Wednesday, August 10, 2011

What is double entry bookkeeping

  Double entry bookkeeping is... Bookkeeping is simple when you understand it's purpose. To keep track of your customers To keep track of your products To keep track of your Cash It is just a method of monitoring what is going on in your business. Double entry monitors the movement of the 2 elements that are moving IN and OUT of any business. Product Cash There are 2 words in bookkeeping that monitor this movement of

Read more ...

No comments:

Post a Comment