Accountants
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Selecting the best accountant for your business can mean the difference between success, mediocre performance, and even failure. Since the numbers "behind" your business are an important tool in setting the right path for your future, Understanding those numbers can make or break your business.
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You want an accountant who offers more than crunched numbers. Your accountant will develop a detailed knowledge of you, your business and your numbers. Always remember, once you've chosen an accountant, it can be time consuming and costly to make a change.
Today's business and personal Accountants offer more than crunched numbers. Call Accountants in Loveland today and we will be glad to sit down with you for a free evaluation of your accounting and planning needs. We are experienced Accountants serving the Loveland Colorado and surrounding area.
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![Accounting 1: Program #2 - \"Basic Accounting Concepts\"](http://i.ytimg.com/vi/IL_egHqaU3s/2.jpg "Accounting 1: Program #2 - \\"Basic Accounting Concepts\\"")
Latest comments made on this video:
By: AccountingTutor. on 08 May 12, 20:53:51
"Equity" simply refers to ownership interest. Any? number of people may have ownership interest in an asset or a group of assets.
By: amwin67. on 08 May 12, 20:02:22
so equity is when two? people own one item???
By: parzrelmuzik. on 08 May 12, 14:57:45
briliant?
By: rudi tham. on 02 May 12, 04:58:31
thanks for this! keep it? up!
By: moxoloxom. on 22 Mar 12, 12:56:40
i have dropped out the faculty of economics just because of accounting lessons; i was really good at math for economics but this thing... is... something different, i think this is not boring, really a very important science, but why is this so hard? @WarfareDubstep is kind of right,? maybe in my country this is so hard and so many things to learn it has its own special "jargon" and it is in a language we dont use in real life, God! how i wish i could understand and specialize in accounting;
By: Rsva08. on 13 Mar 12, 23:41:03
thank you very much! this helps me love accounting b/c of the way you? explain it.
By: oliverlozos. on 12 Mar 12, 00:56:28
This video is very imformative. Well? done!
By: AccountingTutor. on 07 Mar 12, 12:02:26
You can't have two businesses in one QuickBooks file. You'll? have to set up a separate company in QuickBooks. As I said earlier, there are 3 entities here - the two businesses and the owner. Each has a separate accounting system and separate accounts.
By: araceli4lsd. on 06 Mar 12, 23:59:58
What's making it so difficult for me to figure it out is the fact that if I add another account for the 2nd company to my chart of accounts on QB the expenses for both companies will get mixed up. I am trying to keep everything separate. Is it possible / does? it make sense to just create a "transfers" account to record this transactions as transfers and nothing else.
By: AccountingTutor. on 06 Mar 12, 23:18:46
There would be three separate sets of accounting? records - one for each entity. The "earning" company would reduce cash assets and then either record a receivable from the other company (if the cash represented a loan to the other company) or reduce owner equity (if the owner withdrew the cash and deposited it in the other company). The losing company would increase cash and either record a liability payable to the first company or record an increase in owner's equity.
By: araceli4lsd. on 06 Mar 12, 22:41:46
how would you record bank transfers between two companies (llc) - same owner and a personal bank account. One company is earning while the other one isn't. To keep the 2nd company going, money is transferred from company 1 to company 2 and also to a personal account? too.
By: imercenary4321. on 20 Feb 12, 20:58:03
If you can't recognize the importance of learning basic accounting, you shouldn't even think about going into the business field at? all. International Business is even worse since lax enforcement means you don't even know if the record keeping is accurate.
By: SongsByKristen. on 12 Feb 12, 19:47:02
Great video. Nice introduction to Accounting. Very helpful.?
By: hydraman241. on 11 Feb 12, 21:11:47
@AccountingTutor, I laughed out so loud when I read your comments. Sorry, I was not laughing at you for your frustration or predicament. I laughed because I share your? feelings and you expressed it so succinctly. I am an accountant. I had to learn what I considered to be totally irrelevant subjects in addition to the already difficult subject of accounting to become an accountant. I was as frustrated as you are now. I totally understand you. Take it easy.You'll be Ok.
By: TheWiseYoung. on 11 Feb 12, 17:15:20
This is all necessary in business. A good analogy would be like "I wanna learn calculus why? do I need to learn algebra" This is step one, and stuff that is needed to know
By: Overfiend002. on 06 Feb 12, 03:23:04
Simple. If you're studying business with the intention to become a manager, you'll fall flat on your arse in management if you don't know accounting principles. If you want someone to blame for the development of? the subject, blame Luca Pacioli
By: kinhtesat. on 03 Feb 12, 05:39:52
.thank you so much for providing us with many useful lectures. I am? a student at Academy of Finance in Vietnam. my major is auditing. and really, i want to spend a speacial gratitude to you.
By: AccountingTutor. on 28 Jan 12, 12:36:43
I think you'll need to accept the fact that accounting info is relevant to all types of business management decisions, no matter what type of organization (profit, non-profit, governmental). There's no avoiding it. Note that this is one video in the series, which covers the introductory course's? major topics. Hope they help!
By: WarfareDubstep. on 27 Jan 12, 16:32:43
HAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!?
By: WarfareDubstep. on 27 Jan 12, 16:31:35
This is a boring, difficult and fucked up subject, I seriously don't know why this is an obligatory credential for International Business. I want to get an undergraduate in BUSINESS, not accounting. Whoever actually came up with all of? this shit including the terminologies and functional procedures should be burned inside an oven, indefinitely. Video made things a little clearer, but there's so much we have to learn and this is just scratching the surface.
By: randamwalking. on 21 Jan 12, 04:59:53
Thanks.And while I'm at it,I'd like to explain the activities of accounants.Accountants engage in a wide variety activities,which includes preparing financial statements such as income statements,balance sheets? and cash flow statements.Accountants are required to determine a company's profit and loss balance,and to audit the company's books at the end of the year.Some accountants are also required to keep track of a company's inventory.
By: RastaTurtle1. on 20 Jan 12, 06:16:44
Thanks Alot?
By: flany1960. on 11 Jan 12, 19:57:02
Thank you for this video and I wish you health and wellness, as well as you can get discounts for organic products International DXN number : 1420-31106 or? join my group
By: AZULAPRO. on 04 Jan 12, 04:37:50
agreed?