GENERAL LEDGER: Visual Guide to Posting Journals

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In this video you'll find out what the General Ledger means in Accounting. You'll see how ledgers were used in the past and how they have evolved over time. I'll take you through two example transactions and show you how to post them to the General Ledger in two different ways, using Manual Journal Entries and Automatic Journal Entries with Subledgers.
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⏱️TIMESTAMPS
00:00 - Intro
00:08 - General Ledger Definition
00:25 - History of General Ledger
01:19 - Ledger Definition (Old)
01:28 - Types of Ledger (General Ledger vs Subledger)
02:04 - Ledger Definition (New)
02:13 - General Ledger Definition (New)
02:22 - Channel Memberships
02:43 - EXAMPLE 1: MANUAL JOURNAL ENTRIES
05:46 - EXAMPLE 2: AUTOMATIC JOURNAL ENTRIES & SUBLEDGERS
09:03 - Outro
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#accounting #accountingbasics #accountingstuff

[@AccountingStuff]

Hey there, it's been a while!! Ledgers confused me for a long time when I started out in accounting. I hope you find this explanation helpful. If you have any suggestions for future vids then please let me know :)
⏱️TIMESTAMPS
00:00 - Intro
00:08 - General Ledger Definition
00:25 - History of General Ledger
01:19 - Ledger Definition (Old)
01:28 - Types of Ledger (General Ledger vs Subledger)
02:04 - Ledger Definition (New)
02:13 - General Ledger Definition (New)
02:22 - Channel Memberships
02:43 - EXAMPLE 1: MANUAL JOURNAL ENTRIES
05:46 - EXAMPLE 2: AUTOMATIC JOURNAL ENTRIES & SUBLEDGERS
09:03 - Outro

[@mapl3af]

Could you talk about your work experience and what you liked / disliked the most about your work? (Auditor, industry, public accounting etc)

[@AccountingStuff]

@@mapl3af Thanks for your suggestion!

[@mapl3af]

@@AccountingStuff no problem! It's always refreshing to see a channel related to accounting. I'm a student and I'm always looking for new resources :)

[@biLLisboredmlg]

Would love to see a video about accounts receivable, notes receivable, bad debt expense, the allowance method and direct method. Or maybe one about financial fraud as well ;)
Love the channel btw

[@AccountingStuff]

@@biLLisboredmlg Thanks for all your suggestions!

[@muradmuradov8895]

A cute girl in my class recommended you thanks to her and You, I managed to pass my exam after failing.Great job keep up the good work man!

[@AccountingStuff]

Congrats on passing! That's awesome news :)

[@nightking9435]

Marry the girl, then make Accounting Stuff the best man.

[@muradmuradov8895]

That's the plan then. Wish me luck 😃

[@abdunabinurmatov1162]

@@muradmuradov8895 u study at wiut?

[@muradmuradov8895]

@@abdunabinurmatov1162 If you're asking am I studying in Taskent, no But in IMC

[@TheOriginalNikkiSerenity]

Thank you so much for the visual. People forget we retain 20% of what we hear and 60% of what we see. I appreciate you

[@HectorGarciaCPA]

Brilliant stuff man.

[@AccountingStuff]

Cheers Hector!

[@aysha111]

YOU HAVE HELPED ME SO MUCH, please do carry on with advanced accounting stuff✌🏽 I’ve officially understood the diminishing balance, straight line and your visual start helps alot. Thank you

[@AccountingStuff]

Thanks Aysha and cheers for your suggestion!

[@1986Unlimited]

This is a great channel. Your visuals and graphical transitions added into the videos really help a visual learner like me, understand things much more easily. For example, those graphical transitions from the Journal Entry into the Subledgers and into the General Ledger makes that difference. It compliments your already great explanations. Thanks so much.
Cheers from Canada

[@kwonjihoon2270]

I feel like I've been enlightened to new learning when it's supposed to be a review for me. I am really thankful that you upload very informative accounting stuff. This is a really big help to me since I am studying accountancy again after 9 years.

[@AccountingStuff]

No problem, all the best with your studies!

[@mdh3855]

8:37 I am a Functional Consultant for an ERP, and I love the way you made it crystal clear how the entries affect the ledgers, sub-ledgers and the GL

[@AccountingStuff]

Thanks, glad you enjoyed it!

[@iliveitup7418]

Thanks mate. I am doing a MBA and have zero accounting background. These videos are helping me more than any other accounting handbook out there. Cheers!

[@tomstanely]

Oh my god. I finally understand the difference between an account and a ledger, and also a subledger and the general ledger.
The accounting software automates this so much that it's so hard to grasp this. All other videos explain the differences without considering the fact that we use software these days. But I love how you explained it to us, who don't use "books" and instead use software to keep records.

[@AccountingStuff]

Thanks! Honestly this topic used to confuse me so much as well. Glad it's making sense for you :)

[@jewris.art11]

Welcome future accountants 😇

[@MK8_KIDD]

What about the CPF people?
CPF=cramp pass forget

[@zoharizwan1129]

i just started and i am definetly not enjoying the general ledgers lol

[@user-zi2ry9ik1i]

Shit career option unless you are corrupt

[@HighwayToOblivion1]

Nah after this year I'm dropping it now it's getting hard

[@scarlettnatalia]

Hiiii

[@johnathanvanderschyff3513]

This is the thing I struggled the most with during class because it never really made sense until now.
Thanks for making it easy and simple to understand! I wish that I had searched this before I started Grade 9.

[@44godson]

This clarified the process a lot simpler than in my textbook. I will have to review a few times just so I can encapsulate the process and have no questions. Thank you

[@qww760]

Fantastic video! You make accounting simple. I have learned more from your videos than all the classes I took in college.

[@AccountingStuff]

Thanks buddy! Hope your studies are going well :)

[@StevesterLi]

I am just soo glad I found your channel. a few videos in and the help is already greater than all other channels combined. You are doing god's work. thank you so much

[@AccountingStuff]

Cheers Steve, I'm glad you're finding them helpful. All the best!

[@hecgar1016]

certainly on youtube is where you find the best education, thanks for your help!

[@TheRadRingo]

"And then they had THE PRECIOUS" had to pause for a minute to stop laughing. Great videos James, you have basically taught me financial accounting over 2 years with these videos.

[@AccountingStuff]

Haha, glad you enjoyed the Gollum reference! All the best with your studies :)

[@sadafchowdhury2885]

I had an exam on general ledger tomorrow! Omg you're a life saver James! Thank you for making these cool videos!

[@AccountingStuff]

Best of luck in your exam! Let me know how it goes :)

[@garethwright9820]

I'm just starting my AAT Level 2 course from a standing start in regards to accounts knowledge and I'm finding your videos so helpful! I love your teaching style - everything is clear and concise, and I like how you avoid going off on a tangent by recommending other videos if something isn't making sense. What a great revision tool. Thanks so much!

[@AccountingStuff]

Thanks Gareth, all the best in your studies!!

[@garethwright9820]

@@AccountingStuff Cheers, James! I got my result back for lvl2 this morning, and I passed with a distinction with 96% for the whole course! 😁

[@jaretwilliams2564]

Keep posting these great videos! I'm taking my first accounting class this semester and found your channel

[@AccountingStuff]

Will do! Best of luck with your classes

[@bl8596]

This channel just keeps on giving! Thank you James!

[@AccountingStuff]

You're most welcome :)

[@JS-pm2gn]

Thank you soo much for these! I'm watching these videos and understanding sooo much more than I am in my accounting class!

[@AccountingStuff]

That's great to hear! All the best :)

[@loveless0729]

Your videos have been an absolute life saver the last few weeks!! thank you!

[@AccountingStuff]

Cheers Taylor, glad you're finding them helpful!

[@joshpampers]

I'm doing a MSc and this is helping lots bro, really appreciate your work. I need to buy you a beer.

[@AccountingStuff]

All good Joshua, glad you're finding these useful. Best of luck with your MSc!

[@ZarahSadruddinNanji]

Love it James! Thank you for making these awesome videos!!!

[@italopessoacontador]

I’m Brazilian and I appreciate your video’s Chanel

[@daarkthunderr]

thanks so much .please dont stop .your way in explaining things is so amazing

[@AccountingStuff]

Thanks! I plan to release many more of these :)

[@amh9738]

You are the best utube channel for accounting what brilliant way to explain topics that many would not think they can understand them

[@AccountingStuff]

Thanks for your kind words!

[@fadiajouli4779]

Hi James, thank you for your videos, I'm about to start my accounting course and searching CZcams I found your videos among the best that I have watched so far, very clear approach. big thumbs up!!

[@AccountingStuff]

Best of luck in your course!

[@akshat6007]

THE KING IS BACK

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Ever since I found this page I’ve been getting 90’s on my accounting tests 🙏🏾🙏🏾bigs ups brvh 🔥🔥🔥

[@AccountingStuff]

Nice one! That's awesome to hear :)

[@yousufmohammed5705]

Oh yes so happy to see you back

[@AccountingStuff]

Cheers Yousuf!

[@brandongood5401]

Definitely should make a video about bad debt! That would be really awesome!

[@AccountingStuff]

Cheers for your suggestion :)

[@tomstanely]

@@AccountingStuff And provision for doubtful debt too :D

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Simple, easy to understand and follow through. Good work👍👍👍

[@AccountingStuff]

Thanks!

[@itx_shayyna559]

No words man!!
I have started accounting and found your channel...these videos are simply amazing...entertaining as well as informative...You are a LegenD.. a big round of applause and appreciation for you👏👏👏👏👏

[@AccountingStuff]

Thanks! Glad you're finding these helpful. All the best with your studies :)

[@itx_shayyna559]

@@AccountingStuff I have started mY own accounting channel now...In Urdu❤

[@shivaniarunkumar1248]

I love your videos a lot.. they've helped me understand .. if only our teachers at school taught like this..
Anyway, YOU are a LEGEND ✨

[@AccountingStuff]

Thanks for your kind words. Hope your studies are going well :)

[@ay_beats]

This given me a good overall understanding on general ledger thanks 🙏🏽

[@AccountingStuff]

That's great to hear!

[@fahadibrahim8575]

Very helpful videos man!!
Really appreciate it
I have learnt soo much from you
My accounting job starts from tomorrow so i am ready thanks to you :)

[@AccountingStuff]

Congrats on landing you new job! Hope it goes well :)

[@RebeccasFinanceTutorials]

Thanks for the video chap it's been a while :)

[@AccountingStuff]

No worries, it sure has!

[@tehilacastro2230]

thank God I found u love the way u transfer and relate the different accounting methods

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Your editing and visual presentation is mind-blowing

[@AccountingStuff]

Cheers Naveen!

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Keep shining all over us bro. I like you.

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Another great video from your channel!

[@AccountingStuff]

Thanks Tyler :)

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Finally you made a video, after a long time ❤

[@AccountingStuff]

Yes, I'm back to it now. There are more on their way :)

[@UnknownMFe]

These are really fun to watch and they actually help with my studies too. I'm treating this like a new series to binge haha :)

[@AccountingStuff]

Thanks, glad you're enjoying them

[@mohsinbaig2195]

Watched done 🙌🏼. Amazingly described 💕

[@jayzee2634]

Top tier video man!

[@AccountingStuff]

Thank you :)

[@edoceruti6314]

James you are saving me thank you vary much!! It is a pleasure to watch your videos! Keep going! You are great ! Like to support!!

[@AccountingStuff]

Cheers for your kind words!

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This is awesome!

[@danielagonzalez17]

The lady that used to do this at my job left. Now I'm doing it and learning with no accounting background what so ever. And here I am. Thankyou!!!!

[@AccountingStuff]

Ouch! That's a tough situation to be in. Best of luck with it

[@terri0075]

You are a star. No, you are the brightest star💥. You don't take anything for granted which is definitely what I need as a Systems Engineer learning Accounting

[@AccountingStuff]

Glad you found it useful :)

[@ourlittleworld7064]

I have been breaking my head on Finance and specifically General Ledger and ur video made it easy like a cake walk........ Thanks a tone!!!!!!! Bless u :p

[@AccountingStuff]

No problem, glad it's making sense! This topic confused me for so long

[@charr007]

Bravo! Keep up the hard work! Greetings from the Atlantic ocean!

[@AccountingStuff]

Cheers Harry, will do!

[@garyshaeffer5349]

I'm not even in college anymore or even an accountant, but I love watching your videos and staying fresh with these principles. Thank you!

[@AccountingStuff]

Good on you!

[@AnakinNightWalker465]

Sir, you are AMAZING! I appreciate every second of your videos.

[@AccountingStuff]

Thanks for your kind words!

[@thesyedhouse1981]

hey thankyou i under stand more from you than my teacher

[@OneGamblor]

I am using your videos to help prepare for a job that I am totally under qualified for and it’s helping a lot 😂 thanks a bunch!
Have you ever considered a job in marketing? The names of your companies are brilliant.

[@lenardlong4927]

Thanks a lot bro always love your explanations. And nice video editing 👍🏾👍🏾

[@AccountingStuff]

Cheers Lenard!

[@ndcarrillo84]

You're amazing please don't stop making these vids

[@AccountingStuff]

I plan to make many more :)

[@user-nn1gr3bo6t]

Wow, all of your videos are so easy to understand, and very interesting to watch. Thanks to you i understand accounting even better.
Keep up on your work🥳

[@AccountingStuff]

Thanks, great to hear you're finding the channel useful!

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You rock James ! Thanks for all !

[@christineliberty1900]

This is SOOOOO helpful! A million thanks!🤩

[@AccountingStuff]

You're very welcome :)

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Really help! Thanks!

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Outstanding!

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Hey James!!! Your videos ROCK!! ✌🔥😀

[@AccountingStuff]

Thanks Virginia :)

[@omarriaz3187]

So good to see you back buddy. I was just going to comment on a few posts, asking for a comeback but its happened on it's own. Brilliant xD
Hopefully have a lot in store for us now😛
Only way we can pass haha

[@AccountingStuff]

Cheers Omar, I appreciate your support! I have plenty of new videos in the pipeline :)

[@laurenfino6686]

you literally saved my life

[@KA-oi4yf]

Thanks a ton sir! Respect from India🔥🌻

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Great content as always

[@AccountingStuff]

Thanks mate :)

[@Misslabelled1]

You. Are. Awesome. Keep them coming lol

[@AccountingStuff]

Cheers Jayne! Will do :)

[@monikawojciechowska8964]

Hi James 💖
thanks for another great video
🔥🔥

[@AccountingStuff]

Cheers Monika! All the best

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Thank you very much for useful videos

[@marcusc4476]

I just have to say. I genuinely love the fake business names.
"I Want To Hold Your Udder" just took it to another level.
Also fantastic work you are doing to explain these accounting principles!

[@AccountingStuff]

Thanks, great to hear you enjoyed it!

[@phantom4703]

You've got better video quality and content than channels with millions of subscribers - Keep going and you'll be there in no time!

[@AccountingStuff]

Thanks for your kind words :)

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Thanks,It was really needed.🌟

[@AccountingStuff]

No worries, hope you found it useful :)

[@pradhiilshak3537]

Thanks for the stuff I really got an understanding of GL clearly

[@AccountingStuff]

Nice one! Glad it's making sense :)

[@bwritest]

James thanks a lot, tomorrow is my accounting quiz. Here I had a much better time getting my head around it than ever before.

[@AccountingStuff]

How did it go?

[@bwritest]

@@AccountingStuff 14/15😇thanks again

[@AccountingStuff]

@@bwritest Congrats!!!

[@Ivan-qy4lm]

I learnt more with this 10 minute video than in many classes

[@AccountingStuff]

Thanks, I'm glad you found it useful!

[@oybekdavronov5638]

thank you brother making it clear, uni does teach like you, easy plain

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Your video is very helpful!!

[@AccountingStuff]

Thanks!

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Always brilliant man. Thanks

[@AccountingStuff]

Thanks buddy!

[@ranchoraccolto]

finally understanding accounting and English is not even my first language. but it's great that therms and definitions very well explained..

[@AccountingStuff]

Glad it's making sense!

[@idontchaseiattract7546]

Thank you pal....I just was gonna start ledger...❤️❤️❤️

[@AccountingStuff]

Perfect timing :)

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Watching all your videos to prep for an interviews. You’re the man

[@AccountingStuff]

Best of luck in your interviews :)

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@@AccountingStuff it went well and I’ve moved onto phase 2 where I meet with the controller of the company next! I have an accounting degree but been doing more billing more so I will be watching all your videos to refresh my brain!

[@AccountingStuff]

Nice one! Fingers crossed 🤞@@barrygriffies459

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Do you do your own editing? I love how you teach in telling a story and giving realistic examples! 👍🏽👍🏽👍🏽👍🏽👍🏽

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Wowwww Excellent video.Thank you very much.☺️☺️☺️

[@AccountingStuff]

No problem Priya :)

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THANK YOU. MAY THE UNIVERSE BLESS YOU. SUBSCRIBED AS A THANK YOU!

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Excellent Sir!

[@AccountingStuff]

Thanks Saqib!

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these videos have taught me more than my teacher

[@AccountingStuff]

Glad you're finding them helpful :)

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Thanks so much! you are a blessing really

[@AccountingStuff]

Cheers Millar!

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you are the best ever

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You are the best!!!!

[@AccountingStuff]

Cheers :)

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Cool teaching man

[@AccountingStuff]

Thanks!

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Great video, greetings from Poland

[@AccountingStuff]

Thanks Marcin!

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Great videos, thank you so much for sharing.

[@AccountingStuff]

No worries, hope it helped!

[@angelsandoval8762]

Hi there, I am binge watching ur channel and it really helps a lot specially that I am studying Accounting. Can you also do videos on advance accounting like income tax, debentures issuing shares etc.? I hope you caaann btw ur like a great teacher! HAHA LEARNED A LOT FROM THIS CHANNEL ❤️

[@AccountingStuff]

Thanks for your requests! I'll keep those topics in mind for future videos :)

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We appreciate you so much.❤❤❤

[@AccountingStuff]

Thanks, glad you're finding the channel useful :)

[@BobBob-xs1ot]

Hi James - loving the videos. Would love to see you distill Partnership Accounting, A/P, A/R, and Payroll. Keep it up!

[@AccountingStuff]

Thanks for your requests!

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thank you for this :)

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i follow you here in ZAMBIA, SOUTHERN AFRICA