Re: Accounting/bookkeeping
- From: "robert Doc Wright" <talmidim@xxxxxxxxxxxxxxxxxx>
- To: <jfw@xxxxxxxxxxxxx>
- Date: Tue, 2 Feb 2010 09:34:20 -0700
its been a while since I took an accounting class. that brings back memories. I
had to set up a template to handle that then but its been a while since I
looked at it. I would almost have to take the class again.
----- Original Message -----
From: 1SmartDog@xxxxxxx
To: jfw@xxxxxxxxxxxxx
Sent: Tuesday, February 02, 2010 9:23 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
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