Home
Search results “Bookkeepers record every purchase”
bookkeeping 101, bookkeeping overview, basics, and best practices
 
01:02:06
ookkeeping 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. in this course, 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. we also explain how accountants translate ledger information into financial statements, and the role of computer programs such as quicken in helping businesses manage their accounts.
Accounting Equation - Double entry book keeping(Dual Aspect Concept):- by kauserwise
 
28:02
▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Paypal a/c : www.paypal.me/kauserwisetutorial [Every contribution is helpful] Thanks & All the Best!!! ─────────────────────────── Here is the video about Accounting Equation - Double entry book keeping(Dual Aspect Concept)with solved problem To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 254293 Kauser Wise
How to Setup Your Restaurant Accounts
 
07:51
If your Sales, CoGS (Cost of Goods Sold) and Inventory accounts are not setup properly and match perfectly, your are likely calculating all your numbers wrong including food and beverage costs. To learn more please either watch the video above or click the link below to read the transcript or listen to the podcast on my website. Also, please leave your questions or comments I will answer them all. LEARN MORE ABOUT THE SOFTWARE: http://therestaurantboss.respond.ontraport.net/software-beta-application WATCH THIS VIDEO ON OUR WEBSITE: http://therestaurantboss.com/setup-your-restaurant-accounts/ FREE RESTAURANT TRAINING TIPS: http://TheRestaurantBoss.com MORE FREE RESTAURANT TRAINING TIPS: http://RestaurantProfitandPerformance.com SUBSCRIBE: http://www.youtube.com/subscription_center?add_user=gromfinboss At The Restaurant Boss, I post weekly training tips for restaurants and bar’s. Tips range from food and labor cost, to restaurant specific marketing and management. I welcome you to check it out and sign up for my FREE video training series. LET’S CONNECT! Facebook - http://facebook.com/TheRestaurantBoss Twitter - https://twitter.com/RyanGromfin Instagram - http://instagram.com/ryangromfin MORE GREAT VIDEOS https://www.youtube.com/user/gromfinboss Please be sure to like this video and leave your comments or questions below as well as share this video with your friends, co-workers and other restaurant owners, managers and operators. I promise to respond to every comment or question! Thank you, Ryan Gromfin The Restaurant Boss http://TheRestaurantBoss.com
Views: 37590 The Restaurant Boss
Introduction to accounting [Journal- Ledger & Trial balance] simple method(by kauserwise)
 
27:35
Here is the video about Introduction to accounting. *What is journal and how to pass journal entries. *What is Ledger and how to post ledger. *What is Trial balance and how to do trial balance in accounting everything in simple manner. Hope this will help you to get the subject knowledge at the end. Thanks and All the best. ▓▓░───CONTRIBUTION ─░▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Western Union / MoneyGram [ Name: Kauser, Country: India & Email: [email protected] ] [Every contribution is encouraging US] Thanks & All the Best!!! ──────────────────── To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research * Statistics Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu For Statistics - https://www.youtube.com/playlist?list=PLabr9RWfBcnoJi5snMQQzDGYmb4ydFpTs
Views: 2971991 Kauser Wise
Accounting Entry for Credit Sales
 
02:37
Did you liked this video lecture? Then please check out the complete course related to this lecture, ACCOUNTING BASICS A COMPLETE STUDY with 300+ Lectures, 28+ hours content available at discounted price (only Rs.640)with life time validity and certificate of completion. https://www.udemy.com/fundamentals-of-accounting-a-complete-study/?couponCode=YTBABCS55 ---------------------------------------------------------------------------------------------------------------- Welcome to one of the comprehensive ever course on Accounting Basics. This course starts from “What is Accounting”, “Need for Accounting” to various Practical aspects in Accounting. Enjoy lectures for each and every concept in accounting presented in digital hand written format followed by Solved Case Studies Video. New videos are being added at frequent intervals and this course will be the longest one in Accounting soon. ---------------------------------------------------------------------------------------------------------------- Welcome to Accounting Basics - A Complete Study Course! This is one of the comprehensive course in Fundamentals of Accounting covering theory as well as practice. In this course, you will learn Fundamentals of Accounting, step by step covering the following: Section 1: a) Introduction to Accounting; b) Book Keeping; c) Accounting – Objectives and Process; d) Accounting Cycle; e) Accountancy, Accounting and Book Keeping; f) Users of Accounting Information; g) Branches of Accounting; h) Basic Accounting Terms; i) Basic Assumptions in Accounting; j) Basic Concepts in Accounting; k) Modifying Principles of Accounting; l) Accounting Standards; Section 2: m) Double Entry System in Accounting; n) Accounting Equation; o) Golden Rules of Accounting; Section 3: p) Source Documents; q) Cash Memo; r) Invoice; s) Receipt; t) Debit Note; u) Credit Note; v) Pay in Slip; w) Cheque; x) Vouchers; Section 4: y) Books of Original Entry; z) Journal and Format aa) Steps in Journalising; bb) Journal Illustrations; cc) Compound Journal Entry; Section 5: dd) Ledger; ee) Utility of Ledger; ff) Format of Ledger; gg) Posting; hh) Procedure for Posting; ii) Posting of Compound Journal Entry; jj) Posting the Opening Entry; kk) Balancing an Account; ll) Significance of Balancing; mm) Balancing of Different Accounts; nn) Procedure for Balancing; Section 6 - covering Trial Balance and Final Accounts. This course is structured in self paced learning style. Video lectures are used for delivering the course content. Take this course to create strong foundation in fundamentals of accountancy. • Category: Business What's in the Course? 1. Over 206 lectures and 20 hours of content! 2. Understand need and importance of Accounting 3. Understand Book Keeping, Objectives and Advantages 4. Understand Accounting Process, Accounting Cycle, 5. Understand Users of Accounting Information 6. Understand Branches of Accounting 7. Understand Basic Accounting Terms 8. Understand Accounting Assumptions, Concepts and Principles 9. Understand Rules of Accounting 10. Understand Journal, Ledger, Trial Balance and Final Accounts Preparation Course Requirements: 1. No basic knowledge is required 2. Students can approach this course with fresh mind Who Should Attend? 1. Any one interested in Learning Accountancy 2. Accounting / Finance / Science Students 3. Entrepreneurs
Views: 18716 CARAJACLASSES
Excel Magic Trick 1405: Monthly Totals Report: Sales from Daily Records, Costs from Monthly Records
 
05:26
Download File: http://people.highline.edu/mgirvin/excelisfun.htm See how to calculate Monthly Totals for Sales from Daily Records and Ad Costs from Month Records using SUMIFS and EOMONTH functions. This Granularity mismatch between Month and Day is easy to deal with by using Excel Formulas. 1. (00:10) Introduction. 2. (00:50) Sales Monthly Totals using SUMIFS and EOMONTH functions. 3. (04:25) Ad Cost Monthly Totals using SUMIFS. 4. (05:12) Summary. Granularity mismatch between Month and Day. Monthly Sales & Cost Report: Sales from Daily Records, Costs from Monthly Records
Views: 46446 ExcelIsFun
Business TAX TIPS from my CPA, Why Good Bookkeeping is Important & What to do with Surplus Inventory
 
01:08:23
Its that topic that few people like to talk about, taxes! But with tax season fast approaching, business owners like you need to know the most important information to stay productive. On this episode of The Amazing Seller, Scott invites Josh Bauerle back on the podcast to talk about all the relevant info sellers like you need to be aware of for the upcoming tax season. Together they cover why bookkeeping is so important, when to outsource a bookkeeper, what you can deduct as a business owner, what to do will inventory that won’t sell, what type of business entities to create and when, and so much more! You don’t want to miss a minute of this helpful episode! WHY GOOD BOOKKEEPING IS SO IMPORTANT. Any good builder knows that if you want to have a solid end product, you’ve got to have a quality foundation. That same truth applies to building a business, if you want to succeed, don’t skimp on the basics! On this episode of The Amazing Seller, you’ll hear from CPA Josh Bauerle as he shares the importance of good bookkeeping. According to Josh, part of the process of keeping organized books is having separate accounts for your business. You need to have a bank account that is specifically set aside for your business, not a mixture of business and personal use. That same principle needs to be applied to your use of credit cards too. Get more helpful advice regarding bookkeeping and much more from Josh on this episode! HOW DEDUCTIONS CAN HELP YOU SAVE BIG! Did you know, as a business owner, that you have a wide range of options at your disposal for deducting costs associated with your business? As a business owner who is likely running a large part of your business out of your home, there is a list of ways you can use deductions on everyday categories. For instance, you can deduct up to ten percent of your mortgage payments if you work out of a home office. You can also deduct utilities such as internet service and even travel costs! Learn more about tax deductions on this episode of The Amazing Seller with guest CPA, Josh Bauerle! WHAT YOU CAN DO WITH INVENTORY THAT WON’T SELL. Have you ever been told that you should buy up lots of inventory before the end of the year to use it as a tax write off? Is that sound advice? What should you do with inventory that you can’t seem to sell no matter what you do? On this episode of The Amazing Seller, Scott and his guest, CPA Josh Bauerle go over some helpful options to both scenarios for sellers like you to consider. For the first scenario, Josh says that you can not use the purchase of new inventory as a write off until that inventory has been sold. For the second scenario, Josh says that it is a good idea to consider inventory you can’t sell as “Scrapped Inventory,” this allows you to write off the cost of acquiring that product as long as you document that you’ve disposed of it. FOUR DIFFERENT TYPES OF BUSINESS ENTITIES YOU SHOULD CONSIDER CREATING. As you start building your ecommerce business, you might be left with the question of which business entity you should create. Which option is the best one to select at the stage you find yourself in? On this episode of The Amazing Seller, Josh Bauerle breaks down the four options of business entities you can create and roughly when is the most appropriate time to set them up for your business. The four entities you can create are; Sole Proprietorship or if you have a partner, a General Partnership. Limited Liability Company also known as an LLC. S Corporation. C Corporation. To hear Josh break down each option and when it would be best to consider creating the entity that is the best fit for you, listen to this episode to find out! OUTLINE OF THIS EPISODE OF THE AMAZING SELLER [0:03] Scott’s introduction to this episode of the podcast! [5:00] Why bookkeeping is so important for business success. [12:30] Outsource a bookkeeper. [15:00] What can business owners deduct? [25:00] Can you deduct inventory that hasn’t been sold? [28:00] What is “Scrapped Inventory?” [32:30] The question you should ask yourself when thinking through deductions. [35:30] Josh talks about the different types of entities that you can create. [47:00] How do you know which entity to create? [48:30] When do you have to collect sales tax? [55:00] How you can save money by running your business outside of the US. [58:30] Will the new US tax legislation impact Amazon sellers? [1:04:00] Closing thoughts from Josh. LINKS MENTIONED IN THIS EPISODE http://www.cpaonfire.com http://www.cpaonfire.com/firenation http://www.theamazingseller.com/fetcher http://www.taxjar.com Zero - https://zerofinancial.com/ Quickbooks Online - https://quickbooks.intuit.com/ Wave - https://www.waveapps.com/ GoDaddy Bookkeeping - https://bookkeeping.godaddy.com/ Bench Bookkeeping - https://bench.co/ GET THE FULL TRANSCRIPT HERE: https://theamazingseller.lpages.co/leadbox/143ba5ff3f72a2%3A16f89229ef46dc/5764705775779840/
Views: 726 The Amazing Seller
Bookkeeping
 
02:21
Bookkeeping So what goes on the accounting and bookkeeping departments? What do these people do on a daily basis? Well, one thing they do that's terribly important to everyone working there is Payroll. All the salaries and taxes earned and paid by every employee every pay period have to be recorded. The payroll department has to ensure that the appropriate federal, state and local taxes are being deducted. The pay stub attached to your paycheck records these taxes. They usually include income tax, social security taxes pous employment taxes that have to be paid to federal and state government. Other deductions include personal ones, such as for retirement, vacation, sick pay or medical benefits. It's a critical function. Some companies have their own payroll departments; others outsource it to specialists. The accounting department receives and records any payments or cash received from customers or clients of the business or service. The accounting department has to make sure that the money is sourced accurately and deposited in the appropriate accounts. They also manage where the money goes; how much of it is kept on-hand for areas such as payroll, or how much of it goes out to pay what the company owes its banks, vendors and other obligations. Some should also be invested. The other side of the receivables business is the payables area, or cash disbursements. A company writes a lot of checks during the course of year to pay for purchases, supplies, salaries, taxes, loans and services. The accounting department prepares all these checks and records to whom they were disbursed, how much and for what. Accounting departments also keep track of purchase orders placed for inventory, such as products that will be sold to customers or clients. They also keep track of assets such as a business's property and equipment. This can include the office building, furniture, computers, even the smallest items such as pencils and pens. Keywords : accounting articles,accounting assistant,accounting assistant job description,accounting aid society,accounting apps,accounting analyst,accounting associations,accounting assumptions,accounting abbreviations,accounting accrual,accounting basics,accounting books,accounting big 4,accounting balance sheet,accounting bls,accounting blogs,accounting basics pdf,accounting busy season,accounting business for sale,accounting basis,accounting coach,accounting cycle,accounting careers,accounting certifications,accounting clerk job description,accounting courses,accounting calculator,accounting clerk,accounting connect,accounting career path,accounting degree,accounting degree online,accounting dictionary,accounting definition,accounting debits and credits,accounting degree jobs,accounting description
Views: 168 Mas Rohman
How to record daily sales in QuickBooks Online
 
12:03
Check out the blog post that goes with this video at http://bit.ly/2AFpSJo Free QuickBooks Online training with over 75 step-by-step tutorials and videos. https://bit.ly/2kFnR8Z Do you need help from a QuickBooks Online expert? https://bit.ly/2lCmOqY Join our Facebook community and get the free ultimate toolkit for bookkeepers, accountants, and SMB's. Topics include QBO training & cleanup, pricing, selling & getting clients, workflow, apps, and more. http://bit.ly/2Am1lLQ
Views: 30907 5MinuteBookkeeping.com
How to Create a Daily Expense Record in Microsoft Excel 2007
 
20:06
How to create a Daily Expense Record in Microsoft Excel 2007 with Monthly and Year totals.
Views: 370331 Sean Elliott
Accounting Entry for Credit Purchase
 
02:56
Did you liked this video lecture? Then please check out the complete course related to this lecture, ACCOUNTING BASICS A COMPLETE STUDY with 300+ Lectures, 28+ hours content available at discounted price (only Rs.640)with life time validity and certificate of completion. https://www.udemy.com/fundamentals-of-accounting-a-complete-study/?couponCode=YTBABCS57 ---------------------------------------------------------------------------------------------------------------- Welcome to one of the comprehensive ever course on Accounting Basics. This course starts from “What is Accounting”, “Need for Accounting” to various Practical aspects in Accounting. Enjoy lectures for each and every concept in accounting presented in digital hand written format followed by Solved Case Studies Video. New videos are being added at frequent intervals and this course will be the longest one in Accounting soon. ---------------------------------------------------------------------------------------------------------------- Welcome to Accounting Basics - A Complete Study Course! This is one of the comprehensive course in Fundamentals of Accounting covering theory as well as practice. In this course, you will learn Fundamentals of Accounting, step by step covering the following: Section 1: a) Introduction to Accounting; b) Book Keeping; c) Accounting – Objectives and Process; d) Accounting Cycle; e) Accountancy, Accounting and Book Keeping; f) Users of Accounting Information; g) Branches of Accounting; h) Basic Accounting Terms; i) Basic Assumptions in Accounting; j) Basic Concepts in Accounting; k) Modifying Principles of Accounting; l) Accounting Standards; Section 2: m) Double Entry System in Accounting; n) Accounting Equation; o) Golden Rules of Accounting; Section 3: p) Source Documents; q) Cash Memo; r) Invoice; s) Receipt; t) Debit Note; u) Credit Note; v) Pay in Slip; w) Cheque; x) Vouchers; Section 4: y) Books of Original Entry; z) Journal and Format aa) Steps in Journalising; bb) Journal Illustrations; cc) Compound Journal Entry; Section 5: dd) Ledger; ee) Utility of Ledger; ff) Format of Ledger; gg) Posting; hh) Procedure for Posting; ii) Posting of Compound Journal Entry; jj) Posting the Opening Entry; kk) Balancing an Account; ll) Significance of Balancing; mm) Balancing of Different Accounts; nn) Procedure for Balancing; Section 6 - covering Trial Balance and Final Accounts. This course is structured in self paced learning style. Video lectures are used for delivering the course content. Take this course to create strong foundation in fundamentals of accountancy. • Category: Business What's in the Course? 1. Over 206 lectures and 20 hours of content! 2. Understand need and importance of Accounting 3. Understand Book Keeping, Objectives and Advantages 4. Understand Accounting Process, Accounting Cycle, 5. Understand Users of Accounting Information 6. Understand Branches of Accounting 7. Understand Basic Accounting Terms 8. Understand Accounting Assumptions, Concepts and Principles 9. Understand Rules of Accounting 10. Understand Journal, Ledger, Trial Balance and Final Accounts Preparation Course Requirements: 1. No basic knowledge is required 2. Students can approach this course with fresh mind Who Should Attend? 1. Any one interested in Learning Accountancy 2. Accounting / Finance / Science Students 3. Entrepreneurs
Views: 16184 CARAJACLASSES
What Records Do I Keep As A Self-Employed Person?
 
02:43
An HMRC guide to Keeping Records as a Self Employed Person. Free online help is available from HMRC for businesses. We run live daily one hour help sessions, called Webinars, with time given to let you ask questions. We also have half hour recorded sessions that you can watch ay any time. All you need for access is a name and an email address. Go here to see the times and topics: http://www.hmrc.gov.uk/webinars/index.htm Go here to see what topics are in the recorded library: http://www.hmrc.gov.uk/webinars/pre-recorded.htm HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Why not ask a question or share your experiences on HMRC’s Small Business Forum? You can find it here: https://online.hmrc.gov.uk/webchatprod/community/forums/list.page Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 85829 HMRCgovuk
Real Estate Investing Bookkeeping Mistakes: Flipping Junkie Podcast (episode 95)
 
38:07
Webinar: http://leadpropeller.com/blog/webinarSubscribe to Flipping Junkie at: http://flippingjunkie.com/flipping-ju... Follow on FaceBook: https://www.facebook.com/flippingjunkie/ Become a Flip Pilot: https://flippilot.com/beta-notify Listen on iTunes: https://itunes.apple.com/us/podcast/f... We'll be hosting a webinar about online lead generation once a week! Reserve your free seat to discover the secret to online lead generation at LeadPropeller.com/webinar! Joni YatesJoni has an extensive career in administration working with Fortune 500 companies and small businesses alike. Her career has spanned sectors including retail, automotive, and the legal field. She has been working with Quickbooks for 7 years. Joni has helped several companies start their Quickbooks bookkeeping accounts from the ground up. Joni holds a Bachelor’s degree in Counseling Psychology from Rochester College. Kirk YatesKirk has worked for Fortune 500 companies and run small businesses. His expertise includes sales management, the automotive aftermarket, mortgages, and banking. He first worked with Quickbooks in 2001 and prior to that worked with Peachtree Accounting software. Kirk is skilled in P&L and financial projections. He holds a Bachelor’s degree in Advertising from Bradley University and a MBA from Walsh College. Joni and Kirk live in Rochester Hills, MI with their two children. Together they have owned rental properties and know all too well, the ups and downs of being landlords. Together, Joni and Kirk got in to bookkeeping for real estate investors when Joni did consulting work for Mike Simmons and his partner. When they were looking over the books, Joni and Kirk noticed that there was a hole in market because there aren't many people doing bookkeeping for real estate investors.  The biggest mistakes Joni and Kirk see when it comes to bookkeeping for real estate investors are these: 1. Not keeping track of small transactions 2. Not keeping receipts 3. Not categorizing transactions The reason Joni and Kirk use Quick Books is because it helps keep everything organized for their clients. Quick Books makes it easy to see everything in bookkeeping for real estate investors, so not having any type of system is the worst thing to do for your business. Tracking every single expense will end up costing your business lots of money in the long run. If you're in the need of a good bookkeeper, Joni and Kirk are the way to go. The first step is building up a report for your real estate investing business that's broken down by property so that you know where your money was spent.  "You're not going to send us too much paper," Kirk says, half jokingly. The more a real estate investor can provide for them, the better. 6 or so months down the road of working with Joni and Kirk, there won't be as many questions. The more you two work together, the better their understanding of your business will be, and the more streamline everyone will work together. Because clients want specific reports, Joni and Kirk keep everything categorized and organized. Want to know where your marketing expenses are? They have reports for that! Knowing where your money is going, and what's being spent, will help keep your real estate investing business out of bookkeeping trouble.
Views: 463 FlippingJunkie
Subsidiary Book #1 (Purchase & Purchase return a/c, Sales and Sales return a/c) :-by kauserwise
 
30:19
▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Paypal a/c : www.paypal.me/kauserwisetutorial [Every contribution is helpful] Thanks & All the Best!!! ─────────────────────────── Here is the video about Subsidiary Book , and in this video we discussed Bills receivable, Bills payable and Journal Proper with solved problem in simple manner. Hope this will help you to get the subject knowledge at the end. Thanks and All the best. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 141469 Kauser Wise
Posting Ledger [LEDGER from JOURNAL] with solved problem :-by kauserwise
 
25:02
Here is the video about Posting Ledger - LEDGER from JOURNAL, Simple method with solved problem, Hope this will help you to get the subject knowledge at the end. Thanks and All the best. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu ▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to contribute, * Paytm a/c : 7401428918 [Every contribution is helpful] Thanks & All the Best!!! ───────────────────────────
Views: 696835 Kauser Wise
Single Entry System #1 [Statement of Affairs Method]  With Solved Problem :-by kauserwise
 
15:17
NOTE : There is a total mistake on asset side of calculation of Closing capital(Then the closing Capital will be "76920 - 20000" = 56920) and put the same "56920" as a closing capital when preparing statement of profit or loss. To watch Conversion Method : https://youtu.be/6SbxQEK99Ow ▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Paypal a/c : www.paypal.me/kauserwisetutorial [Every contribution is helpful] Thanks and All the Best!!! ─────────────────────────── [Accounts from Incomplete Records - Single Entry system] In this video we discussed Statement of Affairs Method in single Entry System. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 240487 Kauser Wise
Financial Accounting: Merchandising Operations
 
01:18:57
Introduction to Financial Accounting Merchandising Operations (Chapter 5) February 25th, 2013 by Professor Victoria Chiu The main objectives of this lecture is to describe and illustrate merchandising operations & the two main types of inventory systems. We also aim to master how to account for the purchase & sale of inventory using a perpetual system. How to adjust & close the accounts of a merchandising business, as well as preparing merchandisers' financial statements is covered, as well as using the gross profit percentage & inventory turnover to evaluate the health of a business. The operating cycle consists of the company purchasing inventory from the vendor / supplier, & then collects cash by selling the inventory to a customer. Merchandisers are businesses that sell a product to customers. New accounts that they use (that we didn't already cover) include inventory (a current asset account listed on the balance sheet). Inventory is the merchandise that a company holds for sale to customers. Sales revenue and cost of goods sold (type of expense) are also two new accounts we deal with (listed on the income statement). Sales revenue is the retail price of the inventory sold to the customer & cost of goods sold is the cost (to the company) of the inventory sold to the customer. A perpetual inventory system keeps a running computerized record of inventory (thanks to bar codes). A contemporary perpetual inventory system constantly records units purchased & cost amount, the units sold & sales & cost amounts, & the quantity of inventory on hand & its cost. It also better controls inventory due to the fact the inventory & purchasing systems are integrated with accounts receivable & sales. Despite it being computerized, physical counts do occur once every year to double check that the ending inventory listed is the correct amount (since spoilage, theft, & other factors may result in loss of inventory without a sale). The perpetual system is most popular. Bar cods are used by businesses today to streamline many formerly repetitive & labor intensive processes related to inventory. It is used to record sales & cost of goods sold, as well as to update the inventory count. It also updates purchasing & generates purchase orders (replenishes inventory by communicating with the company's purchasing systems). Under the periodic inventory system, goods are counted periodically to determine quantity. Under this system, businesses physically count their inventories periodically to determine the quantities on hand. It is used by small businesses, restaurants, & small retail stores (that lack optical-scanning cash registers). It is normally used for relatively inexpensive goods. However, it is less popular than the perpetual system due to computerized inventory systems being much easier & more convenient to use. When inventory is purchased, the inventory account ( a current asset) is increased with each purchase. The vendor submits an invoice for payment (the seller's request for payment from the buyer). The invoice contains the seller, the purchaser, the date of purchase / shipment, the credit terms, the total amount due, & the due date. It should be noted that the inventory account is also impacted by shipping costs, returned purchased items, & early payment discounts. The journal entry to purchase inventory is simply a debit to the inventory account & a credit to the accounts payable account for the same amount. If purchased with cash rather than with credit, simply credit cash instead of crediting accounts payable. Purchase discounts involve the customer getting a discount for making an early payment within a given period (determined by the seller). For example, the buyer is legible for a 3% discount if the buyer pays for the goods within 15 days. If the buyer does not pay within 15 days, they are responsible for the full amount (within 30 days). The above example would be denoted 3/15, n/30. EOM stands for end of month. Purchase Returns & allowances are also discussed, as well as transportation & freight costs (FOB destination & shipping point). ------QUICK NAVIGATION------ Video begins with overview of learning objectives Operating Cycle: 3:31 Merchandisers: 6:11 Balance Sheet Diff: 10:18 Income Statement Diff: 10:59 Perpetual Inventory System: 12:59 Bar Codes: 16:19 Periodic Inventory System: 17:35 Purchasing Inventory: 20:03 Journal Entry for Purchase of Inventory: 22:53 Purchase Discounts: 24:46 Payment Within Discount Period: 29:53 Purchase Returns and Allowances: 34:23 Journal Entry for Purchase Returns & Allowances: 37:34 Transportation Costs: 40:22 FOB Shipping Point: 45:20 Purchase Discount - Shipping is Added to Invoice: 46:06 FOB Destination: 49:56 Summary of Purchase Returns & Allowances, Discounts, & Transportation Costs: 52:53 Exercise S5-2 - (Analyzing Purchase Transactions - Perpetual Inventory): 55:50 Midterm Review: 1:04:54
Views: 31608 Rutgers Accounting Web
Exercise 59 | Excel Practice Book | How To Maintain Day Book Account Daily Cash Entry Ms Excel
 
20:49
Click Here To Download Practice File__________ http://zipansion.com/3sBQa Exercise 45 | Excel Practice Book | How To Make Employee Job Allowance In Ms Excel https://youtu.be/c4gNE3PXff8 Exercise 46 | Excel Practice Book | How To Make Calculate Salesman Incentive In Ms Excel https://youtu.be/PprhDaWtyCk Exercise 47 | Excel Practice Book | How To Make Milk Selling Report In Ms Excel https://youtu.be/sDfhDNjsfBk Exercise 48 | Excel Practice Book | How To Make Monthly Report Of Milk Selling Report In Ms Excel https://youtu.be/yJey6Pq1sbE Exercise 49 | Excel Practice Book | How To Make Maintain Stocks Report In Ms Excel https://youtu.be/G3tIQn4RdpI Exercise 50 | Excel Practice Book | How To Make Daily Cash Register In Sales Ms Excel https://youtu.be/E3-u_LsoUrM Exercise 51 | Excel Practice Book | How To Make Property Sales Report Ms Excel https://youtu.be/xZPBNEpEM4o Exercise 52 | Excel Practice Book | How To Calculate Bank Loan Interest Ms Excel https://youtu.be/fXCrK3A_FsE Exercise 53 | Excel Practice Book | How To Make Computerized Invoice Ms Excel https://youtu.be/NEimKwY-DKk Exercise 54 | Excel Practice Book | How To Make Sales Rating Ms Excel https://youtu.be/lZ3bqDzkYl4 Exercise 55 | Excel Practice Book | How To Make Yearly Sales Turn-Over Ms Excel https://youtu.be/c8_xxTr1rXo Exercise 56 | Excel Practice Book | How To Create Basic Data Entry Practice Ms Excel P-01 https://youtu.be/7wipKw_sHkY Exercise 57 | Excel Practice Book | How To Create Basic Data Entry Practice Ms Excel P-02 https://youtu.be/_KE-fJyZt1E Exercise 58 | Excel Practice Book | How To Work In Job Ms Excel | Ms Excel Crash Course Edition For Job Training https://youtu.be/ZsEbMXbN0kI Exercise 59 | Excel Practice Book | How To Maintain Day Book Account Daily Cash Entry Ms Excel https://youtu.be/2FqI3UuPHC0
Views: 202159 New-Tech Online Training
Journal Entry for [24 Transactions] Simple explanations :-by kauserwise
 
52:59
Here is the video about Journal entries for 24 Transactions, with this we discussed 3 Golden Rules, what is Real Account, Personal account and Nominal account, hope this will help you to get the subject knowledge at the end. Thanks and All the best. ▓░─CONTRIBUTION ─░▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 [Every contribution is helpful] Thanks & All the Best!!! ─────────────── To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 1415585 Kauser Wise
Learn accounting and bookkeeping: Training Course 101 by Cheqbook
 
20:25
http://cheqbook.com for a free 30 day trial. Need an Accountant or Bookkeeper's help? Visit: http://cheqbook.com/assistance In this video you will learn why it is important to keep financial records for small or medium businesses. You will learn various accounting terms & their definitions. Including: Double Entry Accounting, Assets, Liabilities, Equity, The Fundamental Accounting Equation, Debits & Credits, Split Transactions, Chart of Accounts, Balance Sheet, Profit & Loss (P&L) Statement, Net Income, Income Statements and much more. The core of this training focuses on the Chart of Accounts and why that becomes important with everything accountants do. This training video is ideal for anyone that would like an introduction into theory, practice & every day practical application of accounting & bookkeeping.
Views: 10418 CheqbookAccounting
Create a Bookkeeping Spreadsheet using Microsoft Excel - Part 1
 
06:40
Part 1 of 6 - Learn how to create a bookkeeping spreadsheet using microsoft excel. In this video I will demonstate how to create a bookkeeping template using microsoft excel. Need help with Sage or other accounting software? Drop us an email at [email protected] Take our Online Sage training course http://www.bpfs-online.com/p/online-sage-training-course.html Bookkeeping Tutorial/Training Learn more at www.bpfs-online.com
Views: 505291 BookkeepingMaster
Computerising your business will give you confidence
 
03:59
sataccounts.co.uk The benefits of Computerizing your business accounting system and will give you an outline of the Sage system The reason for this system is to help you to mechanize your business accounts which will give bunches of points of interest given below. Checking information, entering supplier invoices, posting mistake adjustments, correcting records Invoicing, creating client letters, entering new items, checking correspondence history Review tracks, revising fundamental section mistakes, accommodating account holders and banks Making deals credit notes, preparing buy credit memos, altering stock records Value documents and transactions orders, stock administration Purchase orders, making sales requests, Checking and accommodating the VAT return, creating benefit and misfortune and financial record for administration accounts, checking spending figures versus actuals, completing the year-end technique. Speed – information passage onto the PC with its organized screens and inherent databases of clients and supplier subtle elements and stock records can be completed significantly more rapidly than any manual preparing. Programmed record generation – quick and exact solicitations, credit notes, buy orders, printing articulations and finance archives are all done naturally. Accuracy – there is less space for mistakes as stand out bookkeeping section is required for every exchange as opposed to two (or three) for a manual framework. Up to date data – the bookkeeping records are consequently fixed thus account equalizations (e.g. client records) will dependably be progressive. Accessibility of data – the information is immediately accessible and can be made accessible to various clients in various areas in the meantime. Administration data – reports can be created which will help administration screen and control the business, for instance the matured borrower’s investigation will indicate which client records are late, trial adjust, exchanging and benefit and misfortune record and asset report. VAT return – the programmed making of figures for the consistent /VAT returns. Staff inspiration – the framework will oblige staff to be prepared to utilize new abilities, which can make them feel more persuaded. Click here to visit Sage.co.uk . 1.
Views: 12 MakeMoney FromHome
What Do You Mean By Double Entry System?
 
00:46
Under this system profit and loss account can be prepared easily by taking double entry accounting is based on the fact that every financial transaction has equal opposite effects in at least two different accounts. With accounting may seem like an oxymoron, but we do say that certain types of. This means that every transaction must be recorded in two accounts; One account instead, debitoor helps you maintain a constant overview of your income, double entry bookkeeping and accounting systems are defined, explained illustrated with examples used by most companies contrasted single accounting, system requires below can see the format for cash what do understand. Double entry system? What is the double Double system definition, explanation, advantages investopedia. Double entry accounting defined and explained the balance. Googleusercontent search. Double entry accounting concept explanation and examples. What do you mean by double entry system? Youtube. What is double entry accounting? Basics & examples video. To record earnings of you would need to make two entries a debit entry without applying double concept, accounting records only reflect system is based on the principal that for every entry, there will hi, can please remind me involved when sacco gives out my illustration general guide and not meant professional advice method used by accountants basis equation. Definition of double entry bookkeeping system keeping accounting records if all entries are recorded accurately, the account books will 'balance' because total debit equal credit. Double entry system? What is the double. It is used to satisfy the equation assets liabilities equity, in which each entry recorded maintain relationship pacioli and da vinci did not claim be inventors of double system but they drew practical illustrations support explain text book 2 jan 2017 keeping a method recording business will clearly make you understand meaning bookkeeping, accounting, bookkeeping so named because debit on side (left hand side) general ledger account, credit it by means balance [ ]. Double entry system defined, features & principle explained. Debit there should corresponding credit it means that debit the transaction will be like this deduct. What is double entry accounting system? Definition what do you understand by systemwhat bookkeeping? and meaning mean system of book keeping? Bayt Youtubedouble youtube. Double entry system? What is the double system definition, explanation, advantages investopedia. In accounting, debit and credit are nothing more than directional indicators meaning left right. In double entry system, transactions have dual aspect, every transaction involves therefore, it can be said that the system under which is 27 apr 2017 a definition of accounting, with description large firms must use as it's required by law. The double entry system of accounting or bookkeeping means that every business transaction will involve two accounts (or more). Accountingcoach accou
Views: 18 Xuan Rosser Tipz
How to posting in businesspro accounting software
 
03:03
http://www.businesspro.ml How to posting in businesspro accounting software How to create General Ledger and Trial Balance with Businesspro How to Create Ledger in Businesspro How to Prepare Financial Statements How to Read a Balance Sheet Introduction to the income statement Accounting Basics Example for Recording Debits and Credits Revenue Accounts, Expense The Best Free Accounting Software Available Best Accounting Software simple and easy to use Businesspro Free Accounting Software for Small and Medium Business How To Start Bookkeeping For Small and Medium Business Basic techniques to operate Accounting Software Businesspro Accounting Software Overview Bookkeeping Software Business Management Software Inventory Accounting Software #Businesspro #Easiest #Accounting Software Businesspro easy accounting software to record all kinds of business transactions. Businesspro is complete and systematic inventory control and accounting cycle management system. Businesspro is very simple and easy accounting software for every user. Businesspro can be use without immense knowledge of accounting and computer skills. For the best financial decision making, we require systematic financial data. In this regard I have designed a software in Visual Basic, which provides us clear picture of our Assets, Liabilities, Owner Equity, Revenue, Expenses, Profit and loss in moments. Businesspro also provides us automatically generated the data of financial statements like Trial Balance, Income Statement and Balance Sheet. Businesspro is Best Accounting Software for Small Businesses. Businesspro is user friendly and also designed to update inventory controls and invoices of day to day transactions. For the best business solutions, software is free with unregistered Businesspro while for professionals registered Businesspro is the best solution. Registered Businesspro is available on the payment of $50, Registered Businesspro formats and receipts are designed according to the name of company while unregistered Businesspro does not mention the name of company on the title. Memorandum: unregistered Businesspro is free accounting software before deploy for Commercial or Personal purpose first check it as per your requirement. we appreciate your suggesting improvements and additions to Businesspro, Please feel free to submit any reasonable suggestion to us and Thanks again for your message. Sales managers is required.
Views: 660 Businesspro
Small Business Bookkeeping Deadly Sin #6: Incorrectly Accounting for GST
 
03:27
http://www.cashflow-manager.com.au/Home.aspx The goods and services tax (GST) has been in effect since 1 July 2000, but despite an Australian Tax Office education campaign, many small business owners still struggle to understand what is required of them. The different GST processes such as when to charge GST on sales and when to claim back GST you have paid on purchases. There are many different rules you must follow, but if you have the right tools to help you with the process, you will see that accounting for GST is a breeze. To download a free 30 day trial of Cashflow Manager please click onto our website www.cashflow-manager.com.au
Views: 478 CashflowManager
Accounting Principles, concepts and conventions, GAAP class 11
 
21:35
1. Business Entity Principle This principle assumes that, business and businessman are two separate entities.  All transactions are recorded from the point of view of business and not from the point of view of businessman.  Businessman is treated as creditor of business. 2. Money measurment Principle  Only those transactions are recorded in the books of accounts which can be measured in terms of Money.  Non – monetary transactions are not recorded in the books of accounts.  Strike, efficiency of management , quality of product, loyal employee., affects the business but cannot be measured in terms of money, that’s why they are not recorded in books of accounts. 3. Accounting Period Principle/Periodicity Principle  Life of business is indefinite, so Indefinite life is divided into periodic intervals, each intervals is known as accounting period(normally one year/12 months).  At the end of each accounting period an financial statements (P&L A/c and Balance sheet) are prepared to know the profitability and financial position of the business. 4. Cost concept or Historical cost concept  All business transaction are recorded at their cost price.  All business assets are recorded in books at cost i.e., the price paid to acquire it.  Any increase or decrease in the market price is not considered.  If nothing is paid to acquire an assets the same will not be recorded as an assets. For example : self generated goodwill, favourable location, managerial skills, moral of employee etc. 5. Matching principle  This concept is based on Accounting period concept.  In order to determined profit earned or loss suffered by a business duiring an accounting period, revenue of that period should be match with expenses incurred in that period.  Matching means association of Revenue with Related expenses.  Due to this concept adjustment should be made for like write off, outstanding expenses, prepaid expenses etc. 6. Dual Aspect Principle:  Every business transaction has double effect one is debited and other is credited.  If transaction is debited, the same should be credited with an equal amount.  Assets are always equal to liabilities.  Hence, Accounting Equation according to this principle is:  Assets = Capital + liabilities 7. Realisation principle or Revenue Recognition Principle  Revenue is considered as being earned on the date when goods are sold, wheather money is received or not. For example sales on approval not recorded as revenue until approved by customer. 8. Materiality  Only those transactions should be recorded which are material or relevant for the determination of income of the business. All immaterial or unimportant items should not be recorded.  For example: purchase of stationary is recorded as an expense even if the stationary purchased is an assets. 9. Conservatism  Anticipate no profits but provide for all possible losses.  Be ready to protect the possible losses, but don’t predict the profits.  For example: provision for bad debts.  Provision for depreciation. 10. Going concern concept/continuity concept  Business will continue for a long time.  There is neither the intention nor the necessity to liquidate the business.  Business activities will continue and transactions will be recorded accordingly. 11. consistency  one policy is used year by year, do not change the policy.  If we change the policy, accounts will not clear the financial statements.  If some proved and better method of accounting is made available it can be adopted by business, but not again and again. 12. Full disclosure  all material information should be disclosed. It means nothing should be hidden.  The concept say, “all information of A/c should show to the public not hide anything.” 13. Timliness  Provide all information to the mgmt. in time.  Record the information/transaction According to Date & time.  If information is not supplied in time it will obstruct the quick decision making.
Views: 59802 PRATHAM SINGH
1091. Double Entry System of Accounting
 
06:47
Visit our website www.arinjayacademy.com for Hindi,  Maths, Accounts, CA Final International Tax, Direct Tax at following links  Hindi Class 6 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-हिंदी-व्याकरण-class-6/ Hindi Class 7 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-7/  Hindi Class 8 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-8/ Hindi Class 9 and Class 10 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-10/ Maths Class 3 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-3/ Maths Class 4 Notes, click -  https://www.arinjayacademy.com/maths-class-4/ Maths Class 5 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-5/  Maths Class 6 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-6/  Maths Class 7 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-7/  Maths Class 8 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-8/ Accounts Class 11 Notes, click - https://www.arinjayacademy.com/accounts_class-xi/ Accounts Class 12 Notes, click  -  https://www.arinjayacademy.com/accountancy-class-12/  CA Final International Tax Notes, click -  https://www.arinjayacademy.com/ca-final-elective-paper-6c-international-tax/ Transfer Pricing Notes, click -  https://www.arinjayacademy.com/transfer-pricing/ International Tax Article by Article Notes, Click -  https://www.arinjayacademy.com/international-tax-interpreting-tax-treaty/ Download Arinjay Academy app at : - https://play.google.com/store/apps/details?id=com.arinjayacademy You can access our content at https://www.arinjayacademy.com/learn Practice Accounts Exercise Class XII at - https://www.arinjayacademy.com/learn/Accounts-Class-XII?tab=3 Practice Maths Exercise Class VI at - https://www.arinjayacademy.com/learn/MathsClassVI?tab=3 Practice Maths Exercise Class VII at - https://www.arinjayacademy.com/learn/Maths--Class---7-?tab=3 Practice Hindi Exercise Class VI at - https://www.arinjayacademy.com/learn/Hindi---Class-6--?tab=3 Practice Economics Exercise Class XII at - https://www.arinjayacademy.com/learn/Economics---Class-12?tab=3 DOUBLE ENTRY SYSTEM Under Double Entry System, every economic transaction has two aspects -- one Debit, and the other Credit. At the time of recording of transaction, each transactions aspect are recorded once on debit side, and once on the credit side. For example: - Purchasing machinery, which is an asset of a company, involves two aspects, i.e, Machinery, which is an asset comes in to the business, and hence is debited. At the same time, Cash , which is another asset, is paid to the seller, and hence reduced from business perspective, and is accordingly, credited. Thus, there are two aspects involved in this transaction, i.e. debit and credit, Machinery Account is debited and Cash account is credited. Features of Double Entry System: - 1. Maintains complete records for each transactions; 2. Recognizes that there are two equal aspects of every transaction -- one that are received, and the other, that are paid. 3. Total of Debit side of each transaction should always be equal to total of Credit side. 4. Facilitates, establishing the arithmetical accuracy of all transactions undertaken by the business by preparing trial balance. ADVANTAGES OF DOUBLE ENTRY SYSTEM: 1. Scientific system since it follows rules of recording transaction on two sides; 2. Complete record of transaction: It is complete record as it results in depicting correct income or loss, assets and liabilities. 3. Accuracy of accounts: Accuracy of accounts can be maintained by preparing trial balance. 4. Profit or Loss: By the preparation of Profit and Loss Account, organizations profit or loss can be ascertained. 5. Comparative study possible: Results of current year can be compared with the results of previous years. 6. Helps the management in decision making. DISADVANTAGES OF DOUBLE ENTRY SYSTEM: 1. Complete knowledge of book keeping , which includes knowledge of Principles of Accounting and procedure to follow them. 2. Maintaining all the books is sometimes costly procedure , and time consuming 3. This method is not suitable for small business organizations.
Views: 47362 Arinjay Academy
Single Entry System #2  [Conversion Method using 4 Easy Steps] Solved Problem  :-by kauserwise
 
24:14
▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Paypal a/c : www.paypal.me/kauserwisetutorial [Every contribution is helpful] Thanks & All the Best!!! ─────────────────────────── Video tutorial for Single Entry System - Conversion Method with problem. Statement of affairs method, Credit sales and credit purchases, Total debtors account, Total creditors account, Trading and profit and loss account and Balance Sheet. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 99742 Kauser Wise
Tax Preparation and Bookkeeping Service Sugar Land by Darshi Kasotia
 
00:51
https://www.houstontxcpa.com/ Preparation of tax returns should be done very cautiously for individuals and businesses of all sizes and structures because the taxpayer is responsible for each and every word written on the tax return. The tax preparer should be well versed in his/her work. The tax preparer should be able to provide you with more practical and convenient tips for tax saving. Proper preparation will enable your tax accountant to complete your tax return quickly and easily. Many of the items on your tax preparation checklist depend upon your unique personal and business tax situation. The Tax Preparation Sugar Land checklist include: ● Bring your Social Security card and driver's license. ● Include a copy of last year's state and federal tax returns on your tax preparation checklist. ● Bring all of your 1099 forms. ● Doctor bills, prescriptions, and health insurance paid out-of-pocket. ● Childcare statement ● Gambling winnings and losses ● Profit and loss statement for any rental properties There will be many more items on your tax preparation checklist. Today, in this globalized world, Technology has saturated each and every sphere of our life. Advanced technology and software have made the job of an accountant all the more easy. Bookkeeping means that process in which we can keep a record of finance of the business or organization. Records include sale, purchase, receipt and payment of the organization or of business. Benefits of online accounting are productive, more information, user friendly and mobility. Online Bookkeeping in Sugar Land is something that your tax preparer should be efficient. You can hire a bookkeeper to get rid of the ins and outs of tracking the financial records of your business. Some are willing to take up the challenge. On the basis of financial trends, you can lay down future plans and also take good care of your cash flow. The tax preparer should be able to provide easy-to-implement tax saving tips, and he/she should be adept at online bookkeeping and accounting. Darshi Kasotia is a Licensed Certified Public Accountant in Texas, member of the American Institute of Certified Public Accountants, member of the Texas State Board of Public Accountancy and graduate of University of Houston. Team provide best services for Professional Tax Preparation Sugar Land Businesses and Individuals. ● Payroll Services. ● Bookkeeping services. ● QuickBooks Services ● New Business Formation and Incorporation. ● Tax Planning and consulting. To monitor your finances online through trustworthy and secure connection, try online tax preparation services with Darshi Kasotia. For more information visit: https://www.houstontxcpa.com/
Views: 9 S Kasotia
How to Account for Inventory Costs. Online Ebay & Amazon Reselling Tips & Tricks
 
14:17
How to keep track of your Inventory and costs of goods sold when using eBay and amazon. LIVE TONIGHT!! Q&A #TGIF Friday!! This Friday and EVERY FRIDAY night! get your questions in on comments in ANY video or submit them tonight LIVE!! Thanks for checking out my channel. Make sure to subscribe!! For 1 on 1 coaching Pricing & Availability Email me: Rockstarflipper @Gmail.com JOIN THE FREE FACEBOOK RESELLER GROUP- (questions answered 24/7 from members) https://www.facebook.com/groups/689595301181796/ VIP (paid) Facebook Group- https://www.facebook.com/groups/263997070772761/ *Ebay/Amazon Equipment Photo Lighting Kit- http://amzn.to/2mEdSQq Female Mannequin- http://amzn.to/2uEnCxS Male Mannequin- http://amzn.to/2slaFIw Photo Background- http://amzn.to/2xCBnBD Shipping Tape Gun- http://amzn.to/2s7rc6f Poly Mailers - http://amzn.to/2iVae2t Bubble Mailers - http://amzn.to/2iVcUgt Thermal Printer- http://amzn.to/2mqkhST Ebay/Amazon Scale- http://amzn.to/2hIF2r2 Video Game Cleaner- http://amzn.to/2jD08Iy *Youtube Equipment: Microphone (Blue Yeti Blackout)- http://amzn.to/2sAHTaU Microphone Pop Filter- http://amzn.to/2tKN6NU Logitech Webcam - http://amzn.to/2iZcLc7 Canon G7X II Vlog Camera- http://amzn.to/2ujOgwH Memory Card- http://amzn.to/2xBPDdD Flexi Tripod- http://amzn.to/2xBmuiL Back Up battery canon G7X- http://amzn.to/2wQ1cPG MacBook Pro- http://amzn.to/2xCaUEn (Disclosure, these are amazon affiliate links & I do get paid a small commission if you purchase using them) *My EBAY STORE- https://rover.ebay.com/rover/1/711-53200-19255-0/1?icep_id=114&ipn=icep&toolid=20004&campid=5338069183&mpre=http%3A%2F%2Fstores.ebay.com%2FTheElectronixZone1 *Our personal Vlog Adventure channel- https://www.youtube.com/channel/UCYDfKwFzkHmnTfkHe_G8QcA *FOLLOW ME ON SOCIAL MEDIA: Facebook.com/Rockstarflipper Instagram.com/Rockstarflipper Twitter.com/Rockstarflipper
Views: 11307 RockstarFlipper
Entryless Webinar: Automating Bills, Receipts and Expenses in Cloud Accounting Systems
 
08:15
Imagine that you and your clients could love your bills. With the bill automation that Entryless offers, you can. Entryless launched in 2013 in San Francisco after founder Mike Galarza recognized how much effort and expense businesses poured into receiving and entering supplier bills into cloud accounting systems. Many people don’t realize it, but bills are a great burden on accounting practices and the companies they serve. These organizations spend huge amounts of time manually processing purchase invoices. Every supplier submits bills a little differently, and it falls to the bookkeepers and accountants to process them for payment. Absent automation, someone has to manually record the amount, bill by bill, type in the due date, subtotal, GST, total, invoice number, supplier name, and other key items to create a bill. Then, organizations need a process to make sure that the payment is approved. In many companies, this can be an informal step that consumes a lot of management and administrative time. When the bill is finally paid, it still needs to be updated in the cloud accounting software, yet another manual process. We understand why this experience can be frustrating, but Entryless believes that bills can be lovable. For businesses, the bill automation process can be efficient and provide powerful information to make intelligent decisions. Free of the burden of managing bills, accountants and bookkeepers can become more efficient, scaling their practice, expanding their reach. You will see later on that we have a special edition of Entryless just for accountants and bookkeepers. Entryless can be transformative. The relationship with suppliers improves, cash flow goes up, and the business can make better strategic decisions. Over the last few years, Entryless has proven the vision. We have changed the lives of accountants, bookkeepers, and their business clients. That might sound a bit over the top, but that is precisely how Our users think of it. We want you to no longer be held back from your business goals by a stack of bills. Changing how you deal with bills can transform the business of the accountants, bookkeepers, and their clients Instead of worrying about how you will process bills each month, relax and let Entryless provide fast, accurate, and automated bill processing. Bills and invoices can be pretty chaotic these days. Entryless smooths out the process. Bills arrive at your door in a wide range of formats. Some are digital files and some are paper. They all look different, but Entryless can handle them all. Just post the bill to Entryless via your dedicated email address, the web service, or a photo from the mobile app and Entryless processes the bill. We want you to get an idea of how Entryless can help you, so let’s look at how it processes a bill and fits into your workflow. We are going to upload bills to Entryless via drag and drop from your computer. You can upload single or multiple bills to Entryless directly from your web browser to make uploading bills fast and easy. In the left menu, click Upload Bills. Point to the Drag & Drop Your Files Here! area. We’ve already created an Entryless account for our demo company and synced our cloud accounting package with Entryless, so that we’re ready to upload bills. We’ll start by going to the Upload Bills section of Entryless. You can drag bills from anywhere on your computer to this section of your browser window. Entryless supports bills in PDF, JPEG, and PNG format. Each bill you upload can be up to 10 MB in size, and you can upload as many bills as you like. On your computer, open a Windows Explorer or Finder window and browse to the location of some bills you’re ready to upload. Double-click one of the bills to open it in its native application. Point to the vendor name and total amount and then close the bill. Let’s go find some bills to upload. We’ve got a few bills that are ready for upload. If we take a look at one of them, we can see standard information that appears on all bills, such as the vendor name, amount of the bill, and so on. In Windows Explorer or Finder, click and drag one bill to the Drag & Drop Your Files Here area of Entryless. When the upload is complete, point to the green checkmark. We’ll upload a single bill by clicking it and dragging it to Entryless. Drop it in the drag and drop area and watch it upload. When the green checkmark appears, the upload has been completed. You can also select multiple files and upload a bunch of bills at one time. Don’t pay more settling for less. Choose Entryless. Go ahead: Love your bills.
Views: 122 Entryless
Basics of VAT for KSA | Zoho Books
 
20:10
A new indirect tax called VAT or a Value Added Tax will be brought into effect by the Saudi Arabian government from January 1, 2018, for which, registrations are already open. This potentially brings in a series of new changes to your business operations and bookkeeping. Hence, it's highly recommended for every business owner and accountant to understand the basics of VAT before its introduced.
Views: 2448 Zoho
Zoho Books Entryless Webinar: Automating Bills, Receipts and Expenses in Zoho
 
08:15
Imagine that you and your clients could love your bills. With the bill automation that Entryless offers, you can. Entryless launched in 2013 in San Francisco after founder Mike Galarza recognized how much effort and expense businesses poured into receiving and entering supplier bills into cloud accounting systems. Many people don’t realize it, but bills are a great burden on accounting practices and the companies they serve. These organizations spend huge amounts of time manually processing purchase invoices. Every supplier submits bills a little differently, and it falls to the bookkeepers and accountants to process them for payment. Absent automation, someone has to manually record the amount, bill by bill, type in the due date, subtotal, GST, total, invoice number, supplier name, and other key items to create a bill. Then, organizations need a process to make sure that the payment is approved. In many companies, this can be an informal step that consumes a lot of management and administrative time. When the bill is finally paid, it still needs to be updated in the cloud accounting software, yet another manual process. We understand why this experience can be frustrating, but Entryless believes that bills can be lovable. For businesses, the bill automation process can be efficient and provide powerful information to make intelligent decisions. Free of the burden of managing bills, accountants and bookkeepers can become more efficient, scaling their practice, expanding their reach. You will see later on that we have a special edition of Entryless just for accountants and bookkeepers. Entryless can be transformative. The relationship with suppliers improves, cash flow goes up, and the business can make better strategic decisions. Over the last few years, Entryless has proven the vision. We have changed the lives of accountants, bookkeepers, and their business clients. That might sound a bit over the top, but that is precisely how Our users think of it. We want you to no longer be held back from your business goals by a stack of bills. Changing how you deal with bills can transform the business of the accountants, bookkeepers, and their clients Instead of worrying about how you will process bills each month, relax and let Entryless provide fast, accurate, and automated bill processing. Bills and invoices can be pretty chaotic these days. Entryless smooths out the process. Bills arrive at your door in a wide range of formats. Some are digital files and some are paper. They all look different, but Entryless can handle them all. Just post the bill to Entryless via your dedicated email address, the web service, or a photo from the mobile app and Entryless processes the bill. We want you to get an idea of how Entryless can help you, so let’s look at how it processes a bill and fits into your workflow. We are going to upload bills to Entryless via drag and drop from your computer. You can upload single or multiple bills to Entryless directly from your web browser to make uploading bills fast and easy. In the left menu, click Upload Bills. Point to the Drag & Drop Your Files Here! area. We’ve already created an Entryless account for our demo company and synced our cloud accounting package with Entryless, so that we’re ready to upload bills. We’ll start by going to the Upload Bills section of Entryless. You can drag bills from anywhere on your computer to this section of your browser window. Entryless supports bills in PDF, JPEG, and PNG format. Each bill you upload can be up to 10 MB in size, and you can upload as many bills as you like. On your computer, open a Windows Explorer or Finder window and browse to the location of some bills you’re ready to upload. Double-click one of the bills to open it in its native application. Point to the vendor name and total amount and then close the bill. Let’s go find some bills to upload. We’ve got a few bills that are ready for upload. If we take a look at one of them, we can see standard information that appears on all bills, such as the vendor name, amount of the bill, and so on. In Windows Explorer or Finder, click and drag one bill to the Drag & Drop Your Files Here area of Entryless. When the upload is complete, point to the green checkmark. We’ll upload a single bill by clicking it and dragging it to Entryless. Drop it in the drag and drop area and watch it upload. When the green checkmark appears, the upload has been completed. You can also select multiple files and upload a bunch of bills at one time. Don’t pay more settling for less. Choose Entryless. Go ahead: Love your bills.
Views: 524 Entryless
TRICK to solve BRS(Bank Reconciliation Statement) IN HINDI By JOLLY Coaching
 
28:12
Hello friends , In this video i about solving questions based on Bank reconciliation statement, I am going to tell you the easiest way to solve this questions. So for clear understanding watch this video which may help you to get the detailed understanding of this topic, After watching this video on BRS(BANK RECONCILIATION STATEMENT) you can get your answer to the following questions: In this video we discussed and derived an Introduction to BRS (Bank Reconciliation Statement) with solved problem, and I have uploaded the another video for BRS in 4 different methods with solved problems, hope you will get enough knowledge from these videos. How to solve BRS BANK RECONCILIATION STATEMENT TRICK TO SOLVE BANK RECONCILIATION STATEMENT. QUICK AND EASY WAY TO SOLVE BANK RECONCILIATION STATEMENT. BANK RECONCILIATION STATEMENT IN HINDI. QUESTIONS ON BANK RECONCILIATION STATEMENT. bank reconciliation statement cpt. Thanks. JOLLY Coaching. Bank reconciliation statement Bank reconciliation statement in Hindi Bank reconciliation statement for 11th class 11th class Bank reconciliation statement Bank reconciliation statement in Hindi for 11th class Class 11 abank reconciliation statement Bank statement in Hindi Bank reconciliation statement in accounting How to prepare bank reconciliation statement How to prepare bank reconciliation statement in Hindi Bank reconciliation statement for 11 the class accounting 11 the class accounting bank reconciliation statement Brs for 11th class 11tj class Brs BRS in Hindi In Hindi BRS BANK RECONCILIATION STATEMENT IN HINDI Steps to prepare bank reconciliation statement Steps to prepare bank reconciliation statement in Hindi Bank reconciliation statement in Urdu Balance as per pass book Balance as per bank book Balance as per cash book Negative balance as per pass book Debit balance as per pass book Outstanding balance as per pass book Negative balance as per cash book Negative balance as per cash book in Hindi Credit balance as per pass book Outstanding balance as per cash book Preparing bank reconciliation statement Preparing bank reconciliation statement in Hindi How to prepare bank reconciliation statement Easy way to solve bank reconciliation statement questions Question of bank reconciliation statement Simple method to solve bank reconciliation statement Simple method to prepare bank reconciliation statement Simple method to prepare bank reconciliation statement in Hindi Bank reconciliation statement in Hindi Bank reconciliation statement by kauser wise Bank reconciliation statement by kauaerwise Bank reconciliation statement by gagan Kapoor Bank reconciliation statement by Santosh Bank reconciliation statement by jolly Bank reconciliation statement by jolly coaching
Views: 247389 JOLLY Coaching
Debits and Credits: T Accounts | Intermediate Accounting | CPA Exam FAR | Chp 3 p 2
 
28:43
The accounting information system collects and processes transaction data and then disseminates the financial information to interested parties. To understand the accounting process, one must be aware of the basic terminology employed in the process. The basic terminology includes: event, transaction, account, real accounts, nominal accounts, ledger, journal, posting, trial balance, adjusting entries, financial statements, and closing entries. These terms refer to the various activities that make up the accounting cycle. Debits and Credits 3. Double-entry accounting refers to the process used in recording transactions. The terms debit and credit are used in the accounting process to indicate the effect a transaction has on account balances. The debit side of any account is the left side; the right side is the credit side. Assets and expenses are increased by debits and decreased by credits. Liabilities, stockholders’ equity, and revenues are decreased by debits and increased by credits. 4. In a double-entry system, for every debit there must be a credit and vice-versa. This leads us to the basic accounting equation: Assets = Liabilities + Stockholders’ Equity. The Accounting Cycle 5. The first step in the accounting cycle is analysis of transactions and selected other events. The purpose of this analysis is to determine which events represent transactions that should be recorded. 6. Events can be classified as external or internal. External events are those between an entity and its environment, whereas internal events relate to transactions totally within an entity. Journalizing 7. (L.O. 3) Transactions are initially recorded in a journal, sometimes referred to as the book of original entry. A general journal is merely a chronological listing of transactions expressed in terms of debits and credits to particular accounts. No distinction is made in a general journal concerning the type of transaction involved. In addition to a general journal, specialized journals are used to accumulate transactions possessing common characteristics. Posting 8. The next step in the accounting cycle involves transferring amounts entered in the journal to the general ledger. The ledger is a book that usually contains a separate page for each account. Transferring amounts from a journal to the ledger is called posting. Transactions recorded in a general journal must be posted individually, whereas entries made in specialized journals are generally posted by columnar total. Trial Balance 9. The next step in the accounting cycle is the preparation of a trial balance. A trial balance is a list of accounts and their balances at a given time. An entity may prepare a trial balance at any time in the accounting cycle. A trial balance prepared after posting has been completed serves to check the mechanical accuracy of the posting process and provides a listing of accounts to be used in preparing financial statements. Accounting equation, Debit, credit, assets, liabilities, equity, stockholders’ equity, revenues, expenses, expenses, cost of goods sold, gains, losses, GAAP, SEC, financial accounting, managerial accounting, CPA exam, income statement, balance sheet, statement of retained earnings, accounting,
accounting 101, accounting overview, basics, and best practices
 
01:46:03
accounting 101, accounting overview, basics, and best practices. learn about external financial statements, internal managerial accounting reports, income tax systems and how they interact in business decision-making. in this course, we review the accounting equation, the three primary financial statements, how to use accounting basics to aid decision making, and how income taxes figure into business and personal decisions. this video tutorial includes: what is accounting? working with balance sheets and income statements, determining the costs of products, performing a break-even analysis, determining average and marginal tax rates, and understanding tax deductions and credits.
How to Create and Maintain a Company Records Book
 
03:48
Get a FREE Guide to Form Your Company and Protect Your Assets: https://reference180.com/free-quick-start-guides/ Once you've formed your LLC or corporation you'll need to create and keep entity records. Entity records are those records an LLC or corporation needs to show that it is functioning in the manner required by both the Internal Revenue Service and the state of formation. It substantiates that your company is being run as a separate entity, distinct from its owners. But more importantly, a company records book helps maintain the corporate veil that protects a company's owners from personal liability for company's debts, obligations, and acts. The company records book is an essential tool that tracks and records major decisions, events, and operations. It is where meetings, transactions and decisions are recorded. The book is typically made up of seven sections, each of which contains specific categories of documents. Every formally organized company should create and maintain a company records book, which includes all the documents related to the formation and ongoing compliance transactions of the business as a legally distinct entity. You should keep both physical and virtual copies. The physical copy should be kept in a secure place and be readily accessible for inspection by company members and shareholders and, if audited, the Internal Revenue Service or state revenue department. You can create your own company records book using a three-ring binder and a set of dividers with at least seven tabs. Or, you can purchase a customized company records kit from a legal stationer or document filing service that includes slipcase, forms, pre-printed dividers, and company seal. Either will work just fine. Section One includes the file stamped copy of the charter document, amendments, letters of transmittal, filing fee receipts, and pre-formation agreements. You may also want to have a certified copy of the charter document or a certificate of good standing. Section Two is where you'll keep government registrations and applications. This would include IRS Forms SS-4, 2553, and 8832, state and local business licenses and permits, and registrations with state revenue and employer agencies. Section Three contains the Operating Agreement if you formed an LLC or the Bylaws if you formed a corporation Section Four consists of owner agreements, such as buy-sell, non-compete, and employment agreements. Section Five contains the ownership ledger, which lists the name and address of each owner as well as the number and type of shares or membership units each of them owns. Section Six houses the blank membership or stock certificates along with cancelled certificates. Section Seven is made of every other key company document: leases, employment contracts, annual reports, financial statements, tax returns, and the like. Finally, you'll want a summary sheet listing important contacts, like your attorney, CPA, registered agent, and other professionals that work with you to keep your company operational and in compliance.
Views: 6054 reference180.com
Monthly Treasurer Tasks
 
26:05
What should you make sure you do every month if you're an investment club treasurer? How should you report to your club so everyone stays up to date? This presentation discusses handling and recording member payments, recording stock purchases and sales, recording income, reconciling your records and giving your monthly treasurer's report. It also shows you how you can use bivio AccountSync to do many of these things for you automatically each month! We highly recommend every new investment club treasurer use this information to help them get started. Even experienced treasurers may pick up some new tricks! The information provided in this video is intended for educational purposes only. No investment recommendations or personal tax advice is being given. The information is not intended to replace professional advice. When in doubt, follow the advice of your investment, tax or legal advisers who are familiar with your particular circumstances.
Views: 2046 bivio
SALES TAX WITH QUICKBOOKS - Adjusting Sales Tax
 
07:09
In this learn quickbooks training tutorial, you will learn how to adjust sales tax. This could be for something. like a refund you did not expect or a mistake when setting up or recording sales tax in quickbooks. This video is part of a playlist "Sales tax with QuickBooks "bookkeeping course that will show you how to use every possible sales tax situation in quickbooks that bookkeepers would ever need. You can learn QuickBooks Free at www.worldwidequickbooks.com This is the best and clearest Quickbooks instruction online and the best QuickBooks tutorials to teach yourself QuickBooks.
Views: 1802 worldwidequickbooks
the double entry concept 4
 
37:21
the double entry concept 4. Every transaction has two effects. For example, if someone transacts a purchase of a drink from a local store, he pays cash to the shopkeeper and in return, he gets a bottle of dink. This simple transaction has two effects from the perspective of both, the buyer as well as the seller. The buyer's cash balance would decrease by the amount of the cost of purchase while on the other hand he will acquire a bottle of drink. Conversely, the seller will be one drink short though his cash balance would increase by the price of the drink. Accounting attempts to record both effects of a transaction or event on the entity's financial statements. This is the application of double entry concept. Without applying double entry concept, accounting records would only reflect a partial view of the company's affairs. Imagine if an entity purchased a machine during a year, but the accounting records do not show whether the machine was purchased for cash or on credit. Perhaps the machine was bought in exchange of another machine. Such information can only be gained from accounting records if both effects of a transaction are accounted for. Traditionally, the two effects of an accounting entry are known as Debit (Dr) and Credit (Cr). Accounting system is based on the principal that for every Debit entry, there will always be an equal Credit entry. This is known as the Duality Principal.
Views: 6850 be ngo
Accounting for Beginners | What is Debit & Credit ? Difference Between Debit and Credit | #1
 
13:22
Accounting for Beginners | What is Debit & Credit ? Difference Between Debit and Credit | Debit and Credit are two most common words in finance and accounting In double entry book system, every debit must have a corresponding credit entry. A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry. A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is positioned to the right in an accounting entry. Whenever an accounting transaction is created, at least two accounts are always impacted, with a debit entry being recorded against one account and a credit entry being recorded against the other account. There is no upper limit to the number of accounts involved in a transaction - but the minimum is no less than two accounts. The totals of the debits and credits for any transaction must always equal each other, so that an accounting transaction is always said to be "in balance." If a transaction were not in balance, then it would not be possible to create financial statements. Thus, the use of debits and credits in a two-column transaction recording format is the most essential of all controls over accounting accuracy. There can be considerable confusion about the inherent meaning of a debit or a credit. For example, if you debit a cash account, then this means that the amount of cash on hand increases. However, if you debit an accounts payable account, this means that the amount of accounts payable liability decreases. These differences arise because debits and credits have different impacts across several broad types of accounts, which are: Asset accounts. A debit increases the balance and a credit decreases the balance. Liability accounts. A debit decreases the balance and a credit increases the balance. Facebook : https://www.facebook.com/charteredwisdom/ Email : [email protected]
Views: 136278 Chartered Wisdom
Trial balance in accounting with [ 3 GOLDEN RULES ]  simple tutorial :- by kauserwise
 
38:33
Trial balance in accounting (with 3 GOLDEN RULES) simple tutorial and easy to understand, here we can learn, what is real account, nominal account, personal account, credit... in simple explanation. ▓▓░───CONTRIBUTION ─░▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Western Union / MoneyGram [ Name: Kauser, Country: India & Email: [email protected] ] [Every contribution is encouraging US] Thanks & All the Best!!! ──────────────────── To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: Kauser Wise
How I Track My Sales as a Reseller on Poshmark | Spreadsheet
 
09:10
MORE INFO BELOW, LOVES! As a reseller, it is important to keep track of everything you do because it'll help you in the future. In this video, I show you my personal spreadsheet and how I lay everything out. I use the latest version of Microsoft Excel and personally keep track of the item, what I paid for it, where I sourced it from, days on hand, and the profit I earned. Everyone does everything differently and there is no right or wrong way to do it. Sorry if the audio or camera quality is shitty. Thank you to Shelly Balderama for the video suggestion! Use the code DULCEYPERFECTA to score some cash on your first purchase on the Poshmark app and it'll score me some, too ;) • VIDS MENTIONED mini thrift to resell haul https://www.youtube.com/edit?o=U&video_id=Mg5qzQQO_kc • ALL YOU NEED TO KNOW Instagram / Twitter | @shyleenshawn E-mail | [email protected] Poshmark closet | @dulceyperfecta THANK YOU SO MUCH FOR WATCHING!
Views: 1722 Shyleen Shawn
Tax Matters: Legally Avoid California Sales and Use Tax
 
04:08
At Aero and Marine Tax Professionals we pride ourselves in having a perfect record of success. Every one of our over 1,400 clients has saved thousands or even hundreds of thousands on their aircraft or vessel purchases. Part of our success stems from researching decades of decisions and recommendations by the State of California. From this research and learning every possible way someone could avoid paying sales and and use tax, we created a full-proof checklist. We apply 100% of the points of that checklist to every one of our customers. As a result, there isn’t any way for a client of ours to fail to win their exemption. We immerse ourselves in each case and follow-up until complete, constantly maintaining two-way communication with the client to ensure compliance on all counts. We gather information on an interactive basis and perform all of the documentation in real time. In this manner, we make sure the client is complying with all the steps, and it also avoids any misunderstandings. We prepare a tax return, run it through a series of internal reviews, and then make the submission to the State. Join our team, and let us help you. http://aeromarinetaxpros.com , Tax Matters: Legally Avoid California Sales and Use Tax, California Aircraft Sales Tax, airplane sale, aircraft purchase, aircraft tax, airplane sale, aircraft sales tax, aircraft sale, California sales tax, State Board of Equalization, purchase of aircraft, payment of California sales tax on aircraft
Views: 19008 Thomas Alston
MYOB Acccounting Software (Jim's Bookkeeping)
 
02:55
Technology changes rapidly, and knowing what software is best for your business amongst the many options is not easy. MYOB is the leading accounting software brand and provides a range of solutions to suit businesses of every size. In this video we hear from some Jim's Bookkeepers whose clients use MYOB. ▪ Get in contact with us today! PH: 131 546 WEB: http://www.jimsbookkeeping.com.au/ FACEBOOK: https://www.facebook.com/jims.bookkeeping/ TWITTER: https://twitter.com/jimsbookkeeping
setup supplier in sage, setup supplier in sage 50 Accounts| Setting supplier process|Sachem kenya
 
06:07
Supplier settings - Sage This is where you can enter default settings for your supplier accounts and purchase transactions. Defaults entered here are passed on to each How to set up a new Supplier in Sage Instant Accounts f you enter this information here then it saves you having to enter it every time you enter an invoice received from the Supplier. Click on the Next button and another window will appear that will ask for details about the settlement and payment terms that have been agreed with your Supplier.Ask Sage - Creating supplier records - My Sage Create a new record. Click Suppliers then click the New/edit drop-down and click New. If you're using version 2014 (v20) or below, click Suppliers then click Supplier Record. Enter the details for the record. For further details, please refer to the section Supplier record details. Click Save then click Close. (2) how to setup supplier terms - Sage 50 CA Accounts Payable Customer and supplier statements - Sage One Help If you produce customer statements, you can also email these to your customers and set up monthly statements which are then emailed automatically.Sage 50-Canadian Edition [Simply Accounting] ... How to setup the payroll remittance? From the home window, click on Vendors to bring up the Vendor list.Top 20 Tips and Shortcuts for Sage 50 Accounts Sage 50 accounts is a very popular package used by a lot of small businesses, The same can be done for suppliers by going to settings and supplier defaults!How to set up Payroll Remittance
Views: 163 tutorials download
Small Business Bookkeeping Deadly Sin #5: Not Recording Cash Payments
 
03:17
http://www.cashflow-manager.com.au/Home.aspx Many small business owners pay cash out of their pocket for business expenses while out and about, put the receipt in their pocket, and never see it again. This is all fine and dandy until it comes time to make a record of that expense. This is a problem for small businesses because in order to maintain good financial records, you must keep track of ALL your expenses. Furthermore, poor records equate to thousands of dollars in lost tax deductions. To download a free 30 day trial of Cashflow Manager please click onto our website www.cashflow-manager.com.au
Views: 310 CashflowManager
Free Track real time inventory and manage your daily sales record
 
00:32
Have you enough margin in your product. Don't know, No worry. Just use Dwiin and save up to 5% and more in your menu or items. Manege PO,Track inventory... Free for use Description: DWIIN SOFTWARE ONLY $15.99 A MONTH OR $80.99 FOR A YEAR Fit with any size of business (medium, large or even small), Track inventory in real time with our software. Know your product cost and margin. 1. Track inventory in real time and accurate based on your sell and purchase. 2. Report is very powerful tool that provide by Dwiin is that you can know how much you bought a product from starting and what is it value. 3. Measurement functionality in every product that mean you record your product in pound and can sell by lb,ls. 4. Store your sell record in per customer basis or daily basis or even monthly bases. RESTAURANTS Features:Know your recipe cost and choose that are you enough charge from customer and know that how much margin in every of your recipe VISION: POS is help to sell your menu and record your selling and purchasing GROCERY STORE MISSION: Dwiin fit for Grocery store to keep your purchase and selling record VISION: Now no need to pen or page to keep your record, just use Dwiin we will be care of your data OUR VALUES We are growing company with our satisfied user. Our vision to make, the easier thing for our customer like to maintain their sell and purchase record in their own finger. We listen our user what they want change. Our customer is satisfied. Our software is very easy to understand and operate. Know need to more skill to use this. just register yourself in dwiin try for one month, also we save your data which is you enter into the trial period for long. Whenever you want to use our software just pay per use. Stock tracking system Know your product status in real time Purchase Order Management Manage your purchase order for every product. Capable to send PO to vendor directly Multypule sell record management We offer to store your sell record in daily bases or even monthly bases Simple POS System Dwiin has a simple pos that can be sell your product by customer. We just offer only sell your product, Print your last transaction from POS Fit to any business Our software can fit to any business, we use measurement unit in every product. if you have any type of business you can use Dwiin this will help you to maintain your cost record and product costing. HARD WORK We support our customer.. Contact us and we'll get back to you within 24 hours. Delhi, India [email protected] [email protected]
Views: 334 Dwiin POS
Proof Birth certificate bond, Promissory note? Securities trade
 
10:26
http://dejourhawk.com/services/ read here And this is what they sell on the financial market. I’m going to show you how they do that – how they sell them. Bonds are nothing but IOU’s – bookkeeping entries. I called this brokerage house up – I got myself out of prison – by doing settlement on the account – I settled the account with an international bill of exchange – the one they are putting everybody in prison for. I gave it to the adult parole authority – 200 dollars administrative fee and they cashed it. Closed the account. I haven’t got the bond back, I haven’t found out who has it. I called this brokerage house up. I said I’m looking for a bond – he said do you have the CUSIP number? That’s why when they do a mortgage foreclosure they will not produce the original note – because it is now a draft or order to pay – for what ? You just gave them the money. You created a financial asset. That is what 8-102 subsections 9 of the investment securities. Article 2 and article 8 are the two most important articles in the whole UCC. Nobody reads them. Contract and Investment Securities – Sales. How can you have a secured interest in anything if there is no contract? Your got to buy something in order to have an interest in it- you got to pay for it – got to have a contract – purchase agreement – seller / buyer – article 2 – sales – the most important part of the UCC, and everybody is reading article 3. They got the cart pulling the horse. Notes securities and bonds – that’s all there is and everybody is studying article 9 and article 3. Pull up article 4-102. UCC Article 3-311 ACCORD AND SATISFACTION BY USE OF INSTRUMENT U.S. CONSTITUTION ARTICLE 4 SECTION 1 Each State to Honor all Others. Full Faith and Credit shall be given in each State to the public Acts, Records, and judicial Proceedings of every other State. And the Congress may by general Laws prescribe the Manner in which such Acts, Records and Proceedings shall be proved, and the Effect thereof. Sec. 42a-8-102. Definitions. (a) In this article: (1) “Adverse claim” means a claim that a claimant has a property interest in a financial asset and that it is a violation of the rights of the claimant for another person to hold, transfer or deal with the financial asset. (2) “Bearer form”, as applied to a certificated security, means a form in which the security is payable to the bearer of the security certificate according to its terms but not by reason of an endorsement. (3) “Broker” means a person defined as a broker or dealer under the federal securities laws, but without excluding a bank acting in that capacity. (4) “Certificated security” means a security that is represented by a certificate. (5) “Clearing corporation” means: (A) A person that is registered as a “clearing agency” under the federal securities laws; (B) A federal reserve bank; or (C) Any other person that provides clearance or settlement services with respect to financial assets that would require it to register as a clearing agency under the federal securities laws but for an exclusion or exemption from the registration requirement, if its activities as a clearing corporation, including promulgation of rules, are subject to regulation by a federal or state governmental authority.
Views: 1634 Asef Bey

Uvm admissions essay sample
Custom papers writing service
A sample annotated bibliography in mla format
Creating a cover letter for a resume
Uk passport cover letter