The Bottom Line . Double-entry bookkeeping is a foundation of business accounting and is recorded in the general ledger, which reflects the record of a transaction as either a credit or debit and ...

In a sample audit, you choose only a percentage of the transactions to review in detail. Reviewing Sales Activity Inaccuracies in the sales ledger can result in a potential overstatement or ...

The general ledger uses double entry bookkeeping to keep track of all of the company’s transactions, and it is important to have a solid understanding of this concept before beginning to use ...

In general, a business accounting system is designed to keep track of where money comes from and where it goes. Usually, businesses will keep both a journal and a ledger for accounting purposes.

Single- vs. double-entry bookkeeping. Single-entry bookkeeping is a good choice if your business is small and has a low volume of activity. It’s similar to keeping a checkbook; you record one ...

Importing into Excel. Once this Print to File option has been created, you can print the general ledger to this printer option from your accounting system and import the resulting .prn file into Excel ...

This bookkeeper job description gives you all of the details on what the role entails, including responsibilities, qualifications, and skills.