provides a wide variety of tutorials, examples, references, and no-nonsense advice on bookkeeping and accounting. It aims to answer all those questions you’ve always wanted to ask . . . and some you didn’t know you needed to.

At you will learn how to understand and use your accounting records to manage your business. We offer free tutorials in all aspects of bookkeeping and accounting. Tutorials

Select a category from the menu to the left or chose one of the Tutorials below.

Popular Tutorials Examples

The best way to learn is to look at examples. At you can look at examples of how you can apply the principles and concepts discussed in the Tutorials in practice.

Bookkeeping Example
Account Debit Credit
Accounts receivable 100
Revenue 100
Total 100 100

Select a category from the menu to the left or chose one of the Examples below.

Popular Examples References

At you will find references for all our topics. The references are usually in the form of tables and serve as quick guides or cheat sheets for each bookkeeping and accounting topic.

Popular References Quizzes

Test your knowledge of debits and credits. At you will find a selection of accounting quizzes.

Popular Quizzes

Accounting Templates

You can find free double entry accounting templates, accounting forms, bookkeeping templates and bookkeeping forms.

Popular Accounting Templates

Bookkeeping Glossary

At you will find an A to Z guide to the world of bookkeeping and accounting.

Popular Glossary Terms

Double Entry Accounting Ratios

You will find information on what are considered to be the most important accounting ratios used in managing a business.

Popular Accounting Ratios

What is Bookkeeping?

When you set out to start a business as an entrepreneur you need to be in control of your finances and be able to monitor closely the overall performance of the business. The only way to achieve this is to have good accounting information and be able to understand what the information is telling you.

Bookkeeping is the process of recording all your business transactions to produce a set of accounting records, it is the start of the accounting process which allows you to produce useful accounting information such as details of your sales, expenses, working capital etc.

A Bit of History on the Double Entry Accounting System is a system of bookkeeping which records each transaction twice. The system was first developed in the 13th century and used by Italian merchants. In 1494 Luca Pacioli a monk and mathematician was the first to publish a treatise which included details of and recommended the Venetian method which included three books of account, the memorandum, the journal, and the ledger. The treatise was widely available and accessible and formed the basis of practiced today.

The first entry records what comes into the business (a debit) and the second entry what goes out of the business (a credit).
debits = credits

Every Debit must have a corresponding equal and opposite Credit.

All businesses are under pressure from all sides and only well managed businesses will survive. We started the website with one clear objective in mind to offer users a wide variety of tutorials, examples, references, and no-nonsense advice on small business bookkeeping and accounting.

We aim to give you the information you need to help you understand and use your accounting records to manage your business. We make and accounting more usable, easier to navigate, faster and more reliable. In other words: we make your system records work.

Whilst there are many places that you can learn double entry accounting and bookkeeping, they tend to provide you with a confusing array of information. The first requirement for any business is to know what you’re doing, and what you’re aiming for. The only way to do that is to have good double entry accounting system records to provide quality accounting information and to be able to understand what that information means for your business. April 23rd, 2018Team

Related pages

average debtor daysincome statement creatorincome gearing ratiowhat is outstanding check in bank reconciliationdupont roe formulanpv of an annuitygrowing annuity definitionhow to do double entry bookkeepingnet credit sales formulaobjective of bookkeepingexcel chart of accounts templateaccounting ledger exampleseffective interest rate excelhow to calculate the future value of an annuityfifo calculation formulalump sum payment formuladouble entry for hire purchase of motor vehicledepreciation overheadsuspense account group is defined underpvad tablemargin and markup calculationsjournal entry for contingent liabilityimprest system for petty cash12 column worksheet accountingyear end closing entries examplescalculating profit margin percentagehow to calculate inventory turnover daysaging account receivablebad debt provision double entryvertical analysis of income statement exampleppv accountingamortization schedule examplesample accounts receivable reportwhen using a perpetual inventory systemfifo method examplesprojected balance sheet formatthe times interest earned computation isprepaid expense accounts appear ontypical journal entries accountingcalculate accumulated depreciationreducing balance basisinternal controls for accounts payableaccounts payable normal balancedebit depreciation expenseexcel formula to calculate interest rateinventory obsolescencelabor variance formulacompute the lower of cost or market valuationstockholders equity journal entriesunderstanding bookkeepingpv of annuity due formulacumulative convertible preferred stockthe purpose of the post closing trial balance is topayback method exampleaccounts receivable vs accounts payablepayback period calculator onlinewhat is roce ratiodupont analysis chartinventory turnover calculation formulaprofitability index in exceldebt equity ratio calculation formulacash flow to creditorbookkeeping wagesaccount recievable turnoverdouble entry for corporation taxcalculate manufacturing overheadexamples of journalizing transactionscalculate payback periodafs securities accountingeffective annual rate eargross profit method of inventorydefinition of sundry expensesretained earnings statement formatcheque wikisample payment voucher templateformula of acid test ratiodefinition of retained profitsnotes receivable balance sheetfind the future value of an annuity calculatorequity method of accounting journal entriesdeclining balance method examplecredits vs debitsconvertible note accounting treatmentdouble entry for finance lease