Content Step 1 of 3 T-Accounts and their role in accounting systems Posting to the General Ledger 5 Use Journal Entries to Record Transactions and Post to T-Accounts The difference of these accounts is then carried to the unadjusted trial balance in the next step. Debits (abbreviated Dr.) always go on the left side of the T, and credits (abbreviated…
Content Bookkeeping for Beginners: 6 Basic Concepts to Get You Started Reconcile your bank accounts Separate business and personal expenses. Compare SpecsThe Best Accounting Software for Small Businesses in 2023 Create a New Business Account You need to do so anyway as you grow and add to your contact and inventory databases. You just have to decide whether you want…
Content Bookkeeping for Beginners: 6 Basic Concepts to Get You Started Reconcile your bank accounts Separate business and personal expenses. Compare SpecsThe Best Accounting Software for Small Businesses in 2023 Create a New Business Account You need to do so anyway as you grow and add to your contact and inventory databases. You just have to decide whether you want…