How JOURNAL ENTRIES Work (in Accounting)

Accounting Basics Lesson 4. In this episode of Accounting Basics for Beginners, I explain Journal Entries in full! In this episode of Accounting Stuff - Accounting Basics Lesson 4 - you will learn:

▪ The definition of accounting Journal Entries, as part of Basic Accounting for Beginners.
▪ The most common Journal Entry Format and how Journal Entries are recorded.
▪ How to check that your Journal Entries balance.
▪ I will also take you through the differences between Manual Journals & Automatic Journals.
▪ And... of course, we will talk through two Journal Entry examples.
▪ Journal Entries for Dummies

⏱️TIMESTAMPS
00:00 - Intro
01:15 - Why do we Record Transactions?
02:15 - What are Journal Entries?
02:26 - What does a Journal Entry look like?
03:51 - Manual vs Automatic Journal Entries
04:20 - Journal Entry Example
05:47 - Recap

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#accounting #accountingbasics #accountingstuff

[AccountingStuff]

Hope you found this short intro to Journal Entries useful! If you run a Startup or Small Business, what Accounting Software are you using? I would like to make more videos to help people bookkeep for themselves so any recommendations would be appreciated :)

🔗USEFUL LINKS

⏱TIMESTAMPS
00:00 - Intro
01:15 - Why do we Record Transactions?
02:15 - What are Journal Entries?
02:26 - What does a Journal Entry look like?
03:51 - Manual vs Automatic Journal Entries
04:20 - Journal Entry Example
05:47 - Recap

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