Accounts Receivable and Accounts Payable

Simple explanation of A/R and A/P with no detail about recording debits and credits

Пікірлер: 288

  • @beautifullady7632
    @beautifullady76325 жыл бұрын

    This is what I’m looking for. Wow. Thanks, professor. I’m feeling like a real student and having a lecture at college. Super easy to understand

  • @masuoodahmad

    @masuoodahmad

    3 жыл бұрын

    kzread.info/dash/bejne/pq6q3LSOfLS2ZKQ.html

  • @gustavotonnelli
    @gustavotonnelli3 жыл бұрын

    That explanation cannot get better, thank you for sharing such valuable information for free.

  • @xiomaracuerodaza5930
    @xiomaracuerodaza59304 жыл бұрын

    I congratulate you, you have a great ability to explain, English is not my first language, and I was able to understand 100% of your tutorial, your tone of voice is perfect!.

  • @masuoodahmad

    @masuoodahmad

    3 жыл бұрын

    kzread.info/dash/bejne/pq6q3LSOfLS2ZKQ.html

  • @tradeinvest3
    @tradeinvest34 жыл бұрын

    Account payable record goods and service purchase on credit or on account and Account receivable record sales of goods and services on credit or on account.Great and clear explanation.

  • @lisamccray6481
    @lisamccray64813 жыл бұрын

    I'm 58 years of age. And just decided this year to take on Accounting. I've found this subject to be very difficult, confusing and overwhelmingly stressful until I began to know enough about accrual acctng for the concepts to begin to register more easily. So, young people out there, keep trying, Gradually matters. If it helps anyone out there, then, today was my first day knowing, I mean really knowing that "interest" is what made the difference between accts recvbl/payable and notes recvbl/payable. That happened thanks mainly to this teacher. We appreciate you for taking care to explain these concepts.

  • @Ezanaizeazy
    @Ezanaizeazy7 жыл бұрын

    Such a help this was. Couldn't have asked for a better explanation of the concepts. Thank you so much.

  • @zjgvergara
    @zjgvergara9 жыл бұрын

    Thank you for the drawings and explanations, it makes the subject easier to understand.

  • @thereal4114
    @thereal41145 жыл бұрын

    It's amazing how simple you made this. Thanks a million!

  • @msnunu116
    @msnunu1169 жыл бұрын

    So needed this lesson. Perfect explanation! thank u.

  • @jeffreyg5718
    @jeffreyg57189 жыл бұрын

    Larry, this is a fantastic video on A/R and A/P. Thank you so much for posting!

  • @ahmedalfatih6954

    @ahmedalfatih6954

    7 жыл бұрын

    Jeffrey G thanksm

  • @bertiemonono2301
    @bertiemonono23016 жыл бұрын

    listen thanks man i am taking an accounting class and i have never taken accounting before your explanations just saved my life thanks

  • @cityrose4692
    @cityrose46924 жыл бұрын

    No videos explain like this easy and clear. I was frustrated watching many other videos. I'm glad I finally find this lecture. Thanks a million!

  • @masuoodahmad

    @masuoodahmad

    3 жыл бұрын

    kzread.info/dash/bejne/pq6q3LSOfLS2ZKQ.html

  • @kmayflowerr
    @kmayflowerr5 жыл бұрын

    God bless you, great explanation!! I just started my accounting class and was so confused on the difference between these 2

  • @ashleymcphail8242
    @ashleymcphail82425 жыл бұрын

    SO helpful! You explained this in simple and clear terms. Thank you thank you thank you!

  • @MrDrors3
    @MrDrors32 жыл бұрын

    A classic example of financial storytelling, this is essential to make it easy to understand

  • @adminimmiglobe4259
    @adminimmiglobe42594 жыл бұрын

    Thank you Larry, I've seen some videos about account payable and account receivable. u r the best one, so easy to understand, Supper Clear.

  • @mikekos4430
    @mikekos44305 жыл бұрын

    Great work from someone who actually speaks English. Shame I havent found it 5 years ago, maybe then You would keep it coming. Thanks a lot, anyway.

  • @kgoitsimangnkeli5503
    @kgoitsimangnkeli55034 жыл бұрын

    wow.. im just in awe of how clearly an quickly i understood this!!!! thanks a bunch

  • @appetite4chic878
    @appetite4chic8785 жыл бұрын

    This was better than both of my accounting classes I took in college! Very helpful

  • @sirattalib265

    @sirattalib265

    4 жыл бұрын

    Appetite 4 Chic Yeah it’s best way to understand

  • @masuoodahmad

    @masuoodahmad

    3 жыл бұрын

    kzread.info/dash/bejne/pq6q3LSOfLS2ZKQ.html

  • @carlobambi9035
    @carlobambi90353 жыл бұрын

    you have made accounting concepts very clear and I thank you for this!

  • @timbenger1548
    @timbenger154810 жыл бұрын

    Thanks a lot for uploading this! Your videos are so clear and helpful.

  • @shannonfoster5459
    @shannonfoster54599 жыл бұрын

    Very good explanation. Short, sweet, and straight to the point.

  • @brie9119
    @brie91195 жыл бұрын

    Thank you for clearing up a good two weeks of confusion!!!!!

  • @jadaoluwasina7150
    @jadaoluwasina71505 жыл бұрын

    just going into finance, and I like this intro. thank you

  • @kernlm13
    @kernlm1310 жыл бұрын

    Thank you so much for explaining these terms in such a basic sense. I have never taken an accounting class and am finding I need this knowledge in my current role. I really appreciate the way in which you are able to explain these terms to someone who knows nothing of these subjects. You've really helped me gain an understanding of these terms! :)

  • @Brownsugar5329

    @Brownsugar5329

    4 жыл бұрын

    I totally agree with you. I’m in the same situation. Very well spoken

  • @khendzievhie6694
    @khendzievhie66948 жыл бұрын

    Good Day Larry as an Information Technology student who were tasked to create a software about AP/AR, i have no idea on how AP/AR works, but when i saw your video i shared it to my classmates and we easily understand your explanation, Thanks for this meaningful video Larry :-) hope for more of your educational video.

  • @wasimahmed-tf3rh
    @wasimahmed-tf3rh9 жыл бұрын

    beautiful teaching understood very good...Thanx teacher

  • @jadapearl3895
    @jadapearl38957 жыл бұрын

    You did a great job at describing this. I am new to this and I now have an understanding.

  • @Kaur16244
    @Kaur162444 жыл бұрын

    First time I saw this video n feeling really happy that I found your channel..subscribed. Thanks.

  • @alanoudibrahim8512
    @alanoudibrahim85129 жыл бұрын

    The greatest explanation ever ! thank you so much

  • @marthenka
    @marthenka7 жыл бұрын

    this is the explanation i was looking for, thank you!

  • @Chris-bc8mz
    @Chris-bc8mz9 жыл бұрын

    Really grateful for this very detailed video of accounts receivable and accounts payable! thank you!

  • @user-zl8ou9re7j
    @user-zl8ou9re7j6 жыл бұрын

    Thx Lary, i've seen 5 videos about account payable and account recievable. u r the best one, so easy to understand

  • @AzerPrince
    @AzerPrince9 жыл бұрын

    Thank you very much, you saved me a lot of time by explaining me these termins.

  • @demetriushenry5953
    @demetriushenry59535 жыл бұрын

    This was explained so much better than any of my professors in college

  • @andrezapereira9601
    @andrezapereira9601 Жыл бұрын

    I loved it, super explanatory video, I needed more detailed information like this.

  • @innocentlovablesunny
    @innocentlovablesunny7 жыл бұрын

    Thank you Mr Larry for explaining this, I believe we are assuming this to be a credit sales / purchase.

  • @boitumelomofokeng6158
    @boitumelomofokeng61584 жыл бұрын

    Big ups I understood it better than these other tutors.

  • @samuelimomion4404
    @samuelimomion44045 жыл бұрын

    Absolutely helpful! Many thanks Larry.

  • @rinkspatel3003
    @rinkspatel30035 жыл бұрын

    Thank you Larry, you made really easy to understand the concepts .this help me a lot.

  • @thraveendra3745
    @thraveendra37459 жыл бұрын

    Great work Larry...! Please keep posting

  • @aikaromania6448
    @aikaromania64484 жыл бұрын

    All these years in college how I mug up this account receivables payable thing . And now I understand the very simple concept .thank you so much sir . You are a wonderful teacher .

  • @masuoodahmad

    @masuoodahmad

    3 жыл бұрын

    kzread.info/dash/bejne/pq6q3LSOfLS2ZKQ.html

  • @mounirelaissaoui7977
    @mounirelaissaoui79776 жыл бұрын

    You must sell your accounting course in Udemy, the way how you break down the matter is so great

  • @nathanc5747
    @nathanc57479 жыл бұрын

    This is a very simple explanation! Great job!

  • @alexabacoanu3869
    @alexabacoanu38696 жыл бұрын

    It seems easy as you explain Sr. Thank you!

  • @REPATHATHYALA
    @REPATHATHYALA7 жыл бұрын

    Thank you very much sir, You are indeed a professor... Your students are much more luckier.

  • @lockedon8953
    @lockedon89538 жыл бұрын

    OMG I wish you were my accounting professor. Thank you soo much for this!

  • @diganto1987
    @diganto19879 жыл бұрын

    Liked the way it is explained. Superb.

  • @its_eshababe
    @its_eshababe9 жыл бұрын

    Thanks Larry for the info really helps with what i'm doing now.....pls keep posting...

  • @marcelacolon9736
    @marcelacolon97366 жыл бұрын

    This explanation is super clear, thank you so much.

  • @bechuanalandspotter8085
    @bechuanalandspotter80856 жыл бұрын

    my god!!!!! you are way better than my AC Lecture wowwwwww very clear

  • @oregonstateintheusa9970
    @oregonstateintheusa99705 жыл бұрын

    Hi there! It was a very absorb tutorial video, please continue. Appreciate dude:)

  • @uncapabrew4807
    @uncapabrew48074 жыл бұрын

    Where was U tube . Awesome you share . Had a not soo good teacher and yeah. Gave up ! Long story . But still perusing the knowledge. Thank you for sharing.

  • @danmaster9474
    @danmaster947410 жыл бұрын

    You explain very well. Thank you!!

  • @jimmusiq
    @jimmusiq8 жыл бұрын

    Great ways of explaining Joe

  • @mark51107
    @mark511076 жыл бұрын

    Wowowow thanks this so very easy to understand! 👍🙂

  • @saurabh6132
    @saurabh61324 жыл бұрын

    I am subscribing to this channel on the basis of this video. The video is crystal clear and well explained, & the most important the person does not care about who is subscribing and this shows that his focus is on giving better videos. Hope you will upload the best quality videos related to Accounts and Finance basics.

  • @DJaydip
    @DJaydip8 жыл бұрын

    Thank you Larry...you made it so simple to understand...

  • @thangtea18bec
    @thangtea18bec4 жыл бұрын

    This kind of explanation is what exactly i need

  • @yanakasian5485
    @yanakasian54853 жыл бұрын

    Good explanation! Thank you so much. Complex accounting by simply words.

  • @Neobluelightning
    @Neobluelightning6 жыл бұрын

    New lawyer here! My dad sent me a contract. Dad: "Sent you a contract Son. Mind looking it over before I sign" * see words account Receivable and head start streaming * Me: "Yeah Dad, but Ill need to double check some thing out" * Goes to youtube and looks up account Receivable * Thanks man! This video connected alot more dots in other areas of law that I was hesitant about!

  • @judyshurter-capps3788
    @judyshurter-capps37883 жыл бұрын

    THANK YOU< THANK YOU

  • @kayleenquillman6853
    @kayleenquillman68537 жыл бұрын

    I start my first day at my new job tomorrow and being unfamiliar with accounting, I was very intimidated. I was told I will be working with Accounts Receivable and Accounts Payable and after watching this video, I feel much more prepared, THANK YOU!

  • @herkload

    @herkload

    5 ай бұрын

    Are you still working as an AP/R clerk?

  • @lovedieyoung2846
    @lovedieyoung28468 жыл бұрын

    Thank you so much. This is the best lecture ever :)

  • @jublieairport8396
    @jublieairport83967 жыл бұрын

    explained in a simple and understandable way..Thanks a lot sir

  • @aisha9040
    @aisha90405 жыл бұрын

    wish you taught accounting principles in UAE, you the best man xo

  • @pamelacoleman4669
    @pamelacoleman46693 жыл бұрын

    Explained very well. Thanks Larry.

  • @Tomkr310
    @Tomkr3109 жыл бұрын

    Wow... What an awesome professor.

  • @silentknight872
    @silentknight8724 жыл бұрын

    Thank you for a very simplified version of AR/AP

  • @DeViLTh0rn
    @DeViLTh0rn5 жыл бұрын

    Hello Sir!, Thank you so much! I really appreciate it! Your tutorial is so easy to understand. Now my Balance Sheet Balanced! hahahahhahaha May God Bless You and Have a nice day! Cheers

  • @JulioCesar-gf3ik
    @JulioCesar-gf3ik3 жыл бұрын

    Excellent explanation, congratulations!

  • @threeelancer
    @threeelancer9 жыл бұрын

    Clear and to the point. Thank you!

  • @dileepgurram09
    @dileepgurram0910 жыл бұрын

    Crystal clear... Thanks, Larry...

  • @siddaashok4982
    @siddaashok49826 жыл бұрын

    Nice video and explanation is amazing sir.....Thanks

  • @emilyburson3878
    @emilyburson387810 жыл бұрын

    Thanks Larry, this was very clear and helpful. :)

  • @HappyIndieCat
    @HappyIndieCat7 жыл бұрын

    hello Lerry, I am a language student and wanted to know about this topic the way of your explanation is quite easy. and i got ut very easily. I have been watching different videos but i was very confused and after watching your video I am confident now to give my interview. Thank you.

  • @Doeboyie
    @Doeboyie4 жыл бұрын

    Wow!! This is the best explanation i’ve seen. Thank you so so sooooo much

  • @masuoodahmad

    @masuoodahmad

    3 жыл бұрын

    kzread.info/dash/bejne/pq6q3LSOfLS2ZKQ.html

  • @catalinalee1
    @catalinalee15 жыл бұрын

    Very clear explanation. Thanks!

  • @saikishorebolla7858
    @saikishorebolla78587 жыл бұрын

    Nice Explanation Thanks a lot

  • @sadieh4467
    @sadieh44675 жыл бұрын

    This helped so much, thank you!!

  • @manusarna9869
    @manusarna98696 жыл бұрын

    very helpful in understanding the concept.Thanks

  • @jigarhb1
    @jigarhb14 жыл бұрын

    very nice and crystal clear. helped me a lot.

  • @ossiespencer4982
    @ossiespencer4982 Жыл бұрын

    You make this looks so easy.

  • @diontaedaughtry974
    @diontaedaughtry9746 жыл бұрын

    Thank you this was very helpful and informative 👍👍

  • @dileepkabir5255
    @dileepkabir52555 жыл бұрын

    such a great explanations thank you sir

  • @WorkeneshWoldmariam
    @WorkeneshWoldmariam8 жыл бұрын

    Exlent instrocter good bless you

  • @maryjanemurray4605

    @maryjanemurray4605

    3 жыл бұрын

    God Blessed you

  • @augustayarteh7524
    @augustayarteh75244 жыл бұрын

    Professor you have to put the date you recevable from Larry. First. U have to debit account. Recevable, then you debit accunt payable for 5,000 he promised you the three month which is the note payable, and interest payable because of the three month payments. This is the way I will work with my accounts.I know the bank aware of our transantion. Nice one sir. Let me go and pray now.

  • @MegaLESM
    @MegaLESM6 жыл бұрын

    Thank you so much for posting this video.!

  • @arisenwakendui1630
    @arisenwakendui16304 жыл бұрын

    Very clear, thank you so much ❤

  • @RemoPeter
    @RemoPeter5 жыл бұрын

    Larry, you are awesome!

  • @lenesmedea611
    @lenesmedea6113 жыл бұрын

    I like the way you explained account receivable and account payable. I would like you to be my professr

  • @gracielou6480
    @gracielou64803 жыл бұрын

    Thanks for this video. Very simple to follow. Wow, I got it! LOL 😂

  • @fadwafuad4181
    @fadwafuad41814 жыл бұрын

    Thank you very much... You help lot.. Really really thank you.. Your way in teaching is very interesting 😍😍

  • @huangsharon4638
    @huangsharon46385 жыл бұрын

    Thank you very much, You are the BEST!

  • @yourslife
    @yourslife4 жыл бұрын

    Larry, Thank you so much for the video now I understand.

  • @neerajchutani
    @neerajchutani5 жыл бұрын

    AMAZING LARRY ... NICE

  • @susanfophy7481
    @susanfophy74814 жыл бұрын

    This is a great refresher! Thanks !!

  • @masuoodahmad

    @masuoodahmad

    3 жыл бұрын

    kzread.info/dash/bejne/pq6q3LSOfLS2ZKQ.html

  • @loshm26
    @loshm263 жыл бұрын

    Excellent explanation !

  • @marioclarke5796
    @marioclarke57965 жыл бұрын

    This is a great help to me. Thanks.

  • @Angela485
    @Angela4854 жыл бұрын

    I found this example very helpful for understanding this topic