Article · 30 min read

Bookkeeping (Explanation)

Harold Averkamp, AccountingCoach · accountingcoach.com Free Beginner

A free, patient course on double-entry bookkeeping: accounts, debits and credits, the general ledger and how transactions roll up into financial statements.

  • Every transaction touches at least two accounts.
  • The general ledger is where all accounts and their balances live.
  • Reconcile with the bank statement so the books match reality.
Open on accountingcoach.com ↗

The question it answers

  1. How do I do bookkeeping for a small business, in Excel or Tally?

Read with it

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  4. Tally's own step-by-step help on the first thing you do in TallyPrime: create the company with its financial year, address and... help.tallysolutions.com Article · 4 min read Create a Company in TallyPrime Tally Solutions
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