Double-entry accounting is a bookkeeping system that requires two entries — one debit and one credit — for every transaction. Your books are balanced when debits and credits zero each other out.

You can handle day-to-day transaction entries in QuickBooks using invoices, bills, checks and other familiar forms. When you fill out these forms, however, QuickBooks is recording a journal entry ...

Journal entries are an integral part of everyday business operations, and the very stepping stone toward quality accounting under double entry accounting standards. Large companies likely have several ...

Double-entry accounting is a system of recording transactions in two parts, debits and credits. This method of recording business transactions allows users to avoid errors and omissions.

Although no one knows when double-entry accounting first emerged, but Italian mathematician and Franciscan friar Luca Pacioli wrote the first codified system describing the technique in the late ...

Triple-Entry Accounting. Triple-entry accounting is a scholarly concept conceived by the late Yuji Ijiri, a professor at Carnegie Mellon University.

Accrued Interest in Accounting . Entries to the general ledger for accrued interest, not received interest, usually take the form of adjusting entries offset by a receivable or payable account.