Accrued Expenses Broken Down | Adjusting Entries

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Accounting Stuff

Accounting Stuff

Күн бұрын

💥Adjusting Entries Cheat Sheet → accountingstuff.com/shop
🖊Adjusting Entry Practice Questions → accountingstuff.com/practice-...
To accrue or not to accrue... that is the question. Accrued Expenses are one of the most common types of month end adjusting entries. In this video, you'll find out what they are, and how to accrue an expense using Journal Entries and T Accounts.
I'm creating a whole mini-series devoted to this topic which will include worked examples for each of these four types of Adjusting Entry...
▪ Intro to Adjusting Entries → • Prepayments and Accrua...
▪ Prepaid Expenses → • How Prepaid Expenses W...
▪ Deferred Revenue → • Deferred Revenue Expla...
▪ Accrued Expenses → • Accrued Expenses Broke...
▪ Accrued Revenue → • Accrued Revenue MADE E...
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#accounting #adjustingentries #accountingstuff

Пікірлер: 472
@mazenal-hakimi8908
@mazenal-hakimi8908 2 жыл бұрын
Accounting teachers need to learn from this smart young man !!! Why they dont teach like this?!!!!
@mariafatimataylor4746
@mariafatimataylor4746 4 жыл бұрын
Amazing how clear you explain everything, the video editing is also the best. Such a talent!
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Thanks for your kind words!
@PeterHarveyUK
@PeterHarveyUK 2 жыл бұрын
I agree.
@nabahathabdhullah3597
@nabahathabdhullah3597 2 жыл бұрын
yes i agree great job
@tokolloramalepe
@tokolloramalepe Жыл бұрын
I Found A Gem Right Here. This channel is an Asset.❤
@randomdosing7535
@randomdosing7535 5 жыл бұрын
Your stuff is really high end. Carry on man your work will pay off
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Cheers mate!
@randomdosing7535
@randomdosing7535 5 жыл бұрын
@@AccountingStuff tomorrow is my job interview in central bank. Though I have no accounting or financial education background. Any tip or trick?
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Hey, am I too late? How did the interview go? My advice is to relax as much as possible. Try to be present and connect with the interviewer. Good luck!!
@randomdosing7535
@randomdosing7535 5 жыл бұрын
@@AccountingStuff I think I did it horrible. Totally nervous. I knew each and every thing they asked and answered them rather jittery way. BTW thanks for your response.
@AccountingStuff
@AccountingStuff 5 жыл бұрын
@@randomdosing7535 Sorry to hear that. Hopefully it didn't go as bad as you think! I have bombed a few interviews in the past. It has helped me to think of them as learning experiences. What do you think went wrong, and how can you prepare for it next time?
@MMNNLL2468
@MMNNLL2468 Жыл бұрын
8 years of studying accounting and just now that I get it 😅 thank you so much for the helpful video!!
@zobair2898
@zobair2898 4 жыл бұрын
My most preferred you tube teacher for accounting !
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Wooo, thanks buddy!
@jasonkatz6067
@jasonkatz6067 3 жыл бұрын
This man is literally carrying my grades, thank you!
@AccountingStuff
@AccountingStuff 3 жыл бұрын
No worries, hope it's all going well!
@sapsalingpusacattalkmaykwe1556
@sapsalingpusacattalkmaykwe1556 2 жыл бұрын
Same as mine. I got the solving thanks to this man. Genius.
@ridozeindytaadicandra6417
@ridozeindytaadicandra6417 3 жыл бұрын
This channel literally change the way accountants see accounting, i never had a creative mindset to see accounting like you sir. Keep up the good works!
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks Rido!
@lindaxiong7588
@lindaxiong7588 4 жыл бұрын
Can you do a video about contra- accounts
@mariannamarianna2319
@mariannamarianna2319 11 ай бұрын
Thank you! This is the best accrual video ever! Not only it is clear but it also goes beyond the basics :)
@muhammadanwarulhaq5128
@muhammadanwarulhaq5128 2 жыл бұрын
You really have no idea how amazingly you make the concepts looks so very easy. You really are wonderful tutor with great in-depth knowledge & have awesome way to teach. ❤️ Thank you 🙏
@hanhan-ch2ll
@hanhan-ch2ll 9 ай бұрын
Currently preparing for my first exam for ACCT 2101, you're a lifesaver!!!
@AccountingStuff
@AccountingStuff 9 ай бұрын
Good luck!!
@100AcreWoodz1
@100AcreWoodz1 4 жыл бұрын
I have been grinding these videos for the past week. You are so much appreciated my man. Thank you!!!
@AccountingStuff
@AccountingStuff 4 жыл бұрын
No worries Timothy!
@christinaahn1887
@christinaahn1887 3 жыл бұрын
Never seen anyone make learning as fun as you do! Thanks for the great video.
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Cheers Christina, hope it helped!
@Paranav375
@Paranav375 3 жыл бұрын
These videos perfectly sync with my lecture content! Thanks so much for making these videos to such a high standard!
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Best of luck with your studies!
@thomasnithin21
@thomasnithin21 4 жыл бұрын
Lockdown marathon update: 27 videos watched 10 videos left to go. Phew
@kingtigercrownestate9102
@kingtigercrownestate9102 2 ай бұрын
Are you in the penitentiary? How did you get locked up?
@sweetshado1871
@sweetshado1871 4 жыл бұрын
Thank you so much.. this really helps a lot.. I liked the method you used in this video it's very clear and easy to understand.
@TheRobbo007
@TheRobbo007 4 жыл бұрын
You’re actually helping me rekindle my love for accounting. Thanks mate!
@AccountingStuff
@AccountingStuff 4 жыл бұрын
That's great to hear!
@emilee2588
@emilee2588 3 жыл бұрын
Your videos are the easiest to follow that I've seen. Thank you for making these!!!!
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Cheers! I'm happy to help :)
@TheElkster
@TheElkster 11 ай бұрын
I've just finished my AAT Level 2 course (and passed, thankfully!) and am about to start Level 3, which talks about Accruals and Prepayments.... I had a quick peek in the Tutorial book and sort of understood what they were talking about - but your easy to understand - and very likeable way in which you explain, has really helped me to see 'how' all the transactions are posted in T-Accounts (as I use an Excel spreadsheet for my accounts currently! Thanks for taking the time to post... I will be be making time to watch (and like) all of them!!!!!!!!! :D
@AA-xk4qu
@AA-xk4qu 2 жыл бұрын
I've been searching for this whole day. You have covered the end bit when invoices receive what you should do. Thank you so much x
@AccountingStuff
@AccountingStuff 2 жыл бұрын
No worries, hope you found it useful!
@MS-es6uq
@MS-es6uq 3 жыл бұрын
probably best accounting videos on YT. and as an accountant I've seen a lot of them. loving it.
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks!!
@lewis9599
@lewis9599 4 жыл бұрын
Thank you so much for all your videos, by far the most informative and high quality out there.
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Cheers Lewis :)
@lorraineuy
@lorraineuy 2 жыл бұрын
You're such a light to this world
@cassierabe2491
@cassierabe2491 2 жыл бұрын
I really love and appreciate how you presented the topic! Salamat! From The Philippines.
@prudenceinoni4690
@prudenceinoni4690 Жыл бұрын
I love this tutorial is very clear to me. understandable than any other tutorials..❤❤❤
@doantrangtrannguyen31
@doantrangtrannguyen31 2 жыл бұрын
This is amazing!!! your 10mins video explains the same thing that my CPA 500 pages book does!!
@filopride619
@filopride619 Жыл бұрын
I love this channel! Going from nursing to accounting in about 2 months helped me become incredibly confident in how to do this whole new career for me, and I am loving every minute of it thanks to you James. Can't wait for more content from you, keep up the awesome work!
@landonwilliams610
@landonwilliams610 Жыл бұрын
I went from nursing to accounting too! People look at me with so much confusion when I tell them hahaha
@filopride619
@filopride619 Жыл бұрын
@@landonwilliams610 Yeah me too! They get very confused as to why and I just say, "people destroy themselves easier financially than physically". So I want to help prevent that.
@twinnyinnocent5741
@twinnyinnocent5741 3 ай бұрын
same here
@milanpintar
@milanpintar 3 жыл бұрын
I can tell that you got together for a laugh with your friends and come up with the exaggerated accentuations, but it's a great idea, working well. I even bought all your help sheets.
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks for your support!! All the best :)
@tiitus.crawford4025
@tiitus.crawford4025 Жыл бұрын
Your videos really help me understand my accounting textbook. Thanks.
@amitferman4723
@amitferman4723 3 жыл бұрын
This is just what I was looking for. My profs defined debit as "left" and credit as "right" and asked us to memorize it. Great explanation!
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks Amit!
@thamzhiyong3161
@thamzhiyong3161 2 жыл бұрын
That definition is kinda what professors only remember
@roslynpaige4442
@roslynpaige4442 11 ай бұрын
I wonder, are profs even accountants? How can they teaching accounting if they aren't' even an accountant themself
@veronicadeleon1964
@veronicadeleon1964 3 жыл бұрын
i think its great you sell these cheat sheets, thank you they are great! Keep posting those videos Handsome!
@alyssac5415
@alyssac5415 2 жыл бұрын
🤯 You make it so easy to learn accounting!
@littlemagicpenguin9576
@littlemagicpenguin9576 4 жыл бұрын
Hey I haven't watched your video for a while, but I still love it so much. Keep on it! Surely recommending it to people I know struggling with accounting!
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Thanks, that would be much appreciated! I'm working on some new videos as we speak
@ilayda9067
@ilayda9067 4 жыл бұрын
You've explained everything very clearly as always. Thanks a lot!
@angelina9505
@angelina9505 4 жыл бұрын
Thanks for explaining it in detail and simple to understand! I've been struggling trying to understand other tutors, but your explanation is to the point and very clear! You have the potential to become an accounting lecturer!
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Great to hear it's making sense, thanks Lana!
@hi-vx4lk
@hi-vx4lk 4 жыл бұрын
If you ever are a tutor online I want to sign up 😉
@muhamadsharizan392
@muhamadsharizan392 3 жыл бұрын
You're the accounting god❤️❤️
@oscarjim570
@oscarjim570 11 ай бұрын
You are wonderful.Your explanation is very impressive.Thanks so much .
@kennedysanders9784
@kennedysanders9784 3 жыл бұрын
I have my accounting midterm tomorrow and these videos are reallyyyyy helping me understand the material!
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Good luck!!!
@kavyasharma6358
@kavyasharma6358 3 жыл бұрын
I just love you man . I understood very clearly. I have been struggling for a long time.. so much love and strength to you.❤️
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Great to hear it's making sense :)
@gariellesamaniego9946
@gariellesamaniego9946 3 жыл бұрын
thank you for making me enjoy in learning more in accounting rather than being exhausted as I suck up these things in my head.
@AccountingStuff
@AccountingStuff 3 жыл бұрын
No worries, I'm happy to help!
@Alastair-ix8pz
@Alastair-ix8pz Жыл бұрын
Another great video. Thank you!
@Ddstairclimber
@Ddstairclimber 3 жыл бұрын
dude I give you credit, your channel makes a good attempt at making accounting cool, if that is ever possible
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Haha, thanks!
@eirene1998
@eirene1998 4 жыл бұрын
This was what I used to do at work but it is still good to review😊👍Thank you James
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Sometimes it's worth revisiting the basics. Glad you enjoyed it
@Luzyschannel
@Luzyschannel Жыл бұрын
This is really helpful! Thank you!
@aloadoftrash2634
@aloadoftrash2634 3 жыл бұрын
Great video, you explain things well and the editing is very nice too! This helped me understand it better rather reading the textbook which is really boring. I watched each video in the series, great work
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks! Great to hear it's making sense :)
@shiwalitate55
@shiwalitate55 Жыл бұрын
your KZbin videos are awesome and it's very easy to understand, It helped me a lot as I never understood accrual and now I am sure what is exactly accrual means and entries. one more thing- you told about the word 'DEALER' in your earlier videos that's also very easy to understand and while doing journal entries I am applying this logic. Please keep posted this kind of videos and you are wonderful tutor. Thanks again sir .
@anthonywurst2548
@anthonywurst2548 3 жыл бұрын
Thanks, man. Your videos are a breath of fresh air. Thanks for making it interesting, man.
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Cheers Tony :)
@isaaclaci7147
@isaaclaci7147 7 ай бұрын
I cannot thank you enough for this video. When you talked about the two accounting triggers, the context made sense. I agree with all the comments, you are a Star !!!!!
@AccountingStuff
@AccountingStuff 7 ай бұрын
Great to hear it's making sense :)
@mattwestelman9359
@mattwestelman9359 4 жыл бұрын
Videos are super high quality. Love it.
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Cheers Matt!
@manuthtechniques3032
@manuthtechniques3032 4 жыл бұрын
You are so great sir, as your videos are helping me a lot. thanks
@Credinellatuastoria
@Credinellatuastoria 5 жыл бұрын
Another amazing video, super helpful, as always!
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Cheers Michele!
@PEbro34
@PEbro34 3 жыл бұрын
Just purchased all of your cheat sheets! Wanted to support my virtual accounting professor lol, keep up the great work!
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Cheers Juan! Thanks for your support :)
@amh9738
@amh9738 2 жыл бұрын
I appreciate ur time to make these great videos that i find extremely helpful.
@AccountingStuff
@AccountingStuff 2 жыл бұрын
No problem at all :)
@vikash545848
@vikash545848 3 жыл бұрын
Thanks for this detail video..you go to the indepth concept so we are able to understand it clearly.
@AccountingStuff
@AccountingStuff 3 жыл бұрын
No problem, happy to help :)
@victoriarevenco7005
@victoriarevenco7005 4 жыл бұрын
Thank youuuuuu for theses videos , you're way better than my uni teacher!!!!
@AccountingStuff
@AccountingStuff 4 жыл бұрын
No worries Victoria, you are most welcome
@juliabelouis1775
@juliabelouis1775 3 жыл бұрын
Thank you !! The whole series is SO helpful. Watching from Toronto :)
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Cheers Julia! All the best with your studies :)
@ashrafulmahmud7866
@ashrafulmahmud7866 3 жыл бұрын
You are the best teacher
@tamersite
@tamersite 20 күн бұрын
Amazing work! You do an excellent job explaining these concepts!!
@AccountingStuff
@AccountingStuff 19 күн бұрын
Thanks, glad you enjoyed it!
@ashh636
@ashh636 3 жыл бұрын
YESSSSS I NEED THIS SO MUCH
@mariajankowsky
@mariajankowsky 2 жыл бұрын
Thank you so much! Great staff...simple and easy
@AccountingStuff
@AccountingStuff 2 жыл бұрын
No problem, you're welcome :)
@Sarah-ms6uh
@Sarah-ms6uh 2 жыл бұрын
This is soo helpful thank you soo much !
@infullbloom3844
@infullbloom3844 8 ай бұрын
Wow ! You make accounting so easy. Thank you
@AccountingStuff
@AccountingStuff 8 ай бұрын
You're most welcome :)
@thasleeminthash4435
@thasleeminthash4435 5 жыл бұрын
Godddddd your amazing .. thanks a lot for making me get this ....... finalllllllyyyyy .... got this accrued thing into my head
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Hey Thasleem! Thanks, glad to hear it's making sense for you!!
@ambroiseondoa7357
@ambroiseondoa7357 4 жыл бұрын
Great video, very explicit
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Cheers Ambroise
@bergaaaaaaa
@bergaaaaaaa 3 жыл бұрын
You are just amazing!
@frimpongsabatocollins5543
@frimpongsabatocollins5543 2 жыл бұрын
very clear and fantastic explanation.
@AccountingStuff
@AccountingStuff 2 жыл бұрын
Thanks! All the best :)
@nomad_grant
@nomad_grant 5 ай бұрын
Fantastic explanation as always!
@AccountingStuff
@AccountingStuff 5 ай бұрын
Thanks!
@thasleeminthash4435
@thasleeminthash4435 5 жыл бұрын
i like the method you use to teach ... keep it up ...
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Cheers mate
@iditah
@iditah 10 ай бұрын
Excellent explanation. Many thanks for your easy way of let one understand.
@AccountingStuff
@AccountingStuff 9 ай бұрын
Thank you thank you
@qingyanwang7081
@qingyanwang7081 4 жыл бұрын
Your videos were totally incredible! I've never commented for any videos before except yours haha
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Thanks! I'm honoured to receive your first comment! All the best
@Precocity12
@Precocity12 Жыл бұрын
This channel is very essential it build up my knowledge. Please sir I need economy from a to z
@user-nw4hl5vj7q
@user-nw4hl5vj7q 3 жыл бұрын
thank you for explanation! your video editing is a another amazing stuff !
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Cheers, glad you enjoyed it!
@raneilfederico2865
@raneilfederico2865 2 жыл бұрын
Thank you so much for this!
@cristinamarrone8515
@cristinamarrone8515 3 жыл бұрын
Excellent explanation, I am an italian bookkeeper but the rules are the same and it has helped me so much !
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thank you! Yes, these basic principles are universal
@vikeshparmar8429
@vikeshparmar8429 3 жыл бұрын
Wow.... This Video is too Helpfull for my Accounting knowledge Thankyou so much....😊
@AccountingStuff
@AccountingStuff 3 жыл бұрын
No worries Vikesh :)
@hayleynonu3974
@hayleynonu3974 11 ай бұрын
Thank u sm for your great works and efforts you put into this video helping me so much for further exams
@archanarao_
@archanarao_ 2 жыл бұрын
Thank you for this amazing explanation!
@AccountingStuff
@AccountingStuff 2 жыл бұрын
You're most welcome :)
@mary-annewillis2057
@mary-annewillis2057 3 жыл бұрын
Amazing brilliant and talented. Makes it so easy to understand
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks for your kind words!
@kaceykleineck
@kaceykleineck 3 жыл бұрын
I am two months into my first accounting class. Your videos are easy to follow and understand, unlike my instructor. Amazing job! Thank you tremendously
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Cheers Kacey!
@marveloussuperboy6370
@marveloussuperboy6370 Жыл бұрын
Heck same
@limliangyan8284
@limliangyan8284 2 жыл бұрын
Thanks!!!!!!!!!! High quality content.
@AccountingStuff
@AccountingStuff 2 жыл бұрын
No worries, all the best!
@reviindrawan9881
@reviindrawan9881 4 жыл бұрын
Thanks, now i got better understanding about AE
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Nice one! Adjusting Entries can be tricky at first, but they really aren't too bad once you get your head around them
@ArsenicCriminal
@ArsenicCriminal 3 жыл бұрын
thank you so much for this. So accurals are accounting tools to account for when an expense is accured but not paid. And their purposes are so that the financial statements are more accurate :)
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Pretty much! But be careful because 'Accrual' can also mean 'Accrued Revenue' so the definition is broader than Expenses
@ngochatubao6839
@ngochatubao6839 2 жыл бұрын
You've saved my student life! @..@
@Jayorsomething
@Jayorsomething 4 жыл бұрын
Amazing content brother!
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Thanks mate!
@MrBundykins
@MrBundykins 2 жыл бұрын
Very helpful 😇
@perriwallace8639
@perriwallace8639 3 жыл бұрын
💛 thank you! I’ve finally stopped banging my head against the desk
@AccountingStuff
@AccountingStuff 3 жыл бұрын
No problem, hope it helps!
@nancyhamacher3047
@nancyhamacher3047 3 жыл бұрын
Very nice how you explained everything 👍
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thank you 🙂
@DT-og7hs
@DT-og7hs 2 жыл бұрын
Amazing you explained clearly and supper pronounced. Thank you so much dear😍
@AccountingStuff
@AccountingStuff 2 жыл бұрын
Glad you liked it :)
@Azhark94
@Azhark94 3 жыл бұрын
The legend we needed.
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks :)
@Sarah-ms6uh
@Sarah-ms6uh 2 жыл бұрын
I don’t understand anything in school, this will definately help me get a good grade in account.. bless you !✨❤️
@AccountingStuff
@AccountingStuff 2 жыл бұрын
You've got this!! Best of luck :)
@laurenbutler4831
@laurenbutler4831 3 жыл бұрын
i love this guy
@angieholland9648
@angieholland9648 2 жыл бұрын
You are TOO GOOD
@ShabirAhmad-lw4yq
@ShabirAhmad-lw4yq 3 жыл бұрын
This is what Explanation Weldone
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks Shabir!
@akankshagupta8041
@akankshagupta8041 3 жыл бұрын
Great Channel!
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks Akanksha!
@Maphip
@Maphip 2 жыл бұрын
I enjoyed this video with the background sound I understand everything
@AccountingStuff
@AccountingStuff 2 жыл бұрын
Great to hear it's making sense!
@umwhat1574
@umwhat1574 3 жыл бұрын
Great video 👍🏼
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks!
@Middle_East_Tamil
@Middle_East_Tamil 4 жыл бұрын
Well explanation.thanks
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Cheers Praveen
@palavirajgude5717
@palavirajgude5717 3 жыл бұрын
Dude, you awesome!
@FRANKWHITE1996
@FRANKWHITE1996 4 жыл бұрын
Well explained. Thanks.
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Cheers Frank!
@sanjayabhimanu8622
@sanjayabhimanu8622 2 жыл бұрын
Very nice video
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