The ACCOUNTING BASICS for BEGINNERS

Accounting is the process of recording, organizing, understanding, reporting on, and analyzing financial information of a business. The accounting process can be broken into three core parts:
1. Recording all transactions
2. Reporting with key financial statements
3. Analyzing the data

⏱️TIMESTAMPS
00:00 - Intro
01:13 - What is Accounting?
03:13 - Step 1 of the Accounting Process
04:57 - Step 2 of the Accounting Process
07:40 - Step 3 of the Accounting Process
08:18 - Accounting Process Example
10:04 - Outro

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

[dagwould]

Every school student should have this type of input. Essential to understanding how money works...I mean how it works for business and earning it.

[lo_fadess]

I need more of this in my life. I’m a hairstylist and cosmetology school barely talked about anything like this

[kwanholloway]

I once attempted to take a bookkeeping course in 2017.
I ended up going through a breakup and didn't complete the course but this definitely inspires me to go back and try to complete it

[vancitygurl]

Thank you for breaking this down in simple form. I gotta take this test at work and this helped with the basics. So thank you for that

[josephmoore]

This was an amazing video. Thanks so much!! You broke this down so well!

[ayow]

Besides being an accounting expert, you’re also a great teacher. Thank you, I learned a lot!

[istiakahmed]

One Of The Greatest Chanal In You tube.

[davidvitatoe]

Have been looking to freshen up a bit on some concepts. This is by far the best channel and set of videos I've seen. Thank you!

[gagefraedrich]

Absolutely aweseome video! The quality and the content were outstanding. Thank you for the info💪💪

[liam]

thanks for making this video, i been really hard to choose the subject for IGCSE and didn't really know what's the accounting, now i know :)

[williamharrison]

I watched another accounting basics video and this one is explained much better

[optimusprime]

Thank you for breaking it down and giving clear easy explanations. Can you explain how to journalized and debit and credits.

[stanley]

Thanks so much. This channel is the best.

[Bombazi]

very helpful video and learned a lot...

[DanAsanteAsare]

Really good stuff. Really beautiful educational video

[christineliberty]

Fantastic! Wish you were my accounting professor. Thank you for this video.

[vivianshellmire]

Great job explaining accounting to non accountants.

[jerrythewizdube]

Such a helpful video, thanks a lot, SUBBED.

[marissacruzat]

Nice Video.

What is the best to register my bookkeeping business? I am still confused. I am here in Canada

[nwankwoujunwa]

I want you to do a video on financial statement for the year ended