GENERAL LEDGER: Visual Guide to Posting Journals

In this video you'll find out what the General Ledger means in Accounting. You'll see how ledgers were used in the past and how they have evolved over time. I'll take you through two example transactions and show you how to post them to the General Ledger in two different ways, using Manual Journal Entries and Automatic Journal Entries with Subledgers.

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⏱️TIMESTAMPS
00:00 - Intro
00:08 - General Ledger Definition
00:25 - History of General Ledger
01:19 - Ledger Definition (Old)
01:28 - Types of Ledger (General Ledger vs Subledger)
02:04 - Ledger Definition (New)
02:13 - General Ledger Definition (New)
02:22 - Channel Memberships
02:43 - EXAMPLE 1: MANUAL JOURNAL ENTRIES
05:46 - EXAMPLE 2: AUTOMATIC JOURNAL ENTRIES & SUBLEDGERS
09:03 - Outro

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#accounting #accountingbasics #accountingstuff

[AccountingStuff]

Hey there, it's been a while!! Ledgers confused me for a long time when I started out in accounting. I hope you find this explanation helpful. If you have any suggestions for future vids then please let me know :)

⏱️TIMESTAMPS
00:00 - Intro
00:08 - General Ledger Definition
00:25 - History of General Ledger
01:19 - Ledger Definition (Old)
01:28 - Types of Ledger (General Ledger vs Subledger)
02:04 - Ledger Definition (New)
02:13 - General Ledger Definition (New)
02:22 - Channel Memberships
02:43 - EXAMPLE 1: MANUAL JOURNAL ENTRIES
05:46 - EXAMPLE 2: AUTOMATIC JOURNAL ENTRIES & SUBLEDGERS
09:03 - Outro

[muradmuradov]

A cute girl in my class recommended you thanks to her and You, I managed to pass my exam after failing.Great job keep up the good work man!

[TheOriginalNikkiSerenity]

Thank you so much for the visual. People forget we retain 20% of what we hear and 60% of what we see. I appreciate you

[aysha]

YOU HAVE HELPED ME SO MUCH, please do carry on with advanced accounting stuff✌🏽 I’ve officially understood the diminishing balance, straight line and your visual start helps alot. Thank you

[kwonjihoon]

I feel like I've been enlightened to new learning when it's supposed to be a review for me. I am really thankful that you upload very informative accounting stuff. This is a really big help to me since I am studying accountancy again after 9 years.

[mdh]

8:37 I am a Functional Consultant for an ERP, and I love the way you made it crystal clear how the entries affect the ledgers, sub-ledgers and the GL

[Unlimited]

This is a great channel. Your visuals and graphical transitions added into the videos really help a visual learner like me, understand things much more easily. For example, those graphical transitions from the Journal Entry into the Subledgers and into the General Ledger makes that difference. It compliments your already great explanations. Thanks so much.

Cheers from Canada

[tomstanely]

Oh my god. I finally understand the difference between an account and a ledger, and also a subledger and the general ledger.

The accounting software automates this so much that it's so hard to grasp this. All other videos explain the differences without considering the fact that we use software these days. But I love how you explained it to us, who don't use "books" and instead use software to keep records.

[iliveitup]

Thanks mate. I am doing a MBA and have zero accounting background. These videos are helping me more than any other accounting handbook out there. Cheers!

[joshpampers]

I'm doing a MSc and this is helping lots bro, really appreciate your work. I need to buy you a beer.

[godson]

This clarified the process a lot simpler than in my textbook. I will have to review a few times just so I can encapsulate the process and have no questions. Thank you

[StevesterLi]

I am just soo glad I found your channel. a few videos in and the help is already greater than all other channels combined. You are doing god's work. thank you so much

[qww]

Fantastic video! You make accounting simple. I have learned more from your videos than all the classes I took in college.

[hecgar]

certainly on youtube is where you find the best education, thanks for your help!

[johnathanvanderschyff]

This is the thing I struggled the most with during class because it never really made sense until now.
Thanks for making it easy and simple to understand! I wish that I had searched this before I started Grade 9.

[garethwright]

I'm just starting my AAT Level 2 course from a standing start in regards to accounts knowledge and I'm finding your videos so helpful! I love your teaching style - everything is clear and concise, and I like how you avoid going off on a tangent by recommending other videos if something isn't making sense. What a great revision tool. Thanks so much!

[TheRadRingo]

"And then they had THE PRECIOUS" had to pause for a minute to stop laughing. Great videos James, you have basically taught me financial accounting over 2 years with these videos.

[sadafchowdhury]

I had an exam on general ledger tomorrow! Omg you're a life saver James! Thank you for making these cool videos!

[brandongood]

Definitely should make a video about bad debt! That would be really awesome!

[JS-pmgn]

Thank you soo much for these! I'm watching these videos and understanding sooo much more than I am in my accounting class!