Prepayments Explained - Part 1 - Prepayment Basics #prepayments #prepayment

This series will teach you the basics of prepayments and accruals. This video in particular is an introduction to prepayments. Next Video: https://youtu.be/wQOua6lbboQ Tutorial Outline: 0:00 Episode Start 2:36 Prepayment Basics 4:52 Why are Prepayments Needed 6:50 Prepayments Explained 9:58 Common Prepayment Expenses #bookkeeping #accounting #advancedaccounting 90% off Xero for six months: https://bit.ly/4fkXajv The ULTIMATE bookkeeping and accounting course: https://bit.ly/3SBbwkJ The Bookkeeping Master is dedicated to free bookkeeping and accounting content Website: https://www.freebookkeepingaccounting.com/