Bookkeeping is the recording of past financial data to make future business decisions. In this tutorial, you’ll learn what bookkeeping is and I’ll show you how to do it for your small business or startup. [Free Training] How To Start a Six-Figure Business with $250 – [Startup Course] Money Smart Startup – ⏱️TIMESTAMPS 00:00 – Intro 00:44 – What is Bookkeeping? 01:34 – Step 1 of the Bookkeeping Process 03:02 – Step 2 of the Bookkeeping Process 04:24 – Step 3 of the Bookkeeping Process 05:21 – Step 4 of the Bookkeeping Process 06:42 – Step 5 of the Bookkeeping Process 12:03 – Step 6 of the Bookkeeping Process 13:36 – Outro Subscribe: Please be sure to give this video a like and subscribe to our channel so you don’t miss out on future videos! /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).


  1. Super solid educational content [yet again!]!! This really helps ensure my systems & processes for this is area of the business are up to par 💯🔥

    Thanks a bunch, LYFE 💪🏼🔥

    – Jared

  2. Hey I just started my business on march I am paying my employees with my llc but what forms do I give I want them to pay their taxes at the end of the year

    1. Hey Angel, congrats on starting the business. Watch this video for a complete walkthrough on paying employees 😁

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