How to create Financial Statements from scratch! A step-by-step guide!

Thanks a lot! Finally know how to do it the day before my test. Very clear and simplified!✨

Thanks so much…wow wow wow

Amazing teaching technique ..wowwww it took so much time to understand in college time but its look very simple ...u r great

I have a question for the salary part. Let's say, weekly salary for 3 staff is $3,000 ($1,000 each staff and $200 earned daily) and they get paid every Friday. However, on the last week of January, they get paid on February 3 on the Friday (So 1/30, 1/31, 2/1, 2/2, 2/3). In this case, do I have to make adjusting entry to salary on 1/30 & 1/31 before closing January and moving to February? So I would debit expenses and credit salaries payable. Self-learning at the moment, so I want to see if my knowledge is accurate. Thank you!

Simple and clear. Thank you

Thankyou for this video! I'm applying for accounting clerk and this explains a lot better✨

It's wonderful lesson

This is really wonderful 🙏🙏👌you made me understand very well

Where should I get the Balance Sheet Cheat

Very nice and simple. You sir, made it look so easy

You made it look so. I just got an A on my exam !!! 👏🏽👏🏽👏🏽👏🏽

very good explanation. very stright forward. if you could include liability would have been inclusive.

Thank you for this great video. But I don’t understand how you get 30 k Revenue without I see product costs?

Great work ! My professor should learn from you. Will share the link with him.

Great

I just hand in an assignment and purposefully left off the financial statement because I just did not know how to do it, and I was working against the clock. I come here because I believe I owe it to myself to get a better handle on this. Thanks for your video.

Best explanation ❤❤❤

Thanks for sharing very informative❤

greet work thank you so much

Very useful 👌

Excellent presentation! I've never had formal training and it was learn-as-you-go from my counsellors at SCORE (SBA), trial and error. Thanks!

Such a great teacher. Thank you

Thank you . Was so easily explained

This is so helpful and so well presented! Thank you!!

Brother... Are you sure it is Journals..?
It is Ledger accounts not Journals.

Bill you are cute ❤❤❤

Can you teach us incomplete records

May God bless you

Where is the link for the statements

Very intriguing, and the method of explanation is superb.

What about the General Ledger Accounts?
* After the transaction has been made, do we transfer to the "Ledger Accounts directly, or to the "Trial Balance"? 🤔

Wow it’s great very simple explanation

Great recap!

Easy to understand. Great job

Thank you a lot, Very very nice training

very comprehensive and compact concepts to understand accouting ,thanks

That "DEALER" trick 💥💥, you got yourself a subscriber Sir

Thank you sir I have question sir

New subscriber here!! I like how explain

amazing. But I couldn't find the link where I download the free balance sheet you mentioned. 😊. How can I download the file?

Thank you very much

One of the best videos I've seen that covers the transaction process from start to finish. Clear, concise and easy to understand. Thank you very much!

shouldn't office supplies be expense & not assets? can someone please explain?

Where is the link for the free balance sheet description?

wow made my life easy thank you

This is an amazing lesson. You broke it down in very simple terms. This makes accounting look very easy. It gave me a hard time in university. Kindly share the link to download the free financial statements.

Thanks for the video, great explanation

Sir, Awesome class❤

This is a great video, thanks alot for sharing. Please share the link to the cheat sheet that's free.

Cant find the template link, anyone?

Honestly the best explanation I have ever seen