Benefits of Double Entry Bookkeeping

There are two main systems used by businesses when discussing bookkeeping:  single entry and double entry.  While both systems are quite adequate, choosing which one to use in your business is for the most part, up to personal preference.  That being said, unless your business is small, and only handles simple transactions, double entry bookkeeping will provide the most benefit. Read more

• Recent Posts

  • What to Expect from Bookkeeping Services
  • Benefits of Double Entry Bookkeeping
  • What to Look for in a Bookkeeper
  • Advantages to Outsourcing Your Bookkeeping
  • Important Bookkeeping Reports You Must Know

• Recent Comments

  • aprbookkeeping on 7 Ways a Professional Bookkeeper will save you $$$ (Part 1)
  • Phil on Welcome to my SME & Bookkeeping Blog
  • aprbookkeeping on Advantages to Outsourcing Your Bookkeeping
  • Bookkeeping Brisbane on 7 Ways a Professional Bookkeeper will save you $$$ (Part 1)
  • free emr on Common Bookkeeping Mistakes – Dos and Don’ts

• Categories

  • A Bookkeepers Diary
  • Bookkeeping Basics
  • Bookkeeping Tips

• Archives

  • August 2011
  • July 2011
  • June 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • March 2009
  • September 2008
  • August 2008
  • May 2008
  • March 2008
  • January 2008
  • December 2007
  • November 2007

• Tags

  accounting methods accounting principles accounts accrual accounting bank bookkeeper bookkeeping bookkeeping basics bookkeeping mistakes bookkeeping services bookkeeping software bookkeeping tips cash accounting dos and don'ts double entry bookkeeping financial statements find a bookkeeper oursource bookkeeping outsource bookkeeping payroll profit and loss account profit and loss report reconcile services small business software

• Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org

• 
  

• About

  Welcome to FINOS, the BooksonSite Business Blog. Here we provide bookkeeping advice for small business owners.

  Are you an SME with a turnover of between $500k-$15 million and are finding bookkeeping a bit too challenging?

  We provide onsite bookkeeping services in Sydney, Melbourne and Brisbane backed by MYOB Certified CPA support. Click below to learn more, or call us on 1300 226 657.