Hey Viewers! I hope you learned something in this video 🙂As always, please let me know if you have any video requests here in the comments

@kaylabuzzard6267

4 жыл бұрын

you have no idea no much these have helped. I watch these before the class lesson to understand it better when they are actually explaining it. doesn't hurt that your easy on the eyes . keep it up Mr. James :)

@rocker76m88

3 жыл бұрын

Thank you for these videos. I'm cleaning out the accounting cobwebs in my brain 🧠

@siobhanscanlon343

3 жыл бұрын

hey! do you have any videos on using the cashbook as a double entry instead of just a daybook?

Wow, I'm binge watching your content on a Sunday!

@AccountingStuff

4 жыл бұрын

Accounting on the weekend?! Hope you find it helpful

Such an underrated channel! All accounting students should subscribe to this page!

@AccountingStuff

4 жыл бұрын

Cheers Revin!

Honestly, best channel to learn from basics. I'm going to cover all of your lectures. Really really appreciate your way of explanation and effort. TA 😄

I actually just love his energy bring into the video . Making accounting sounds more interesting

@AccountingStuff

3 жыл бұрын

Thanks, glad you enjoyed it!

bro ur a life saver i hated accounting now i have fun watching ur vids

Taking an accounting class and these videos are a life saver. The energy he has in every video and the way he explains it makes it quite easy for me to understand.

You made accounting easy to understand. I love how you explains it and how you present it.

@AccountingStuff

3 жыл бұрын

Cheers Sheryl!

Thank you. I've just enrolled into an accounting course and I'm using your tutorials as a great supplement to my class study materials. You explain the principles very well. Again, thanks. 👍

@AccountingStuff

3 жыл бұрын

Cheers Susan! Hope your course is going well :)

This Channel Deserve More Views ! Its So Helpful

@AccountingStuff

3 жыл бұрын

Thanks, glad you're finding it helpful :)

Thank you SO MUCH for all of your videos ...

Thank you James. This was very helpful.

Thank you 😊 Your videos are really helpful, especially for people like me who are new to accounting.

5 years later and still relevant. Thanks broski!

@AccountingStuff

28 күн бұрын

Glad you found it useful!

I just finished my first accounting test and got an A thanks to your videos!

thank you again for providing such helpful video!

@AccountingStuff

4 жыл бұрын

No problem Sarah

This is a great video specially for beginners (like myself) or people with 0 accounting experience. The video was brilliant and wonderfully made. hanks a lot

@AccountingStuff

4 жыл бұрын

Thanks Mundher, that is kind of you to say. Glad to hear you got some value from the video!

Woohoo so finally you are back 😊 the things which teachers can't explain you explain it very simply 😊 okay okay so waiting for your next video James sir ❤😊

@AccountingStuff

5 жыл бұрын

Hey Khushi, thanks for stopping by again! I'm working on the next video as we speak :)

Thank you for the video!!! We learn a lot from you! Thank you!

@AccountingStuff

8 ай бұрын

No problem!

Thanks also for this video; clear and awesome as always

@AccountingStuff

4 жыл бұрын

No worries Marie!

thank you; ure the best

Great video... Keep making more

@AccountingStuff

5 жыл бұрын

Will do thanks!

thank you so much , you are so clear :)

@AccountingStuff

3 жыл бұрын

Cheers, glad you found it useful!

Thanks

Thank you for explaining it! best regards

@AccountingStuff

3 жыл бұрын

You are welcome :)

@heshamnasher4997

3 жыл бұрын

@@AccountingStuff ☺️👌

Great videos and channel man... I like when you "categorize" basic concepts (I loved your definition of credits->debits as source->destination of economical benefits!!!!). Have you already done anything similar for adjustments? If you haven't, it could be a nice topic to cover, keep it up!!

@raffaelepigneri1413

4 жыл бұрын

Ooops! Just found it!!! Sorry....

@AccountingStuff

4 жыл бұрын

Great, I was about to link it to you!

I supported the channel; debited it with a *like*💯😉... Thank you for all your work sir. It really does make a difference. More strength and creativity to u. 💪🏿

@AccountingStuff

3 жыл бұрын

Legend! Thanks :)

Thank you for these great videos! I share them regularly with my accounting class (high school level). I think it's helpful for students to hear concepts explained differently by different people. On that note, I have a request for future videos. Would you consider doing adjusting entries? and/or closing entries? Particularly adjusting entries seem to stump accounting beginners. ;)

@AccountingStuff

5 жыл бұрын

Hey Trisha, thanks! Cheers for sharing the videos. Yes I would like to cover adjusting entries soon. I plan to cover Prepayments and Accrued Expenses in the coming weeks which are two of the main types of adjusting entries.

Supa Supa Supa 👍

PMish vid transition 😍 Great work

@AccountingStuff

5 жыл бұрын

Thanks AnuBhav! I would love to add a vid translations but I need help translating them.

@AccountingStuff

5 жыл бұрын

Just realised that I totally misread your comment! Apologies for that. Haha yes I am a big fan of PM and have watched many of his tutorials so have definitely picked up a few of his tricks 🙂

@noobaw420

5 жыл бұрын

Hey sir can you do a vid on journal entry?

@AccountingStuff

5 жыл бұрын

Thanks for the suggestion! I have actually already made one. You can find it here... kzread.info/dash/bejne/i2GTs5WrcbHfqLg.html

Great

@AccountingStuff

3 жыл бұрын

Cheers!

your responsible for my full marks :)

@AccountingStuff

3 жыл бұрын

Congrats!!!

@MOMIN-sq1qm

3 жыл бұрын

Haha

Hey James! Great videos, thank you for making them. BTW, Where do you live? Your view is amazing.

Hey James, could you please cover differences that can result in deferred tax assets or deferred tax liability? I would really benefit from your explanation of this topic!

@AccountingStuff

4 жыл бұрын

Thanks for your suggestion

Hi...your videos have been quite helpful. Can you explain cash flow and fund flow

@AccountingStuff

5 жыл бұрын

Thanks Rachita, yes I will do videos on those topics soon!

@AccountingStuff

5 жыл бұрын

Hey Rachita, I've just uploaded a video on Cash Flow using the Direct Method... kzread.info/dash/bejne/iq1h26awYMrZl8Y.html I'll make another using the Indirect Method very soon 🙂

Love your finger wagging. Cool video cheers.

@AccountingStuff

5 жыл бұрын

Haha thanks!

It seems that a drawback to accrual basis accounting is that an assumption is made that when a company bills a client that the client will always pay....recognizing revenue when. Its earned seems reasonable....but if a company earns revenue and the client does not pay then it would appear a company has assets which it doesn't actually possess.....what are your thoughts on this?

@colombiancrush2929

2 ай бұрын

If the bill is not paid, it goes down as a loss

Can you do a few vids on merchandising operations and multiple step income statements pretty please

@AccountingStuff

5 жыл бұрын

Hey Gabriela, thanks for your suggestion! I will look into it.

I hated Accounting.....until now. Thank you.

@AccountingStuff

3 жыл бұрын

No worries :)

Hi very nice and informative video, would greatly appreciate if you could suggest on- will it be considered accrual or cash basis, if somebody receives payment from an organisation, and the person on his/her bank account where he/she submits invoice to an organisation for the online payment (received to his/her bank), and with person receives money on a bank account (without submitting any invoices)?

Will you make videos on big chapters like NPO,issue of shares , debentures?

@AccountingStuff

5 жыл бұрын

Hey Asmita, thanks for your suggestion! I would like to get on to more complex topics like the these, however I'm currently focused on Accounting Basics so it could be a while before I get onto those areas.

please we need manufacturing accounting , cost of good, inventory valuation etc. and some ratios main one to decide if we invest in a company or not. thank you thank for your creative way of presentation

@AccountingStuff

3 жыл бұрын

Thanks for your requests!

Can you do a petty cash break down? Right now I’m learning payroll and petty cash with charts.... it’s very confusing 🤦🏽‍♀️ Thank you 😊

@AccountingStuff

3 жыл бұрын

Hey Amanda, thanks for your suggestion!

sir also explain mutual fund and hedge fund

@AccountingStuff

5 жыл бұрын

Thanks for your requests!

Hey can you make a video on ledger posting

@AccountingStuff

5 жыл бұрын

Hey Pradeep, thanks for your suggestion. I will look into doing that. In the meantime... I have made a video on Journal Entries here is touches on the topic: kzread.info/dash/bejne/i2GTs5WrcbHfqLg.html

Another very helpful video. Thank you. I do have a question. With cash basis, am I correct that you record the date you received the check/cash and NOT the date you deposit it in the bank account? If so, is the rule of using the date received changed when you receive a check (tax deductible donation) after 12/31, but the envelope was postmarked on or before 12/31? Is it that the donation is recorded the day received (not the day postmarked or deposited), but if the post mark is on or before 12/31 their donation counts for the previous year? But, it seems that will make the books messy. It has been a long time since this video was made. I hope you are still around answering questions and making these excellent videos. Thank you.

Hello James! Got a question on treatment of advance taken on Receipt & Payment Account. For instance; if an employee has taken advance USD 500 for the company related expense at Dec. 31 (Financial Period : January 1 - December 31). How is it shown on the financials (Receipt & Payment Account). Assuming that the employee has not spent the money but has taken the advance from the company. will the advance amount be carried forward in the next financial period or not? Thank you.

Great video. Just the beginning was a little hard to hear, I think it was because of the music.

@AccountingStuff

4 жыл бұрын

Thanks and cheers for your feedback!

Could you please explain cash book and AP/AR on sage Accpac? Thanks in advance

@AccountingStuff

3 жыл бұрын

Thanks for your request!

sir please make video on reconciliation statement for micro finance bank ..

@AccountingStuff

5 жыл бұрын

Hey mate, I've made a video showing how to do a bank reconciliation... kzread.info/dash/bejne/rJyhsZV9fZa_mbw.html Let me know if that helps?

how does an expense appear in the ledger under cash basis. FOr eg, if you buy office equipment, how is that treated in gen.ledger under cash basis?

can you please make a video about GAAP? 🙏

@AccountingStuff

3 жыл бұрын

Thanks for your suggestion!

Great video. I have started selling items online Oct 23, it's now Feb 24. I purchased stock a few years ago, now selling that. Each item I sell, do I use the receipt from 2022 and show that as an expense? Thank you.

First of all, I love your channel...it has been very helpful but can't seem to get those cheat sheets. Am not sure how to make the payments since we don't use USD currency here, so any other options...? Just enlighten me :-)

@AccountingStuff

3 жыл бұрын

Thanks Mekdes, I'm glad to hear that you're enjoying these videos. The website is set to USD but it still accepts foreign cards or PayPal. Have a great weekend!

can you please cover contra entries. thanks

@AccountingStuff

4 жыл бұрын

Cheers for your suggestion!

Hey James, have you made any videos on discounts?

@AccountingStuff

10 ай бұрын

Not yet...

@kevv.1912

10 ай бұрын

@@AccountingStuff I'd love to see onee

Hey, can you demonstrate how turbo tax keep and record their transactions in their financial statements for tax purposes

@AccountingStuff

3 жыл бұрын

Thanks for suggesting this to me :)

Hi james, i have a question how do we deal with bank loans in cash basis of accounting

@AccountingStuff

5 жыл бұрын

Hey Ron, good question. Here are my thoughts... I would think that the initial entry of the bank loan shouldn't affect the income statement at all (since it is a loan, not revenue). It should be recognised on the balance sheet as Cash (an asset) and a Bank Loan (a liability). The interest payments should be recognised as an expense in the Income Statement when they are paid out, which would also decrease Cash in the balance sheet. Does that help?

@ronjobs2359

5 жыл бұрын

@@AccountingStuff thanks a lot james, Now i got it if a client pays me advance it will be recorded as a liablitiy first in accrual basis but under cash basis it will recorded as an income directly ..Am i right?

@AccountingStuff

5 жыл бұрын

@@ronjobs2359 Correct. If the client pays you in advance then you would treat it as deferred income (a liability) under the accrual basis, or as income under the cash basis.

@ronjobs2359

5 жыл бұрын

@@AccountingStuff thanks a lot once again, i would definitely recommend your channel to others.Accounting Stuff you got my attention.

@AccountingStuff

5 жыл бұрын

@@ronjobs2359 No worries mate!

the journal entry#1 Expense I understand but the journal entry #2 revenue totally confused me.could you clear it up for me? I thought ,Revenue is a balance credit, a credit increases it and a debit decreases it? At the 1:52 point

Plz make video on royalty accounts

@AccountingStuff

5 жыл бұрын

Sure thing Shiva!

@shivarajput6549

5 жыл бұрын

@@AccountingStuff Yeah! But can you make it as a series like a chapter which consist some numerical questions and explaination and types of royalty etc

@AccountingStuff

5 жыл бұрын

I will look into doing that. Thanks for the suggestion!

Dude its as if he's reading my mind when im watching videos i was kinda confused with the debit and credit terms

Did you learn accounting from the guy in Community? I was expecting a white board and you open up the video with you on a rooftop carbeing a friggin diem

@AccountingStuff

4 жыл бұрын

Haha, it was a nice day and I fancied getting outside. Haven't actually seen community but I hear it's good!

Up until recently most Commonwealth governments used cash accounting methods for recording transactions.

In which book should this be recorded?

@AccountingStuff

3 жыл бұрын

If you're cash accounting then you would probably be using a 3 or multi column cash ledger

How did you work out the mark-up using a decimal place? If I times £10 by 1.5, I get £15.........

@mraaron4147

Жыл бұрын

150% on £10 = £15. Mark up is profit. so £10 cost + £15 profit = £25 revenue

could you make a video on cash book plsssssssssssssssssssssssssssssssssssssss?

@AccountingStuff

4 ай бұрын

Thanks for your request!

why is 'income received in advance' not recorded on cash basis of accounting?

@AccountingStuff

14 күн бұрын

Do you mean 'cash received in advance'? I explain in this video... kzread.info/dash/bejne/eGWusLNqp8rHZ9I.html

@swetavijayan160

13 күн бұрын

@@AccountingStuff thanks

@AccountingStuff

12 күн бұрын

@@swetavijayan160 You're very welcome :)

Oh damn you have an English accent but you live in Vancouver? I guess they don't call it British Columbia for nothing, lots of Brits here.

@AccountingStuff

5 жыл бұрын

Vancouver is so beautiful, it's every Brit's dream to come out here