BookkeepingMaster
BookkeepingMaster
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Prepayments & Accruals Explained I Part 1
This series will teach you the basics of prepayments and accruals. This video in particular is an introduction to prepayments.
Next Video:
Tutorial Outline:
0:00 Episode Start
2:36 Prepayment Basics
4:52 Why are Prepayments Needed
6:50 Prepayments Explained
9:58 Common Prepayment Expenses
#bookkeeping #accounting #advancedaccounting #prepayments #prepayment
30-day FREE trial for Sage Business Cloud Accounting - sage.qumg.net/AVy3J - NO card needed
Free Bookkeeping and Accounting Course - bit.ly/2QuawOi
The ULTIMATE bookkeeping and accounting course - bit.ly/3SBbwkJ
Learn Sage: bit.ly/3fry3BG
Learn QuickBooks: bit.ly/3y19MbU
Learn Xero: bit.ly/2U5PsA9
The Bookkeeping Master is dedicated to free bookkeeping and accounting content. Our videos cover basic and advanced accounting principles, accounting software tutorials, and various accounting and finance courses. Learn more and take our free lessons at: www.freebookkeepingaccounting.com/
Переглядів: 319

Відео

Learn Management Accounting: Part 6 - Graphs, Charts, Budget Variance, Forecasts, etc.
Переглядів 36014 днів тому
The final video in my Learn Management Accounts series covers other reports which may be included, such as graphs, charts, and budget variance. Next Video: Tutorial Outline: 0:00 Episode Start 0:45 Other Reports 1:47 Using Line Graphs 3:26 Using Tables 4:19 Using Bar Charts #managementaccounting #accounting #finance #bookkeeping 30-day FREE trial for Sage Business Cloud Accounting - sage.qumg.n...
Learn Management Accounting: Part 5 - Aged Debtors Report, Aged Creditors Report, Explained, etc.
Переглядів 41021 день тому
In this video of my Learn Management Accounts series, I cover the what, why, and how of aged debtors' and creditors' reports. Next Video: ua-cam.com/video/5C6yqyBNMEs/v-deo.html Tutorial Outline: 0:00 Episode Start 0:37 What are the Aged Debtors and Creditors Reports? 3:50 Aged Debtors Example 8:41 Aged Creditors Example 9:52 How to Create an Aged Debtor Report 12:45 How to Create an Aged Credi...
Learn Management Accounting: Part 4 - The Balance Sheet, What is a Balance Sheet, How to Create, etc
Переглядів 55828 днів тому
In this episode, I teach about the balance sheet-what it is and how to create one. The balance sheet is also called the statement of financial position. Next Video: ua-cam.com/video/ZCUa4RhcZB0/v-deo.html Episode Outline: 0:00 Episode Start 0:15 What is a Balance Sheet 1:34 Balance Sheet Example 5:33 How to Create a Balance Sheet 15:58 The Accounting Equation #accounting #bookkeeping #balancesh...
Learn Management Accounting: Part 3, The Profit & Loss Statement, Income Statement, Template, etc.
Переглядів 863Місяць тому
Learn what a profit and loss statement is, how to read one, what it is useful for, and how to create a profit and loss statement in Excel. The video includes a profit and loss template and examples. Next Video: ua-cam.com/video/j2PiK9K6uII/v-deo.html Tutorial Outline: 0:00 Episode Start 1:47 What is a Profit and Loss Statement 3:38 Profit and Loss Example 4:34 Cost of Sales Explained 6:59 Gross...
Learn Management Accounting: Part 2, Preparing Management Accounts, Using Software, Reports, etc.
Переглядів 1,6 тис.3 місяці тому
This is part two of my Management Accounts Basics Course. This video covers how to start preparing management accounts and other essential basics. Next Video: ua-cam.com/video/ePsVjjzxkoI/v-deo.html Tutorial Outline: 0:00 Introduction 1:30 Preparing Management Accounts 12:53 Reports in Management Accounting #managementaccounting #accounting #bookkeeping 30-day FREE trial for Sage Business Cloud...
Learn Management Accounting: Part 1, Management Accounts Basics Course, Understanding, Using, etc.
Переглядів 2,3 тис.3 місяці тому
Learn the basics of management accounts in my Management Accounting Series, including compiling management accounts, examples, templates, etc. Next Video: Episode Outline: 0:00 Episode Start 1:09 What are Management Accounts 3:43 Who is responsible for Management Accounting 4:23 Why aren't Management Accounts used more often 6:50 Why are Management Accounts Important #managementaccounting #acco...
How to do a VAT Return on Xero: A Beginners Guide to Xero VAT
Переглядів 5 тис.4 місяці тому
Learn how to do a VAT return on Xero accounting software. Tutorial Outline: 0:00 Episode Start 0:38 What are VAT Returns 2:00 Preparing VAT Returns 6:50 Connecting Xero using MTD VAT 8:10 Xero VAT Returns #xero #accounting 30-day FREE trial for Sage Business Cloud Accounting - sage.qumg.net/AVy3J - NO card needed Free Bookkeeping and Accounting Course - bit.ly/2QuawOi The ULTIMATE bookkeeping a...
How to do a Bank Reconciliation on Xero: Reconciling Transactions, Reports, etc.
Переглядів 4,6 тис.5 місяців тому
Learn how to do a bank reconciliation on Xero accounting software. This video covers manually marking transactions as reconciled and using the reconciliation report. Episode Outline: 0:00 Episode start 1:41 Reconciling transactions 3:15 Reconciliation Report #accounting #xero #bankreconciliation 30-day FREE trial for Sage Business Cloud Accounting - sage.qumg.net/AVy3J - NO card needed Free Boo...
How to do a Bank Reconciliation on Xero: Banking Rules Explained, Creating Rules, etc.
Переглядів 4,6 тис.5 місяців тому
Learn how to do a bank reconciliation on Xero. This video covers banking rules. Next Video: ua-cam.com/video/SrWLZJjoP-k/v-deo.html Episode Outline: 0:00 Previous video recap 1:00 Bank rules introduction 3:08 Creating bank rules 8:36 Editing and deleting bank rules #xero #accounting #bankreconciliation 30-day FREE trial for Sage Business Cloud Accounting - sage.qumg.net/AVy3J - NO card needed F...
How to do a Bank Reconciliation in Xero: Banking Feeds, Match, Create, Transfer, etc.
Переглядів 11 тис.5 місяців тому
Learn how to do a bank reconciliation in Xero. Part 1 of this series covers bank feeds and posting and reconciling transactions from the bank feed. Next Video: ua-cam.com/video/UPgSn0dUEtQ/v-deo.html Episode Outline: 0:00 Episode introduction 1:25 Bank feed introduction 4:30 Bank feed transactions 5:10 Match 6:30 Create 8:19 Transfer 8:48 Discuss 9:21 Suggested matches #xero #bankreconciliation...
A Guide to Products and Services on Xero
Переглядів 2,7 тис.8 місяців тому
Learn how to use Products and Services on Xero Accounting Software. 30-day FREE trial for Sage Business Cloud Accounting - sage.qumg.net/AVy3J - NO card needed Free Bookkeeping and Accounting Course - bit.ly/2QuawOi Create a bookkeeping spreadsheet using Microsoft Excel - bit.ly/3rbpRIq The ULTIMATE bookkeeping and accounting course - bit.ly/3SBbwkJ Learn Sage... bit.ly/3fry3BG Learn QuickBooks...
Using Mileage Claims on Xero
Переглядів 2,1 тис.8 місяців тому
Learn how to use the mileage claims feature on Xero accounting software. 30 day FREE trial for Sage Business Cloud Accounting - sage.qumg.net/AVy3J - NO card needed Free Bookkeeping and Accounting Course - bit.ly/2QuawOi Create a bookkeeping spreadsheet using Microsoft Excel - bit.ly/3rbpRIq The ULTIMATE bookkeeping and accounting course - bit.ly/3SBbwkJ Learn Sage... bit.ly/3fry3BG Learn Quick...
A Guide to Expense Claims on Xero
Переглядів 4,5 тис.9 місяців тому
I'd like you to please learn how to use the basics of the expense claims feature on Xero accounting software. 30-day FREE trial for Sage Business Cloud Accounting - sage.qumg.net/AVy3J - NO card needed Free Bookkeeping and Accounting Course - bit.ly/2QuawOi Create a bookkeeping spreadsheet using Microsoft Excel - bit.ly/3rbpRIq The ULTIMATE bookkeeping and accounting course - bit.ly/3SBbwkJ Lea...
Using Purchase Orders on Xero
Переглядів 3,2 тис.9 місяців тому
A guide to purchase orders on Xero accounting software. Including adding new purchase orders, sending purchase orders, and generating bills from purchase orders. 30-day FREE trial for Sage Business Cloud Accounting - sage.qumg.net/AVy3J - NO card needed Free Bookkeeping and Accounting Course - bit.ly/2QuawOi Create a bookkeeping spreadsheet using Microsoft Excel - bit.ly/3rbpRIq The ULTIMATE bo...
Using Quotations on Xero
Переглядів 1,1 тис.9 місяців тому
Using Quotations on Xero
Using Cash Basis on Xero
Переглядів 1,5 тис.9 місяців тому
Using Cash Basis on Xero
Using Categories on Xero
Переглядів 2 тис.9 місяців тому
Using Categories on Xero
How to Lock Transactions (Lock Date) on Xero #xero
Переглядів 1,6 тис.9 місяців тому
How to Lock Transactions (Lock Date) on Xero #xero
How to View the Transaction History on Xero
Переглядів 3,4 тис.9 місяців тому
How to View the Transaction History on Xero
Asset Disposals on Xero
Переглядів 3,6 тис.10 місяців тому
Asset Disposals on Xero
The Fixed Asset Register on Xero
Переглядів 7 тис.11 місяців тому
The Fixed Asset Register on Xero
How to Correct Multiple Transactions on Xero #xero #accounting
Переглядів 4,2 тис.11 місяців тому
How to Correct Multiple Transactions on Xero #xero #accounting
How to do Journals on Xero #xero #accounting
Переглядів 8 тис.11 місяців тому
How to do Journals on Xero #xero #accounting
Automating Invoice Payment Reminders on Xero #xero #accounting
Переглядів 1,6 тис.11 місяців тому
Automating Invoice Payment Reminders on Xero #xero #accounting
Add Payment Button to Xero Invoices #xero #accounting
Переглядів 2,6 тис.11 місяців тому
Add Payment Button to Xero Invoices #xero #accounting
How to Customise Invoices on Xero #xero #accounting
Переглядів 3,6 тис.11 місяців тому
How to Customise Invoices on Xero #xero #accounting
Multiple Currencies on Xero #xero #accounting
Переглядів 3,2 тис.11 місяців тому
Multiple Currencies on Xero #xero #accounting
Using Files on Xero #xero #accounting
Переглядів 2 тис.11 місяців тому
Using Files on Xero #xero #accounting
Change Company Details on Xero - name, address, logo, email, etc #xero #accounting
Переглядів 3,2 тис.11 місяців тому
Change Company Details on Xero - name, address, logo, email, etc #xero #accounting

КОМЕНТАРІ

  • @jambogamings
    @jambogamings 21 годину тому

    thank you very much for the useful information.

  • @pickntrash
    @pickntrash 23 години тому

    nice explaination

  • @pickntrash
    @pickntrash 23 години тому

    thank you

  • @TheRobbo007
    @TheRobbo007 День тому

    I handle and record/post prepayments on a regular basis, and yet I still like to keep watching videos on them, just in case I missed something etc.

  • @andreasz-yo8jf
    @andreasz-yo8jf День тому

    Hi, can I have a question relating to prepayments and accruals? In your video you are using paid in March. I am not sure you mean exactly paid invoice for March.for example we received and posted invoice to March. But the the due date to pay this invoice is in For instance in April. Which is for 12 months insurance. The prepayment needs to spread the cost for 12 months. Terminology invoiced or paid is a little bit confusing. Is the focus on expense and not actually paid in March? Right? Thank you in advance if you answered Andrea

  • @user-pd8ei4so8m
    @user-pd8ei4so8m День тому

    I have one question ❓ can you teach me how to send approval bank holder on mobile banking from Xero?When we make payment from Xero to any supplier, how do we get approval through mobile banking?

  • @kamrulmoniracma2991
    @kamrulmoniracma2991 День тому

    Great learning experience. Very easy way you described everything. Hope in the future u will create more things.Thanks from heart

  • @meghakamra3855
    @meghakamra3855 День тому

    Suppose we are using QB for 3 years and never closed the books…then do we have to go month by month and close the books or there is any other way…

  • @tayyabakanwal4092
    @tayyabakanwal4092 День тому

    Great video

  • @AbiGbemi-wv2hd
    @AbiGbemi-wv2hd День тому

  • @gemmafairgrieve1699
    @gemmafairgrieve1699 День тому

    Hello, my client uses HubDoc for his receipts. I am unsure how this relates to reconciliation once the receipts have been photographed in HubDoc i.e how do they get to Xero and then reconciled? thank you so much, your videos have been very helpful.

  • @accountantintraining4752
    @accountantintraining4752 2 дні тому

    We will see...is Bookkeeping still a profession because some Dork want to take that away with Bookkeeping A.I. is it possible that people will be interested in Bookkeepers? Can we actually be better than A.I Bookkeeping?

  • @amitkohli4642
    @amitkohli4642 2 дні тому

    👍

  • @katerinatucker1039
    @katerinatucker1039 2 дні тому

    Hi there. I am just looking at your website and yourbute videos and they are amazing. I am also after learning Exact and synergy systems and wandered if you have videos for these at all please? thank you Katerina

    • @BookkeepingMaster
      @BookkeepingMaster 2 дні тому

      Thanks, Katerina. Unfortunately, I don't have content on those systems. Thanks for watching.

  • @triptibasera1075
    @triptibasera1075 2 дні тому

    Hello 👋..I am from India 🇮🇳

  • @mohammedtufeiru3751
    @mohammedtufeiru3751 2 дні тому

    Everything is on point

  • @exciting6745
    @exciting6745 3 дні тому

    Brillant! Thank you so much!

  • @justinrichardson3864
    @justinrichardson3864 3 дні тому

    How do I bulk assign Classes to historical transactions?

  • @reneeholzbach7269
    @reneeholzbach7269 3 дні тому

    You are amazing 🎉

    • @BookkeepingMaster
      @BookkeepingMaster 2 дні тому

      I'm sure you are, too! Thanks for watching

    • @reneeholzbach7269
      @reneeholzbach7269 2 дні тому

      @@BookkeepingMaster Thank you 😊 I'm starting a logistics business, and sure I'll need to take your business bookkeeping and accounting courses soon.

    • @reneeholzbach7269
      @reneeholzbach7269 2 дні тому

      @@BookkeepingMaster the more extended versions

  • @arlenecastro8705
    @arlenecastro8705 3 дні тому

    Hi, i'm from the Philippines. So thankful to have found your YT channel. I will explore your website as well. Thank you for making this videos.

  • @loislittle5148
    @loislittle5148 3 дні тому

    Thank you... I like your teaching style...and that your videos are short.

  • @abdolakbarpour5789
    @abdolakbarpour5789 3 дні тому

    Thank you. Is there a Sage TYPE for Sales Orders or Quotations?

  • @nancysilvetsre2331
    @nancysilvetsre2331 4 дні тому

    Thank you for sharing this lessons, a great help to learn Xero system...

    • @BookkeepingMaster
      @BookkeepingMaster 2 дні тому

      You are welcome! Thanks for watching and for the comment

  • @JaydenKerr-manning
    @JaydenKerr-manning 4 дні тому

    Are you recording these payments and receipts this way because you have no bank feed set up?

  • @JaydenKerr-manning
    @JaydenKerr-manning 4 дні тому

    Is this how you record a payment when you haven't set up a bank feed in Xero?

  • @lizardking112
    @lizardking112 5 днів тому

    Good old A=L+P :)

  • @RISHIDEVANVR
    @RISHIDEVANVR 5 днів тому

    wow i been studying about it as a theory now its that easy for me after watching it thanks professor

  • @AmmJaam
    @AmmJaam 5 днів тому

    Thank you very much, I am a self-study and your video, the way you show the example makes it much easier to understand.

  • @tanishkkhurana9011
    @tanishkkhurana9011 6 днів тому

    My job starts in 10 minutes, this video was a life saver

    • @BookkeepingMaster
      @BookkeepingMaster 5 днів тому

      No problem. I hope all went well. Thanks for watching

  • @PippaPhelan-lz2tb
    @PippaPhelan-lz2tb 6 днів тому

    Thank you for your very useful free videos, they are manageable length and easy to understand.

  • @furhanullah4644
    @furhanullah4644 6 днів тому

    absolutely amazing the way you explain. If you can please also make videos on how to add different transaction to different tabs or which category it falls to, it would be really help full.

  • @furhanullah4644
    @furhanullah4644 6 днів тому

    you are great mate. Superebbb

  • @nethminidakshina2470
    @nethminidakshina2470 6 днів тому

    Thank you❤

  • @user-vu2cv2og7j
    @user-vu2cv2og7j 7 днів тому

    Very good course and easy to follow and thanks

  • @roberte.bainesjr.7164
    @roberte.bainesjr.7164 7 днів тому

    Very helpful. Thank you.

  • @ccafKhmer
    @ccafKhmer 7 днів тому

    Thank you!

  • @ccafKhmer
    @ccafKhmer 7 днів тому

    For my NGO, I use location for restricted and non restricted fund.

  • @ccafKhmer
    @ccafKhmer 7 днів тому

    I am using class for department. Because I am working with an NGO.

  • @KelliGlaser
    @KelliGlaser 9 днів тому

    👍

  • @KelliGlaser
    @KelliGlaser 9 днів тому

    👍🏻

  • @khanmohammad8615
    @khanmohammad8615 9 днів тому

    Thank you really helpful lessons.

  • @florinflorean4245
    @florinflorean4245 9 днів тому

    Thank you for offering us free lessons! Your help is invaluable!

  • @The_Lord_Yeshua
    @The_Lord_Yeshua 10 днів тому

    This is nice but too brief, How Do I get your videos stsep by stsep

    • @BookkeepingMaster
      @BookkeepingMaster 5 днів тому

      Please head to my website www.freebookkeepingaccounting.com. There is a lot of free content there with links, etc. Thanks for watching

    • @The_Lord_Yeshua
      @The_Lord_Yeshua 5 днів тому

      Thank you

  • @rossco8509
    @rossco8509 10 днів тому

    How do you add multiple addresses for your business?

  • @austenofficial1590
    @austenofficial1590 10 днів тому

    Hi, I am planning to open a small business, and even though I do not have proper training, I decided to do simple bookkeeping through Xero every month to save on expenses. However, after watching this video I hope to have some advice from you. As a small business owner, do you think it is better if I do the bookkeeping myself and look for an accountant to do the management accounting every quarter and an overall check at the end of the year? Or is it okay if I do bookkeeping every month and ask an accountant to do an overall check at the end of the year?

  • @minghaoed8
    @minghaoed8 11 днів тому

    Thank you for teaching us for free! You're a big help!

  • @minghaoed8
    @minghaoed8 11 днів тому

    Thank you! You are a lifesaver for fresh grads like me. I'm not skipping ads!

  • @user-dt6zr8vk3e
    @user-dt6zr8vk3e 11 днів тому

    It's great !! Thank you a million. Such useful videos^ simply, understandable and short. Could you tell me please: is tutorial course available on the sage platform, like QuickBooks? For getting certificate of completion and confirming ability to work with Sage

  • @user-sy4gj9zv7y
    @user-sy4gj9zv7y 11 днів тому

    Thank you Very helpful

  • @ShafiaArif-bm3gd
    @ShafiaArif-bm3gd 11 днів тому

    After 2 years i finally get yo know why is bookkeeping important.... Thank you so much