Accounting Basics with Umair Sayed, Guest Lecture, Let's Learn ERPNext!

This is the very first guest lecture in our Let's Learn ERPNext! Series (new episodes every Wednesday). I am being joined by Umair Sayed, Co-founder, Frappe, who will be taking an interactive approach to teaching us some accounting basics required to use ERPNext better. A new series begins! In this series of livestreams, I will be joined by ERPNext experts who will teach us ERPNext (https://erpnext.com/), a rock solid, 100% open source ERP software. For schedule, past episodes and more, check website: https://buildwithhussain.dev My Setup: https://buildwithhussain.dev/setup/ Articles: https://buildwithhussain.dev/articles Reach Out: Umair's Twitter:   / umairstwt   My Twitter: https://x.com/NagariaHussain Resources: ERPNext: https://erpnext.com Frappe School: https://frappe.school Frappe Framework: https://frappeframework.com About Frappe: https://frappe.io Chapters --- 00:00:00 - Introduction 00:03:10 - Why is accounting important 00:05:15 - History of Accounting 00:11:26 - Why accounting? 00:12:41 - What is Debit and Credit 00:38:21 - Break 00:45:00 - Double entry accounting system 00:47:00 - Accounting masters in ERPNext 00:57:33 - Capital Investment Entry in Journal Entry and reviewing GL Entry 01:02:37 - Reviewing GL Entry 01:05:00 - Security Deposit Entry in Journal Entry 01:16:15 - Buying (Creating Purchase Order, Purchase Receipts and Payment Entry) 01:40:00 - Selling (Creating Sales Order, Delivery Note and Payment Entry) 01:52:40 - Period closing voucher Get 15 days free trial Frappe site (without Credit Card details!) here: https://frappecloud.com/frappe/signup #frappe #erpnext #webdevelopment #markdown