Re: Accounting/bookkeeping
- From: "1SmartDog@xxxxxxx" <1smartdog@xxxxxxx>
- To: <jfw@xxxxxxxxxxxxx>
- Date: Tue, 2 Feb 2010 10:23:43 -0600
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:
