Re: Accounting/bookkeeping
- From: "George Marshall" <marshall.geoma4@xxxxxxxxx>
- To: <jfw@xxxxxxxxxxxxx>
- Date: Wed, 3 Feb 2010 11:05:26 -0500
Take it from an old accountant it can get much more complex than that. For
example encumbering the purchase, when the invoice arives releave the
encumbrance and charging the expense, exc:
HTH,
George R. Marshall
marshall.geoma4@xxxxxxxxx
----- Original Message -----
From: 1SmartDog@xxxxxxx
To: jfw@xxxxxxxxxxxxx
Sent: Tuesday, February 02, 2010 11:23 AM
Subject: Re: Accounting/bookkeeping
No, the double-entry form of accounting is an accounting style. Unlike a
simple check register, which is a single entry form of accounting, a
double-entry method provides for a debit entry on one side (income or
liability) and an equal credit amount on the opposite. It is a book-balancing
system. For example, enter a payment of $500 in accounts receivable for
customer Joe Blow (credit) since he paid his bill and a $500 entry (debit) in
the cash account. Take away from accounts receivable and add to cash on hand.
And, yes, the "debit/credit terminology is always confusing for those not
familiar.
Karen
----- Original Message -----
From: robert Doc Wright
To: jfw@xxxxxxxxxxxxx
Sent: Tuesday, February 02, 2010 8:50 AM
Subject: Re: Accounting/bookkeeping
when you say double entry are you speaking of having a row whereby you
might send a single payment for two separate issues?
another suggestion is A P H's Moneytalks software. It will allow to split
an entry.
----- Original Message -----
From: 1SmartDog@xxxxxxx
To: jfw@xxxxxxxxxxxxx
Sent: Monday, February 01, 2010 11:39 PM
Subject: Re: Accounting/bookkeeping
That works fine for check registers and so forth -- for any single entry
system but I do need double entry.
Thanks,
Karen
----- Original Message -----
From: glenjan42@xxxxxxxxxxx
To: jfw@xxxxxxxxxxxxx
Sent: Monday, February 01, 2010 11:56 PM
Subject: Re: Accounting/bookkeeping
A lot of us use Microsoft Excel.
Glen
At 04:48 pm 2-02-2010, you wrote:
Does anyone have a recommendation for a JFW friendly bookkeeping
program. In depth accounting program with job cost tracking and that sort of
thing is not necessary. A fairly straightforward income/liability debit/credit
program would be sufficient.
Thanks,
Karen
Other related posts:
