Blog

16th October 2017

What is Double Entry Bookkeeping?

Double entry bookkeeping is the definitive way of ensuring that every transaction is captured and entered into your bookkeeping. It ensures that nothing is missed. It was designed and used in the Middle-Ages in Italy and became widespread. No system has ever replaced it. How does it work? There are only 6 types of transactions […]

Blog
9th October 2017

What is the Accounting Equation?

If you were to start learning bookkeeping, this would likely be part of the first lesson. The Accounting Equation is very easy to understand. See what you think: ASSETS          –          LIABILITIES          =          CAPITAL We use these terms in everyday […]

Blog