Understanding Expenses and Revenue | Bookkeeping Basics Explained

Feeling overwhelmed by expenses and revenue in accounting? I've got your back! Here's the lowdown: expenses are what you spend, revenue is what you earn. Ready to master your financial records? Let's dive in!
In this video, we cover everything you need to know about Expenses and Revenue
Expenses are the costs incurred by a business in order to generate revenue. These can include rent, utilities, salaries, supplies, and any other expenditures necessary to operate the business.
Revenue, also referred to as sales or income, is the total amount of money generated by a business from its operations.
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