive one is a credit balance
Thanks. God bless you.
Saved me fr bc I didn't understand my teachers
I’ve got tons of vids for you!
is it kind of like t account but is listing down not on both side?
I have no idea 💭why the good teachers are only in RUclips not in school?
what should we put in the "item space"?
I want to know more about General ledger, Can you help me...?
ruclips.net/channel/UCZ3JU7kEeWVUGB4CjYmBdcg
🎉🎉🎉🎉u deserve more❤❤than liking
Hello, so what if the first balance is creditted, and the second is debit, how do we find the total balance
TopKevessi You subtract it. It can be a credit/debit depending on which amount is higher. If the credit side is higher, therefore the answer is credit. If the debit side is higher, therefore the answer is a debit. All you have to do now is to evaluate whether the answer (debit/credit balance) is the normal balance of that account.
About to do an exam
I hope you kicked butt!
accounting exam tomorrow tings
If you put down a deposit on a truck, will the truck be regarded as its own account or???
Thank you so much I ❤️❤️
enjoyed the video.....
Thank you so much
Thank youuuu
thank you!!!!
nice
thank you ma'm
tq for helping
Thank you madam
🤯🤯🤯
Yall are learning this in university...I’m in eighth grade-
So posting is T-accounts???
Posting basically means copying from the journal to either the T-Accounts or to the Ledger. The ledger and T-Accounts represent the same thing.
+Accounting Videos are all the entries needs to be in the balance too? actually, im so confused about that . or only the payables?
Why are these all called accounts? What does account mean in this sense
ruclips.net/channel/UCZ3JU7kEeWVUGB4CjYmBdcg
I wanna post your transactions into my general ledger ;)
THanks
tnx alot
Love your voice!
Jm Ramirez LOL
LOL
LOL
thanks hai
ay asıl benden sana thx hayatımcım
thanku so much!!!!
i love ur voice
waiting for more videos...
I don’t have plans to put out more accounting videos but there are 30 on my channel already you are welcome to watch.
❤️best