Double-entry bookkeeping is a system that tracks the way funds flow within a business by accounting for transactions as transfers from one account, or bookkeeping category, to another. In double-entry ...

Companies record every transaction in their accounting books based on the double-entry system. Because every transaction involves certain kinds of monetary exchanges between at least two business ...

A HISTORY OF double-entry accounting? Not a sexy prospect. The very idea evokes rows of half-starved, bent-over Dickensian clerks, with visors and arthritic hands, scribbling in giant, unending ...

The evolution of ledger systems can be traced back to the early days of human civilisation, where simple record-keeping forms were used to track transactions and assets. Over time, the development of ...

Financial accounting is a multi-step process for companies following double-entry methods. The first and most important step begins with a journal entry: the recording of financial information related ...

Today, on National Accounting Day, innovator Edward Kellman, PE, CEO and Chief Design Engineer of Trakker Apps, is bringing renewed attention to his patented reinvention of the double-entry accounting ...

Managing financial information is, by far, my least favorite part of being in business for myself. Don’t get me wrong, I like the money, but time tracking, invoicing, bill collection, monthly ...

Modern business is almost literally unthinkable without accounting. Without it, product managers wouldn’t be able to tell if their latest gizmo was recouping its development costs, investors wouldn’t ...

Accounting is the practice of recording a company’s financial transactions. To do this, it relies on two fundamental records: credit and debit in accounting. The ladder, a debit, is a journal entry ...

Editor’s Note: Have you balanced your check book this month? It’s mundane, and with online banking, it’s become less of a habit. But that most basic form of accounting is also easy. Maybe that’s why ...