Double entry bookkeeping

Guide to Financial Management

Double entry bookkeeping

What is double entry bookkeeping?

Even the most experienced accountant will break into a sweat when asked to explain what double entry means in simple terms.  This is usually followed by a 10 minute explanation that leaves you totally confused!

Here is a practical explanation aimed at managers so that you can know enough to decide whether you need to have a double entry bookkeeping system in your own organisation.

 

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