Bookkeeping 101: What is it? Why is it Important? How to Get Started
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- เผยแพร่เมื่อ 29 พ.ค. 2024
- Bookkeeping 101 for Small Business Owners!
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Today, I am going to share with you small business bookkeeping tips and tricks to getting your business finances in order!
In this video, I am going to talk about:
1. What is bookkeeping?
2. Why bookkeeping is CRITICAL & NECESSARY in your business?
3. How it works?
4. Tips on getting started and growing your business.
Outline:
Intro: (0:00)
What is Bookkeeping?: (1:37)
Reasons You Need Bookkeeping in Your Business: (2:02)
How It Works?: (3:33)
How to get started?: (5:18)
Recap: (9:50)
Interested in talking with someone from our team? Sign up to get notified when we are accepting new clients here: lyfeaccounting.com/coming-soon/
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
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beauty and brains
Thanks!
I know right. I was thinking the same thing
For real
How to bookkeep: Pay for a business bank account, pay for a bookkeeping program and pay for a bookkeeper to feed in the numbers.
Wow, the quality and value of this video if incredible.
Thank you!
Straight to the point and very informative. All of this for free! Wow!
💯💯
I am so happy I found this channelm you guys are the best. Appreciation all the way from Trinidad & Tobago 🇹🇹
The internet bill is waving. 😅
black girl magic! thank youu!
💁🏽♀️
This is probably the best TH-cam channel on accounting for small business, I’ve ever seen. Congrats.
Wow thanks Sebastian! We appreciate you for watching and commenting! -Krystal
Thank you so much for simplifying this! Many other videos make bookkeeping difficult to comprehend.
The BEST introduction to accounting/bookkeeping: clear objective, informative, detailed, complementary graphics, energetic through the wrap-up
First video ever that's clear, and simple to understand 🙏
I am so impressed with how informative this channel is! I found out about it yesterday and after watching 2 videos I IMMEDIATELY subscribed. 👍🏾 keep up the great work! I love how straight to the point the videos are and how there's a summary at the end. The visuals are so helpful aids as well! You all should have more subscribers in no time!
We hope so, thank you so much for your feedback! 😊
I immediately subscribed too!
It's Easy to learn when a Beautiful teacher is teaching you.
This channel is pure gold!
I really appreciate the abundance amount of information you guys share... I recommended your channel to several people...
This video is very well organized. I like the step-by-step explanations.
Thank you so much, you're brilliant.
Excellent video! Thank you for the valuable information!
Well done. Very concise and clear.
Thank you, Lyfe Accounting! This is very much informative for a young bookkeeper like me. Love it! ❤️
You're so welcome!
These videos are so helpful, thank you!!
Incredibly helpful to have this high level view
I will be sharing this video with everyone in business I know . Thank you for your time.
Thanks for sharing!!
Thank you!! This was so helpful
Thank you for a interesting and easy to understand preview of the Bookkeeping tips. I have found the step by step process certainly is the best way of doing things. Hopefully I will be able to sit and watch another one of your videos in the near future. 😁
Thank you for sharing!
Budgeting Is Everything Ty - Subscribed Immediately 💨
The one of the best video every, your team is the best. Thank you very much for your support and help.
Thank you so much for the love, glad it helped you
absolutely loved this.. Thank you for sharing
Thank you!!
Gorgeous, smart, elegant, and well spoken. Every man dream girl.
This video was so informative! Thank you for sharing. 👏🏿
You are so welcome!
Excellent video! Well made and easy to understand!!
Glad you enjoyed it! Hope you consider subscribing
Thx you guys make things easier
This video was very helpful and informative. Thank you!
Thanks so much for watching!
Always great info and they make it easily applicable
Thank you!
Just beautiful!😍... and the information was great too...😀
I need to start my book keeping education.. great explanation. Thanks
So informative! Thanks a lot. You guys are killing it
Thanks Sorrell!
Great Detailed Info! Thanks!
Glad it was helpful!
Thank you
Thanks great information to help me get a bookkeeping job
Excellent video! Thank you!
Oh thank you, I hope you consider subscribing :-)
This video was so good! As a small business owner I’m constantly working on my books. I’ll definitely be checking out more of your content!
Glad it was helpful! Make sure you subscribe :)
Wow. Thank you for creating this. Very information and easy to understand.
Glad it was helpful!
Good lord you’re amazing! Thanks for the insight.
I appreciate that!
Not only is she knowledgeable, but very beautiful!!
So much value here!! 🔥🔥🔥
Make sure you subscribe!
My potential plan:
1.Bookkepping/ accounts payable clerk
2.CPA
3. Finanacial manager
4. Controller
5. CFO
This is so helpful, I’ve watched it 3 times! 😂 thanks for posting this!
So glad it was helpful. Thank you!
Just found you today. Super helpful many thanks!
Hi there lovely lady... I found this channel last night and I'm so appreciative and impressed. There's so much great content. It's organized, informative and you've presented this material with incredible energy. I feel at ease and motivated to move forward confidently. Next video... LLC vs S Corp. Thank you so much and I'm looking forward to your all of your videos, blessings!
Thank you so much! Glad you enjoyed!
Great video. You kept my attention the entire time.
Glad you enjoyed it!
Amzaing you describe through point that great knowledge
Thank you so much Krystal -- am assisting my g-daughter in setting up her new business venture, and coming from an accounting/network admin 25 year work experience, I can truly say your presentation was perfect, precise and very comprehensive in every way -- not only are you an attractive young lady, but highly intelligent -- or as my accountant friend said best upon seeing your video: "this woman has that unique combination of beauty and brains" . . .
Wow! Thank you so much Rick. I greatly appreciate your comment and experience. I'm glad this video can be helpful for your granddaughter
Thanks so much
Learned a lot. Thank you much 👍👍👍
So nice of you
Excellent video, thanks.
Thaanks for watching!
Thanks; If it was possible, I would have given this video a tombs up everytime I re-watch it.
Glad you liked it!
Finally a woman of color !! I love it!
💁🏽♀️ Thanks for supporting.
Great video, very clear , very informative, keep up great work
Glad it was helpful Zac!
I absolutely loved your video! You being a professional, can you make a video to explain to new comers like myself how to get set up for the first time in quickbooks? I've seen other videos but the way you explain bookkeeping 101, I think you will do an awesome job helping new small business owners. Keep up the good work!
Thank you! Subscribe to our channel so you don't miss out on future videos! I'm sure we will do a video on that very soon!
Great video! I've watched several today but by far this is the best for me. Awesome! Thank you for posting it. I've already subscribed today.
Glad I was able to help and welcome to the family.
You are a star!
Love it!
Thanks!
Great information
What a lovely young lady. Sherman must be her father.
I like this channel!
They’re married!
@@LYFEAccounting hahhaahhahahahahahahhaah
This video just earned my sub. Thank you for sharing your knowledge
Awesome, thank you!
Thanks for sharing!
And thank you for watching :)
I just learned so much!
Glad you did, let us know what you think we should next!
Excellent video class❤😊
Well done..!!!
Particularly informative for a newbie like myself. This video was my 1st ever. Looking to stand in, 'with GOD'S HELP' as my son's personal bookkeeper, who is at the the very front of starting his own business. He traded his 1st car (almost 3 yrs in) for his very 1st Ford Pickup almost 2 weeks ago... and I told him last night... "Now you've started your business!"
Anyway, thanks for this video!!❤
Glad it helped and CONGRATS 🎉 to your son. 😁
@@LYFEAccounting thank you...
EXCELLENT PRESENTATION, GREAT INFORMATION.
Glad it was helpful! How do you do your bookkeeping?
@@LYFEAccounting need to do better
OMG she is perfect ❤
Wonderful Overview!
Thanks!
A trade or business in the IRS code is the performance of the function of a public office
Definitely appreciate the info. #majorpromotion
Watching from the Caribbean Jamaica. Beautiful and smart black Woman. Keep up the amazing work.
Cool, my family is from JA. Thanks for watching!
I am doing a project on bookkeeping this is the first channel I watch to get inspiration from. It really help. My lecturer say they love the ideas.
I want to learn basic bookkeeping and basic accounting. Thanks for sharing.
May I ask why you are looking to learn more about this? Are you a business owner or student?
@@LYFEAccounting i want to become a business owner and want to understand why its important
Excellent video! Well done!
Thank you very much!
Excellent video
Krystal this info was right on target, thanks
Glad it was helpful!
this was 1000% useful! i am a tax preparer with a great list of business clients and soon to be business owners. who can i speak with about book keeping?
Great video!
Thank you!
Beauty and browns 🧠💐
This channel is amazing! Do you all have a bookkeeping template (sheets or excel)? That would be awesome.
Not yet!
Yaa di Boss!
This is incredible. Exactly what I have been looking for. Just subscribed after watching. Your are very beautiful too.
Im happy to hear that! Thank you so much :)
Wow content🌟🙏
Thanks!
very informative, new subscriber here. Planning to work as freelance bookkeeper.
Awesome, thanks Jennibeth. Wishing you the best in your bookkeeping venture!
Thanks Krystal. What do you think of using GOdaddy book keeping. My small new LLC side business makes around 30000 a year. Thank you
Great video very informative
Glad it was helpful!
Great informative video!
Just a thought: you might want to proofread the text animation for spelling. Example at 3:15
Thank you, will double check!
fire
Tip 1: Dump a few boxes full of bank statements and receipts at 1PM on April 15th, the say this is for your S-Corp!
LOL
Yes, this has happened to me
Subbed.. thanks
Love your videos. Can tell a non-business person did the graphics though. Note payable is put in as no payable and P&L as PNL.
😅 Great catch. Was one of out first videos and would hope that we've gotten better here recently.
I hope I don't get beat up for saying this, but you are sooo cutteee!! lol
Thank you!
@@LYFEAccounting You're welcome :)
can you please make video on bookkeeping template or how to maintain account..??
So I have been told that you need to have a 2-4 yr degree in accounting in able to become a bookkeeper successfully. Is there anyway to just become a bookkeeper without any degree behind it as well as no experience?
You are so beautiful and knowledgeable
WOW Thank you
I like the presenter's enthusiasm. I noticed a few spelling mistakes.
Thanks for watching :) Hopefully the message came across well even with a few errors