DEA / LER (what increase in each side) Dividends Expenses Assets / Liabilities Equity Revenue I just learn that in the bookkeeping Intuit course, super easy👌🏻
I’ve been learning bookkeeping for a few months, have taken a free course and am currently taking a paid course. I have struggled so hard with debits and credits. You are the first person I’ve heard say debits are incoming and credits are outgoing. It’s finally clicking for me!!!! Thank you, thank you, thank you!!!!
I've been struggling trying to understand those concepts. You are the first and only to have cleared those up for me, and you did it in just 14 minutes. Thank you so much for this and all your content!!!
Do you make closing and adjusting entries at the end of each month? Things like depreciation, prepaid expenses, and accruing expenses to match revenues?
Great video thank you for showing how to check my self so i know if i did it right! One thing im not sure of is the credit memo vs discount. So if i wanted to give everyone lets say $20 off there December service. Is there a best practice on which to use for that or is it more of a personal choice?
Hey! Both Bookkeeper Launch and Booming Bookkeeping are high quality programs that will successfully train you to be a bookkeeper (if you do as they teach). They cover accounting concepts, QBO, marketing, setting up your business (license, website, etc), and have some kind of community where you can ask questions. Bookkeeper Launch pros: This program is more robust, has a big network, better known, and a strength is individual email help. Morgan finds Ben to be more wordy (she doesn’t like) & detailed and she likes the visuals better in this program. Sign up here: sk293.isrefer.com/go/BLIO/ML82/ Booming Bookkeeping pros: This program focuses on learning bookkeeping and marketing. There is also more personal interaction with Bill (pro/con). Morgan finds Bill to be more concise, but she doesn’t enjoy the visuals as much. Sign up here:boomingbookkeeping.com/summary?affiliate_id=3902557 For both: take their free class and see which teaching style you like. Either class will prepare you to be a great bookkeeper! Bookkeeper Launch: sk293.isrefer.com/go/BLFS/ML82/ Booming Bookkeeping: www.boomingbookkeeping.com/register?affiliate_id=3902557 Krista (FinePoints Admin)
How do you remember debits and credits?
DEA / LER
(what increase in each side)
Dividends
Expenses
Assets
/
Liabilities
Equity
Revenue
I just learn that in the bookkeeping Intuit course, super easy👌🏻
I’ve been learning bookkeeping for a few months, have taken a free course and am currently taking a paid course. I have struggled so hard with debits and credits. You are the first person I’ve heard say debits are incoming and credits are outgoing. It’s finally clicking for me!!!! Thank you, thank you, thank you!!!!
In can be tricky, we are glad this video cleared up some of your confusion!
Krista (FinePoints Admin)
I've been struggling trying to understand those concepts. You are the first and only to have cleared those up for me, and you did it in just 14 minutes. Thank you so much for this and all your content!!!
We are so glad that Morgan was able to explain this in a way you could understand. It can be tricky!
Krista (FinePoints Admin)
That helped a lot especially because you showed us how it works on quickbooks. Appreciate it
Glad this was helpful!
Krista (FinePoints Admin)
OMG!!!!!clear as the sky. I’ve been struggling with these concepts. I am also a visual person. Thank you.
Glad it was helpful!
Krista (FinePoints Admin)
Fantastic... Thanks for the detailed explanation, God bless you.. :)
Glad it was helpful!
Krista (FinePoints Admin)
Great video! As a beginner bookkeeper I just Love your channel !! 💕💕👍
Thanks so much! Let me know what videos would be helpful for you.
Do you make closing and adjusting entries at the end of each month? Things like depreciation, prepaid expenses, and accruing expenses to match revenues?
Great video thank you for showing how to check my self so i know if i did it right!
One thing im not sure of is the credit memo vs discount. So if i wanted to give everyone lets say $20 off there December service. Is there a best practice on which to use for that or is it more of a personal choice?
Hmm, I'm not exactly sure, but my instinct is to use a discount! That's what I've done in the past.
Very helpful!
Glad you think so!
Hi, my question doesn't relate to this video but I want to know do you recommend Booming Bookkeeping Business or Bookkeeper Launch?
Hey! Both Bookkeeper Launch and Booming Bookkeeping are high quality programs that will successfully train you to be a bookkeeper (if you do as they teach).
They cover accounting concepts, QBO, marketing, setting up your business (license, website, etc), and have some kind of community where you can ask questions.
Bookkeeper Launch pros: This program is more robust, has a big network, better known, and a strength is individual email help. Morgan finds Ben to be more wordy (she doesn’t like) & detailed and she likes the visuals better in this program.
Sign up here: sk293.isrefer.com/go/BLIO/ML82/
Booming Bookkeeping pros: This program focuses on learning bookkeeping and marketing. There is also more personal interaction with Bill (pro/con). Morgan finds Bill to be more concise, but she doesn’t enjoy the visuals as much.
Sign up here:boomingbookkeeping.com/summary?affiliate_id=3902557
For both: take their free class and see which teaching style you like. Either class will prepare you to be a great bookkeeper!
Bookkeeper Launch: sk293.isrefer.com/go/BLFS/ML82/
Booming Bookkeeping: www.boomingbookkeeping.com/register?affiliate_id=3902557
Krista (FinePoints Admin)
I love your content
Thanks so much for watching and commenting :)
Ily