Education
Education
In a traditional Educational Environment such as High School or College, you would learn bookkeeping and accounting theory as it's been taught since the 1490s (for the past 530 years or so).
Your text book and teacher would focus on manual understanding of transcations, journals, debits, credits, ledgers, and reporting.
The problem with that is that nobody does full double entry bookkeeping by hand anymore -- and many software packages do NOT do double entry accounting nor expose the data storage schema's enough for anyone to fully feel comfortable with how data is handled if and when there are imbalances or errors.
What we are going to do is teach you how to use a spreadsheet based "Bookkeeping" Software System -- that is in fact operating like a database more so than a traditional spreadsheet application -- that more closely mirrors a manual bookkeeping practice than any database software on the market.
Furthermore, we are going to show you how data in different journals is combined and stored in a single data table -- and then how that data is turned into ledgers for reporting.... AND you are going to get to do all this withOUT the added headaches and confusion of debits and credits.
For those that want to learn about what debits and credits were, why they were so important, and why they've never been needed on the front end of software, we'll offer that AFTER you understand how to use the software. It's much easier that way than the other and in fact they are in the backend of the software -- with an option to turn them on and off to see what they do and do not add in a unique, modern system.
However, before we get into any more software details we need to zoom out.
We first need to paint a much larger picture of Life, Commerce and Business for you -- and then we are going to identify what all the components are for a Business while identifying where and how Accounting and Bookkeeping fits into those systems.
This will help establish "boundaries" for what words mean while setting expecataions for what you should and should not expect in any Bookkeeping and/or Acccounting Software System.
Below is a flowschart that contains the 80/10/10 rule, FAMMSOIT/bELS , an introduction to Accounting and Bookkeeping in Context of the various components of business literacy, and in introduction to Accounting and Bookkeeping Software.
This is an example of "condensed learning" and using a reference document you can always refer back to as your learning medium.
Example of Transfering Journal Entries to a General Ledger
Youtubers/Youtube Channels