Thank you! Your videos have been enormously helpful!!! I have some ideas for future topics: the closing process, recording closing entries, and post-closing trial balances. I'm having a hard time understanding these from the my textbook...I think I'm spoiled from watching your videos. :)
@@tanyapanfil Hey Tanya, apologies for my late reply. I have only just seen this comment. Cheers for your suggestions, I'd like to cover those at some point
Hi, I'm new to your channel, but find it very helpful. I was wondering if you could do a follow-up video dealing with the type's of errors that can occur within a trial balance and how to correct them. Thanks for all the great videos that you've already produced.
Your truly a blessing my guy!!! I was stuck on my homework not having a clue whatsoever I watched the first 5 videos of your series and now I feel extremely confident on how to do these journals plus I finished my homework with no problem. Again thanks a lot!!!!
Yeah actually, I am. Sick of barely understanding my accounting class, this guy seems to keep it simple and clean so I'm looking forward to maybe finally understanding this.
@@AccountingStuff Man, My Master's public finance courses are actually using your videos straight from the beginner's playlist. I've watched 4 of yours in a row now today. I noticed there are never ads when they play so I hope you're being compensated for LITERALLY TEACHING ME MY MASTERS COURSES. ffs... they are really good and helpful though.
What an amazing blend of quality editing and creative, clear educational content! You make accounting so much more understandable than my professor or textbook does, and I am really grateful for your videos.
These videos are amazing! I'm an accounting major 4 weeks into my first accounting class and I'm so lost. Having one zoom class per week where my professor teaches so fast is not helping ,these are going to save me!!
I’m here in year 2024. And it amazes me at how much clearly you explain everything. IT JUST ALL MAKES SENSE AND VERY CRYSTAL CLEAR. I’ve been working in accounting and finance industry (but not an accounting major) so things are kind of confusing most of the time especially when I was still starting. But now, I get it. Its all making sense now. Glad I found this channel to help me more and understand when I’m doing in my job 😅 THANK YOU SO MUCH! 😊
Seriously, this should be required viewing for all people about to launch into any accounting anything. Thank you for such an accessible and easy to follow training for accounting.
I needed some help to better understand how to do this. 2 hrs of the instructor explaining it - didn't make sense. 8mins of this video - wow, this isn't as difficult as i thought. Thanks for posting this!
I am so glad I came across your videos. I never thought someone could teach chapters after chapters in 10-11 mins videos. I love how you grasped the concept and giving us a new perspective to see accounting, it doesn't seem scary anymore. Thank you
I have spent hours working through accounting class, and not grasping a thing. I watched your videos, and now I am starting to make sense of everything. I have literally 13 days to pass my final exam in this class, and these videos are doing more for me than my study guide and textbook.
you're singlehandedly saving me rn, I've been having trouble catching up and understanding my intro to financial accounting class and I have my first major quiz tomorrow. Been watching your videos throughout the whole day and even downloaded your accounting cycle cheat sheet. I'll let y'all know how I do on the quiz! update: it wasn't the highest but I passed. I'm currently studying for our second major quiz
I have been watching your videos over and over again for the past two days because I could NOT grasp the idea of how to complete the financial statements. Your explanation of the Trial Balance sheet was incredible and it unclogged whatever block I had in my brain! The best part of the video (what really helped me at least) was when you took the trial balance sheet and transformed it into the balance sheet. After that, something clicked and I was able to understand how the two sheets are related. From there I was able to complete the income statement and next I am going to try the Statement of Cash Flow and Changes in Equity! THANK YOU for making what I perceived as impossible, Possible! YOu are truly an amazing teacher!!!
Hey Pranjal! I'm glad the Trial Balance makes sense to you now. I have had a few requests for depreciation so I will look into make a video on that in the future. Thanks for your suggestion 👍
Hello brother, Thanks Alot. i Did my bachelor in Business adminitration, in which i took various accounting courses. All of those concepts are being revised through your videos, with much greater understanding. Thanks.
@@AccountingStuff its the first im seeing it so i wasnt sure what to do exactly. i was trying to figure it out while listening what you were saying. its just im not used to that method.
Awesome videos, hands down the best explanations of anything I have studied. Gotta love the ads I'm getting as a result of these. Ocean cleaning projects (like your brothers) and window cleaning products! Years of struggling with accounting, tediously going through poorly laid out textbooks and awful lectures. Accounting has driven me insane, but these videos have made it easy and exciting to learn, something I never thought possible! Keep them coming! Subscribed, liked and commented.
I'm studying bookkeeping, I always check to see if you did a video on the area I'm studying, why? because you thoroughly explain it in a lively fun way, and u keep me from falling asleep. Thanks.
I have been watching your videos for the past few days and I already feel like a professional accountant. Thanks James for the fantastic tutorial. God bless you.
Thankful for you! I am struggling on Sophi's Learning Financial Accounting course and was able to watch your videos to grasp the concepts a bit better.
First, your videos are very helpful. Second, thank you. Third, I think it is amazing that you take the time to answer so many questions left in your comments. Your passion shows through. You are an amazing human!!
I absolutely love your videos! You make accounting so simple. I'm using your videos to help teach my high school accounting classes and my college course. You are wonderful! Keep them coming!
I'm impressed with your content!!! I graduated from High School of Business and Economy in Poland years ago (manyyyyyy years :) 🙃. Now I'm in the USA and want to pursue my career here in bookkeeping. I watch your subject videos first after that I start my everyday Quickbooks class, then everything comes back much easier to my mind. Thank You! 👏.
Thanks so much James! I am trying to finish the Accounting Basics series and I hope this can help me organize financials for my small business. You've left a great legacy
You are really amaizing you are the one who taught me all the accounting stuff . If i pass my commerce exams all the credits will go to you . Thank you
Hello - I want to start out by saying I absolutely LOVE your videos - they are engaging and highly effective at breaking accounting concepts into readily learned tidbits! I'm taking Financial Accounting for my MBA and struggling with one type of quiz question - determining the impact of an error on one of the financial statements. I understand the underlying concepts in the correct answer, but my brain just shuts down when I come across one of these problems: Which of the following errors on a firm’s adjusted trial balance would cause errors in the firm’s retained earnings statement but would not affect its income statement nor cause its balance sheet or its adjusted trial balance to be out of balance? A : understatement of the Unearned Service Revenue amount by $200 and overstatement of the Dividends amount by $200 B : overstatement of both the Unearned Service Revenue amount by $200 and the Dividends amount by $200 C : none of these errors would lead to the scenario described above. D : overstatement of the Unearned Service Revenue amount by $200 and understatement of the Dividends amount by $200 Especially the questions that pull in all of the financial statements: Q 4.152: After preparing its financial statements for November, Unique Interiors notices that its income statement shows total expenses that are $200 too high and total revenues that are $300 too low. What effect will these errors have on Unique’s balance sheet for the month, assuming all other account balances listed on that sheet are correct? A : These errors mean that the firm’s balance sheet will show a total liabilities and stockholders’ equity amount that is $100 higher than its total assets amount. B : These errors mean that the firm’s balance sheet will show a total liabilities and stockholders’ equity amount that is $500 lower than its total assets amount. C : These errors mean that the firm’s balance sheet will show a total liabilities and stockholders’ equity amount that is $100 lower than its total assets amount. D : These errors mean that the firm’s balance sheet will show a total liabilities and stockholders’ equity amount that is $500 higher than its total assets amount. Any advice?
Oh man, you are awesome. This is how we need to understand anything in our life. Appreciated the way you use your brain to learn and thank you so much for sharing this in a very effective and easy way to others.
This was so helpful man. I had to create a trial balance as part of a business assignment for my engineering degree. Couldn't wrap my head around it before this video!
I am sooo glad I found your channel because I have an exam this afternoon.....will definitely be needing to watch your other videos for reference for future exams😩💯.....thanks much dude 🙌💯
Hope you found the video useful. As always, suggestions for future topics are always welcome
Can you please help me with my accounting assignment?
Thank you! Your videos have been enormously helpful!!! I have some ideas for future topics: the closing process, recording closing entries, and post-closing trial balances. I'm having a hard time understanding these from the my textbook...I think I'm spoiled from watching your videos. :)
@@tanyapanfil Hey Tanya, apologies for my late reply. I have only just seen this comment. Cheers for your suggestions, I'd like to cover those at some point
Hi, I'm new to your channel, but find it very helpful. I was wondering if you could do a follow-up video dealing with the type's of errors that can occur within a trial balance and how to correct them. Thanks for all the great videos that you've already produced.
hi, from trial balance can u show how to make income statement and balancesheet
Who else learning accounting from this guy during quarantine?🙌🙌
Me
Ayeee me
me
Meeeeee
🙋♂️🙋♂️🙋♂️
Best accounting tutorials on UA-cam. You keep it simple and straight to the point. Thank you very much.
Thanks Lakshmi! Glad you're finding the videos useful. All the best!
He is best teacher
Your truly a blessing my guy!!! I was stuck on my homework not having a clue whatsoever I watched the first 5 videos of your series and now I feel extremely confident on how to do these journals plus I finished my homework with no problem. Again thanks a lot!!!!
Nice one! Glad it's going well
Who else is super excited about going through all these tutorials?
Meeeee
Yeah actually, I am. Sick of barely understanding my accounting class, this guy seems to keep it simple and clean so I'm looking forward to maybe finally understanding this.
I’m in finance, but having a solid accounting understand is critical. They help a ton!
As an accounting freshman, words cannot describe how helpful you've been. Thank you so much.
No worries, I'm happy to help!
Why am I paying $1800 for a semester of accounting 101 when I can learn on youtube. UA-cam should start giving out degrees.
Thanks Jonathan!
Literally just went on a rant about this to my roommate like this is teaching me so much more easily
@@AccountingStuff Man, My Master's public finance courses are actually using your videos straight from the beginner's playlist. I've watched 4 of yours in a row now today. I noticed there are never ads when they play so I hope you're being compensated for LITERALLY TEACHING ME MY MASTERS COURSES. ffs... they are really good and helpful though.
These courses don't even teach us anything n we kinda have to self learn most stuff.
its more easy to learn in youtube than how a prof discuss, lol
Thank you so much James! I’m an architect want to learn Accounting. And you did help me out alot. Love from Vietnam ❤!
You are the reason I just might pass my accounting class this semester. I'd be totally lost without this series! Thank you so much! ❤️
You'll crush it!!
Mood
same!!!
What an amazing blend of quality editing and creative, clear educational content! You make accounting so much more understandable than my professor or textbook does, and I am really grateful for your videos.
Thanks, I'm glad you enjoyed it!
These videos are amazing! I'm an accounting major 4 weeks into my first accounting class and I'm so lost. Having one zoom class per week where my professor teaches so fast is not helping ,these are going to save me!!
I’m here in year 2024. And it amazes me at how much clearly you explain everything. IT JUST ALL MAKES SENSE AND VERY CRYSTAL CLEAR. I’ve been working in accounting and finance industry (but not an accounting major) so things are kind of confusing most of the time especially when I was still starting. But now, I get it. Its all making sense now. Glad I found this channel to help me more and understand when I’m doing in my job 😅 THANK YOU SO MUCH! 😊
Great to hear it's making sense :)
Seriously, this should be required viewing for all people about to launch into any accounting anything. Thank you for such an accessible and easy to follow training for accounting.
The production level compared to all the other accounting vids is amazing.
I needed some help to better understand how to do this. 2 hrs of the instructor explaining it - didn't make sense. 8mins of this video - wow, this isn't as difficult as i thought. Thanks for posting this!
No worries Connie, glad it's making sense!
I am so glad I came across your videos. I never thought someone could teach chapters after chapters in 10-11 mins videos. I love how you grasped the concept and giving us a new perspective to see accounting, it doesn't seem scary anymore. Thank you
Great to hear it's clicking for you :)
I have accounting finals this friday and I haven't paid attention at all in class LOL so thanks for uploading this!
No problem Gayle. Good luck in your exams!!
I have spent hours working through accounting class, and not grasping a thing. I watched your videos, and now I am starting to make sense of everything. I have literally 13 days to pass my final exam in this class, and these videos are doing more for me than my study guide and textbook.
Great to hear it's clicking for you. 13 days is still a decent amount of time. You've got this!
Whos here before an exam
😂
Me😢
Me
Me
I neco
you're singlehandedly saving me rn, I've been having trouble catching up and understanding my intro to financial accounting class and I have my first major quiz tomorrow. Been watching your videos throughout the whole day and even downloaded your accounting cycle cheat sheet. I'll let y'all know how I do on the quiz!
update: it wasn't the highest but I passed. I'm currently studying for our second major quiz
Best of luck in your quiz!
It's really easy to see you put a massive amount of effort into your videos, keep up the great learning content!
Thanks, yeah they take a while to put together
I have been watching your videos over and over again for the past two days because I could NOT grasp the idea of how to complete the financial statements. Your explanation of the Trial Balance sheet was incredible and it unclogged whatever block I had in my brain! The best part of the video (what really helped me at least) was when you took the trial balance sheet and transformed it into the balance sheet. After that, something clicked and I was able to understand how the two sheets are related. From there I was able to complete the income statement and next I am going to try the Statement of Cash Flow and Changes in Equity! THANK YOU for making what I perceived as impossible, Possible! YOu are truly an amazing teacher!!!
I hope you're not getting tired of compliments: You're. The. Best.
Thank you, James❤
Cheers, I appreciate it!
Agree
These are way higher production value than any other accounting/finance videos on UA-cam. Well done!
Cheers, I'm glad you think so!
Thank you so much for this breakdown, I didn’t understand much in my accounting class but your videos are so helpful.
No worries, all the best with your studies!
I am in online class with no instructions. Just textbook reading and assignments. Thank you for the videos! Definitely a lifesaver!
Best of luck with your studies :)
This guy's a genius. He's helping us to learn easier.
You have no idea how much your videos are helping me with my homework!! my textbooks are just not explaining this simply.
i appreciate your fantastic work
Thanks mate!!
Omg this is what I've been searching for - someone that can out things in a simple and linear manner with logic. Thank you 🎉
You're very welcome :)
Hey! Ur explanation was mind blowing yr👍👌 because of u i understand trial balance...😊 Can you plz explain depreciation chapter please 🙏🙏🙏🙏
Hey Pranjal! I'm glad the Trial Balance makes sense to you now. I have had a few requests for depreciation so I will look into make a video on that in the future. Thanks for your suggestion 👍
@@AccountingStuff your most welcome dude😆
I had forgotten the basics of trial balancing. Thank you for refreshing my memories.
5:29 lol i love the detailed thought into this
Thanks Celestine!
Wow, this was so helpful. In one video, you've become my new favourite UA-cam channel. Thank you!
Happy to hear that!
Great video.... thanks
Thanks Amal!
watching these videos after reading the chapter in my book make everything so much clearer! thank you for your channel !
Nice one, glad it's making sense!
Could you do videos on classified balance sheets and closing accounts.
Hey Maddy, sure can! Thanks for your comment
Hello brother, Thanks Alot. i Did my bachelor in Business adminitration, in which i took various accounting courses. All of those concepts are being revised through your videos, with much greater understanding. Thanks.
Great to hear you're finding these videos useful! All the best :)
Legend are here one day before exam
You got that right brother😂😂
I’m here 40 minutes before the exam
I was lost in accounting before watching your videos…now I have found the way…Shout-out to you James
Who else watched this video 20 min instead of 7+ min ?
Your videos are simple, straight to the point, and very entertaining! Please keep it up! Well done!
Thanks for your kind words :)
the working trial balance started to confuse me
Hey Ruth, which part did you find confusing? Perhaps I can help you out
@@AccountingStuff its the first im seeing it so i wasnt sure what to do exactly. i was trying to figure it out while listening what you were saying. its just im not used to that method.
@@AccountingStuff thanks for replying tho
@@ruthhewitt7366 No worries, we've all been new to it at some point. This isn't the only way to make a trial balance, but it's my favourite approach.
Thank you. You always help me with accounting
Happy to help!
Awesome videos, hands down the best explanations of anything I have studied. Gotta love the ads I'm getting as a result of these. Ocean cleaning projects (like your brothers) and window cleaning products! Years of struggling with accounting, tediously going through poorly laid out textbooks and awful lectures. Accounting has driven me insane, but these videos have made it easy and exciting to learn, something I never thought possible! Keep them coming! Subscribed, liked and commented.
Thanks Matthew! Haha, my bad!! That is too funny. Cheers for the support! I'm glad to hear that you're getting into it now
I'm studying bookkeeping, I always check to see if you did a video on the area I'm studying, why? because you thoroughly explain it in a lively fun way, and u keep me from falling asleep. Thanks.
This is one of the channels to learn about accounting, you have done an amazing job! Salute to you.
Cheers Mortaza!
Your videos are a gift to humanity man !!
Cheers Ahmed!
Thanks for these videos. I am doing a basic accounting course and your videos are sometimes shown in class and are very helpful.
Hey Reva, no worries. I'm happy the vids are helping you!
You've impacted my life so much!
Great to hear you've found these videos useful :)
I have been watching your videos for the past few days and I already feel like a professional accountant. Thanks James for the fantastic tutorial. God bless you.
No worries Raji! All the best
man you are so underrated, I love your vids and your explaining its so good fr, wish you all the best
Thankful for you! I am struggling on Sophi's Learning Financial Accounting course and was able to watch your videos to grasp the concepts a bit better.
Great to hear it's clicking for you
Again, thank you for simplifying this!!! Laying it out in a Working TB HELPED me UNDERSTAND how to complete a TB.
No problem, glad you found it useful!
First, your videos are very helpful. Second, thank you. Third, I think it is amazing that you take the time to answer so many questions left in your comments. Your passion shows through. You are an amazing human!!
Thanks Erica, I'm happy you're enjoying the videos!
I absolutely love your videos! You make accounting so simple. I'm using your videos to help teach my high school accounting classes and my college course. You are wonderful! Keep them coming!
Thanks Tini, hope your students are finding them helpful :)
That is a good teacher. he is good at explaining
Probably this has been the best and perfectly explained video of trial balance. Your great work is the success to my knowledge 😄😄
Hey Divya, that's great to hear, good luck with your studies!
This channel is saving my LIFE
Great brother, you doin amazing work,
✅✅. Really helpful !
Thanks I'm glad you're finding these helpful
You are a blessing! I finally have some hope for my final exam now! Thank you.
an absolute life saver finally helping me make sense of my university accounting course thank you
Am glad I found this channel at the right time
You are the best teacher for accounting
Thanks Aisha :)
I literally just learnt a whole lot of things in 2 days. Thank you so much
I'm impressed with your content!!! I graduated from High School of Business and Economy in Poland years ago (manyyyyyy years :) 🙃. Now I'm in the USA and want to pursue my career here in bookkeeping. I watch your subject videos first after that I start my everyday Quickbooks class, then everything comes back much easier to my mind. Thank You! 👏.
Best of luck with your new career! I hope it all works out for you :)
This was super helpful as I'm preparing to write financial accounting exams in a week's time.
That's great to hear! Best of luck with your revision
Thanks so much James! I am trying to finish the Accounting Basics series and I hope this can help me organize financials for my small business. You've left a great legacy
And now I regret why I missed out on these tutorials last year.😭you are super good and fun at explaining.
Thanks for your kind words :)
Why on earth does an accounting tutorial channel display some of the highest production value and filmmaking technique on the platform. I’m in awe.
Thanks bud :)
YOU ARE A LIFE SAVER! Thank you so much, my exam is on Friday and finding your channel has changed how i feel completely!❤😭
How did it go??
@@AccountingStuff I did very well, thank you so much! I struggled the pass that exam the first time but after watching your videos I got a 76%😭🙏🏽❤
@@NomceboSibanda Boom! Congrats!! This is great news :)
I am preparing for Chartered Accountant and your videos really helps me sir, thank you
You are really amaizing you are the one who taught me all the accounting stuff . If i pass my commerce exams all the credits will go to you . Thank you
You've got this!
This video is a gem in the accounting world!
Thanks! Glad you think so
I am so happy as I found your videos. You have been doing a great job - please do not stop uploading videos like these! Thank you.
Thanks for the kind words... I upload once a week and have no plans to stop any time soon
Thank you very much sir I had no idea about all this and am writing an exam few days from now ,All thanks to you I have learnt all
Best of luck in your exam!!
My accounting lecture show this in class. It is very easy to understand. Thank you!
Glad you found it useful!
James, you are my hero! Thanks for making so easy to understand accounting!
Hey Gabriel, you're very welcome! I'm happy to help :)
Fifth video done..!!
It’s amazing how you explain these difficult concepts in such short videos and just so effectively
I'm so excited! I've been going through these tutorials (and coming back as needed) I came back and was able to fill this out correctly on my own!
Nice one Ama!
Hello - I want to start out by saying I absolutely LOVE your videos - they are engaging and highly effective at breaking accounting concepts into readily learned tidbits! I'm taking Financial Accounting for my MBA and struggling with one type of quiz question - determining the impact of an error on one of the financial statements. I understand the underlying concepts in the correct answer, but my brain just shuts down when I come across one of these problems:
Which of the following errors on a firm’s adjusted trial balance would cause errors in the firm’s retained earnings statement but would not affect its income statement nor cause its balance sheet or its adjusted trial balance to be out of balance?
A :
understatement of the Unearned Service Revenue amount by $200 and overstatement of the Dividends amount by $200
B :
overstatement of both the Unearned Service Revenue amount by $200 and the Dividends amount by $200
C :
none of these errors would lead to the scenario described above.
D :
overstatement of the Unearned Service Revenue amount by $200 and understatement of the Dividends amount by $200
Especially the questions that pull in all of the financial statements:
Q 4.152: After preparing its financial statements for November, Unique Interiors notices that its income statement shows total expenses that are $200 too high and total revenues that are $300 too low. What effect will these errors have on Unique’s balance sheet for the month, assuming all other account balances listed on that sheet are correct?
A :
These errors mean that the firm’s balance sheet will show a total liabilities and stockholders’ equity amount that is $100 higher than its total assets amount.
B :
These errors mean that the firm’s balance sheet will show a total liabilities and stockholders’ equity amount that is $500 lower than its total assets amount.
C :
These errors mean that the firm’s balance sheet will show a total liabilities and stockholders’ equity amount that is $100 lower than its total assets amount.
D :
These errors mean that the firm’s balance sheet will show a total liabilities and stockholders’ equity amount that is $500 higher than its total assets amount.
Any advice?
Your videos are very creative and pretty sure many people appreciate that
You are a great teacher! I am thankful for guys like you.
This Video was so helpful. You taught me more things about trial balance than my teacher did.
Great to hear you found it useful. All the best with your studies!
@@AccountingStuff Thanks alot
Thanks alotttt
i thought i was in trouble but this video helped me a lot ♥️♥️
Excellent and simple explanation .
You are amazing! Thank you for making accounting a lot easier to understand even for newbies like me. God bless you 🙏
No worries, glad you're finding these videos helpful :)
Oh man, you are awesome. This is how we need to understand anything in our life. Appreciated the way you use your brain to learn and thank you so much for sharing this in a very effective and easy way to others.
Thanks for your kind words! Glad you enjoyed it :)
His teaching lessons are super useful for me.
Thanks Jane, that's great to hear!
This was so helpful man. I had to create a trial balance as part of a business assignment for my engineering degree. Couldn't wrap my head around it before this video!
Bored in quarantine. Then wanted to learn accounting then saw your channel! You’re great at explaining :)
It sounds like you're using your quarantine time productively! All the best
i am in class 11 i came across this video from google, this channel is amazing.
he explains so clearly
love from india
Your videos are so simple to understand, big up👌👌👊
Thanks, that's great to hear :)
So good..love it! You make this simple - 5 out of 5 on my quiz again
Well done :)
I appreciate for your hard work to make such great video helping us understand more about how to make trial balance. God bless you!!❤❤❤
Thanks, great to hear you're finding these useful :)
Appreciate these videos so much, my instructor does a horrible job of explaining and shows no examples, this is going to save my grade!
No worries Sam, I'm happy to help
Thank you so much, I failed in my accounting test not long ago, I relearn all by watching your videos 🤩 tysm!!
Sorry your test didn't go so well, hopefully things are making more sense now. All the best!
This is a very nice presentation! It's not boring! Thank you!
Thanks Carlene, glad you enjoyed it
we love you James.God Bless you.from a homeschooling mom.
I am sooo glad I found your channel because I have an exam this afternoon.....will definitely be needing to watch your other videos for reference for future exams😩💯.....thanks much dude 🙌💯
Apologies for my late reply! How did it go??