Basic Excel Accounting System

Note: you cannot directly edit the google file but you should be able to save it and then edit it.

[Agentxile]

I've looked at a lot of bookkeeping and accounting videos and your presentation was the best one period. I worked in various accounting departments in my career, but I never contributed to the entire process start to finish. I completely understand now. Thanks!

[TheActorMichaelParagon]

Just WOW!!! I wish I'd found this 3 years ago when I began my company vs. now as I'm organizing a 2nd! GREAT information! Well presented and concise. Thank you!!!

[brynnmatthews]

Love this!! I'm just starting up a bookkeeping business (for small businesses) and this is great information. I'm still working on putting my systems in place so thank you-great content!

[milangeorge]

much needed. thankyou accounting outside ✨

[jonathanaleman]

Incredible information! Please keep posting guides, tips, and maybe some insight on accounting for small family businesses

[beebclark]

Wow, thank you so much. This is totally doable. You've given me inspiration!

[magmaticly]

Very helpful! Exactly what I was looking for. Thanks a lot!

[marksmith]

This was so life changing Thank you soo much!

[linnypareto]

Thank you for the help and sharing of your knowledge

[vig]

at the 6 minute mark, how come it's -50 for sales? I don't get it. why is it negative? I get that it has to balance out to zero. I just don't understand why sales has to be a negative number.

[nzabeen]

very helpful. i will do this. i dont have to buy the software bow, for small business.

[TerryGrier]

One more Q: Cash could be your checking account (assuming I am using a Cash method) and if I use a Business Credit Card (in the LLC names) - can I just add "CC" next to the CASH line and make entries there too >?

[TerryGrier]

I do not understand the Closing Entry of -41 .. and Sales being 140 .. where did the 41 come from?

[drealexatos]

Followed the accounting but got confused with Excel formulas, learning both for the first time. Late, unfortunately.

[petertenay]

I somewhat get why revenue is an equity account, but y is expenses an equity account?

[float]

Great video, thanks. Question: If Jones pays $50 then I'm assuming it would go in the cash column with a corresponding debit in the accounts receivable column, but we have also recorded a debit in the sales column attributable to Jones to offset the accounts receivable on 4/20/20. How do we handle the debit of $50 from the sales column?

[hendali]

Thank you so much that is very helpful

[_eman]

Why is the receivables minus if you received it?

[julibethap]

Helpful. Do you have any excel ready to download for a small bakery shop just to track the sales, expenses and a trial balance

[tracymedia]

While I found the video helpful, I am still confused. Is there an email where I can send my questions?