A short video series that covers the basics of control accounts. Part 1 of this series teaches the basics of debits and credits and why control accounts are needed. Part 2 https://youtu.be/gjJDMTw3EhQ Create a bookkeeping spreadsheet using Microsoft Excel http://youtu.be/LlWADbkGdac Support this Channel https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=FHGCUQ8GU9VB6 30 Free Day Trial on KashFlow Accounting Software http://www.kashflow.com/?code=AFF2105084 Free Bookkeeping and Accounting Course https://www.youtube.com/watch?v=IhYJbCAcCKE&feature=c4-overview&list=UUgPrg8qyvKaiED9tvdAIfpQ Facebook: @thebookkeepingmaster Twitter: @BookkeepMaster Learn more at www.freebookkeepingaccounting.com
In the spirit of the Public Accounting humor videos, here is one on Sarbanes-Oxley (SOX) internal control testing.
Background In Manitoba, if you are a licensed establishment and can sell Beer, Liquor and Wine .. you need to account for the purchases in the accounting records. It can be difficult, because most of the time (I believe), the Manitoba Liquor Control Commission (MLCC) holds on to preauthorized blank cheques .. the hotel or establishment just places an order, and a cheque is issued, or automatically debited out of the company’s bank account. There are usually invoices emailed to the business and just packing slips included with the shipments. In Manitoba, Vendors selling Beer have a special price. The [More]