Business Finance Coach's video: Accounting 101: Reports to Debits Credits CHEAT SHEET: When to Debit or Credit

When to use debits & when to use credits? In order to understand debits & credits, you need to understand the big picture too of accounting and the reports. This videos explains the Income Statement and the Balance Sheet and how Debits & Credits fit in. Plus, I have a secret cheatsheet and process for always knowing when to debit and when to credit accounts! Want the accounting cheatsheet? Let me know below in the comments! Need help organizing or catching up your accounting and taxes? The free business spreadsheet template has a basic accounting worksheet, quarterly taxes and end-of-year tax total worksheet. Get it here: https://www.amandarussell.mba/getthebusinessspreadsheet Other popular videos you may like: 5 Account Types: https://youtu.be/viLsgbiD4-Y The Balance Sheet Explained: https://youtu.be/UXtRoEO9zp0 What is a Holding Company? https://youtu.be/SfGhXDMm5r4 Does the LLC save taxes? https://youtu.be/ZRaAs4Xq_yc Sole Proprietor vs. LLC vs. S-corp: https://youtu.be/tCiv1p0__JI How Businesses are Taxed: https://youtu.be/8qzQop2xPZY 9 Short Steps to Create Your LLC: https://www.youtube.com/playlist?list=PL6RQXhWqnQGEoKnvZXu9Jw84YQmvegmxA