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. January 18th, 2018Team

Related pages

how to calculate the payback perioddeferred revenue expenditure meaningjournal entries in tallytrial balance sheet accounts receivabledefine deferred taxdouble declining balance formulaunearned revenue what type of accountaccounts receivable equationreturn on capital employed calculatorreconciling accounts payableamortization calculator in excelhow to calculate annuity in excelnet30 termswhat is sundry debtors in balance sheetamortisation costprepaid adjusting entryaccounts receivable is a debit or credithow to calculate manufacturing overheadis prepaid expense a current assetformula for markupvariable overhead cost variancebookkeeping tutorialsaccounts flowchartprepayment balance sheetcalculating times interest earnedamortisation of intangiblesdouble declining balance depreciation method formulaformula for liquidity ratioincome statement with cogswhat is the accounts receivable turnoverincome statement multiple stepcalculating interest rate in excelsimple payback period calculatorvariable overhead rate varianceaccrual spreadsheettrade debtor daysexample of prepaid expensesthe payback methodaccounts payable days formulacapital expenditure balance sheethow to account for capital leasesdebtor turnover formulainventory turnover ratio in days formulaphysical inventory count sheethorizontal analysis financial statementssap joint venture accountinghow to calculate percentage of completion in excelaccounting equation worksheet templatedays of receivables formulaaccounts payable normal balanceis bonds payable a current liabilitymargin vs markup formulaexamples of petty cash expensescalculate future value of an annuitydays in accounts payable ratiounit contribution margin formulabank overdraft balance sheetfob on invoiceunpresentedaccount receivable turnover calculatorformula for present value of annuitypayback excelfree petty cash voucher templatewhat is tie ratiounearned fees journal entrymarginal cost formula calculatoraccruals and prepayments double entryexamples of payback periodexcel markup formulaaccounting rate of return calculatorlifo creditfixed assets sold formulatrade creditor definitionledger t accountshow to calculate straight line amortizationdividends payable journal entryamortization expense on income statement