A Day In The Life of An Accountant!

3 роки тому

This video showcases my tasks as an accountant. I walk through my daily, monthly and seasonal tasks. These are things such as accounts payable, receivables and collections, payroll, generating financial statements and much more. If you are trying to decide whether accounting is for you, I highly recommend it.
Free Download of My Balance Sheet Metrics Cheat Sheet:
thefincontroller.com/p/the-fi...
Get 30% off ($17) MY ONLINE COURSE ON FINANCIAL METRICS 📈
thefincontroller.com/p/learn-...
Use Coupon Code: FC30OFF
ENJOY 2 FREE MONTHS OF SKILLSHARE
📚www.skillshare.com/r/profile/...
Hang Out with me on social media:
JOIN MY FACEBOOK GROUP HERE:
🙋🏼‍♂️ groups/78073...
FOLLOW ME ON INSTAGRAM:
📸 / the_financial_controller

КОМЕНТАРІ: 128

@lealca87 3 роки тому

I have seen many videos of "day in the life" and this is the only one that actually explains what an accountant does.. as always, excellent content, great channel and high quality detailed explanations.

@TheFinancialController 3 роки тому

Thanks Leo!

@cipher3966 2 роки тому

@@TheFinancialController Yes, thank you. Not once did we see you put on make up, eat lunch or take a dog for a walk like all the other "Day in the Life of" videos.

@ryderwashington4199 2 роки тому

Totally agree, literally every other day in the life of is eating, shower... 5 min talk about work, then the rest. Like bruh I do that LMAO. @The Financial Controller, definitely one of the most competent finance professionals I've encountered in my life. Definitely subbed and love your videos on Enron

@messiahscent Рік тому

ukposts.info/have/v-deo/h6loq4eDo6F_knU.html

@candyluna2929 4 місяці тому

Yup! Not a stupid thing like making their coffee and recommending products. That's not what I click for.

@sxrpmoon5456 2 роки тому

this vid is straight to the point...sharp, concise and informative

@obecox939 11 місяців тому

I appreciate all of my accountants since they are the ones doing all the work. Hard work always pays off. I am now a CFO and it is more exciting to be more involved with the CEO about future projects.

@amrutadesai970 Рік тому

I really like your videos. It just gives me more knowledge and confidence about the accounting tasks I carry out as a Senior Accountant. Also, the last part that you talked about the tasks that you dislike are Taxes and Audit. I feel the same about taxes. Thanks for this video!

@danielleelizabeth9417 Рік тому

Love your channel, getting my accounting degree right now. Very well done!!

@MehediHasan-hk9mk 2 роки тому

What a lovely presentation Mr. Bill. I became your big fan. ❤️

@ramizabdulahad8419 2 роки тому

Thank you. Doesn't sound as boring as people think!

@samiabdullah5437 3 роки тому

A great reoresentation of what accounting in real life is about. I liked it very much. Thank you.

@TheFinancialController 3 роки тому

Glad you liked it!

@mjpelingon5628 2 роки тому

Glad I found this channel. I'm learning a lot from you. Thank you.

@TheFinancialController 2 роки тому

Thanks MJ

@maivang6488 3 роки тому

You have very good contents. Keep up the good work. I enjoy learning when it comes to my profession and you make it easy to understand.

@TheFinancialController 3 роки тому

Thanks Mai! Keep growing:)

@DreamFirms Рік тому

I just discovered this channel and am amazed at the content quality.

@siddiquiouch9601 2 роки тому

Hi sir your videos are amazing...thank you so much for all your tutorials

@pettergood6029 10 місяців тому

you are the life saver of my monthly closing balance. Thank you

@paz2829 2 роки тому

Thank you for this great video. You have the gift of explaining in detail all the topics you manage in your videos. :)

@TheFinancialController 2 роки тому

Thanks Ana

@chasecollins3339 Рік тому

I’m trying to get a job and this is exactly the type of video I was looking for. Thank you.

@poonamcreation9265 2 роки тому

Thanks for the video it was awesome and esliye to understand everything once again thanks and Namaste 🙏

@AnnihStacey Рік тому

This is the most relevant video on this topic. Thank you Sir.

@nehedbouchritsafi992 Рік тому

Thank you for this explanation,it's very detailed and super interesting

@teejay6063 Рік тому

Ahh, so that's what accountants do. Thanks, dude. I certainly feel comfortable working with a lot of that, and I'm only a sophomore in school. Thanks. Very descriptive.

@Vera-mw6uh 2 роки тому

I love your videos. They are very informative. Thank you.

@TheFinancialController 2 роки тому

Thanks 🙏

@breannacrockett3412 Рік тому

This video was very insightful! Thanks so much!

@jessicapurple3737 3 роки тому

Thanks for the video! You’re making me want to study accounting!

@TheFinancialController 3 роки тому

That’s great Jessica

@user-xd4pn9jz1i Рік тому

Did you ever get into accounting?

@arslantahir1708 2 роки тому

watched this video a dozen of times as it motivates me, this video summarizes the daily chores of an accountant, yes you will need a lot of coffee if you are going for accounting !!!

@TheFinancialController 2 роки тому

haha thanks Arslan!

@chanmyaethinzarkyaw3959 Рік тому

Thank u sir…U become great mentor for me on UKposts!

@laurajaime9358 3 роки тому

I'm an accountant, I enjoy youtube videos. When I practice my English I like your explanations about accounting topics.

@TheFinancialController 3 роки тому

Thanks Laura!

@le4theflea 2 роки тому

I do all tasks that you mentioned except the financial control and analysis parts which are currently done by FP&A team. Besides this, I do also a bit of VAT return and Transfer Pricing documentation. I do wish to be involved more in finance analysis comparing actual and budget in the future. Great video in every aspect of accountant's life 👍

@TheFinancialController 2 роки тому

Thanks Lea

@gmwng 2 місяці тому

Good video. Informative and concise.

@hannah071094 3 роки тому

I like your honesty about not liking tax because you don’t feel confident in it. Very relatable!

@TheFinancialController 3 роки тому

Haha yeah leaving that to the experts for sure

@honeyehazm Рік тому

You're amazing, I am currently a staff accountant and thinking about growing my career and having a side UKposts channel, inspiring!! :)

@tw2800 Рік тому

Will you please consider making a video on the career path you would recommend for those students who want to gain practical education and work experience to ultimately prepare themselves for starting and growing their own firm? I would really appreciate this kind of video since most accounting videos focus on becoming the best employee wo discussing a strategy for developing an end goal of preparing oneself to become self employed. Thankyou!

@mik7652 Рік тому

Great video. As an accountant myself, I can tell you I hate the audit season

@MuhammadNuman-nq3so Рік тому

While I would say, I am amazed by your work. I am looking forward to learning more and advice your video to my friends. I have only one question which is about, what advice you would give someone who is doing account to determine whether this career would be good or not

@ricardorigual87 Рік тому

Outstanding material keep it going

@2409prince 2 роки тому

Hi Bill, You are doing a great job. Just wondering if you have made a video on Forecast vs. Budget. If not, would appreciate one on different aspects of Forecast vs. Budget. Thank you!

@TheFinancialController 2 роки тому

Great suggestion!

@harikrishnagupta284 3 роки тому

Excellent lesson, thank you

@TheFinancialController 3 роки тому

You are welcome!

@martm216 Рік тому

Good video - liked your honesty about the days you find it difficult to get up!

@TheFinancialController Рік тому

Glad you enjoyed it

@emmanuelhabte4491 Рік тому

Fantastic presentation…!

@nerdmommy7114 5 місяців тому

Thank you for this video! I want to go back to school, considering accounting. This is a very informative video

@TheFinancialController 5 місяців тому

Glad it was helpful!

@malamofficial7558 6 місяців тому

Thank you for sharing ❤❤❤❤

@bisolaolojo5925 3 роки тому

Thank you for sharing

@TheFinancialController 3 роки тому

You are welcome 🙏

@danielcarrasco300 2 роки тому

Great! Thanks. I suscribe 😁

@nethravathi.cchannappa4587 3 роки тому

Great video to enhance knowledge

@TheFinancialController 3 роки тому

Thanks for watching

@akgvvgulflotelugu1441 2 роки тому

NICE VIDEO SIR,THANK YOU

@markphelan7437 2 роки тому

Very informative video. I'm currently doing an Accounts Technician course and this really pulls it all together. I got a lot out if it 👍 Thanks

@xf4628 2 роки тому

very useful information. Thank you

@TheFinancialController 2 роки тому

Thanks!

@MalkiaNawal 5 місяців тому

You are the best

@elideaquino8004 2 роки тому

Hello! I’m a second grade bilingual teacher. I’m planning on enrolling for my master in science for accounting since the are providing opportunities for non trad students to apply who don’t have accounting as a bachelor. This has given so much insight and information and completely encourages me to continue with the process! Thank you!

@TheFinancialController 2 роки тому

Best of luck!

@marvelouss719 2 роки тому

Elide, No disrespect, but you should pursue something else. People like you reduce the credibility of the accounting profession. There are accountants who have studied accounting on a bachelor level and struggle daily with debits and credits. Now, you want to get an MS in accounting with no background in accounting.. Good luck with that.

@mrfoshobroful 2 роки тому

@@marvelouss719 How many accounting courses have you taken as an undergraduate with a Bachelors in Accounting - do you remember?

@marvelouss719 2 роки тому

@@mrfoshobroful I have 36 undergraduate hours and 9 graduate--15 courses. I took upper level electives.

@dramamamaof2 2 роки тому

@@marvelouss719 tell that to University of North Dakota that offers a Master's in Accountancy for non-accounting bachelor's degrees.

@emmanuelhabte4491 Рік тому

Bravo 👏

@samhuber6826 3 роки тому

very well said (and interesting), i was wondering how much times did it take to you to start to be relevant in your kpi/ financial statement analysis? did you study how to do that with books or is it coming with practice?

@TheFinancialController 3 роки тому

Mostly practice, and some of it researching online (google) plus watching a couple of online courses such as the one mentioned in 9:50 in video.

@ad70f 3 роки тому

Thanks for sharing Is the Fica,Futa and Suta one of the seasonal cycle tasks ? In an accounting assistant Position first day can you ask to review the balance sheet or have access to the financial stmts? Your explanation is captivating.

@TheFinancialController 3 роки тому

Fica, suta, etc these are part of payroll taxes that we report twice a month. They are relatively easy because most payroll services (ADP for example) handles it automatically. Reviewing balance sheet or any statement is an advanced function and only when you are more senior typically 5-6 years into the career.

@ad70f 3 роки тому

Thanks!

@-hearts_zad8764 3 роки тому

Kindly sir, could u post a video explaining the Accrual concept ?

@TheFinancialController 3 роки тому

Ok will do :)

@prasadnilugal4691 Рік тому

Nice video Sir , very useful

@NOOBY9 3 роки тому

I'm going to graduate from a master of accountancy program(online), but I have zero knowledge of what accountants really do on a daily basis. Your videos are really helpful and useful! Thanks for covering the great topics.

@TheFinancialController 3 роки тому

Best of luck jade

@hellspores22 2 роки тому

Currently in my second year of accounting and finance bachelor's degree. Can't lie, I find this quite exciting and interesting. Some people might call me boring or morbid because of this lol

@TheFinancialController 2 роки тому

Haha great!

@ebony203 2 роки тому

Hello Arbaz, I am a freshman in college thinking of switching from nursing to accounting. Is it true that I have to be a math wiz in order for me to pass accounting class?I like working with numbers and finding solutions its just that some teachers dont teach the way i would want them to teach me.

@hellspores22 2 роки тому

@@ebony203 not at all. it's literally just plus, minus, division and multiplication. most of it is about logical reasoning and learning a lot of accounting rules to. honestly anyone can do it if you have the discipline to study a lot!

@shaileshmodi827 3 роки тому

Can u please make a video on month-end entries activities in Record to Report domain or Please make a complete video on Record to report. Thank u

@TheFinancialController 3 роки тому

Sure will do

@alfiyaasmi9664 3 роки тому

Very useful video 👍🏻

@TheFinancialController 3 роки тому

Thanks Alfiya

@durrellharley2497 3 роки тому

Hi Bill, I am new to accounting and can you explain the process of the month end close?

@TheFinancialController 3 роки тому

Sure will make a video on financial month close.

@hernandezjale 10 місяців тому

I work as an accounts payable specialist but wanted to move into a bugger role with higher pay and thought about getting my masters in accounting. Not sure if it's the best choice

@appiusamunsiimire8787 Рік тому

i would like to ask you a questionon how i can do an entry of debtors and creditors while using kpi accounting software

@luyaoren3120 9 місяців тому

curious about how many hours a week an account works on average

@SHINeeKeyofLucifer 2 роки тому

Great video! Do you have one for Big 4 Audit?

@TheFinancialController 2 роки тому

Soon

@melindaelextra7648 3 роки тому

Do you recommend taking a major in accounting and a minor in CS? is CS useful in the accountant career? Thank you so much for the video.

@TheFinancialController 3 роки тому

Yes CS is helpful for accounting major

@melindaelextra7648 3 роки тому

@@TheFinancialController Thanks for replying!

@rudra109 Рік тому

If someone working in US LLC as an Accountant, can he understand how its tax returns are going to prepared? (Assuming he/she pursuing business taxation)

@JakBarker 2 роки тому

I’m going to college for my accounting degree

@jasonhoward279 10 місяців тому

Did you get a bachelors or were you still able to accomplish what you have with an associates degree?

@user-bh2jy3fc5h 6 місяців тому

How many hrs of work in a day , month n season ? In a life of cpa

@abdelhadiredouane4973 3 роки тому

Please my teacher I need your help I study in university finance and accounting it's my second year ( bachelor) the problem is my studies are in Arabic . I'm from Algeria by the way I'm really interested to change them in English at home. What you can suggest to me please? Reading books . Online courses. . .. . ? What's the best solution

@TheFinancialController 3 роки тому

I wouldn’t recommend books, simply because UKposts alone is filled with the equivalent of volumes of books and in a visual manner. Be sure to search for the topics you study in school on UKposts and organize the videos in playlists for easy learning. Secondly I would recommend practical experience. During my last 2 years in college I worked as an accountant at a local cpa firm. Best of luck

@abdelhadiredouane4973 3 роки тому

@@TheFinancialController Thanks my teacher ❤

@missyuuuuu868 2 роки тому

This is our everyday duty.. hehe

@TheFinancialController 2 роки тому

Lol

@samianasir5871 3 роки тому

Sir i have commented first time and hope so u will reply took....actually i m persuing masters in accouting and finance basically MSC A&F.....and now its 3rd semester and we have to chose between accounting or finance as a specialization ...what would u suggest i should chose .....i am not sure that will be able to do any professional certificates like ACCA, CPA ,OR CA or not coz soon i m going to get married but also i wantt to secure my career.....so can u suggest whats in demand and wht should i do along side to make my future more secure

@TheFinancialController 3 роки тому

Choose accounting if you plan on getting certified. Chose finance if you don’t. Because in accounting you won’t get very far without a license. My recommendation thou is Accounting and getting certified. I did it while married and 2 kids :)

@samianasir5871 3 роки тому

@@TheFinancialController thank you sir for your reply and time....actually being a girl and from asian country getting certified after marriage is risky kind of 50 50....so if i get into finance and later on get certified is it will be possible ....??

@samianasir5871 3 роки тому

@@TheFinancialController actually my university offers me exmeptions in Acca , cima uk , ca uk and ca pak 8 to 13 pprz.....inspite of whatever i chose whether it be accounting or finance.....if i would be able to pursue any of these i will surely....but if i wont so for that time i m confused wht to chose

@TheFinancialController 3 роки тому

samia nasir there is more security in accounting jobs than finance. I am a firm believer in accounting as a solid skill/trade more than finance

@samianasir5871 Рік тому

@@TheFinancialController thankyou sir for guiding me at that time , today I am doin professional exams of ACCA , and after this I am planning to pursue ICAEW , what do you suggest should I pursue after ACCA as this fields has many competitions at the moment in job sector

@teejay6063 Рік тому

Accounts payable goes on the income statement?

@jennabetters Рік тому

Accounts Payable is a balance sheet account. It’s generated when businesses are on the “accrual” basis (as opposed to the “cash” basis). Basically you “say” you incurred an expense but haven’t actually paid the cash yet. So example, you get a utilities bill for May, and you want to close out May’s month. Utilities expense goes to the income statement for May, and the “other side” of it, is the corresponding Accounts Payable on the balance sheet.

@jennabetters Рік тому

Part 2: Now it’s first week of June and you want to actually send the cash to the utilities company to settle the bill. Since you already recorded the expense in May, you don’t record the expense AGAIN. Instead, you just send the cash and DECREASE the Accounts Payable for the same amount. So overall, accrual basis accounting shows up as a two-step process.

@CourtneyRavenelle Рік тому

so this seems like its daily organizing

@christiancartagena93 2 роки тому

How is the work-life balance ?

@TheFinancialController 2 роки тому

Pretty decent actually

@christiancartagena93 2 роки тому

@@TheFinancialController is a MBA in Accounting better then a Masters in Accounting ? I feel like it gives you a more well rounded understanding of the business aspects instead of just 1 area and can get the same job as the accountant. I was thinking of getting MBA Accounting and obtaining the CPA. Im just confused on why people get masters in accounting if the mba accounting can do the same thing and more ???