Super clear and understandable. I’ve been binge watching your tutorial videos. Thank you for sharing your videos ma’am! Super effective and efficient. Not time consuming yet full load with knowledge. 💛
Now I can actually understand you. I understand there are other cultures around, glad they are here but, people who have heavy accents are hard to understand for me, I'm happy to have found this thx.
You have an amazing voice and clarity on the subject... you should be proud of that. Based on the content, I believe your 'no. of views' is simply an understatement. Thank you Else.. Keep up the good work.
Been reading the receivables chapter from the textbook this afternoon, using the accounting equation before and after year end helped clarify a couple of issues i had with it. Thank you !
I am truly amazed and thankful for you and for the way you clarified the subject. Do you have more videos explain different subject like A/Payable and payroll, or bank reconciliation. please let me know. :) And do you have videos where explain how to enter daily general entries, like receives bills and make payments, or receiving payments from customers, or preparing payroll on accounting programs like simply accounting programs or QB program. if you don't have, please think about do it.. making them in your way, its much easier to understand them. Thanks again for your great job,
Thanks Emma....I am starting to generate more videos but they are pretty time consuming. But I will certainly be adding more videos over the next few months. Thanks again for your positive comments.
Hi ma'am. I am currently reviewing for my CPA exam and im so glad i bump into your video. Saved me so much time recalling this certain topic. Thank you and please do more videos.
Depends on what you mean by "company is able to clear off the AFDA". Do you mean if the customer which went bad now paid the full amount? If that is what you mean by "clear off the AFDA" then no, bad debt expense is not credited. Instead, when a customer is written off and then, later, pays the amount, we do two entries: Dr. A/R, Cr. AFDA (to reinstate the accounts receivable) and then Dr. Cash, Cr. A/R (to recognize payment). There is no direct impact on Bad Debt Expense. Hope that helps!
Hi Grech, The subject is clear and simple to understand for the layman point of view. However, could you please align this topics to the liabilities of the balance sheet as well. so that it would be more clear in the topic on how it would impact in the liability side of B/S.
Sorry but there is no impact on the liabilities side of the balance sheet when dealing with A/R and the AFDA. That's why I don't show it. Sorry if anything in the video was confusing and made you think there was an impact on liabilities. Warm regards, Else
@@elsegrech No problem Grech. Thanks for the reply back. However, there will be impact in liability side of B/S with the provision for Baddebts will be deducted from liabilities if I was not wrong.
@@lakshmanyadav1101 Sorry but no. The provision is a contra asset account and would be included as part of current assets. There is no impact on liabilities. Hope that helps. Else
Your presentations are clear and well thought out. Rather than put them together in one long video, you separate them to emphasise a particular principle while linking them to each other by drawing from the examples and concepts shared. And your communication skills are engaging - you've turned what could've been dry materials into valuable lessons by prioritising logic and clarity rather than a mess of jargons. Thank you Else for being so generous with sharing your time and knowledge.
Thank you so very much for your feedback!! I am so happy that you find my videos well structured because I work very hard on them...so it is great to know it shows! Warmest regards, Else
@@elsegrech positive feedback for quality work is a given. It's clear from the structure and presentation flow you've put a lot of thought into planning this. Again, thank you for sharing - I wish more accounting mentors and professors are as engaging and able to relate so closely to the audience. Keep up with the excellent work!
What if i receive a check in November for a service i will perform in the next fiscal year. how do i register this at the end of the year (Notes that I can only cash the cheque next year after I give the service) ? Thank you I appreciate
hind hk it will be recorded as an accrued revenue (credit liability and debit cash), somehow the same as if walmart for instance sells you a prepaid card, they will record it that way in their books. Hope it helps :)
my GOD,you are a gift too us accounting made easy i feel like crying....thank you so much
Super clear and understandable. I’ve been binge watching your tutorial videos. Thank you for sharing your videos ma’am! Super effective and efficient. Not time consuming yet full load with knowledge. 💛
Thanks so much Jamila!! Nice to have this feedback. Warm regards, Else
Now I can actually understand you. I understand there are other cultures around, glad they are here but, people who have heavy accents are hard to understand for me, I'm happy to have found this thx.
You are very welcome!
You have an amazing voice and clarity on the subject... you should be proud of that. Based on the content, I believe your 'no. of views' is simply an understatement.
Thank you Else.. Keep up the good work.
Thanks so much Subin!! I really appreciate your feedback!
Been reading the receivables chapter from the textbook this afternoon, using the accounting equation before and after year end helped clarify a couple of issues i had with it. Thank you !
You are very very welcome!!!
I am truly amazed and thankful for you and for the way you clarified the subject. Do you have more videos explain different subject like A/Payable and payroll, or bank reconciliation. please let me know. :)
And do you have videos where explain how to enter daily general entries, like receives bills and make payments, or receiving payments from customers, or preparing payroll on accounting programs like simply accounting programs or QB program. if you don't have, please think about do it.. making them in your way, its much easier to understand them.
Thanks again for your great job,
Thanks Emma....I am starting to generate more videos but they are pretty time consuming. But I will certainly be adding more videos over the next few months. Thanks again for your positive comments.
Thank you for your lesson.It help me a lot and it solve my doubt.Thank you so much😇
Thank you so much!
Hi ma'am. I am currently reviewing for my CPA exam and im so glad i bump into your video. Saved me so much time recalling this certain topic. Thank you and please do more videos.
Working hard on them Dyzm!! Thanks for the feedback. Warm regards, Else
you are amazing,thanks a lot!!!
Greetings all the way from Sudan,East Africa
Will bad debt expense be credited by $25000 if the company is able to clear off the allowance for doubtful accounts? 3:49
Depends on what you mean by "company is able to clear off the AFDA". Do you mean if the customer which went bad now paid the full amount? If that is what you mean by "clear off the AFDA" then no, bad debt expense is not credited. Instead, when a customer is written off and then, later, pays the amount, we do two entries: Dr. A/R, Cr. AFDA (to reinstate the accounts receivable) and then Dr. Cash, Cr. A/R (to recognize payment). There is no direct impact on Bad Debt Expense. Hope that helps!
Hi Grech,
The subject is clear and simple to understand for the layman point of view. However, could you please align this topics to the liabilities of the balance sheet as well. so that it would be more clear in the topic on how it would impact in the liability side of B/S.
Sorry but there is no impact on the liabilities side of the balance sheet when dealing with A/R and the AFDA. That's why I don't show it. Sorry if anything in the video was confusing and made you think there was an impact on liabilities. Warm regards, Else
@@elsegrech No problem Grech. Thanks for the reply back. However, there will be impact in liability side of B/S with the provision for Baddebts will be deducted from liabilities if I was not wrong.
@@lakshmanyadav1101 No, the provision is a contra asset account, not a liabilities account.
@@lakshmanyadav1101 Sorry but no. The provision is a contra asset account and would be included as part of current assets. There is no impact on liabilities. Hope that helps. Else
Thank you
Your presentations are clear and well thought out. Rather than put them together in one long video, you separate them to emphasise a particular principle while linking them to each other by drawing from the examples and concepts shared. And your communication skills are engaging - you've turned what could've been dry materials into valuable lessons by prioritising logic and clarity rather than a mess of jargons. Thank you Else for being so generous with sharing your time and knowledge.
Thank you so very much for your feedback!! I am so happy that you find my videos well structured because I work very hard on them...so it is great to know it shows! Warmest regards, Else
@@elsegrech positive feedback for quality work is a given. It's clear from the structure and presentation flow you've put a lot of thought into planning this. Again, thank you for sharing - I wish more accounting mentors and professors are as engaging and able to relate so closely to the audience. Keep up with the excellent work!
Thank you so much.
More than happy to help!!
Else Grech Accounting ❤❤
How do non-profits deal with this contra asset AFDA-do they use it or generally do they use the direct write-off method?
Non-profits would deal with doubtful A/R in the same way, using the AFDA as long as the amount of the write off is material. Hope that helps!
@@elsegrech Thank you 😊
When it comes to the questions, evrythng wil b confused....how to get rid f
What if i receive a check in November for a service i will perform in the next fiscal year. how do i register this at the end of the year (Notes that I can only cash the cheque next year after I give the service) ? Thank you I appreciate
hind hk it will be recorded as an accrued revenue (credit liability and debit cash), somehow the same as if walmart for instance sells you a prepaid card, they will record it that way in their books.
Hope it helps :)
Thank you so much this is really helpful
Thanks for the tips! You are great!
Thanks
You are very welcome!!
Am looking for AR L5
I am working on Lecture 5 and hope to have it up shortly. Sorry for the delay.
Why are you speaking so fast?
I apologize for that. If it helps, you can change the speed of the video in the settings found at the bottom right of the video.
No its alright, your speech is clear and easy to understand,
Thanks for the videos!
Agree!