What is a General Ledger? (Recording Nonprofit Transactions)

What is a general ledger? A general ledger is a list of transactions by account. In this lesson, you’ll learn what transactions are, how and when to record them, and how they impact your nonprofit's accounting system.

[alexgrinberg]

Great video, but please remove the music background noise!

[shivamghai]

It’s 7 years old but the explanation and presentation is boom shakalaka. You rock good sir. Kudos!

[StevenCasteelYT]

Very clear to understand and well spoken. Thanks!

[TheVentureaaron]

Good vid, i wish the music was mixed at a lower volume. It makes it hard to concentrate on what you're saying.

[rallyvets]

Great presentation skills. You make this easy to listen to. Well done!

[messididit]

simple, neat, quick and clear. That's it. Thank you so much!

[benja]

Recording Transactions: AKA Book Keeping


in Double Entry Accounting. Each Transaction has a:
A) Debit
B) Credit

The terms mean something different in accounting.
5 types of Accounts:

1. Assets= have
2. Liability =owe
3. Equity=worth
4. Income= Record receiveng money
5. Expenses = Record spending money

[jenniferw]

1:12 lol @ "You're Welcome".

[mv]

I have never done accounting to record anything can you please confirm if I understood the following:

Assets= have
Liability =owe
Equity=worth
Income=receive
Expenses =spend

[syedarmaghan]

Thanks for sharing. Good graphics and helpful presentation.
I appreciate the amount of info you share in short time, which is also why i clicked on the video, yet however, the speed with which are you providing the information is way too quick for beginners to follow. Kindly reduce the speed to very slow, and it will increase the effectiveness of your lecture/speech. Maybe you can make more videos of 5 minutes each, allowing you to attract more traffic/views on your channel, yet being effective to your listener to win them over a long-run by speaking in slow speeds. Just a feedback or positive critique! The reason behind is that it is a learning video and not just Fun-facts or entertainment video. A person requires to process and copy these things in mind while listening.
Once again, thanks for sharing.

[coachinnosanta]

Can Aplos work for nonprofit organizations based outside US?

[mskr]

Hey, i am from India..Is this accounting knowledge given by you useful for me(indian)?

[chopchopsuey]

Why does a receive a donation have a debit from checking?

[SamirKhan-nuyk]

I don't get which ledger you put the transaction in

[aishahennaharts]

Please Switch off the background music as it intervenes with concentration..
Thank you.

[insertfunnyusernamehere]

Couple of tips

1.) Please explain the material WHILE animations are displayed.
People need to SEE what you mean as you do it

2.) The music, trying to learn something is not always best done when it sounds like your in a pet food commercial.

3.) It's important to explain what your talking about as of you were explaining it to an invalid or child. Accounting is a difficult subject and we go to courses to get the shop talk, YouTube is for homework and should be the place to go to get a dumbed down version of the shop talk.

[charleschinzi]

Have to agree... background music is far too loud and you're speaking so quickly I can barely keep up.

[lana]

well done👍👍 but the music is distrurbing 📣

[uroospunyali]

what the hell going on music background noise. I cannot concentrate due to music noise.

[bharathm]

the BGM is irritating, but the explanation was good