The BOOKKEEPING BASICS for BEGINNERS

Bookkeeping is the recording of past financial data to make future business decisions. In this tutorial, you'll learn what bookkeeping is and I'll show you how to do it for your small business or startup.

⏱️TIMESTAMPS
00:00 - Intro
00:44 - What is Bookkeeping?
01:34 - Step 1 of the Bookkeeping Process
03:02 - Step 2 of the Bookkeeping Process
04:24 - Step 3 of the Bookkeeping Process
05:21 - Step 4 of the Bookkeeping Process
06:42 - Step 5 of the Bookkeeping Process
12:03 - Step 6 of the Bookkeeping Process
13:36 - 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).

[kelsiewarren]

As a bookkeeper and now owner of a bookkeeping firm ... this was PERFECT. Great work!!

[RealtorNewBernNC]

This should be mandatory viewing for all new bookkeeping and accounting students!

[cottagekeeper]

Wish you had this channel five years ago when no one on Youtube explained this the way you just did! THANK YOU!!!!

[liltsummerlin]

Thank you for your slow yet precise explanation of this process. Is really hard to take instruction from people whenever they talk too fast that you can't even grasp what they're saying before they move on so I appreciate that you spoke in a slower manner.

[cloudaround]

Ugh, I’m so bad at this, but this is the turning point. LYFE Accounting, your videos are excellent. Thank you for the LYFEline! 🏆

[melissahope]

Thank you for this video! I am starting a business and my mom is going to school for bookkeeping for me. So I am doing basic bookkeeping until she can take over!

[k-deprice]

Within fourteen minutes you have helped me realize how easy it can be. It is really good you took time and explained this.

[salalivelovejoy]

Thank you for the easy to understand breakdown. The accounting fear and overwhelm is gone 😊

[babystepsgarden]

Just beginning learning bookkeeping for my husband's new business. This is invaluable! God bless you for sharing. I have subscribed.

[rumrunner]

I started a CAD (computer aided drafting company) helping people with remodels of their homes and businesses and it's recently really taken off and I really need to wrap my head around this stuff! Great video!!

[greenspiritarts]

Thank you for making this informative and helpful video. Perfect for anyone who wants to understand the basic terms and principals for operating their business. You did a great job explaining everything without it being overwhelming or overly complicated. The warm and friendly vibe, steady pace and clear graphics helps newbies feel empowered! Great job, thank you!!!

[kennyg.]

This is a great video. You did well at providing a synopsis of bookkeeping basics. Succinct yet incredibly informative!

[Sara..]

I have been looking for a video like yours for month’s since English is not my first language your explanation was excellent. Thank you!

[rayoline]

Thank you! I love the way you explain everything!

[lvt]

I like that your explanations came across quite clearly. Thank you!

[basseyinyang]

From the simple definition of book keeping, you got me glued to the end. Thank you so much

[ibrahim_jamali_]

wow! explained everything in such a fun way. A very polite and kind approach makes you feel very friendly

[marymuganda]

Impressed been combing through you tube to get something easy to understand on bookkeeping and here it is

[bahardemirci]

I really loved the way you speak, your intonation, explanations and all.. l love you great teacher!! You rised my hopes and gave me energy to grap bookkeeping..

[yowgbuo]

Great video and great teacher. You went at a great pace. I'm learning!! Thank you.