ACCOUNTING BASICS: a Guide to (Almost) Everything

Would you like to know what Accounting really means? In this short tutorial we'll take one simple example and follow it through all 8 Steps of the Accounting Cycle - from start to finish - you'll build a solid understanding of all the Accounting Basics we encounter along the way. Stuff like the...

Beginner - 14 min - Money & Business - Accounting Stuff

The full course: Learn Bookkeeping free

What you'll need

• Printing calculator: Ten-key work the bookkeeper way.
• Receipt scanner: Paperless records for clients.
• Laptop stand: Screen at eye level for long study sessions.
• Noise-cancelling headphones: Focus through long video lessons.

Books

1. Bookkeeping For Dummies by Lita Epstein - View on Amazon
2. Accounting Made Simple by Mike Piper - View on Amazon
3. Profit First by Mike Michalowicz - View on Amazon
4. QuickBooks Online For Dummies by David H. Ringstrom - View on Amazon

Next lessons

• LEARN ACCOUNTING in Under 5 Hours! (291 min, Accounting Stuff, Intermediate)
• The BOOKKEEPING BASICS for BEGINNERS (14 min, LYFE Accounting, Beginner)
• T Accounts Explained SIMPLY (With 5 Examples) (11 min, Accounting Stuff, Intermediate)
• FINANCIAL RATIOS: How to Analyze Financial Statements (24 min, Accounting Stuff, Intermediate)
• How To Do A Bank Reconciliation (EASY WAY) (17 min, Accounting Stuff, Beginner)
• Owner's draw vs payroll salary: paying yourself as an owner with Hector Garcia (10 min, QuickBooks, Intermediate)
• How The BALANCE SHEET Works (Statement of Financial Position / SOFP) (13 min, Accounting Stuff, Intermediate)
• What Does Equity ACTUALLY Mean? (11 min, Accounting Stuff, Intermediate)