Accounts Payable vs. Accounts Receivable

Patriot Software

Both accounting entries are part of double-entry bookkeeping, but what is the difference between accounts payable vs. accounts receivable? As a small business owner, setting up your accounting books and maintaining accurate records is essential.

Happy International Accounting Day!

Going Concern

It’s important to note that while Pacioli is often credited with the development of double-entry bookkeeping, he did not invent the method and is instead considered the first person to describe the method already used by Venetian merchants in literature.

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Why Hyperledger Says It?s Prime Time For Blockchain

PYMNTS

They’re just called double entry bookkeeping.”. Blockchain, he said, exists as a form of “multi-way bookkeeping.”. Is now the prime time for blockchain ?

Can Better Digital Bookkeeping Make For Happier Landlords?

PYMNTS

In a new PYMNTS interview, Karen Webster talks with Peter Koch, CEO of ManageCasa , a property management software provider that focuses on DIY landlord and property management, about bringing more digital bookkeeping to the space. But as Koch told Webster, the company sees itself as not only offering a capability to tie together all those different participants — but doing so via its double-entry bookkeeping tools and payment reconciliation. “We

What Accounts Are Debit and Credit?

xendoo

Debits and credits are used in double entry accounting to ensure that everything balances out at the end of the accounting period. With it, you record each transaction as a debit and a credit, hence the name double entry accounting. Bookkeeping

Accounting Basics for Small Business: A Simple Guide

Snyder

Go through business bookkeeping basics. It’s necessary to distinguish between accounting and bookkeeping because people often confuse these two notions. Bookkeeping is a part of a business accounting system that focuses on recording and administering financial transactions.

The Playbook for SaaS to Convert from Cash to Accrual

inDinero

double-entry) and expense is of value to your future success? Why recurring revenue needs double-entry bookkeeping. first described double-entry accounting in his Book on the Art of Trade , published in 1458.