Bookkeeping 101: What is it? Why is it Important? How to Get Started

Bookkeeping 101 for Small Business Owners!


Today, I am going to share with you small business bookkeeping tips and tricks to getting your business finances in order!

In this video, I am going to talk about:
1. What is bookkeeping?
2. Why bookkeeping is CRITICAL & NECESSARY in your business?
3. How it works?
4. Tips on getting started and growing your business.

Outline:

Intro: (0:00)
What is Bookkeeping?: (1:37)
Reasons You Need Bookkeeping in Your Business: (2:02)
How It Works?: (3:33)
How to get started?: (5:18)
Recap: (9:50)

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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).

[danielalt]

How to bookkeep: Pay for a business bank account, pay for a bookkeeping program and pay for a bookkeeper to feed in the numbers.

[bdaloki]

Straight to the point and very informative. All of this for free! Wow!

[Angela-pizc]

The BEST introduction to accounting/bookkeeping: clear objective, informative, detailed, complementary graphics, energetic through the wrap-up

[sebastianmunera]

This is probably the best YouTube channel on accounting for small business, I’ve ever seen. Congrats.

[tristanhaile]

Thank you so much for simplifying this! Many other videos make bookkeeping difficult to comprehend.

[rickrasmussen]

Thank you so much Krystal -- am assisting my g-daughter in setting up her new business venture, and coming from an accounting/network admin 25 year work experience, I can truly say your presentation was perfect, precise and very comprehensive in every way -- not only are you an attractive young lady, but highly intelligent -- or as my accountant friend said best upon seeing your video: "this woman has that unique combination of beauty and brains" . . .

[TheOneJPtv]

It's Easy to learn when a Beautiful teacher is teaching you.

[harleyehuffinejr]

I will be sharing this video with everyone in business I know . Thank you for your time.

[bryanramirez]

Wow, the quality and value of this video if incredible.

[_firstmoves]

First video ever that's clear, and simple to understand 🙏

[IversonX]

Thank you, Lyfe Accounting! This is very much informative for a young bookkeeper like me. Love it! ❤️

[valariethomas]

I really appreciate the abundance amount of information you guys share... I recommended your channel to several people...

[shirinsaghaie]

Thank you so much, you're brilliant.

[chicatica]

Thank you for a interesting and easy to understand preview of the Bookkeeping tips. I have found the step by step process certainly is the best way of doing things. Hopefully I will be able to sit and watch another one of your videos in the near future. 😁

[harleyehuffinejr]

The one of the best video every, your team is the best. Thank you very much for your support and help.

[gmckart]

Incredibly helpful to have this high level view

[breew]

I am so impressed with how informative this channel is! I found out about it yesterday and after watching 2 videos I IMMEDIATELY subscribed. 👍🏾 keep up the great work! I love how straight to the point the videos are and how there's a summary at the end. The visuals are so helpful aids as well! You all should have more subscribers in no time!

[lamusiquefanatique]

This video is very well organized. I like the step-by-step explanations.

[tomaitoe]

These videos are so helpful, thank you!!

[sheenaoates]

Excellent video! Thank you for the valuable information!