I love this video. Are you making a video separate Account Receivable and Account payable? We shall watch separate video Accounts Receivable and Account payable.
I'm always confused by accounts payable and accounts receivable but you explain it so easy and clearly, and you made me realize the easy way to remember it is in the name (receive/pay) 🤣🤣
So basically when a debtor send and account receivable! So in turn the Statement of account or draft is account receivable? So how do you credit the account?
Debit accounts payable. (But in the real world, you'd typically be debiting your loan, credit card liability, etc. because A/P is typically for bills. "Debt" is more often associated with actual loans.)
Thanks for watching! What other accounting terms have you scratching your head?
These terms: equity, and "on credit"
Good ones!
@@AcuityEcommerce definitions?
Thank you for making this simple. It's not that complicated, but sometimes the language makes it feel complicated. Thanks again!
Glad it was helpful!
You are the bomb! Straight to the point and didn't complicate the lesson.
Thank you!
I love this video. Are you making a video separate Account Receivable and Account payable? We shall watch separate video Accounts Receivable and Account payable.
We're always open to ideas!
When your video hit 1:47 my mind was blown lol. Thank you!!!
You're welcome!
I'm always confused by accounts payable and accounts receivable but you explain it so easy and clearly, and you made me realize the easy way to remember it is in the name (receive/pay) 🤣🤣
Absolutely! Great trick. :) And I"m glad this helped.
Muito obrigado... o conteúdo foi útil para mim...
Luanda - Angola
Que bom que foi útil!
Thank you very much for the lesson. It was extremely helpful
You're welcome!
Thank you for making this! Trying to quickly learn the lingo after a confusing meeting today and this was helpful!
Glad it was helpful!
Just the answers and explaination I needed :-)
Thank you
Glad it helped!
This is good! I liked how u incorporate storytelling with the concepts.
Thank you! I appreciate your feedback! :)
This is great, really simple to understand thx. 😊
Glad it was helpful!
Thank you so much! Very simple and explained well.
Glad it was helpful!
Very very very helpful! Thank you so much!
Glad it was helpful!
I'd love to work for you, so that I can learn from you. I absolutely love the way you teach!
Wow, thank you!
thanks for this video its well explanatory
Glad it was helpful!
Thank you !! It was a splendid explanation ♥️
Glad it was helpful!
What i cannot understand at school i unferstood it here ...
That's great! Happy to help.
Good way to explain to clients!
Cheryl Finfrock Thanks!
Very straight forward. Thank you!
You're welcome!
I've aways had trouble understanding the difference between these two but this was super helpful! Thank you so much!
Happy to help!
well explained, thank you
Glad it was helpful!
Nice EXPLAIN ...Thank you.
You're welcome. :)
So basically when a debtor send and account receivable! So in turn the Statement of account or draft is account receivable? So how do you credit the account?
If you have a debit balance in Accounts Receivable, it gets reduced when your customer pays you!
Debit Cash (or checking, etc.), and credit A/R. :)
Thank you so so so much
You're welcome!
Absolutely awesome 👏
Thank you very much!
This is awesome! Thank you. Can you do a video on working capital?
We've been on a hiatus, but we're planning of kicking this off again soon. I'll add your request to the list. :)
Great teacher 👍
Aww... thank you!
Yes, it helps, thank you
You're very welcome!
tysm
yw
Ok now this is how you simplify things
I'm glad you found this helpful.
Do you buy Judgments in any state. Won judgement in Small Claims Court.
Nope. Don't know anything about that.
This is a good video. Would an Aasociate's degree be helpful if one wants to learn accounts payable?
I don't think it's necessary, but education is never a waste, in my opinion.
Thank u
You're welcome
👍
2:23 if paid my debt, do i credit or debit my account payable?
Debit accounts payable.
(But in the real world, you'd typically be debiting your loan, credit card liability, etc. because A/P is typically for bills. "Debt" is more often associated with actual loans.)
Can you keep making videos
I'm considering coming back. What videos would you like to see?
How to offset between receiveables and payble