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November 07, 2022Cash Purchase#accounting #business #accountant #finance #tax #bookkeeping #smallbusiness #taxes #entrepreneur #payroll #accountingservices #cpa #taxseason #businessowner #money #incometax #accountants #audit #bookkeeper #accountingsoftware #gst #accountinglife #taxreturn #startup #taxpreparer #charteredaccountant #quickbooks #taxconsultant #management #purchase2 minPlay
November 07, 2022Purchase on CreditIn this episode, I briefly explain what accounts payable is.3 minPlay
November 07, 2022Double-Entry Accounting SystemIn this episode, I briefly explain the foundation of the double-entry accounting system. You'll learn how to debit and credit accounts.4 minPlay
November 07, 2022Accrual Accounting SystemIn this episode, I briefly explain how accrual accounting works. The key point is that it recognizes business revenue and matching expenses when they are generated no matter when the cash flow is incurred.3 minPlay
November 07, 2022AccountsIn this episode, I briefly explain what accounts are and how accounting uses them to record transactions.3 minPlay
November 07, 2022TransactionsIn this episode, I briefly explain what business transactions are.2 minPlay
November 07, 2022Expanded Accounting EquationIn this episode, I briefly explain expenses and revenues.3 minPlay
November 07, 2022Accounting EquationIn this episode, I briefly explain the main elements of the accounting equation: assets, liabilities, and owner's equity.4 minPlay
November 07, 2022Bookkeeping and AccountingIn this episode, I briefly explain the difference between bookkeeping and accounting.2 minPlay