The general ledger would have two lines added to it, showing both the debit and credit for $5,000 each. What Is the Basic Rule of Double-Entry Bookkeeping? The basic rule of double-entry ...

This creates a need for different types of accounts within the general ledger. For example, basic accounts include ... general ledgers use double-entry bookkeeping methods, each transaction ...

particularly if you are skilled with accounting and able to set up the basic system yourself with minimal help from a professional. You will also find that doing your bookkeeping by hand ...

Excel has all of the tools needed to create and maintain a general ledger, but it requires a solid understanding of basic accounting ... first step in setting up a bookkeeping process is to ...

For many small businesses, the most common bookkeeping errors are the easiest ... This is one of the most basic rules: If you don't keep accurate daily records, you don't have an accurate way ...

In the past, businesses ran a general ledger, a physical book full of written financial ... There are three methods of basic bookkeeping for small businesses. Many opt for the most straightforward and ...

FreshBooks offers a basic bookkeeping plan that's $10 every month ... or maintain a full-blown ledger? Additionally, consider whether or not you want to do your accounting strictly with a program.