Accounting Seed
JANUARY 4, 2023
Even in the 21st century, it’s still possible to do your bookkeeping with paper spreadsheets or account books. If manual accounting works for you, nobody can force you to change. Accounting standards are the same whether you use ledgers or laptops.
Accounting Seed
NOVEMBER 23, 2022
You debit the $12,500 to AR and credit the same amount to your sales account. This is known as balancing your accounts/books. You recognize this in your accounting with a “bad debt” entry. Sooner or later, your success will make manual bookkeeping impractical. Cloud-based accounting software could be the answer.
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