Articles

How bookkeeping actually works, in plain words. You do not need any of this to keep your books, and it is here for when you want it.

• Keeping personal and business money separate

  Why one bank account for both is expensive, and what separating them actually involves.

• How the two views work

  One transaction, read as from and to, and read as debit and credit. They are the same record in two languages.

• What a debit actually is

  Your bank statement taught you the wrong definition. Here is the one bookkeeping uses, and why the two disagree.