Accounting Basics for Beginners

New to Accounting? Kickstart your Bookkeeping journey with these tutorials to master the basics.

The Accounting Equation, T Accounts, Debits and Credits? There's nothing to be scared of here. Accounting Basics for Beginners is a playlist dedicated to supporting Students and Small Business Owner's who are new to the world of Accounting.

ACCOUNTING BASICS: a Guide to (Almost) Everything.
The ACCOUNTING EQUATION For BEGINNERS.
ACCOUNTING BASICS: Debits and Credits Explained.
T Accounts Explained SIMPLY (With 5 Examples).
How JOURNAL ENTRIES Work (in Accounting).
The TRIAL BALANCE Explained (Full Example!).
GENERAL LEDGER: Visual Guide to Posting Journals.
DEALER: The Number 1 HACK for Debits & Credits.
5 Debit and Credit Practice Questions & Solutions.
What are Assets? (Let's Break Them Down).
What Are Liabilities? (SIMPLE Explanation).
What Does Equity ACTUALLY Mean?.
TRIAL BALANCE vs BALANCE SHEET.
The KEY to Understanding Financial Statements.
How The BALANCE SHEET Works (Statement of Financial Position / SOFP).
The BALANCE SHEET for BEGINNERS (Full Example).
The INCOME STATEMENT Explained (Profit & Loss / P&L).
The INCOME STATEMENT for BEGINNERS.
Cash Accounting: How it Works & Should You Use It?.
Accrual Accounting: How it Works & Why it's #1!.
Revenue Recognition Principle in TWO MINUTES!.
FINANCIAL vs MANAGERIAL Accounting.
Invoices: What You NEED TO KNOW.
Why Debits and Credits AREN'T Backwards.
3 Unexpected Benefits Of Learning Accounting.
Intro to Cash Flow Statements | Direct Method.
Prepare A Cash Flow Statement | Direct Method.
Prepare A Cash Flow Statement | Indirect Method.
The CASH FLOW STATEMENT for BEGINNERS.
How To Do A Bank Reconciliation (EASY WAY).
Prepayments and Accruals | Adjusting Entries.
How Prepaid Expenses Work | Adjusting Entries.
Deferred Revenue Explained | Adjusting Entries.
Accrued Expenses Broken Down | Adjusting Entries.
Accrued Revenue MADE EASY | Adjusting Entries.
INVENTORY & COST OF GOODS SOLD.
Inventory Systems: Perpetual vs Periodic.
First In First Out (FIFO) | Inventory Cost Flows.
Last In First Out (LIFO) | Inventory Cost Flows.
Average Cost Method (AVCO) | Inventory Cost Flows.
DEPRECIATION BASICS! With Journal Entries.
STRAIGHT LINE Method of Depreciation in 3 Steps!.
DOUBLE DECLINING BALANCE Method of Depreciation.
SUM OF THE YEAR'S DIGITS Method of Depreciation.
UNITS OF PRODUCTION Method of Depreciation.
CLOSING ENTRIES: Everything You Need To Know.