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Bookkeeping for beginners (2025) explained in under a minute, then a complete step-by-step tutorial. This is a 2 hour free course where you’ll learn chart of accounts, categorizing transactions, reconciliations, reports, and software setup so you can start bookkeeping today. Chapters below. 💵 Save 30% off Quickbooks Online for 6 months! https://bit.ly/qbodiscount 👉 [FREE STRATEGY] Save More Money in Taxes: https://schedule.lyfetaxes.com/discov... 🔥 [FREE COURSE] Start or Build a Business https://go.seanstandberry.com/new Timestamps Intro (0:00) Purpose of Accounting and Bookkeeping (2:30) Accounting Methods (5:25) Checklist for Bookkeeping (6:57) Intro to Financial Statements (10:24) DIY vs Outsourcing (12:55) Quickbooks Online Tutorial (13:50) Categorizing Transactions (17:50) How to Do Reconciliation in QBO (24:18) Setting Up Payroll - 1099 vs W-2 (27:50) Types of Small Business Taxes (31:30) How to Pay Business Taxes (37:58) How to Stay Compliant with IRS and State (43:02) IRS Receipt Requirements for Bookkeeping (45:15) What Records to Keep for Tax Deductions (50:35) Small Business Tax Write Offs - 24 hour challenge (56:34) Vehicle Tax Deduction (58:18) Rent (59:55) Business Meals (1:02:04) Income Statements and Balance Sheets Explained by My Wife (1:08:47) What is a Balance Sheet? (1:16:37) Bookkeeping Financial Ratios (1:29:53) Mistake - Too Many Cash Transaction (1:33:07) Making Quarterly Estimated Payment (1:38:14) Mistake - Not Filing Business Taxes (1:42:10) My Management Tax Framework (1:47:47) How to Choose the Right Accountant (1:48:19) What Questions to Ask an Accountant (1:51:12) Bookkeeping and Tax Pricing (1:56:05) This video is a beginner-friendly bookkeeping tutorial that covers everything you need to set up a solid bookkeeping system. Get practical tips on what is bookkeeping, including the basics of bookkeeping, and step-by-step guidance for getting started with quickbooks effectively. This video is perfect for small business owners and anyone interested in accounting for beginners.' Like, Comment, 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).