Accounting for Beginners: Finance Basics in 35 Minutes

In this lesson, you will discover what a Chart of Accounts is and why it is the foundation of any accounting system.

You will learn:

• What exactly a Chart of Accounts is

• The five main categories of accounts (Assets, Liabilities, Equity, Income, Expenses)

• How to understand account names and codes

• The importance of a well-organized Chart of Accounts

By the end of this video, you will clearly understand how businesses structure their accounts and prepare for accurate financial recording.

This lesson explains one of the most important concepts in accounting — Debits and Credits.

You will learn:

• What debits and credits really mean

• How the double-entry bookkeeping system works

• Which accounts increase with debit and which with credit

• A simple trick to remember debit & credit rules

• How to create basic journal entries

By the end of this short lesson, you will feel confident understanding how every financial transaction is recorded using debits and credits.

In this lesson, you will learn how to properly account for Assets — one of the most important parts of any business.

You will discover:

• What are Assets and their main types (Current vs Non-Current)

• How to record purchases of assets

• Understanding depreciation and its importance

• Practical examples of asset accounting

By the end of this video, you will know how to manage and record your business assets correctly.

This lesson covers Equity and Liabilities — the other side of the Balance Sheet.

You will learn:

• The difference between Liabilities and Equity

• Main types of liabilities (short-term and long-term)

• What Owner’s Equity really means

• How Liabilities and Equity affect your business

By the end, you will clearly understand how a company’s funding sources are recorded in accounting.

In this practical lesson, you will learn the basics of Payroll Accounting.

You will discover:

• How to record employee salaries and wages

• Accounting for taxes and social contributions

• Payroll journal entries

• Common payroll mistakes to avoid

Perfect for small business owners who want to manage payroll correctly and legally.

This lesson focuses on Income and Expense accounting — the core of the Profit & Loss statement.

You will learn:

• How to correctly record revenue and income

• Different types of business expenses

• The matching principle in accounting

• How to calculate gross and net profit

By the end of this video, you will understand how to track your business profitability accurately.

Learn the critical difference between profit and cash in this lesson about Cash Flow Accounting.

You will cover:

• Why cash flow is more important than many people think

• How to record payments and receipts

• Managing accounts receivable and payable

• Basic cash flow management tips

This lesson helps you avoid common cash problems in business.

In this important lesson, you will learn how to read and understand the three main Financial Statements.

You will discover:

• Balance Sheet

• Income Statement (Profit & Loss)

• Cash Flow Statement

You will learn what each statement shows and how they are all connected. Essential knowledge for every business owner.

This final lesson introduces the most common Types of Taxes every business should know.

You will learn:

• Main types of taxes (VAT, Income Tax, Social Security, etc.)

• Basic tax obligations for small businesses

• How taxes affect your accounting

• Important tax terms explained simply

Great introduction to tax awareness for beginners.