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Exploring the Ins and Outs of Double Entry Accounting
Leave intimidation behind by understanding how debits, credits, general journals and general ledgers work. Learn how to post an entry, record adjusting and closing entries and prepare a trial balance. These simple and important aspects of double entry accounting will give you more confidence when dealing with the financial aspects of your business.
8th of the 10 Kurlan Sales Competencies That Are Key to Building a Sales Culture
Key Performance Indicators or KPI's abound for sales. However, most companies choose to pay attention to the wrong ones. They look at lagging indicators like:

Facing the Financial Crunch
We're watching the financial markets dissolve into paroxysms of insolvency before our eyes. Regardless of whether we've been planning for our futures or not, our options have suddenly become much more limited.

EFFECTIVE FINANCIAL MANAGEMENT PRACTICES
In the current environment of sky high debt, rising interest rates and often unaffordable housing prices, you can no longer afford to be complacent about money management.

Other debits Related Articles

The Accounting Model: Accounting's Rosetta Stone
A brief but clear explanation of how debits and credits work.
Accounting made simple? I don't think so.
A light hearted look at the mere mortal's main barrier to understanding accountancy, Credits and Debits.
Exploring the Ins and Outs of Double Entry Accounting
Leave intimidation behind by understanding how debits, credits, general journals and general ledgers work. Learn how to post an entry, record adjusting and closing entries and prepare a trial balance. These simple and important aspects of double entry accounting will give you more confidence when dealing with the financial aspects of your business.
Accounting for Non Accountants : Debit, Credits and Financial Statements
When people hear the term accounting, there is an involuntary reaction whereby the comprehension centres (the medical term) of their brains tend to shut down, and sleep mode is activated. This is unfortunate, as accounting, especially to a small business owner, can actually be quite interesting. It is one of the primary tools by which business owners and other interested parties can gage the success of their business, as well as identify areas that require attention and need improvement. To understand accounting, business owners need to have a basic understanding of how it works (debits and credits) and it's results (financial statements), explained below:
Debits and Credits in Accounting
In double entry accounting, we use two columns for each account and enter only positive numbers. Two accounts are always affected by each transaction, one must be a debit and the other must be a credit of equal amount. Sometimes more than two are affected when multiple entries are made against one credit/debit. This double entry accounting system provides a method of checks and balances. By adding up all of the debits and adding up all of the credits and comparing the two you can notice errors or correct many common types of bookkeeping mistakes.
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