ACCOUNTING BASICS for Beginners (Whole Playlist) - CHART OF ACCOUNTS: Explained in (Almost) 2 Minutes!

👉 Confused by accounting? Download this free cheat sheet: https://accountingstuff.com The Chart of Accounts (COA) is an organized list of every account held in a General Ledger. You can think of it as an index that categorizes a business's financial transactions into different accounts. In this video, I’ll break down what it is, why it matters, and show you how it looks in Service, Retail and Manufacturing businesses with three simple examples. 🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel ⏱️TIMESTAMPS 00:00 - Intro 00:10 - What is the Chart of Accounts? 00:24 - What does a Chart of Accounts look like? 01:19 - Example 1: Service Business 02:27 - Example 2: Retail Business 03:19 - Example 3: Manufacturing Business 04:04 - Why is the Chart of Accounts important? 04:10 - Next Steps 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🔝 CLOUD ACCOUNTING SOFTWARE ▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z ▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa ▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada 🚶FOLLOW ME ON ▪ Instagram → https://www.instagram.com/accountingstuff ▪ TikTok → https://www.tiktok.com/@accounting_stuff ▪ Facebook → https://www.facebook.com/accountingstuff/ ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________ #accounting #accountingbasics #accountingstuff