How is an invoice recorded in accounting (Journal entries explained)

Welcome to our YouTube video where we provide an in-depth explanation of how invoices are recorded in accounting. In this comprehensive guide, we will walk you through the entire process, ensuring accurate and precise invoice recording. Discover the step-by-step procedures involved, from reviewing and verifying invoices to creating journal entries and allocating amounts to specific accounts. We will also delve into the approval processes and the final recording of payments. Whether you're a novice in accounting or an experienced professional seeking a refresher, this video offers a detailed overview of invoice recording in accounting - https://youtu.be/wcJ40pn5Hs8