Bookkeeping for Small Business Owners (2026): Episode 6 - Accounting Cycle, Bookkeeping Cycle (End) скачать в хорошем качестве

Bookkeeping for Small Business Owners (2026): Episode 6 - Accounting Cycle, Bookkeeping Cycle (End)

If you want to learn bookkeeping quickly and effectively, especially if you're a small business owner, then you're in the right place. Website: https://vitalitybookkeeping.net/ 0:00 Introduction 1:04 Accounting Cycle 6:13 Bookkeeping Cycle 17:02 Final Scenario Welcome to Episode 6 of Bookkeeping for Small Business Owners! In this final episode, we’re taking all the concepts from the previous episodes, transactions, journals, ledgers, and financial statements, and putting them together into a full bookkeeping workflow. We start with the Accounting Cycle, an 8-step process accountants use to go from disorganized books to fully updated records. You’ll learn: How to identify transactions from bank and credit card accounts How to record transactions in the General Journal and post to the General Ledger How to create an unadjusted trial balance How adjusting entries, financial statements, and closing the books work Then we move to the Bookkeeping Cycle, which is the workflow you’ll actually use to keep your books in order. The bookkeeping cycle includes: 1. Setting up the books: Connecting accounts, creating a general journal and ledger, setting up a chart of accounts, and customizing for your business 2. Categorizing transactions: Using the transaction feed, applying MAC (Money, Account, Category) principles, and recording dates and descriptions 3. Reconciling accounts: Making sure your books match your bank and credit card statements 4. Creating financial statements: Producing accurate Profit & Loss, Balance Sheet, and Cash Flow statements 5. Closing the books: Zeroing out revenue and expense accounts to retained earnings and preparing for the next period We also walk through a real-life example using QuickBooks Online, showing how a small business owner can set up, categorize, reconcile, create statements, and close their books efficiently. By the end, you’ll have a clear, professional understanding of the complete bookkeeping cycle, and the confidence to apply it to your business or for clients. #bookkeeping #bookkeepingbasics #bookkeepingservices