Prepayments Explained - Part 2 - Prepayment Examples #prepayments #prepayment

This is part two of my prepayments and accruals basics series. This video provides examples of prepayments, including prepayment calculations, double-entry, reversal, and posting prepayments. Next Video: https://youtu.be/LPWTrmOkRYs Tutorial Outline: 0:00 Episode Start 0:34 Prepayment Example 1 4:05 Prepayment Calculation 6:48 Prepayment Journal Double-Entry 8:37 Prepayment Reversal 10:12 Prepayment Example 2 #accounting #bookkeeping #managementaccounting 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/