Intro to Finance and Accounting, Part 3: General Ledger Exercises
Walk through the general ledger entries Rhythm creates for invoices, payments, refunds, credits, and balances written off.
Applies the earlier parts with worked examples. For each common transaction you see the accounts involved and which side is debited or credited, such as accounts receivable and membership revenue.
What This Video Covers
- Reading a GL Transaction
- GL Codes
- Invoice Entries
- Payment Entries
- Refund Entries
- Credits
- Write-Offs