Double-entry accounting is a bookkeeping method that records two entries (one debit and one credit) for each business transaction.

One of the merits of the double-entry system is that any transaction has two equal and opposite effects on business finances. For example, let's say that a company buys a machine to manufacture a ...

Double-entry accounting is a system of recording transactions in two parts, debits and credits. Learn how to apply it here.

Double-entry accounting systems have various effects on financial statements, mainly related to data accuracy and completeness. In the modern economy, the two-entry method of recording ...

Edward Kellman, CEO and chief design engineer of Trakker Apps, holds two U.S. patents for an innovative take on double-entry accounting. The system, known as the Double-Entry Multi-Extrinsic-Variable ...