What is accounting?

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What is Accounting? Alex Acree Product Development at Aplos Software

Transcript of What is accounting?

Page 1: What is accounting?

What is Accounting?

Alex Acree Product Development at Aplos Software

Page 2: What is accounting?

WhatisAccoun-ng?

Simplyput…it’skeepingtrackofallyourSTUFF.

Page 3: What is accounting?

“Stuff”isdefinedastheseprimaryareas

ThingsYouOwn

MoneyYouOwe

MoneyYouReceive

MoneyYouSpend

YourOverallWorth

Page 4: What is accounting?

YouActuallyuseAccoun-ngonaDailyBasis

Here’show:

• You’vegotmoneyinyourbankaccount.• Andthenyougetapaycheckwhichgivesyoumoremoney.• Youpayyourbills.• You’vegotdebt.

ThisisyourOVERALLWORTH!

Page 5: What is accounting?

KeepingTrackofYourStuffwithAccounts

Inanaccoun,ngsystem,thosefivethingshavedifferentnames: ThingsYouOwn=Assets

MoneyYouOwe=Liability

MoneyYouReceive=Income

MoneyYouSpend=Expenses

YourOverallWorth=Equity

Page 6: What is accounting?

WhendoIuseaccounts/accoun-ng?

Accountsarecreatedandusedinanaccoun-ngsystem.

Butaccoun-ngisactuallysomethingyouuseonadailybasis.Let’slookatanexample…

Page 7: What is accounting?

WhendoIuseaccounts/accoun-ng?

Page 8: What is accounting?

AboutAplos

"NonprofitsallacrossthecountryarepraisingthesoZware'seaseofuse,reasonableprice,andgreatcustomerservice."-NPTechNews

We’rethe#1solu,oninonlinedonormanagementsoAwarefornonprofits.

Fundraisingisimportant,butyouprobablywishyoudidn'thavetospendsomuchofyourvaluable-meraisingmoney.Aplos'all-in-onesolu-onhelpsyouraisemoney,trackgiving,andensureyourdonorshaveaposi-veexperiencewithyourorganiza-on.

Visitaplos.comformoreinforma-on.

https://www.aplos.com/

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