Hey there, it's been a while!! Ledgers confused me for a long time when I started out in accounting. I hope you find this explanation helpful. If you have any suggestions for future vids then please let me know :) ⏱️TIMESTAMPS 00:00 - Intro 00:08 - General Ledger Definition 00:25 - History of General Ledger 01:19 - Ledger Definition (Old) 01:28 - Types of Ledger (General Ledger vs Subledger) 02:04 - Ledger Definition (New) 02:13 - General Ledger Definition (New) 02:22 - Channel Memberships 02:43 - EXAMPLE 1: MANUAL JOURNAL ENTRIES 05:46 - EXAMPLE 2: AUTOMATIC JOURNAL ENTRIES & SUBLEDGERS 09:03 - Outro
Would love to see a video about accounts receivable, notes receivable, bad debt expense, the allowance method and direct method. Or maybe one about financial fraud as well ;) Love the channel btw
I feel like I've been enlightened to new learning when it's supposed to be a review for me. I am really thankful that you upload very informative accounting stuff. This is a really big help to me since I am studying accountancy again after 9 years.
YOU HAVE HELPED ME SO MUCH, please do carry on with advanced accounting stuff✌🏽 I’ve officially understood the diminishing balance, straight line and your visual start helps alot. Thank you
Thanks mate. I am doing a MBA and have zero accounting background. These videos are helping me more than any other accounting handbook out there. Cheers!
Oh my god. I finally understand the difference between an account and a ledger, and also a subledger and the general ledger. The accounting software automates this so much that it's so hard to grasp this. All other videos explain the differences without considering the fact that we use software these days. But I love how you explained it to us, who don't use "books" and instead use software to keep records.
I know this is a much older comment, but I second it. I finally get how to actually do journal entries and what the software does in the background. Thank you do much!!!
This clarified the process a lot simpler than in my textbook. I will have to review a few times just so I can encapsulate the process and have no questions. Thank you
I'm just starting my AAT Level 2 course from a standing start in regards to accounts knowledge and I'm finding your videos so helpful! I love your teaching style - everything is clear and concise, and I like how you avoid going off on a tangent by recommending other videos if something isn't making sense. What a great revision tool. Thanks so much!
This is a great channel. Your visuals and graphical transitions added into the videos really help a visual learner like me, understand things much more easily. For example, those graphical transitions from the Journal Entry into the Subledgers and into the General Ledger makes that difference. It compliments your already great explanations. Thanks so much. Cheers from Canada
This is the thing I struggled the most with during class because it never really made sense until now. Thanks for making it easy and simple to understand! I wish that I had searched this before I started Grade 9.
You are a star. No, you are the brightest star💥. You don't take anything for granted which is definitely what I need as a Systems Engineer learning Accounting
I just have to say. I genuinely love the fake business names. "I Want To Hold Your Udder" just took it to another level. Also fantastic work you are doing to explain these accounting principles!
"And then they had THE PRECIOUS" had to pause for a minute to stop laughing. Great videos James, you have basically taught me financial accounting over 2 years with these videos.
I have been breaking my head on Finance and specifically General Ledger and ur video made it easy like a cake walk........ Thanks a tone!!!!!!! Bless u :p
No words man!! I have started accounting and found your channel...these videos are simply amazing...entertaining as well as informative...You are a LegenD.. a big round of applause and appreciation for you👏👏👏👏👏
I am just soo glad I found your channel. a few videos in and the help is already greater than all other channels combined. You are doing god's work. thank you so much
@@AccountingStuff it went well and I’ve moved onto phase 2 where I meet with the controller of the company next! I have an accounting degree but been doing more billing more so I will be watching all your videos to refresh my brain!
I am using your videos to help prepare for a job that I am totally under qualified for and it’s helping a lot 😂 thanks a bunch! Have you ever considered a job in marketing? The names of your companies are brilliant.
Hi James, thank you for your videos, I'm about to start my accounting course and searching TH-cam I found your videos among the best that I have watched so far, very clear approach. big thumbs up!!
Just write your own Accounting book, I'll read that okayyyyyyyyyy!!!!!!!!!!!!!! PS: Please cover other aspects of corporate accounting. I would really really love to watch your content on that.
Wow, all of your videos are so easy to understand, and very interesting to watch. Thanks to you i understand accounting even better. Keep up on your work🥳
At 6:39 in the video, the "I Want To Hold Your Udder" account. That was great. Just for that, you get 2 thumbs up. One thumb for great videos and the other for the cow.
So good to see you back buddy. I was just going to comment on a few posts, asking for a comeback but its happened on it's own. Brilliant xD Hopefully have a lot in store for us now😛 Only way we can pass haha
Agree with all that you made some amazing videos, but a special shout out to you for taking every opportunity to create the most hilarious cheesy company names :D
@@AccountingStuff I was genuinely abit concerned! But I’m glad if you’re keeping safe and well during these crazy times! Thanks for the excellent content and the great energy you bring to these topics! Really makes a huge difference to grasping it all and keeping the motivation to keep learning :) all the best x
I have to learn account in english and my native language cause i have a problem with understanding the worst part is im not even interested in taking this subject but i had no choice but i think your videos are a great help and maybe i can actually pass hopefully.
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Hey there, it's been a while!! Ledgers confused me for a long time when I started out in accounting. I hope you find this explanation helpful. If you have any suggestions for future vids then please let me know :)
⏱️TIMESTAMPS
00:00 - Intro
00:08 - General Ledger Definition
00:25 - History of General Ledger
01:19 - Ledger Definition (Old)
01:28 - Types of Ledger (General Ledger vs Subledger)
02:04 - Ledger Definition (New)
02:13 - General Ledger Definition (New)
02:22 - Channel Memberships
02:43 - EXAMPLE 1: MANUAL JOURNAL ENTRIES
05:46 - EXAMPLE 2: AUTOMATIC JOURNAL ENTRIES & SUBLEDGERS
09:03 - Outro
Could you talk about your work experience and what you liked / disliked the most about your work? (Auditor, industry, public accounting etc)
@@mapl3af Thanks for your suggestion!
@@AccountingStuff no problem! It's always refreshing to see a channel related to accounting. I'm a student and I'm always looking for new resources :)
Would love to see a video about accounts receivable, notes receivable, bad debt expense, the allowance method and direct method. Or maybe one about financial fraud as well ;)
Love the channel btw
@@biLLisboredmlg Thanks for all your suggestions!
Thank you so much for the visual. People forget we retain 20% of what we hear and 60% of what we see. I appreciate you
A cute girl in my class recommended you thanks to her and You, I managed to pass my exam after failing.Great job keep up the good work man!
Congrats on passing! That's awesome news :)
Marry the girl, then make Accounting Stuff the best man.
That's the plan then. Wish me luck 😃
@@muradmuradov8895 u study at wiut?
@@abdunabinurmatov1162 If you're asking am I studying in Taskent, no But in IMC
8:37 I am a Functional Consultant for an ERP, and I love the way you made it crystal clear how the entries affect the ledgers, sub-ledgers and the GL
Thanks, glad you enjoyed it!
I feel like I've been enlightened to new learning when it's supposed to be a review for me. I am really thankful that you upload very informative accounting stuff. This is a really big help to me since I am studying accountancy again after 9 years.
No problem, all the best with your studies!
YOU HAVE HELPED ME SO MUCH, please do carry on with advanced accounting stuff✌🏽 I’ve officially understood the diminishing balance, straight line and your visual start helps alot. Thank you
Thanks Aysha and cheers for your suggestion!
Thanks mate. I am doing a MBA and have zero accounting background. These videos are helping me more than any other accounting handbook out there. Cheers!
Brilliant stuff man.
Cheers Hector!
Oh my god. I finally understand the difference between an account and a ledger, and also a subledger and the general ledger.
The accounting software automates this so much that it's so hard to grasp this. All other videos explain the differences without considering the fact that we use software these days. But I love how you explained it to us, who don't use "books" and instead use software to keep records.
Thanks! Honestly this topic used to confuse me so much as well. Glad it's making sense for you :)
I know this is a much older comment, but I second it. I finally get how to actually do journal entries and what the software does in the background. Thank you do much!!!
The lady that used to do this at my job left. Now I'm doing it and learning with no accounting background what so ever. And here I am. Thankyou!!!!
Ouch! That's a tough situation to be in. Best of luck with it
This clarified the process a lot simpler than in my textbook. I will have to review a few times just so I can encapsulate the process and have no questions. Thank you
I'm just starting my AAT Level 2 course from a standing start in regards to accounts knowledge and I'm finding your videos so helpful! I love your teaching style - everything is clear and concise, and I like how you avoid going off on a tangent by recommending other videos if something isn't making sense. What a great revision tool. Thanks so much!
Thanks Gareth, all the best in your studies!!
@@AccountingStuff Cheers, James! I got my result back for lvl2 this morning, and I passed with a distinction with 96% for the whole course! 😁
This is a great channel. Your visuals and graphical transitions added into the videos really help a visual learner like me, understand things much more easily. For example, those graphical transitions from the Journal Entry into the Subledgers and into the General Ledger makes that difference. It compliments your already great explanations. Thanks so much.
Cheers from Canada
This is the thing I struggled the most with during class because it never really made sense until now.
Thanks for making it easy and simple to understand! I wish that I had searched this before I started Grade 9.
I had an exam on general ledger tomorrow! Omg you're a life saver James! Thank you for making these cool videos!
Best of luck in your exam! Let me know how it goes :)
You are a star. No, you are the brightest star💥. You don't take anything for granted which is definitely what I need as a Systems Engineer learning Accounting
Glad you found it useful :)
I’m Brazilian and I appreciate your video’s Chanel
I just have to say. I genuinely love the fake business names.
"I Want To Hold Your Udder" just took it to another level.
Also fantastic work you are doing to explain these accounting principles!
Thanks, great to hear you enjoyed it!
I'm doing a MSc and this is helping lots bro, really appreciate your work. I need to buy you a beer.
All good Joshua, glad you're finding these useful. Best of luck with your MSc!
I'm not even in college anymore or even an accountant, but I love watching your videos and staying fresh with these principles. Thank you!
Good on you!
You are the best utube channel for accounting what brilliant way to explain topics that many would not think they can understand them
Thanks for your kind words!
Such a helpful content creator bought his cheat sheet and I don't regret it one bit, all I want to say is thanks bro keep up this top tier content.
Thanks Jack! That's great to hear. All the best :)
"And then they had THE PRECIOUS" had to pause for a minute to stop laughing. Great videos James, you have basically taught me financial accounting over 2 years with these videos.
Haha, glad you enjoyed the Gollum reference! All the best with your studies :)
I have been breaking my head on Finance and specifically General Ledger and ur video made it easy like a cake walk........ Thanks a tone!!!!!!! Bless u :p
No problem, glad it's making sense! This topic confused me for so long
certainly on youtube is where you find the best education, thanks for your help!
You've got better video quality and content than channels with millions of subscribers - Keep going and you'll be there in no time!
Thanks for your kind words :)
No words man!!
I have started accounting and found your channel...these videos are simply amazing...entertaining as well as informative...You are a LegenD.. a big round of applause and appreciation for you👏👏👏👏👏
Thanks! Glad you're finding these helpful. All the best with your studies :)
@@AccountingStuff I have started mY own accounting channel now...In Urdu❤
Welcome future accountants 😇
What about the CPF people?
CPF=cramp pass forget
i just started and i am definetly not enjoying the general ledgers lol
Shit career option unless you are corrupt
Nah after this year I'm dropping it now it's getting hard
Hiiii
I am just soo glad I found your channel. a few videos in and the help is already greater than all other channels combined. You are doing god's work. thank you so much
Cheers Steve, I'm glad you're finding them helpful. All the best!
Watching all your videos to prep for an interviews. You’re the man
Best of luck in your interviews :)
@@AccountingStuff it went well and I’ve moved onto phase 2 where I meet with the controller of the company next! I have an accounting degree but been doing more billing more so I will be watching all your videos to refresh my brain!
Nice one! Fingers crossed 🤞@@barrygriffies459
Ever since I found this page I’ve been getting 90’s on my accounting tests 🙏🏾🙏🏾bigs ups brvh 🔥🔥🔥
Nice one! That's awesome to hear :)
Definitely should make a video about bad debt! That would be really awesome!
Cheers for your suggestion :)
@@AccountingStuff And provision for doubtful debt too :D
I am using your videos to help prepare for a job that I am totally under qualified for and it’s helping a lot 😂 thanks a bunch!
Have you ever considered a job in marketing? The names of your companies are brilliant.
Fantastic video! You make accounting simple. I have learned more from your videos than all the classes I took in college.
Thanks buddy! Hope your studies are going well :)
finally understanding accounting and English is not even my first language. but it's great that therms and definitions very well explained..
Glad it's making sense!
James thanks a lot, tomorrow is my accounting quiz. Here I had a much better time getting my head around it than ever before.
How did it go?
@@AccountingStuff 14/15😇thanks again
@@Abecinna Congrats!!!
I learnt more with this 10 minute video than in many classes
Thanks, I'm glad you found it useful!
These are really fun to watch and they actually help with my studies too. I'm treating this like a new series to binge haha :)
Thanks, glad you're enjoying them
I love your videos a lot.. they've helped me understand .. if only our teachers at school taught like this..
Anyway, YOU are a LEGEND ✨
Thanks for your kind words. Hope your studies are going well :)
whenever i get lost in studying, i come here ! thank you for sharing your knowledge .
No problem!
Your videos have been an absolute life saver the last few weeks!! thank you!
Cheers Taylor, glad you're finding them helpful!
Hi James, thank you for your videos, I'm about to start my accounting course and searching TH-cam I found your videos among the best that I have watched so far, very clear approach. big thumbs up!!
Best of luck in your course!
This channel just keeps on giving! Thank you James!
You're most welcome :)
these videos have taught me more than my teacher
Glad you're finding them helpful :)
hey thankyou i under stand more from you than my teacher
Simple, easy to understand and follow through. Good work👍👍👍
Thanks!
thanks so much .please dont stop .your way in explaining things is so amazing
Thanks! I plan to release many more of these :)
Thank you soo much for these! I'm watching these videos and understanding sooo much more than I am in my accounting class!
That's great to hear! All the best :)
Keep posting these great videos! I'm taking my first accounting class this semester and found your channel
Will do! Best of luck with your classes
thank God I found u love the way u transfer and relate the different accounting methods
Just write your own Accounting book, I'll read that okayyyyyyyyyy!!!!!!!!!!!!!!
PS: Please cover other aspects of corporate accounting. I would really really love to watch your content on that.
Perhaps someday! Cheers for your request
Sir, you are AMAZING! I appreciate every second of your videos.
Thanks for your kind words!
Your editing and visual presentation is mind-blowing
Cheers Naveen!
Wow, all of your videos are so easy to understand, and very interesting to watch. Thanks to you i understand accounting even better.
Keep up on your work🥳
Thanks, great to hear you're finding the channel useful!
Top tier video man!
Thank you :)
Thanks a ton sir! Respect from India🔥🌻
Thank you for the Beatles puns. It makes learning accounting much easier so I don't cry instead.
Thanks, glad you enjoyed it!
Keep shining all over us bro. I like you.
THE KING IS BACK
Very helpful videos man!!
Really appreciate it
I have learnt soo much from you
My accounting job starts from tomorrow so i am ready thanks to you :)
Congrats on landing you new job! Hope it goes well :)
THANK YOU. MAY THE UNIVERSE BLESS YOU. SUBSCRIBED AS A THANK YOU!
At 6:39 in the video, the "I Want To Hold Your Udder" account. That was great. Just for that, you get 2 thumbs up. One thumb for great videos and the other for the cow.
you literally saved my life
So good to see you back buddy. I was just going to comment on a few posts, asking for a comeback but its happened on it's own. Brilliant xD
Hopefully have a lot in store for us now😛
Only way we can pass haha
Cheers Omar, I appreciate your support! I have plenty of new videos in the pipeline :)
You're amazing please don't stop making these vids
I plan to make many more :)
Thanks for this sooo much its gonna help me 😁love from a 10th grader (from south africa)
No problem! All the best :)
James you are saving me thank you vary much!! It is a pleasure to watch your videos! Keep going! You are great ! Like to support!!
Cheers for your kind words!
Thanks bro, i have an economics management sciences exam tomorrow
Good luck!!
This given me a good overall understanding on general ledger thanks 🙏🏽
That's great to hear!
Agree with all that you made some amazing videos, but a special shout out to you for taking every opportunity to create the most hilarious cheesy company names :D
Haha thanks, glad you appreciated them :)
thank you brother making it clear, uni does teach like you, easy plain
Love it James! Thank you for making these awesome videos!!!
Bravo! Keep up the hard work! Greetings from the Atlantic ocean!
Cheers Harry, will do!
He’s back!!! Was starting to get worried!
Cheers John :)
@@AccountingStuff I was genuinely abit concerned! But I’m glad if you’re keeping safe and well during these crazy times! Thanks for the excellent content and the great energy you bring to these topics! Really makes a huge difference to grasping it all and keeping the motivation to keep learning :) all the best x
@@johncrabtree6273 No worries, it's been a mad year that's for sure. Hope you've been keeping safe and well!
Oh yes so happy to see you back
Cheers Yousuf!
Finally you made a video, after a long time ❤
Yes, I'm back to it now. There are more on their way :)
This is SOOOOO helpful! A million thanks!🤩
You're very welcome :)
i follow you here in ZAMBIA, SOUTHERN AFRICA
Finally got this on my 2 rewatch.
Glad it's making sense!
Do you do your own editing? I love how you teach in telling a story and giving realistic examples! 👍🏽👍🏽👍🏽👍🏽👍🏽
good timing. assignment due today
Best of luck with it!
You rock James ! Thanks for all !
Thanks for the stuff I really got an understanding of GL clearly
Nice one! Glad it's making sense :)
I have to learn account in english and my native language cause i have a problem with understanding the worst part is im not even interested in taking this subject but i had no choice but i think your videos are a great help and maybe i can actually pass hopefully.
You've got this!!
Please do a video on best practices for naming digital source files such as electronic receipts to quickly find if audited
Very helpful as we are not taught how exactly the accounting software works
Glad to hear it!!
Great video, greetings from Poland
Thanks Marcin!
I devoured all of your content in two days... Helped me tons. Would you elaborate on CapEx pleaese?
Also, I'm so confused on deferred income taxes.
Cheers for your suggestions!
Man you are a life saver!
Can I get a heart?
↗️
Hi James. Your way of teaching is exceptional. Can you please do a video on tax base when you get a chance
Hey Tisha, thanks for your suggestion!
Most of examples are The Beatle's stuff, I've learned and enjoy as well, my minds are singin'
Thanks a lot bro always love your explanations. And nice video editing 👍🏾👍🏾
Cheers Lenard!
Another great video from your channel!
Thanks Tyler :)
Thank you pal....I just was gonna start ledger...❤️❤️❤️
Perfect timing :)
Where have you been!!! Glad you're back!
Thanks, I had a few things to sort out but it's all done now. Back to making vids :)
Great content as always
Thanks mate :)
I forgot what a sub-ledger is, thanks for the reminder!
No worries, hope it's making sense
Thanks for the video chap it's been a while :)
No worries, it sure has!
My recommendation is to setup a Pattern and recommend an entire list of resources, books, tools software and transform this into a full tutorial.
Hey James!!! Your videos ROCK!! ✌🔥😀
Thanks Virginia :)