You can easily use this system, it was mad in Excel sheets, this simple accounting system starts from level zero in the accounting duty, it helps bookkeeping in the way that accountants used to do, it depends on recording financial transactions using double entry method.
Debit and Credit is the major thing you need to know for recording an entry.
The Simple Accounting System consists of: General Journal Book, General Ledger Book, Trial Balance, Income Statement and Balance Sheet, these are made in Excel workbooks as an easy accounting Excel sheets.
There are also some other aiding Excel workbooks and Excel sheets, such as Chart of Accounts, Cost Centers and Cost Analysis, these are made in Excel workbooks as an easy accounting Excel sheets too.
How does this Simple Accounting System works?
Step 1: Make a double entry in General Journal (Excel Sheet).
Step 2: There are no more steps!!
Yes, all you have to do is only recording financial transaction data in the Excel sheet, in double entry method, then let the automated Excel workbooks do the heavy accounting duties for you.
That, is what are we going to talk about but, in the next blog.
