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Download the file used in the video:
https://thefincontroller.com/p/trace_transaction
Videos mentioned
How to Turn a Trial Balance into an Income Statement:
https://youtu.be/8jh1BdC57sA
How to Turn a Trial Balance into an Balance Sheet:
https://youtu.be/ptdbIiVA9oQ
How to create a Cashflow Statement:
https://youtu.be/YSdkZI1tXUQ
Chapters:
00:00 Agenda
01:02 Transaction
01:25 1. Journal Entry
02:17 2. General Ledger
03:36 3. Trial Balance
05:30 4. Income Statement
06:19 5. Balance Sheet
06:58 6. Statement of Cashflow
What we cover in this video:
We begin with a business transaction and we take it through the process of journal entry, general ledger, trial balance, etc.
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