Hey there, it's been a while!! Ledgers confused me for a long time when I started out in accounting. I hope you find this explanation helpful. If you have any suggestions for future vids then please let me know :) ⏱️TIMESTAMPS 00:00 - Intro 00:08 - General Ledger Definition 00:25 - History of General Ledger 01:19 - Ledger Definition (Old) 01:28 - Types of Ledger (General Ledger vs Subledger) 02:04 - Ledger Definition (New) 02:13 - General Ledger Definition (New) 02:22 - Channel Memberships 02:43 - EXAMPLE 1: MANUAL JOURNAL ENTRIES 05:46 - EXAMPLE 2: AUTOMATIC JOURNAL ENTRIES & SUBLEDGERS 09:03 - Outro
@mapl3af4 жыл бұрын
Could you talk about your work experience and what you liked / disliked the most about your work? (Auditor, industry, public accounting etc)
@AccountingStuff4 жыл бұрын
@@mapl3af Thanks for your suggestion!
@mapl3af4 жыл бұрын
@@AccountingStuff no problem! It's always refreshing to see a channel related to accounting. I'm a student and I'm always looking for new resources :)
@biLLisboredmlg4 жыл бұрын
Would love to see a video about accounts receivable, notes receivable, bad debt expense, the allowance method and direct method. Or maybe one about financial fraud as well ;) Love the channel btw
@AccountingStuff4 жыл бұрын
@@biLLisboredmlg Thanks for all your suggestions!
@TheOriginalNikkiSerenity Жыл бұрын
Thank you so much for the visual. People forget we retain 20% of what we hear and 60% of what we see. I appreciate you
@muradmuradov88954 жыл бұрын
A cute girl in my class recommended you thanks to her and You, I managed to pass my exam after failing.Great job keep up the good work man!
@AccountingStuff4 жыл бұрын
Congrats on passing! That's awesome news :)
@nightking94354 жыл бұрын
Marry the girl, then make Accounting Stuff the best man.
@muradmuradov88954 жыл бұрын
That's the plan then. Wish me luck 😃
@abdunabinurmatov11624 жыл бұрын
@@muradmuradov8895 u study at wiut?
@muradmuradov88954 жыл бұрын
@@abdunabinurmatov1162 If you're asking am I studying in Taskent, no But in IMC
@mdh38553 жыл бұрын
8:37 I am a Functional Consultant for an ERP, and I love the way you made it crystal clear how the entries affect the ledgers, sub-ledgers and the GL
@AccountingStuff3 жыл бұрын
Thanks, glad you enjoyed it!
@aysha1114 жыл бұрын
YOU HAVE HELPED ME SO MUCH, please do carry on with advanced accounting stuff✌🏽 I’ve officially understood the diminishing balance, straight line and your visual start helps alot. Thank you
@AccountingStuff4 жыл бұрын
Thanks Aysha and cheers for your suggestion!
@kwonjihoon22703 жыл бұрын
I feel like I've been enlightened to new learning when it's supposed to be a review for me. I am really thankful that you upload very informative accounting stuff. This is a really big help to me since I am studying accountancy again after 9 years.
@AccountingStuff3 жыл бұрын
No problem, all the best with your studies!
@HectorGarciaCPA4 жыл бұрын
Brilliant stuff man.
@AccountingStuff4 жыл бұрын
Cheers Hector!
@tomstanely3 жыл бұрын
Oh my god. I finally understand the difference between an account and a ledger, and also a subledger and the general ledger. The accounting software automates this so much that it's so hard to grasp this. All other videos explain the differences without considering the fact that we use software these days. But I love how you explained it to us, who don't use "books" and instead use software to keep records.
@AccountingStuff3 жыл бұрын
Thanks! Honestly this topic used to confuse me so much as well. Glad it's making sense for you :)
@christinwoodrow92973 ай бұрын
I know this is a much older comment, but I second it. I finally get how to actually do journal entries and what the software does in the background. Thank you do much!!!
@iliveitup74183 жыл бұрын
Thanks mate. I am doing a MBA and have zero accounting background. These videos are helping me more than any other accounting handbook out there. Cheers!
@1986Unlimited3 жыл бұрын
This is a great channel. Your visuals and graphical transitions added into the videos really help a visual learner like me, understand things much more easily. For example, those graphical transitions from the Journal Entry into the Subledgers and into the General Ledger makes that difference. It compliments your already great explanations. Thanks so much. Cheers from Canada
@44godson Жыл бұрын
This clarified the process a lot simpler than in my textbook. I will have to review a few times just so I can encapsulate the process and have no questions. Thank you
@garethwright9820 Жыл бұрын
I'm just starting my AAT Level 2 course from a standing start in regards to accounts knowledge and I'm finding your videos so helpful! I love your teaching style - everything is clear and concise, and I like how you avoid going off on a tangent by recommending other videos if something isn't making sense. What a great revision tool. Thanks so much!
@AccountingStuff Жыл бұрын
Thanks Gareth, all the best in your studies!!
@garethwright9820 Жыл бұрын
@@AccountingStuff Cheers, James! I got my result back for lvl2 this morning, and I passed with a distinction with 96% for the whole course! 😁
@danielagonzalez173 жыл бұрын
The lady that used to do this at my job left. Now I'm doing it and learning with no accounting background what so ever. And here I am. Thankyou!!!!
@AccountingStuff3 жыл бұрын
Ouch! That's a tough situation to be in. Best of luck with it
@sadafchowdhury28854 жыл бұрын
I had an exam on general ledger tomorrow! Omg you're a life saver James! Thank you for making these cool videos!
@AccountingStuff4 жыл бұрын
Best of luck in your exam! Let me know how it goes :)
@amh97384 жыл бұрын
You are the best utube channel for accounting what brilliant way to explain topics that many would not think they can understand them
@AccountingStuff4 жыл бұрын
Thanks for your kind words!
@joshpampers4 жыл бұрын
I'm doing a MSc and this is helping lots bro, really appreciate your work. I need to buy you a beer.
@AccountingStuff4 жыл бұрын
All good Joshua, glad you're finding these useful. Best of luck with your MSc!
@jewris.art114 жыл бұрын
Welcome future accountants 😇
@speak_music_tnt Жыл бұрын
What about the CPF people? CPF=cramp pass forget
@zoharizwan1129 Жыл бұрын
i just started and i am definetly not enjoying the general ledgers lol
@user-zi2ry9ik1i Жыл бұрын
Shit career option unless you are corrupt
@HighwayToOblivion19 ай бұрын
Nah after this year I'm dropping it now it's getting hard
@scarlettnatalia9 ай бұрын
Hiiii
@italopessoacontador3 жыл бұрын
I’m Brazilian and I appreciate your video’s Chanel
@jackmarkwell17134 ай бұрын
Such a helpful content creator bought his cheat sheet and I don't regret it one bit, all I want to say is thanks bro keep up this top tier content.
@AccountingStuff4 ай бұрын
Thanks Jack! That's great to hear. All the best :)
@hecgar10163 жыл бұрын
certainly on youtube is where you find the best education, thanks for your help!
@johnathanvanderschyff3513 Жыл бұрын
This is the thing I struggled the most with during class because it never really made sense until now. Thanks for making it easy and simple to understand! I wish that I had searched this before I started Grade 9.
@phantom47033 жыл бұрын
You've got better video quality and content than channels with millions of subscribers - Keep going and you'll be there in no time!
@AccountingStuff3 жыл бұрын
Thanks for your kind words :)
@jayzee263410 ай бұрын
Top tier video man!
@AccountingStuff10 ай бұрын
Thank you :)
@brandongood54014 жыл бұрын
Definitely should make a video about bad debt! That would be really awesome!
@AccountingStuff4 жыл бұрын
Cheers for your suggestion :)
@tomstanely3 жыл бұрын
@@AccountingStuff And provision for doubtful debt too :D
@barrygriffies4599 ай бұрын
Watching all your videos to prep for an interviews. You’re the man
@AccountingStuff9 ай бұрын
Best of luck in your interviews :)
@barrygriffies4599 ай бұрын
@@AccountingStuff it went well and I’ve moved onto phase 2 where I meet with the controller of the company next! I have an accounting degree but been doing more billing more so I will be watching all your videos to refresh my brain!
@AccountingStuff9 ай бұрын
Nice one! Fingers crossed 🤞@@barrygriffies459
@terri00755 ай бұрын
You are a star. No, you are the brightest star💥. You don't take anything for granted which is definitely what I need as a Systems Engineer learning Accounting
@AccountingStuff5 ай бұрын
Glad you found it useful :)
@ourlittleworld7064 Жыл бұрын
I have been breaking my head on Finance and specifically General Ledger and ur video made it easy like a cake walk........ Thanks a tone!!!!!!! Bless u :p
@AccountingStuff Жыл бұрын
No problem, glad it's making sense! This topic confused me for so long
@UnknownMFe9 ай бұрын
These are really fun to watch and they actually help with my studies too. I'm treating this like a new series to binge haha :)
@AccountingStuff9 ай бұрын
Thanks, glad you're enjoying them
@StevesterLi4 жыл бұрын
I am just soo glad I found your channel. a few videos in and the help is already greater than all other channels combined. You are doing god's work. thank you so much
@AccountingStuff4 жыл бұрын
Cheers Steve, I'm glad you're finding them helpful. All the best!
@Abecinna3 жыл бұрын
James thanks a lot, tomorrow is my accounting quiz. Here I had a much better time getting my head around it than ever before.
@AccountingStuff3 жыл бұрын
How did it go?
@Abecinna3 жыл бұрын
@@AccountingStuff 14/15😇thanks again
@AccountingStuff3 жыл бұрын
@@Abecinna Congrats!!!
@MyRockMyFortress3 жыл бұрын
Fantastic video! You make accounting simple. I have learned more from your videos than all the classes I took in college.
@AccountingStuff3 жыл бұрын
Thanks buddy! Hope your studies are going well :)
@fadiajouli47793 жыл бұрын
Hi James, thank you for your videos, I'm about to start my accounting course and searching KZbin I found your videos among the best that I have watched so far, very clear approach. big thumbs up!!
@AccountingStuff3 жыл бұрын
Best of luck in your course!
@loveless07293 жыл бұрын
Your videos have been an absolute life saver the last few weeks!! thank you!
@AccountingStuff3 жыл бұрын
Cheers Taylor, glad you're finding them helpful!
@bl85963 жыл бұрын
This channel just keeps on giving! Thank you James!
@AccountingStuff3 жыл бұрын
You're most welcome :)
@daarkthunderr3 жыл бұрын
thanks so much .please dont stop .your way in explaining things is so amazing
@AccountingStuff3 жыл бұрын
Thanks! I plan to release many more of these :)
@marcusc44766 ай бұрын
I just have to say. I genuinely love the fake business names. "I Want To Hold Your Udder" just took it to another level. Also fantastic work you are doing to explain these accounting principles!
@AccountingStuff6 ай бұрын
Thanks, great to hear you enjoyed it!
@itx_shayyna5593 жыл бұрын
No words man!! I have started accounting and found your channel...these videos are simply amazing...entertaining as well as informative...You are a LegenD.. a big round of applause and appreciation for you👏👏👏👏👏
@AccountingStuff3 жыл бұрын
Thanks! Glad you're finding these helpful. All the best with your studies :)
@itx_shayyna5593 жыл бұрын
@@AccountingStuff I have started mY own accounting channel now...In Urdu❤
@tehilacastro2230 Жыл бұрын
thank God I found u love the way u transfer and relate the different accounting methods
@jaretwilliams25644 жыл бұрын
Keep posting these great videos! I'm taking my first accounting class this semester and found your channel
@AccountingStuff4 жыл бұрын
Will do! Best of luck with your classes
@habeebbabatunde817 Жыл бұрын
Simple, easy to understand and follow through. Good work👍👍👍
@AccountingStuff Жыл бұрын
Thanks!
@naveenkgeorge20004 жыл бұрын
Your editing and visual presentation is mind-blowing
@AccountingStuff4 жыл бұрын
Cheers Naveen!
@Smar7ty8 ай бұрын
Wow, all of your videos are so easy to understand, and very interesting to watch. Thanks to you i understand accounting even better. Keep up on your work🥳
@AccountingStuff8 ай бұрын
Thanks, great to hear you're finding the channel useful!
@thesyedhouse19812 жыл бұрын
hey thankyou i under stand more from you than my teacher
@garyshaeffer53494 жыл бұрын
I'm not even in college anymore or even an accountant, but I love watching your videos and staying fresh with these principles. Thank you!
@AccountingStuff4 жыл бұрын
Good on you!
@TheRadRingo4 жыл бұрын
"And then they had THE PRECIOUS" had to pause for a minute to stop laughing. Great videos James, you have basically taught me financial accounting over 2 years with these videos.
@AccountingStuff4 жыл бұрын
Haha, glad you enjoyed the Gollum reference! All the best with your studies :)
@JS-pm2gn4 жыл бұрын
Thank you soo much for these! I'm watching these videos and understanding sooo much more than I am in my accounting class!
@AccountingStuff4 жыл бұрын
That's great to hear! All the best :)
@shivaniarunkumar12483 жыл бұрын
I love your videos a lot.. they've helped me understand .. if only our teachers at school taught like this.. Anyway, YOU are a LEGEND ✨
@AccountingStuff3 жыл бұрын
Thanks for your kind words. Hope your studies are going well :)
@wovarino3 жыл бұрын
these videos have taught me more than my teacher
@AccountingStuff3 жыл бұрын
Glad you're finding them helpful :)
@ranchoraccolto3 жыл бұрын
finally understanding accounting and English is not even my first language. but it's great that therms and definitions very well explained..
@AccountingStuff3 жыл бұрын
Glad it's making sense!
@lifezungu69434 жыл бұрын
Ever since I found this page I’ve been getting 90’s on my accounting tests 🙏🏾🙏🏾bigs ups brvh 🔥🔥🔥
@AccountingStuff4 жыл бұрын
Nice one! That's awesome to hear :)
@AnakinNightWalker465 Жыл бұрын
Sir, you are AMAZING! I appreciate every second of your videos.
@AccountingStuff Жыл бұрын
Thanks for your kind words!
@Ivan-qy4lm4 жыл бұрын
I learnt more with this 10 minute video than in many classes
@AccountingStuff4 жыл бұрын
Thanks, I'm glad you found it useful!
@OneGamblor2 жыл бұрын
I am using your videos to help prepare for a job that I am totally under qualified for and it’s helping a lot 😂 thanks a bunch! Have you ever considered a job in marketing? The names of your companies are brilliant.
@fahadibrahim85754 жыл бұрын
Very helpful videos man!! Really appreciate it I have learnt soo much from you My accounting job starts from tomorrow so i am ready thanks to you :)
@AccountingStuff4 жыл бұрын
Congrats on landing you new job! Hope it goes well :)
@akshat60074 жыл бұрын
THE KING IS BACK
@aldrinarmstrongeusebio52012 жыл бұрын
THANK YOU. MAY THE UNIVERSE BLESS YOU. SUBSCRIBED AS A THANK YOU!
@aklilugb64124 жыл бұрын
Keep shining all over us bro. I like you.
@edoceruti63144 жыл бұрын
James you are saving me thank you vary much!! It is a pleasure to watch your videos! Keep going! You are great ! Like to support!!
@AccountingStuff4 жыл бұрын
Cheers for your kind words!
@yousufmohammed57054 жыл бұрын
Oh yes so happy to see you back
@AccountingStuff4 жыл бұрын
Cheers Yousuf!
@ndcarrillo843 жыл бұрын
You're amazing please don't stop making these vids
@AccountingStuff3 жыл бұрын
I plan to make many more :)
@talaw6903 жыл бұрын
whenever i get lost in studying, i come here ! thank you for sharing your knowledge .
@AccountingStuff3 жыл бұрын
No problem!
@peterdavila30453 жыл бұрын
At 6:39 in the video, the "I Want To Hold Your Udder" account. That was great. Just for that, you get 2 thumbs up. One thumb for great videos and the other for the cow.
@anushkasharma48523 жыл бұрын
Just write your own Accounting book, I'll read that okayyyyyyyyyy!!!!!!!!!!!!!! PS: Please cover other aspects of corporate accounting. I would really really love to watch your content on that.
@AccountingStuff3 жыл бұрын
Perhaps someday! Cheers for your request
@laurenfino66863 жыл бұрын
you literally saved my life
@KA-oi4yf2 жыл бұрын
Thanks a ton sir! Respect from India🔥🌻
@Lord_Winston4 жыл бұрын
Bravo! Keep up the hard work! Greetings from the Atlantic ocean!
@AccountingStuff4 жыл бұрын
Cheers Harry, will do!
@oybekdavronov56382 жыл бұрын
thank you brother making it clear, uni does teach like you, easy plain
@ZarahSadruddinNanji3 жыл бұрын
Love it James! Thank you for making these awesome videos!!!
@christineliberty190010 ай бұрын
This is SOOOOO helpful! A million thanks!🤩
@AccountingStuff10 ай бұрын
You're very welcome :)
@s.marsaiah Жыл бұрын
Thanks bro, i have an economics management sciences exam tomorrow
@AccountingStuff Жыл бұрын
Good luck!!
@JacksonC-8000 Жыл бұрын
Thank you for the Beatles puns. It makes learning accounting much easier so I don't cry instead.
@AccountingStuff Жыл бұрын
Thanks, glad you enjoyed it!
@johncrabtree62734 жыл бұрын
He’s back!!! Was starting to get worried!
@AccountingStuff4 жыл бұрын
Cheers John :)
@johncrabtree62734 жыл бұрын
@@AccountingStuff I was genuinely abit concerned! But I’m glad if you’re keeping safe and well during these crazy times! Thanks for the excellent content and the great energy you bring to these topics! Really makes a huge difference to grasping it all and keeping the motivation to keep learning :) all the best x
@AccountingStuff4 жыл бұрын
@@johncrabtree6273 No worries, it's been a mad year that's for sure. Hope you've been keeping safe and well!
@brunabraz5853 Жыл бұрын
You rock James ! Thanks for all !
@omarriaz31874 жыл бұрын
So good to see you back buddy. I was just going to comment on a few posts, asking for a comeback but its happened on it's own. Brilliant xD Hopefully have a lot in store for us now😛 Only way we can pass haha
@AccountingStuff4 жыл бұрын
Cheers Omar, I appreciate your support! I have plenty of new videos in the pipeline :)
@Khanbaba-kt8gz4 жыл бұрын
Finally you made a video, after a long time ❤
@AccountingStuff4 жыл бұрын
Yes, I'm back to it now. There are more on their way :)
@KyoheiYoshida4 жыл бұрын
I devoured all of your content in two days... Helped me tons. Would you elaborate on CapEx pleaese?
@KyoheiYoshida4 жыл бұрын
Also, I'm so confused on deferred income taxes.
@AccountingStuff4 жыл бұрын
Cheers for your suggestions!
@ay_beats4 жыл бұрын
This given me a good overall understanding on general ledger thanks 🙏🏽
@AccountingStuff4 жыл бұрын
That's great to hear!
@tishathomas214 жыл бұрын
Hi James. Your way of teaching is exceptional. Can you please do a video on tax base when you get a chance
@AccountingStuff4 жыл бұрын
Hey Tisha, thanks for your suggestion!
@ncknelson3 жыл бұрын
Great content as always
@AccountingStuff3 жыл бұрын
Thanks mate :)
@nikkiau12 жыл бұрын
Do you do your own editing? I love how you teach in telling a story and giving realistic examples! 👍🏽👍🏽👍🏽👍🏽👍🏽
@holtspunk62023 жыл бұрын
Thanks for this sooo much its gonna help me 😁love from a 10th grader (from south africa)
@AccountingStuff3 жыл бұрын
No problem! All the best :)
@pradhiilshak35373 жыл бұрын
Thanks for the stuff I really got an understanding of GL clearly
@AccountingStuff3 жыл бұрын
Nice one! Glad it's making sense :)
@jeandamourmusic57824 жыл бұрын
i follow you here in ZAMBIA, SOUTHERN AFRICA
@talhaaayat72554 жыл бұрын
Man you are a life saver! Can I get a heart?
@AccountingStuff4 жыл бұрын
↗️
@justahumanwithamask40893 жыл бұрын
Finally got this on my 2 rewatch.
@AccountingStuff3 жыл бұрын
Glad it's making sense!
@julianaelizaprovido66332 жыл бұрын
Are T-Accounts and Ledger accounts the same thing? Watching your vids are helping me so much I'm very nervous with the upcoming midterms this is giving hope I'd pass
@DreamFirms4 жыл бұрын
Another great video from your channel!
@AccountingStuff4 жыл бұрын
Thanks Tyler :)
@AndreaIngham4 жыл бұрын
good timing. assignment due today
@AccountingStuff4 жыл бұрын
Best of luck with it!
@marcing71923 жыл бұрын
Great video, greetings from Poland
@AccountingStuff3 жыл бұрын
Thanks Marcin!
@safinakhan86094 жыл бұрын
Your videos really help me...plzz make more videos sir ...about accounting
@AccountingStuff4 жыл бұрын
Will do :)
@blackiebinno6 ай бұрын
We appreciate you so much.❤❤❤
@AccountingStuff6 ай бұрын
Thanks, glad you're finding the channel useful :)
@lenardlong49274 жыл бұрын
Thanks a lot bro always love your explanations. And nice video editing 👍🏾👍🏾
@AccountingStuff4 жыл бұрын
Cheers Lenard!
@helenaludert170824 күн бұрын
Agree with all that you made some amazing videos, but a special shout out to you for taking every opportunity to create the most hilarious cheesy company names :D
@AccountingStuff24 күн бұрын
Haha thanks, glad you appreciated them :)
@Christina-fc7ul9 ай бұрын
Very helpful as we are not taught how exactly the accounting software works
@AccountingStuff9 ай бұрын
Glad to hear it!!
@unbeatable33424 жыл бұрын
Wowwww Excellent video.Thank you very much.☺️☺️☺️
@AccountingStuff4 жыл бұрын
No problem Priya :)
@christshandmaiden4 жыл бұрын
Where have you been!!! Glad you're back!
@AccountingStuff4 жыл бұрын
Thanks, I had a few things to sort out but it's all done now. Back to making vids :)
@AdityaSingh-fn6cu4 жыл бұрын
Please make a video on interpretations of ratio analysis. Really appreciate your efforts mate. keep doing the good work. Cheers
@AccountingStuff4 жыл бұрын
Hey Aditya, thanks for your suggestion!
@virginiaperera97684 жыл бұрын
Hey James!!! Your videos ROCK!! ✌🔥😀
@AccountingStuff4 жыл бұрын
Thanks Virginia :)
@alwells99 Жыл бұрын
Please do a video on best practices for naming digital source files such as electronic receipts to quickly find if audited