AAT: How to learn Double entry Bookkeeping effectively
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Have you found it difficult to learn double-entry bookkeeping?
Do you use a method, such as; DEAD CLIC or PEARLS but still find it difficult to learn double-entry bookkeeping?
If so, this is the video for you. Using a tried and tested method to master double-entry bookkeeping, I'm going to show you how to learn double-entry bookkeeping effectively and easily.
This video is for you if you are studying AAT, bookkeeping, or accounting at the moment, no matter what level you are studying at, be this AAT Level 2, AAT Level 3, or even AAT Level 4.
Let's finally master double-entry bookkeeping!
Here is the link to the spreadsheet mentioned in the video:
drive.google.com/open?id=1jmq...
Here is the answer to the spreadsheet mentioned in the video:
drive.google.com/open?id=1i0A...
If you do spot any errors, please let me know in the comments and I will review and update if required.
This channel is a place for your AAT revision. Let's make you masters of the AAT Content, one video at a time.
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Oh I finally see the light at the end of the tunnel 😂 can't thank you enough 💞
@MomentumPGC
2 жыл бұрын
Hey Fatima, I's so pleased you have found the video to be helpful and it has helped you in this very tricky area. Just to let you know I have developed a workbook to go alongside this video. If you still need some support you can access this here landing.mailerlite.com/webforms/landing/q4i6v0
Extremely helpful thank you so much! Just putting that extra column to help identify what it is had really helped it make more sense!
So...last week I sat my mock exam "Bookkeeping Controls level 2", and failed. Watched your videos before my exam yesterday, and something clicked! It's It's increase and decrease you describe which made it a lot clearer for me! ...and yesterday, I sat the real exam...and PASSED! Thank you so much! I wish you had more videos, basically teaching each level 2 module...as I obviously seam to 'get it' the way you explain it! (I have recommended you so classmates!)
@MomentumPGC
3 жыл бұрын
Thank you for your wonderful and encouraging feedback. And congratulations on passing the exam, it is a pleasure to have helped you in your success. Thanks for the recommendation too, this is awesome 😁. More resources will be coming over the coming months, hopefully these will meet you on your study journey.
Extremely helpful! Like others, I had been struggling on this for a little while and couldn't get my head around it. This has made it so much easier. Thank you! :D
@MomentumPGC
4 жыл бұрын
Thanks for the comment Rob. I am super pleased it has made a tricky area much easier. 👍
Let me know what you thought of this technique and if you have any other suggestions on how you learn to master double-entry bookkeeping
You're doing the lord's work mate. I finally felt an inkling of understanding after a week of utter confusion and frustration. Thanks Again!
@MomentumPGC
3 жыл бұрын
Hey Aden, what a relief. This is such a hard topic to grasp and is so fundamental to all accounting. I am very pleased the video has helped you out. All the best for your studies.
This is amazing, I finally understand - such a good video!!
Thank you, this video has a simple/clear explanation and is very helpful.
This is the most helpful video I've watched and I actually understand this now. Thank a lot! will definitely subscribe and looking forward for more lessons.
Thank you so much for helping with this issue
So helpful! I couldn't wrap my head around this at all until watching this video.. thank you so much!
@MomentumPGC
3 жыл бұрын
Awesome. This can be a tricky area that can take time to grasp. I'm so glad this video has helped this to make sense to you.
So helpful!! Very clear and straightforward! I was struggling with this for a while, but this video saved me! I can’t thank you enough!!!
@MomentumPGC
4 жыл бұрын
Flavio, you are very welcome. This is a tricky area to master but once you do everything seems to click. I am very pleased it has saved you 👍
Your videos are so helpful and put simply so I actually understand! Thank you so much
@MomentumPGC
3 жыл бұрын
Hey Remi, you are very welcome. I am so glad you have found this difficult concept easier to understand 👍
Thank you so much for this video, this is extremely helpful!
@MomentumPGC
4 жыл бұрын
You are very welcome. I am very pleased this has been extremely helpful with you studies. Best wishes 👍
You're amazing! I have got the concept finally thank you
@MomentumPGC
3 жыл бұрын
Awesome, so glad you have grasped double entry bookkeeping. It can be such a tricky area to get your head around. I hope the studying is going well?
You are a very good teacher.Very thorough.Well done
Great way of simplifying things. This is really informative. Thank you for sharing your expertise with the world!
@MomentumPGC
3 жыл бұрын
Hey Tyler, no worries. Glad the video has simplified this for you. 👍
Thank you very much. Just starting and very confused but working on it!
@MomentumPGC
4 жыл бұрын
Hi Eren, it is tough when you are just starting out. My video series will help you to get to grips with it. Best wishes for your studies. I hope you are well and keeping safe 👍
Really clear explanation, glad I have found your techniques helpful as I was starting to doubt myself!!
@MomentumPGC
3 жыл бұрын
Hi Louise, glad this has helped you. Accounting is difficult, don't doubt yourself during the learning stage, you will get things right, you will get things wrong. But either way your are learning. Keep practising and you will do great.
Thanks!
Very well presented, straightforward and does not over complicate the subject ! Thankyoh
@MomentumPGC
4 жыл бұрын
Great feedback Tony. I am really pleased you like the video. 👍
This has really helped me. The whole account name/type thing thank you so much!
@MomentumPGC
3 жыл бұрын
The account name and type are the secret key to mastering double entry bookkeeping, spread the word 😉😁. I am so please the method has helped you Bex. 👍
You make things so easy. Thank you
@MomentumPGC
2 жыл бұрын
Thanks Lisa, I always say that things are easy when you know how. 😁
Thank you so much for this video. I have a better understanding of Dead Clic after watching your video. Please keep posting valuable tips. 👍
@MomentumPGC
3 жыл бұрын
Glad the video has helped you. More videos in the coming months to cover the other bookkeeping units at level 3
very helpful, thank you
@MomentumPGC
2 жыл бұрын
Hi Luiza, really pleased you have found this video to be helpful. I will be releasing a workbook specific for this video later today (Fri 8th Oct). Let me know if you would like me to send you the link once it is ready 👍.
Really helpful just started my level 2 and hoping to do level 3 next year
@MomentumPGC
3 жыл бұрын
Glad you have found this helpful Georgia. Good luck with your studies.
Brilliant video.
@MomentumPGC
2 жыл бұрын
Glad you like the video Paul 👍
This learning simplified double book entry for me
I'm currently studying level three and have passed the level two exam but I suddenly became really confused about even the level two stuff. Finding your videos has been a life saver. I'm actually going to go through all your videos before moving on any further.
@MomentumPGC
2 жыл бұрын
Hi Margaret, moving to level 3 can be a big step up from level 2. Hopefully, you will find the techniques covered in my videos to be very helpful in mastering the fundamentals of double entry that will see you through level 3 and 4. Do let me know if there is anything in particular you need help with that isn't covered within my videos.
@aventurewithmargaret5507
2 жыл бұрын
@@MomentumPGC thanks very much. I just got overwhelmed and the basic stuff seemed impossible so your explanations have been invaluable. Understanding is so much more useful than remembering. On the bookkeeping transactions exam I got below expectations on question six. Do you have a video on that ?
you are amazing, thanks
@MomentumPGC
3 жыл бұрын
Awesome Guis. Glad you liked the vid.
fantastic video..very helpful
@MomentumPGC
4 жыл бұрын
@joselito thank you for the feedback. I am really pleased you have found this useful 👍
Great video
@MomentumPGC
3 жыл бұрын
Glad you like the vid Chase 👍
Really good way of explaining thank u
@MomentumPGC
3 жыл бұрын
Thank you for the feedback, glad the video has really helped you.
thanks for the video. It's really helpful. I have been really struggling with DEAD-CLIC, I find it so hard to understand without enough examples. Wish there could be more examples to illustrate so we can do more practice.
@MomentumPGC
4 жыл бұрын
Hi, I'm glad you have found the video to be really helpful. DEADCLIC and double entry can be really tricky to get to grips with. Search for Teresa Clarke, she may have some resources that may help you 👍
@rennegrady8800
4 жыл бұрын
@@MomentumPGC Thanks for the advice. Can I find her on KZread? I searched on the Internet but some random names popped up.
You have literally saved me with this, currently studying my level 2 and double entry I was struggling with but this broken down has been brilliant. Do you have anything on how to balance the t accounts as that is not sinking in with me at all? Thanks
@MomentumPGC
3 жыл бұрын
How fantastic. I am so pleased this is now making sense for you. It is definitely a difficult area to grasp. Have you taken a tool at the control accounts video? This will help with balancing the T accounts.
@samanthathulborn7644
3 жыл бұрын
No but I will now get on that tonight thank you again
This is really useful and easy to follow at last I feel as I though I understand something :-) you mention a spreadsheet link though but I cannot see anything to click on would like all the help I can get. Thank you
@MomentumPGC
4 жыл бұрын
Hi Amanda, thank you for your feedback. I am so pleased it has helped you to develop your understanding in this, what is such a fundamental area. The links to the spreadsheet are within the video description. If you aren't able to locate that let me know and I shall add it here for you 👍😁
Will you be doing anything like a live online masterclass?
do the sales and purchase accounts sit underneath or inside the SLCA and PLCA in the tree, or are they just treated as different accounts completely?
@MomentumPGC
3 жыл бұрын
Hey Peter, the sales and purchase accounts in the general ledger are separate accounts and represent the income (sales) and expense (purchases) of these transactions and will impact the statement of profit or loss. The sales ledger and purchase ledgers are completely separate and provide the details of how much individual credit customers owe you and how much you owe credit suppliers. Hope this helps 👍
Hi can you get in touch with me regarding private tuition please???? Thanks
Why the sound very low?
Wouldn't the Office supply account be an asset and not an expense since you haven't used any yet? You just posted the amounts in the wrong accounts.
@MomentumPGC
5 ай бұрын
Hi Adam, Office supplies are generally an expense, the cost of office supplies (stationery) would normally be under the capitalisation threshold an organsiation would have in place to determine if costs are to be treated as assets in the accounts. They are likely to be used within the financial year, therefore will be shown as an expense in the SPL for the relevant accounting year. I hope this helps with your understanding of the treatment of office supplies. Best wishes for your studies.
Can’t hear you
Not enough sound
The sound quality is too low. Can u reedit?
audio really poor
poor audio mate,
awful sound.
Very helpful, thanks
@MomentumPGC
4 жыл бұрын
You are very welcome Blue-sky. I am pleased you have found this useful.