Debit, Credit, Done!

Dean Quartermaine
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Whether you're knee-deep in workbooks or cramming for your synoptic, Debit, Credit, Done! is your go-to podcast for making sense of the numbers behind the theory. Hosted by experienced AAT tutors and industry experts, we break down complex topics, tackle real-world scenarios, and share practical tips to help you pass your AAT exams and thrive in your accounting career. Each episode features bite-sized lessons, revision hacks, guest interviews, and relatable insights designed for AAT Level 2, 3, and 4 students. We’ll help you master everything from double-entry to ethics, budgeting to business

  1. JAN 4 · BONUS

    Community First: Shaping Content with Your Feedback

    In this episode of "Debit Credit Done," Dean Quartermaine reflects on the journey of content creation over the past months and shares exciting plans for 2026. Join Dean as he discusses the importance of balancing work, life, and content creation, and how community feedback shapes the content he produces. Whether you're an AAT student or a content creator, this episode offers valuable insights and encouragement to pursue your goals. Tune in to discover how you can be part of a supportive community and share your own aspirations for the year ahead.

    5 min

  2. 11/10/2025 · BONUS

    AAT Connect: Inspiring Journeys and AAT Impact Awards

    Join Dean Quartermaine in this special episode of Debit Credit Done as he shares insights from the AAT Connect and Impact Awards 2025 in London. Discover the inspiring stories of industry leaders, the transformative power of AAT, and the importance of financial literacy in education. Dean reflects on his own journey, the impact of collaboration over competition, and the profound sense of belonging within the AAT community. Tune in for a heartfelt exploration of passion, purpose, and the future of accounting.

    23 min

  3. 09/30/2025

    Series 2, Episode 9: Suspense Accounts & Error Correction

    In this episode of Debit, Credit, Done! we dive deep into the theory of suspense accounts and error correction for AAT Level 3 Financial Accounting: Preparing Financial Statements. We cover: Why suspense accounts are created The difference between errors that affect the trial balance and those that don’t The two-step process for correcting errors Why suspense must always be cleared to nil The most common AAT exam pitfalls Unlike previous episodes, this one is all about concepts and theory — no worked examples, just the core principles you need to understand for exams and real-world practice. 🎙️ Perfect for revision, refreshing your knowledge, and building exam confidence.

    11 min

  4. 09/04/2025

    Series 2, Episode 8 – Control Accounts: Receivables & Payables

    In this episode of Debit, Credit, Done! we break down Control Accounts, focusing on the Receivables Ledger Control Account (RLCA) and the Payables Ledger Control Account (PLCA). We’ll cover: What control accounts are and why they’re important The structure of RLCA and PLCA Worked examples with credit sales, discounts, payments, and irrecoverable debts How to reconcile RLCA and PLCA with the lists of balances AAT exam tips to avoid the most common errors By the end, you’ll understand how control accounts act as a vital internal check and how to approach them in your AAT Level 3 exam. #AAT #Accounting #DebitCreditDone #ControlAccounts #RLCA #PLCA #AATLevel3

    21 min

  5. 08/31/2025

    Series 2, Episode 7 – Combining Depreciation & Disposal Adjustments

    Thanks for bearing with me — after a short delay, we’re back! In this episode of Debit, Credit, Done! we’re combining two key AAT Level 3 topics: depreciation and disposals. We’ll cover: A clear, 5-step method for handling disposal questions Worked example: straight-line depreciation with £9,500 cash sale How to record trade-ins with part-exchange proceeds Posting depreciation, disposal, and profit/loss entries correctly AAT exam tips to avoid common pitfalls and secure method marks By the end of this episode, you’ll be able to confidently tackle multi-step disposal questions that bring depreciation and disposals together. #AAT #Accounting #DebitCreditDone #Depreciation #Disposals #AATLevel3 #AccountingPodcast

    19 min

  6. 08/21/2025

    Series 2, Episode 6 - Inventory Valuation – FIFO, AVCO & IAS 2

    In this episode of Debit, Credit, Done! we’re tackling inventory valuation — a key area of the AAT Level 3 Financial Accounting: Preparing Financial Statements module. We’ll cover: Why accurate inventory valuation matters for profit and assets IAS 2 rules: lower of cost and net realisable value (NRV) FIFO (First-In, First-Out) explained with examples AVCO (Average Cost) worked through step by step How to apply NRV adjustments when values fall A full worked example combining purchases, sales, and NRV You’ll also get AAT exam tips on spotting NRV adjustments, showing full workings, and avoiding common traps. 🎙 Challenge: Try the FIFO example at the end of the episode to check your understanding before Monday’s release!

    23 min

  7. 08/18/2025

    Series 2, Episode 5 - Adjustments: Accruals, Prepayments & Irrecoverable Debts

    In this episode of Debit, Credit, Done!, Dean Quartermaine explains how to adjust accounts so they reflect the correct period — covering accruals, prepayments, irrecoverable debts, and the provision for doubtful debts. With step-by-step examples, journal entries, and insider AAT exam tips, you’ll learn how these adjustments affect both the Statement of Profit or Loss and the Statement of Financial Position. 🎯 Perfect for AAT Level 3 students preparing for the Financial Accounting: Preparing Financial Statements assessment. #AAT #AccountingPodcast #DebitCreditDone #Accruals #Prepayments #BadDebts #AATLevel3

    23 min

  8. 08/14/2025

    Series 2, Episode 4 - Depreciation – Spreading the Cost

    In this episode of Debit, Credit, Done!, Dean Quartermaine takes a deep dive into depreciation — what it is, why it’s used, and exactly how to calculate it using straight-line and reducing balance methods. You’ll learn about residual value, why AAT often refers to carrying amount instead of net book value, and how to handle pro-rata depreciation when assets are bought or sold mid-year. Includes: Clear explanations of straight-line and reducing balance methods How residual value affects your calculations Posting depreciation in the accounts A full worked example combining methods and pro-rata Dean’s top exam tips for avoiding common mistakes Perfect for AAT Level 3 students preparing for Financial Accounting: Preparing Financial Statements, and anyone who wants to finally “get” depreciation. 🎯 Challenge task included at the end to test your skills. 🎧 Listen now and master one of the most tested topics in AAT accounting.

    20 min
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About

Whether you're knee-deep in workbooks or cramming for your synoptic, Debit, Credit, Done! is your go-to podcast for making sense of the numbers behind the theory. Hosted by experienced AAT tutors and industry experts, we break down complex topics, tackle real-world scenarios, and share practical tips to help you pass your AAT exams and thrive in your accounting career. Each episode features bite-sized lessons, revision hacks, guest interviews, and relatable insights designed for AAT Level 2, 3, and 4 students. We’ll help you master everything from double-entry to ethics, budgeting to business

Information

  • Creator
    Dean Quartermaine
  • Years Active
    2025 - 2026
  • Episodes
    19
  • Rating
    Clean
  • Copyright
    © Dean Quartermaine
  • Show Website
    Debit, Credit, Done!