The ACCOUNTING BASICS for BEGINNERS

Accounting is the process of recording, organizing, understanding, reporting on, and analyzing financial information of a business. The accounting process can be broken into three core parts: 1. Recording all transactions 2. Reporting with key financial statements 3. Analyzing the data 👉 BEST Virtual Address for Business: https://bit.ly/44Tv7TC 👉 Free LLC Operating Agreement: https://bit.ly/2TQ1Itk ⏱️TIMESTAMPS 00:00 - Intro 01:13 - What is Accounting? 03:13 - Step 1 of the Accounting Process 04:57 - Step 2 of the Accounting Process 07:40 - Step 3 of the Accounting Process 08:18 - Accounting Process Example 10:04 - Outro Subscribe: https://bit.ly/2HJlq46 Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos! /// 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).