Bookkeeping Basics 7 Steps to Get You Started

Explore the fundamental concepts of bookkeeping and accounting functions. Learn about the relationship between basic bookkeeping tasks and the financial functionality of any organization. Hit the subscribe button to stay updated on the key role of bookkeeping in maintaining strong financial and accounting systems. Of critical importance to accountants, auditors, purchasing and treasury professionals, controllers, assistant controllers, CPAs and bookkeepers and other accounting stuff. #bookkeeping #accounting #accountspayable

Link to Balance Sheet and Income Statement A Beginners Guide
https://youtu.be/Prv1UER1VI4


Link to Balance Sheet and Income Statement A Beginners Guide
https://youtu.be/Prv1UER1VI4

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00:00 Bookkeeping Basics for Beginners
00:45 What is Bookkeeping?
01:15 Real life example
01:46 how does the bookkeeping function work?
02:20 Chart of Accounts
02:41 What are GL Codes
03:10 Bank Statement Reconciliations
04:15 What is double entry accounting
04:42 Example of single entry
06:05 Difference between cash and accrual accounting
08:10 Who prepares the financial statements

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#accounts_payable_best_practices #accounts_payable_process #accounts_payable #accounting_accounts_payable_best_practices #accounting #accounts_payable_internal_controls #accounts_payalbe #p2p #procure_to_pay #purchase_to_pay #purchase_ledger #bookkeeping #bookkeeping_basics #what_is_bookkeeping #bookkeeping_tutorial #bookkeeping_accounting #accounting_basics #accounting_stuff #accounting_for_beginners #accounting_101 #bookkeeping_101 #accounting_explained #bookkeeping_explained

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