Debits & Credits and the Accounting Equation (for beginner bookkeepers!)

Video Description

Debits and credits and the accounting equation, for beginner bookkeepers. I'll demystify debits and credits, explaining how they relate to the key accounts in accounting: assets, liabilities, and equity. By understanding the accounting equation of assets equaling liabilities plus equity, you'll gain clarity on how financial transactions impact your business's financial health. I then take you inside QuickBooks Online to show you how to create a journal entry using debits and credits. My website: https://www.finepoints.biz/ ☑️My favorite bookkeeper training (affiliate links) 💜Bookkeeper Launch free series: https://sk293.isrefer.com/go/BLFS/ML82/ 💜Bookkeeper Launch FAQs: https://sk293.isrefer.com/go/BLFAQ/ML82/ 💜Bookkeeper Launch checkout: https://sk293.isrefer.com/go/BLIO/ML82/ ☑️Classes taught by me 🟢How to start your business in 30 days (Bookkeeper Business Coach): https://finepoints.newzenler.com/courses/bookkeeper-business-coach 🟢How to get clients (Bookkeeper Marketing Coach): https://finepoints.newzenler.com/courses/bookkeeper-marketing-coach ☑️Free stuff ➡Is bookkeeping right for me? (free masterclass): https://finepoints.newzenler.com/fp/beginner-bookkeeping-masterclass-1 ➡How I got my first 3 CLIENTS (free masterclass): https://finepoints.newzenler.com/fp/clients ➡Start a bookkeeping business (free checklist) https://finepoints.newzenler.com/f/start-a-bookkeeping-business-checklist-1 ➡LEARN bookkeeping (my favorite training options): https://finepoints.newzenler.com/f/certification-chart-freebie ➡Where to start bookkeeping (chart): https://finepoints.newzenler.com/f/decision-tree-chart ➡Tax Biz (free intro class on taxes): Bookkeepers.com no longer offers this class! ➡More freebies on my website: https://www.finepoints.biz/resources ➡ Please SUBSCRIBE! https://www.youtube.com/@UCKwFBVwdVjyhE0wa0WvJpjw ☑️Margie’s Classes (affiliate links) **Use code "FinePoints15" for 15% off on any class** Pass the ProAdvisor Test: https://fastandeasyqbo.samcart.com/referral/qbo-basic/X03zI7TgYsggOYXf Pass the ProAdvisor Test (Advanced): https://fastandeasyqbo.samcart.com/referral/qbo-advanced/X03zI7TgYsggOYXf Free guide for the test: https://fastandeasyqbo.samcart.com/referral/everything25/X03zI7TgYsggOYXf Get hands-on experience (QBO gym): https://fastandeasyqbo.samcart.com/referral/gym-pass/X03zI7TgYsggOYXf All classes: https://fastandeasyqbo.samcart.com/referral/S9VDjgIM/X03zI7TgYsggOYXf ☑️Other awesome classes (affiliate links) Booming Bookkeeping: https://www.boomingbookkeeping.com/register?affiliate_id=3902557 Nerd Enterprises: https://www.nerdenterprises.com/a/20210/u7o94LhJ 5 Minute Bookkeeping: https://courses.5mbacademy.com/?ref=a25de6 ▶My Bookkeeping Tech Tools: https://www.finepoints.biz/blog/technology-tips-for-bookkeepers ▶ Videos to get started bookkeeping: Learn bookkeeping: https://youtu.be/5W1m-0R6H_k Bookkeeper certification for FREE: https://youtu.be/xKcCrN5Sn-E How to become a bookkeeper (with chart): https://youtu.be/IyZvsc0gavM How to get clients: https://youtu.be/RrrKUYuMSA4 What does a bookkeeper do? https://youtu.be/XVu0Lr_vElY Day in the life playlist: https://youtube.com/playlist?list=PLCG_jzVy0dAP7Ih6lsz-XD6kVT2w5-wCr Bookkeeper Launch video: https://youtu.be/dUrjJy1ersw Client onboarding: https://youtu.be/zEzlaAoEfgQ How much to charge: https://youtu.be/tm-Eo3tke0E Services to offer: https://youtu.be/3BPxGm1SIGk ▶ More videos you'll like: Big, medium & small clients: https://youtu.be/8A877-pVRKA Niches playlist: https://youtube.com/playlist?list=PLCG_jzVy0dAMm3ERdb-gEY-ZLSnRdCxq8 Before you start: https://youtu.be/40d-8IsYqDo Impostor syndrome for bookkeepers: https://youtu.be/Y1HVIYj6Mq8 10 reasons to start bookkeeping: https://youtu.be/2tZOoXoZC_w How to clean up a client's books: https://youtu.be/moRR3fc61XE #bookkeeper #finepoints #bookkeeping