What is double-entry bookkeeping? Everything you need to know

Double-entry bookkeeping- also known as double-entry accounting- is the method of balancing your debit against your credits. In English, this means for every dollar I spend, I document what I receive. When an accountant says debit, he means what is received. And the credits are what’s given in exchange for the value you received. AContinue reading “What is double-entry bookkeeping? Everything you need to know”