Accounting and Bookkeeping - Painless Bookkeeping

Accounting Basics

17 March 2024

Reconcile, Reconcile, Reconcile

Bookkeeping is the continually process of checking and reconciling the data to ensure it is fair and correct so that you can rely on...

Implement a reporting schedule

Every business has different reporting needs. Exactly what reports are needed will be determined by the business's budgets, owners n...

What is an Audit Trail?

A good accounting system should by nature produce a clear audit trail for all documents and records that a third party could follow ...

Record Storage and Retrieval

Lets face it , we all hate filing. But it is an integral part of your accounting system. Your filing system is only as good as the ...

29 Jul 29 July 2009

Accounting Vs Bookkeeping

What's the difference between accounting and bookkeeping?... read more

13 Aug 13 August 2017

What is a bookkeeping system?

While today's bookkeeping system is mostly electronic and some tasks can be automated. A bookk... read more

29 Jul 29 July 2009

What is an accounting period

An accounting period is a business's trading time between the successive closings of the books.... read more

29 Jul 29 July 2009

The Accounting Cycle

The total set of accounting procedures that must be carried out during each accounting period.... read more

25 Dec 26 December 2023

Chart of Accounts

The chart of accounts is the backbone of any accounting system. It is a listing of all the acco... read more

29 Jul 29 July 2009

Why are they called Subsidiary Journals?

While the earliest recorded evidence of accounting goes back 7000 years to Mesopotamia - we can... read more

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Accounting Basics

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