Free Online Bookkeeping Course #7 - Double Entry Bookkeeping System

The basics of double entry bookkeeping including simple ways to remember debits and credits.

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[joshmoxey]

I watched so many videos trying to understand this, it clicked when you went through Pearls! Thank you

[pkelly]

I have added this course to my favorites. It makes an excellent basics introduction and review.

[BookkeepingMaster]

No, I just prefer merged cells to extending columns. A habit I picked up a long time ago. Thanks for the comment. Please 'like', subscribe, view more, and check out our website.

[angie]

Thanks so much! After watching this video, it all makes so much sense. All the other reading i have done has been explained in terms that are confusing and i felt i was going in circles. Great video!

[donnatellian]

I have been having so much trouble figuring out when to Debit and when to Credit ! The PEARLS idea will help ! Thanks !!

[jamesoshea]

Great video thanks for taking the time. Could you explain debit and credits in relation of a debit card. I feel i am just not getting the + is debit and - is credit.
If i go to the atm, i put in my debit card, i get money out, that is a + in my pocket but a - in the account.

[farouqkhalil]

Thank you for this. Ive learned more in 9 minutes of this video than compared to classes. Thank you for it educating this in a simple fashion

[trendinglivetv]

I love your tutorial sir.Will stay here to learn more of your amazing tutorials on bookkeeping

[sobrialouw]

Thank you so much im doing Booking keeping and trial balance this video made the introduction to it so much easier

[creatureoflegend]

THANK YOU SO MUCH! I've read numerous tutorials online about this stuff and my brain dies each time. It all seems so confusing, my cognition shuts off immediately upon reading it. This tutorial made it seem super easy.

[dayvid]

what would take ten pages of hard reading was made easy in one short video. nice work

[anooppnithiyanandam]

Good video. Simple way to understand  double entries.

[kevinmonga]

pearls ...thank you for this brillant idea!!

[CalliopePresents]

I still have a few questions, but overall, this helped a lot. It's much more clear to me now than it was before. But one thing my brain is hanging up on is "Why on earth is a deposit into your bank account called a debit and not a credit". That makes no sense to my brain and seems like an arbitrary decision to make the math work for accounting. I'm certain there is an actual reason for it but at the moment, my brain just cannot make sense of it. Also, Is a purchase not an expense? Why are they not the same thing and each get their own letter? Thank you so much for your expertise and teaching in this area! I really appreciate the time you took to make these videos.

[SteveUK]

Is this for accountants to help them make their end of year statements? Do I need to do this for my own small business or can I just keep a general ledger/ journal?

[anon.]

Thank you for your videos! Question : Do you need to record T Accounts if you have a software that records sales and expenses for you?

[zken]

This is where it fully clicked for me. I didnt like memorizing without understanding so pearls and other similar didnt help me. Being able to link everything back to a "bank" or an asset like the control accounts made the most sense to me. Able to logically put it together.

[chhornnita]

Thank you for your sharing Video and knowledge

[miralong]

Undoubtedly these are very good videos but when I got to Part 7, I knew I was doomed, totally lost but am gonna keep going back over and back over and back over and maybe, just maybe it will sink in.  Thank you.

[inafern]

from PEARLS, I see that you have purchase and sales accounts represented here, and you mentioned that an expense account was possible - but why aren´t Bank and Capital accounts reflected in PEARLS? or are they?