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What is a Cashbook?

These days most of us are more aware of the need to track our income and expenditure. Bookkeeping is something that most of us will associate with businesses, but it is also something that can benefit personal money management. A good way to do this is to have a cashbook. There is something that anyone can learn to use and it can be very beneficial when it comes to managing personal finance.

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What is a General Ledger / Nominal Ledger?

An important element of business accounting is the general ledger.This will be something that will be used by all businesses that use a double entry bookkeeping system. The information found in the general ledger is used for creating financial statements and it includes all transactions. Read the rest of this entry »

What is Accounting?

accountingAccounting is one of the oldest professions in the world. The goal of this type of work is to record and report business transactions. There is evidence that people began using accountancy over 7,000 years ago; once we began trading with other people it became a necessity. The oldest books in the world are the Indian Vedas and this document contains information about accountancy. In the distant past it is uncertain if there were people employed full time as accountants, but as time passed humans developed bookkeeping and accountancy became a distinct profession.

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Top 6 Best Accounting Bookkeeping Books Reviewed

Getting to grips with accounting and bookkeeping can feel like a bit of a challenge if this is not something that we have previously needed to deal with. Luckily, there are some great books available on the subject that can explain things in an easy to understand manner. Here are the top 6 best accounting/bookkeeping books reviewed.

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