Bookkeeping Basics with QuickBooks Online

[@callmekelly9514]

Wish I found this channel back when I was in college! Everything is was clear and easy to understand oh my goodness! Absolutely the best I’ve seen so far here on KZbin! Thank you sir

[@nerdenterprises]

Thank you Kelly!

[@amberjacobs1895]

Dude. I've watched hundreds of bookkeeping videos by now and this is by far THE BEST one I've ever seen. You are an excellent teacher! Thank you so much for doing this!

[@nerdenterprises]

Thank you so much Amber! I really appreciate that!

[@cometravelwithchu]

Thanks for the video. My dad is a CPA and he usually does my business bookkeeping but he has cancer so I am learning how to do it on my own now.

[@nerdenterprises]

I'm so sorry to hear that Andrew! Please let me know if I can help with anything!

[@gregharshman351]

Amazing video. I am in the process of thinking about changing my career and thinking about bookkeeping. Thanks for all the insight! ❤

[@nerdenterprises]

Thank you Greg! I Am so glad this was helpful!

[@TheRealMikeyXZ]

One of the best intro tutorials I've watched so far. Quite in depth with concepts, money flow and navigating the QBO user interface. Definitely helped me understand a few things that other tutorials are lacking. The spreadsheet was extremely helpful.

[@almamydiaby3587]

Where can I get the spreadsheet?

[@oniichan7520]

@@almamydiaby3587 did you get it already?

[@jeremy_317]

Was really focused on the P/L as a small business, but once transition to an accrual-basis, this video became essential. Thanks!

[@nerdenterprises]

Thank you so much Jeremy. I had a client years ago who insisted she did NOT want to look at the balance sheet. Until she was audited and it was using information on the balance sheet that I was able to answer their questions and put the audit to rest quickly! After that she agreed to let me explain the balance sheet to her! Also many businesses may be "cash basis" for tax purposes, but you still need to run your business on an accrual basis. There's a video for that 😉 kzbin.info/www/bejne/mZqTmGiHlJ2iZ68

[@calvinlee1606]

He explains really clear and makes it easy to understand. Thanks.

[@nerdenterprises]

Thank You!

[@celebritytiktoktour1658]

The best video I've found about bookkeeping. You're a great teacher!

[@nerdenterprises]

Thank you so much! This means a LOT!

[@marcelotroncoso83]

What an Excellent bookkeeping video! Seemingly complex topics broken down in a very easy to understand way. Well done and thank you!

[@nerdenterprises]

Thank you Marcelo!

[@dhayglendz8229]

Wooow! thank you so much! so this is bookkeeping with quickbooks online...I am a licensed bookkeeper here in our Country and I want to focused on freelancing but I am not confident because I dont have any idea about quickbooks..Thank you so much for making this easy for us... Just subscribed ...

[@screamhousegames3079]

Great video. I understand now much more than from other people’s video. It would be great if you could continue from this video and give examples of depreciation for the computer and software. Side note: What tax line mapping would you use for internet software for 1120s?

[@franstrickland2570]

Excellent way to teach bookkeeping and QuickBooks at the same time. Highly recommend for beginners .

[@nerdenterprises]

Thank you Fran!

[@teribarajas]

Thank you, thank you, thank you! You are an answer to prayer, I have been so stressed out with not knowing how it all ties together and you explain it so well!

[@nerdenterprises]

Thank you for commenting and sharing this! I am so glad you found this helpful!

[@peterconry6933]

Timeless Learning.Thank You.

[@nerdenterprises]

Thank you Peter!

[@mylespenilla6214]

Very informative! It encourages me pursue book keeping as my niche. Will definitely share this with my friends.

[@nerdenterprises]

Thank you!

[@HuongPham-hk9xm]

Thank you for all of your accounting/bookkeeping videos! Very helpful and easy to understand!!

[@linamartinelli9312]

Thank you this was excellent presentation.

[@nerdenterprises]

Thank you!

[@phindiletsepetsi320]

Even 3 years last this was the most informative video

[@phindiletsepetsi320]

Later

[@CoachShaunie]

Thank you for the extra practice 😁👍

[@LaDeeDah]

Thank you! I love that you explain the bigger picture! That's the only way I can learn, is knowing WHY I'm doing whatever task or action. Just subscribed 👌

[@nerdenterprises]

Thank you!

[@StrongTowerLockandKey]

Barry Allen is the Flash, and this video helped me so much in understand the basics here and I appreciate this so much! Thank you!

[@nerdenterprises]

Thanks Spencer! So glad you found this helpful! What else are you going to do when you have to stay home all day, but watch bookkepeing videos 🙂

[@geetaraghunanan9799]

This is the best tutorial l have ever followed. You are very articulate, your explanations are very simple to follow and l truly appreciate this. God bless you

[@nerdenterprises]

Thank you so much Geeta!

[@saritaylor3648]

Thank You. If it's too fast just go on settings and slow it down 0.5 etc easy. Love your work I learnt a lot

[@nerdenterprises]

Thank you!

[@gricelarroyo3951]

Very Helpful!!! Thank you for the clear explanation. Easy to follow 👌🏻

[@nerdenterprises]

Thank you!

[@sandrawolff9223]

Very helpful, simple explanations, this was a refresher course. Thank you for making this so easy.

[@nerdenterprises]

Thank you Sandra! I have a whole course (over 13 hours of video) on this --> "Bulletproof Bookkeeping with QuickBooks Online" --> new.nerdenterprises.com/bulletproof

[@nicolepinnick5014]

Barry Allen is The Flash, of course! Thanks for the video! It was extremely informative! Great review!

[@nerdenterprises]

Gold Star Nicole! And thank you!

[@trudydecoste4697]

Very Very Very Helpful, explained perfectly...Thank You!

[@nerdenterprises]

Thank you!

[@bridgetduval472]

Thank you! Great video! I'm considering a career change to bookkeeping and have done a few weeks of research in regards to it. This has been the most helpful resource to date!

[@nerdenterprises]

Glad it was helpful! I have a whole course on this called, "Bulletproof Bookkeeping with QuickBooks Online!

[@iphoneskidad]

Thanks! This is very informative and easy to follow

[@nerdenterprises]

Thank you!

[@catalinalee1]

Thank you for sharing this video! I really appreciate it!

[@nerdenterprises]

Thank you! You'll LOVE the course - courses.nerdenterprises.com/bulletproof

[@melonylue9835]

Absolutely love this video! Very informative & helps to refresh a lot I did not remember fully.

[@saharah5539]

I learned quite a bit, I am pursuing a career in the administration world, Thank you for the information and explanations

[@quinnwynes2129]

Thank you! Just subscribed! I have been avidly searching for a video like this that articulates the fundamentals of bookkeeping in QuickBooks without unnecessary or overly complex information. Thanks!

[@nerdenterprises]

Thank you Quinn! As with Janet above, I am not sure why I didn't see this until now.

[@abrahammanzo2455]

Thank you! I will definitely download to practice. Also will share with my family, friends, and pets!

[@nerdenterprises]

Have fun!

[@kathiewhite1852]

This is the most helpful look at basic books that I have seen. Very well presented.

[@nerdenterprises]

Thank you Kathie!

[@Janet-zh9rn]

Barry Allen is the Flash; Clark Kent is Superman; Oliver Queen is Green Arrow; Diana Prince is Wonder Woman; Tony Stark is Iron Man and Victor Stone is Cyborg - love that you used super heroes (mainly DC) as the customers! Thank you for the great tutorial!

[@nerdenterprises]

Thank you! Now you know what I like to do in my spare time 😉. I love Marvel and DC. Never understood the rivalry!

[@Janet-zh9rn]

@@nerdenterprises 😊 I never understood the rivalry either. I love both too!

[@arvaj2840]

This video rocked and you did an outstanding job. I had no clue where to start with booking or accounts and now I feel comfortable enough to start. Thanks again.

[@nerdenterprises]

Thank you!

[@ladyluck2607]

Super clear steps!! Great video :)

[@nerdenterprises]

Thank you!

[@AC-op4ut]

Excellent presentation

[@nerdenterprises]

Thanks AC!

[@joesellepena9395]

very helpful. Thank you!❤

[@kamilamamadieva8526]

God bless you Seth for sharing knowledge! Amazing video 👏

[@nerdenterprises]

Thank you!

[@sathsah1593]

Thank you, great video for a quickbooks beginner

[@k.l.g.5786]

Thanks for this informative Video and Spreadsheet. I have a better understanding now.

[@ssigitas69]

Thank you so much for this video. It good reminder for me, as I finished college 7 years ago and didn't use my knowledge for a wile. I've got question as well. What version QuickBook to use for learning purpose for bookkeeping? It is enough Simple Star or better need Essentials?

[@suckstobesam700]

Very clear and awesome

[@nerdenterprises]

Thank you so much!

[@kathyemory5581]

Great concepts for someone who has used Quickbooks quite a lot but still finds Debits and Credits a mystery.

[@nidiapierre4741]

Excellent! Very helpful. Thank you so much!

[@shivalibhatt6984]

loved the video , though I'm very new for this, I understood it clearly. Thank you so much. All I need to do is more practice.

[@SP-cq3og]

Deeply grateful for this free video!

[@nerdenterprises]

Thank you! Check out the course in the description for more.

[@angelaldana6078]

With a Tapout shirt what a legend 30:32

[@nerdenterprises]

LOL. A long time ago, in a galaxy far, far away I was the in charge auditor for their financial statements 😉

[@louisewildfire2630]

Thank you I loved that you explain the bigger picture

[@fatimateixeira8124]

Thank you ! Very detailed video! I'm starting to do bookkeeping and I found it very helpful!

[@nerdenterprises]

Thank you! If you liked this then you will love my full length course called, "Bulletproof Bookkeeping with QuickBooks Online" --> new.nerdenterprises.com/bulletproof

[@patrickjohnson5464]

This is glorious, I have been researching "udemy quickbooks payroll" for a while now, and I think this has helped. Have you heard people talk about - Aleacob Marvelous Ascendancy - (Have a quick look on google cant remember the place now ) ? It is a smashing exclusive product for discovering how to master quickbooks without the headache. Ive heard some incredible things about it and my cousin got great success with it.# Fatima Teixeira

[@danielatomescu3487]

Just wonderful, I been tryin to find out about "learn quickbooks for free online" for a while now, and I think this has helped. Have you heard people talk about - Aleacob Marvelous Ascendancy - (should be on google have a look ) ? It is an awesome one off guide for discovering how to master quickbooks without the headache. Ive heard some amazing things about it and my mate got cool success with it.

[@mattdemers8852]

great info, so clearly presented!

[@johncarlopolicarpio6734]

thank you, i learned a lot.

[@ellenyin2161]

Thank you so much for this extremely detailed video!

[@nerdenterprises]

You are very welcome! Please tell others about it, or share it :)

[@victorcampecino9779]

I like the way you presented the lessons. It is easy to understand. Thank you

[@nerdenterprises]

Thank you!

[@sab1066]

This video was amazing thank you 🔥🔥🔥

[@pattimason7204]

Thank you, very informative!

[@nerdenterprises]

Thank you Patti!

[@stephaniesangabriel6586]

It's very easy to understand. Thank you.

[@nerdenterprises]

Glad it was helpful!

[@kungathinley5782]

Very informative video n great teacher.. thank u so much ...

[@dwightdesir5813]

Thanks for your well done job sir!

[@carlospena5942]

thank you for your time.

[@Ernesto.R.]

Enjoyed every minute! Thanksks!

[@mariagstorm9244]

Thank You

[@amanohar5]

Course was simple to understand

[@aryelalexis2011]

Amazing and great speed! Thank You

[@johng1308]

Terrific basic overview. Love your comic book references!! (DC, not Marvel).

[@felicianaabrera6009]

Informative, I want to learn more about quick books online

[@nerdenterprises]

Thanks! I have a whole course on the subject called, "Bulletproof Bookkeeping with QuickBooks Online.

[@tariqhameed1699]

very informative and well explained basics of bookkeeping , i would really appreciate if you may also show us how to record depreciation in the books with the example of buying fixed asset of computer equipment!

[@jennylynarostique4484]

Excellent tutorial👍👏

[@nerdenterprises]

Thank you. If you liked this you're going to love the course!

[@rtorbert0406]

Excellent...Great Energy!

[@hollylacy3452]

Great video. It helped a lot. Do you have a follow up for next steps after this particular video?

[@nerdenterprises]

Hi Holly! If you want a GREAT free resource, here's a link to a list of my KZbin videos that I've organized like a course in Notion to make it easy to go through sequentially or use as a reference library: nerdyurl.com/Bulletproof-Playlist

[@nanditasaha3658]

Thank you for the lovely video.

[@renusanghera393]

VERY INFORMATIVE. THANK YOU

[@nerdenterprises]

Glad it was helpful!

[@clareshine1875]

Thank you. I'm new using QB and this was very helpful.

[@stephanieramirez3456]

Where can I get the google sheet? Is it no longer on your site?

[@karrasison3593]

I love Barry Allen.. and you too for making this awesome video! Gracias!

[@nerdenterprises]

Thank you!

[@venus117sg]

thank you sir

[@nerdenterprises]

You're welcome! You can get a 6 part mini series for free by opting in on my site ==> new.nerdenterprises.com

[@mahdichaal8756]

Great teacher Thanks .

[@nerdenterprises]

Thank you!

[@jonathanrhammon1020]

I am watching this on KZbin and I don't see where the link is posted you refer too

[@nerdenterprises]

All the links are in the description above. Click where it says "Show More."

[@rezielmeraabuhan1488]

Thank you so much sir!

[@nancymaina8392]

Very helpful 👍 thanks

[@dipendrabashyal4743]

Wow very informative and just subscribed

[@oniichan7520]

hello sir nerd where can i get the docs t accounts ?

[@joshcrawford4225]

Hi I was wondering if you can share your template, web link doesn't seem to work.

[@nerdenterprises]

Sorry about that. The problem has been resolved. The link should be working now.

[@joshcrawford4225]

@@nerdenterprises Thats Great thank you

[@acc10payable]

Thank you

[@DEXYUR]

Love this. Great video

[@nerdenterprises]

Thank you!

[@tinagibson7535]

Great information to learn. Thank you!!

[@nerdenterprises]

Thank you!

[@monicasotirakos3470]

Excellent video, thank you!

[@nerdenterprises]

Thank you!

[@pattyrichter6406]

I really like the way you explain things . Curious if your course is in Canadian pricing or American?

[@nerdenterprises]

Thanks! I am based in the USA, so prices are in US $.

[@purusothamanr5593]

Wow....great work....

[@nerdenterprises]

Thank you!

[@rinkspatel3003]

you are great. Thank you

[@nerdenterprises]

Why thank you very much!

[@dailysports6214]

Hello, Please see the transaction 2. I am not clear about that. A= L+ E ( here not applicable) I think If A/R increase then Revenue also Increase by service So it should Service Revenue Debit So I think th

[@nerdenterprises]

A/R is an asset which is increased by a debit. Revenue is income, which is increased by a credit. That's how it balances. You have to understand the different account types and what increases or decreases them (Debit vs Credit). It's not always the same.

[@kvietok31]

Very useful video, thank you!

[@nerdenterprises]

Thank you!

[@donttread5414]

Are foreign currency gains/losses unavoidable? Im a US LLC so my home-currency is USD. If I have foreign-currency activity without converting to USD will I always have gains/losses? Let me explain: Say I have a GST liability account (CAD). I make a sale in Feb and collect $1000 GST. The CAD/USD exchange is 0.80 so my balance sheet will show a GST liability of $800 USD. On Apr I remit this $1000 GST to the CRA, but the CAD/USD exchange is now 0.70 so my GST liability is now $100 USD. I'd have to DR GST liability $100 & CR curreny gain $100 and pay tax on it. In this scenario, I recieved and remitted $1000 CAD to the CRA. I am being taxed on a gain I never realized. Is this simply unavoidable for transacting in foreign currency?

[@rowenacejas2081]

thank you, very informative :)

[@frankgonzalez9037]

awesome video! the links to sign up and get the template are not working, can i get any help finding the template elsewhere? the website only says log in no where to sign up. thanks!

[@nerdenterprises]

Sorry for the confusion. I just updated the video's description. You do need to set up a free account on my site to access this (and a whole lot of other content): Do that here ==> www.nerdenterprises.com/join-the-nerd-buzz-community Then the link to get the template will work perfectly!

[@shellylahn9742]

how do you get quickbooks payroll to come up on your register

[@Spenserifically]

Thank you for the great video!! I appreciate the behind the scenes view into what is going on in QBO!! Your explanations were very clear, and for me your humor was a welcome touch

[@nerdenterprises]

Thank you Janet! Sorry I didn't see this sooner!

[@Kumudha73]

Thank you !