Accounting Lessons

Basic Accounting Concepts

Lesson 1 in the Basic Accounting series: Understanding basic accounting concepts is a must for every small business owner. Even if you have an accountant that takes care of that “accounting stuff”, you need to know business accounting basics such as debits and credits and some accounting terminology. Accounting is setting up a system of …

Basic Accounting Concepts Read More »

Double Entry Bookkeeping

Lesson 2 in the Basic Accounting series: With a double entry bookkeeping system every one of your small business transactions will be recorded into at least two of the accounts in your accounting system. Is double entry accounting right for your small business or will another accounting system work better? Single Entry vs Double Entry …

Double Entry Bookkeeping Read More »

How to Record Accounting Journal Entries

Lesson 3 In The Basic Accounting Series: Learning how to record accounting journal entries is the foundation of any business accounting course. Let us show you the steps and some examples! If you are a student, small business owner, or just wanting to brush up on your accounting skills, understanding the basic accounting concepts of debits and credits and double-entry accounting will be the …

How to Record Accounting Journal Entries Read More »