Elizabeth Guy from Bean Counter Bookkeeping shares tips and insights for Small Business Owner's and like minded Bookkeepers.

Back to Basics

My favorite class in high school was Bookkeeping. I am pretty sure Intro to Coding has taken it's place now. *Sigh* Oh the simpler times! I can still see the brand new ledger books we were given. Fresh and clean just waiting for transactions to be recorded. Doesn't it just make you want to sharpen you pencils? I believe we were in charge of maintaining the transactions for a Household. Although it wasn't a business we still logged the transactions the same. We had to record the money we received (Income) and then record the money we spent (Expense). Some transactions included people we owed money to (Liability) and sometimes, in exchange for the money we spent, we received something tang

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