bookkeeping 101, bookkeeping overview, basics, and best practices

bookkeeping 101, bookkeeping overview, basics, and best practices

bookkeeping 101, bookkeeping overview, basics, and best practices. bookkeeping 101, bookkeeping overview, basics, and best practices. accountants use the credits and debits recorded in ledgers or “books” prepared by bookkeepers to create a company’s financial statements.

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in this video tutorial, online course, and online class we walk you through the four key steps in the bookkeeping process: analyzing, recording, summarizing transactions, and preparing financial reports. we explain the components of a journal entry (debits and credits) and the essential questions a bookkeeper/accountant asks in reviewing those transactions.

also we explain how accountants translate ledger information into financial statements, and the role of computer programs such as quicken in helping businesses manage their accounts.

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19 thoughts on “bookkeeping 101, bookkeeping overview, basics, and best practices”

  1. This sounds rediculous but im watching this after doing my bcom in finance and accounting, and random aspects of accounting has become so much clearer. I definitely feel this would benefit people that have studied accounting before as there are no actual examples

  2. Lets be totally honest here, a laptop bought with 1k is not worth 1k after opening the box and using or for a day or two, it would instantly lose value on the balance sheet.

  3. I don t mind not having the visual examples- your voice and delivery are both engaging so its easy to just listen and let it play💜

  4. I love this information thank you one suggestion that would really be helpful is there a way that you can put up a whiteboard demonstrating everything that you’re talking about. Please draw us a picture that would help so much!

  5. It kinda works out… without visual illustration, I have to mentally create the illustration myself… thus… forcing me to activity learn by doing… note… I’ve taken an accounting courses before and this is just a refresher… I don’t think a beginner will have a clue to what you’re saying without illustration…. 30:00 left off at 40:00 34:07 left off 48:16

  6. Challiani Pialtu

    Can you explain journal entry with practical .like accounting cycle step by step , I’m ready to pay even if you charge

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