Bookkeeping Blog

Bookkeeping Basics Shared Online Journal

Welcome to Bookkeeping Blog, Bookkeeping Basics Shared Online Journal. Your mini notebook about bookkeeping! 

This journal is designed to provide you with a wealth of valuable information and serve as your go-to resource for all things related to bookkeeping

Bookkeeping Blog

Here's what you can expect from our journal:

  • Stay Updated: We will notify you whenever new web pages are added to Bookkeeping-Basics, ensuring that you never miss out on valuable tips, advice, and insights. By subscribing to our journal, you'll be the first to know about new content that can help you improve your bookkeeping skills and knowledge.
  • News and Postings: Our journal will keep you up to date with the latest news, trends, and developments in the field of bookkeeping. Whether it's changes in accounting regulations, updates on bookkeeping software solutions, or industry best practices, we'll deliver relevant information right to your virtual doorstep. Stay informed and stay ahead with our timely updates.
  • Essential Bookkeeping Basics: We understand the importance of laying a strong foundation in bookkeeping fundamentals. Our journal will regularly feature articles and posts that highlight the key bookkeeping basics you need to know. From understanding financial statements to mastering double-entry accounting, we'll provide you with clear explanations and practical examples to enhance your understanding.

To subscribe to the Bookkeeping Basics Online Journal, there's no need to provide your email address. Simply click on the orange RSS button located below, and you'll be directed to the subscribe link. By subscribing, you'll be able to receive updates and access The Bookkeeping Blog feed through your preferred blog reader or Internet Explorer.

Subscribing to our journal offers several benefits. Firstly, it saves you time by bringing valuable bookkeeping information directly to you. Instead of visiting the website regularly to check for updates, you'll receive notifications whenever new content is published. This convenience ensures that you never miss out on valuable insights that can enhance your bookkeeping skills.

Secondly, our journal provides a curated collection of information that is relevant and specific to accounting. With so much information available online, it can be overwhelming to find reliable sources. By subscribing to our journal, you can trust that the content is carefully curated and tailored to meet your bookkeeping needs.

Lastly, our journal fosters a sense of community among bookkeeping enthusiasts. By subscribing, you become part of a community of like-minded individuals who share a passion for bookkeeping questions and answers. You can engage with other subscribers, share insights, and learn from one another's experiences, creating a supportive environment for growth and learning.

The Bookkeeping Basics Online Journal is your companion in your business journey. It provides you with a convenient way to stay updated, learn essential concepts, and connect with a community of financial enthusiasts. Subscribe today and unlock a world of valuable information that will empower you to excel in bookkeeping.

Bookkeeping Basics Blog

The Bookkeeping Basics Blog is my mini notebook about Bookkeeping. It will provide you with lots of valuable information and do many things for you such as...

- Let you know whenever new web pages appear on Bookkeeping-Basics offering you some new tips and advice

- Keep you up-to-date with other news or postings about Bookkeeping

- Point out some super important bookkeeping basics

To subscribe to Bookkeeping Basics Blog (no e-mail address necessary), click on the orange RSS button directly below and then follow the subscribe link. You will then be able to get updates and read The Bookkeeping Blog feed from your Internet Explorer or other blog reader.

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Aug 25, 2023

Transaction Bookkeeping Questions - Decoding Expenses

Transaction Knowledge Bookkeeping Question

Transaction Bookkeeping Questions - We unpack the myriad forms of transactions – from personal banking and business expenditures, to complex financial trades – and explain their roles in shaping economic activities.

Continue reading "Transaction Bookkeeping Questions - Decoding Expenses"

Aug 24, 2023

Transfer Bookkeeping Questions - Asset Movements

Merchant Service Transfer

Transfer Bookkeeping Questions - Welcome to a comprehensive guide designed to make understanding and executing financial and asset transfers simple.

Continue reading "Transfer Bookkeeping Questions - Asset Movements"

Aug 24, 2023

Trial Balance Debits & Credits

How are Bank Deposit account, Dividends Paid, Loan Stock & Interest on Debentures recorded in the Trial Balance? Which do you debit and which do you credit?

Continue reading "Trial Balance Debits & Credits"

Aug 24, 2023

Vat Clearing

I'm doing a spreadsheet and I would like to know how to record: . vat clearing & . business levy in the financial statements??

Continue reading " Vat Clearing "

Aug 23, 2023

Chapter Journal Bookkeeping Questions - By Segment

Chapter Journal

Chapter Journal Bookkeeping Questions - Dive into the world of journal bookkeeping with our comprehensive chapters that addresses all your burning questions

Continue reading "Chapter Journal Bookkeeping Questions - By Segment"

Aug 21, 2023

How to record start-up costs that i paid for personally for my business

As a start-up company in its early stage, i barely make enough money to pay for inventory and supplies via company income. So i still on occaasion will

Continue reading "How to record start-up costs that i paid for personally for my business"

Aug 21, 2023

HST Transition Support Cheque for Small Business

To which GL account should I post the Ontario government's cheque for small business HST transition support. I don't have a GL called Other Revenue.

Continue reading "HST Transition Support Cheque for Small Business"

Aug 17, 2023

Budget Bookkeeping Questions - Financial Precision

Budget Bookkeeping Question

Budget Bookkeeping Questions - Learn how to develop a comprehensive budgeting strategy that aligns with your financial goals and objectives.

Continue reading "Budget Bookkeeping Questions - Financial Precision"

Aug 17, 2023

Bookkeeping Posting Questions - Clarify Doubts

Beginner Bookkeeper

Bookkeeping Posting Questions - Whether you have inquiries about journal entries, general ledger postings, adjusting entries, or specific posting procedures, this comprehensive Q&A section provides valuable insights and solutions

Continue reading "Bookkeeping Posting Questions - Clarify Doubts"

Aug 14, 2023

Prepaid Bookkeeping Questions - Prepayment Options

Prepaid Rent

Prepaid Bookkeeping Questions - Explore the world of prepaid expenses and discover how they can streamline your budgeting, enhance accuracy in financial statements, and provide valuable insights into future cash flows.

Continue reading "Prepaid Bookkeeping Questions - Prepayment Options"

Aug 11, 2023

Bookkeeping Journal Entry Questions - Recording Process

General Journal Entry

Bookkeeping Journal Entry Questions - Learn the essential principles and best practices of creating journal entries, including debits and credits, proper documentation, and maintaining a well-organized journal.

Continue reading "Bookkeeping Journal Entry Questions - Recording Process"

Aug 11, 2023

Bookkeeping Correction Questions - Fixing Errors

Correct Bookkeeping Entries

Bookkeeping Correction Questions - Discover strategies to identify and resolve common mistakes, such as data entry errors, reconciling discrepancies, and misclassified transactions.

Continue reading "Bookkeeping Correction Questions - Fixing Errors"

Aug 11, 2023

Bank Account Bookkeeping Questions - Transactions

Bank Interest

Bank Account Bookkeeping Questions - Traverse a wide range of topics related to bank accounts, gain practical knowledge, and find solutions to common banking challenges

Continue reading "Bank Account Bookkeeping Questions - Transactions"

Aug 11, 2023

Bookkeeping General Ledger Questions - Recordkeeping

Bookkeeping Expenditures Ledger

Bookkeeping General Ledger Questions - Gain a deep understanding of how to create and maintain an accurate general ledger, which serves as the backbone of your company's financial information.

Continue reading "Bookkeeping General Ledger Questions - Recordkeeping"

Aug 10, 2023

Bookkeeping Expense Questions - Money Tracking

Bookkeeping Expenditures

Bookkeeping Expense Questions - From recording day-to-day expenses to categorizing and analyzing spending patterns, this page provides valuable insights and strategies for optimizing your financial management.

Continue reading "Bookkeeping Expense Questions - Money Tracking"

Aug 10, 2023

Recording Service Entries

I am setting up my one-man web design company using an open source, double entry accounting program. Since I sell intangible items like website development

Continue reading "Recording Service Entries"

Aug 09, 2023

Entries Required to Correct Deposit Error

We deposited and our bank cleared a cheque written to another company. I have written a check to that other company. I know I need to credit my bank

Continue reading "Entries Required to Correct Deposit Error"

Aug 09, 2023

Entering Year End WIP

Could you tell me what the corresponding entry would be when I am entering my Work in Progress on the balance sheet?

Continue reading "Entering Year End WIP "

Aug 09, 2023

Entering Dates for General Journal Entries

I work with a non-profit and have a disagreement with the Treasurer. She wants me to enter the date I actually make the GJE (interest income, pay pal transactions)

Continue reading "Entering Dates for General Journal Entries"

Aug 09, 2023

Entering Bounced Cheque

How to enter a bounced cheque in manual bookkeeping

Continue reading "Entering Bounced Cheque"

Aug 09, 2023

Entering a Shareholder Expense Report.

I am getting very flustered because I am over thinking this. If you could help me I would appreciate it very much. My boss (shareholder) recently started

Continue reading "Entering a Shareholder Expense Report."

Aug 09, 2023

Cleaning Up Non-Profit Books

I am working woth a new non-profit. They did not keep accurate records for the year 2010. While thier bank statements show more income that they show

Continue reading "Cleaning Up Non-Profit Books"

Aug 09, 2023

Clean Up Her Books

A friend has asked me to enter some data for her, reconcile her books, and in general, get her on the right track. She is carrying unpaid checks on her

Continue reading "Clean Up Her Books"

Aug 09, 2023

Bookkeeping Account Questions - The Fundamentals

Account Register

Bookkeeping Account Questions - This well rounded report covers the fundamentals of bookkeeping accounts, including their types, purpose, and how they are used to track and categorize financial transactions.

Continue reading "Bookkeeping Account Questions - The Fundamentals"

Aug 07, 2023

Just the Bookkeeper Facts, Ma'am

About all the experience I have in bookkeeping is paying my household bills and balancing my checkbook. I've had no formal training or any education in

Continue reading "Just the Bookkeeper Facts, Ma'am"

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If you find our blog helpful and would like to make donations, we have set up a secure donation platform to facilitate the process. Your donation, no matter the amount, will go directly towards the maintenance and improvement of our blog, allowing us to bring you even more valuable insights, tips, and resources on bookkeeping.

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Thank you for being a part of the Bookkeeping Basics community, and thank you in advance for considering a donation. Your support means the world to us, and we are truly grateful for your contribution.

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Bookkeeping Questions and Answers

Our Questions and Answers Page is a valuable resource where you can find answers to common bookkeeping queries and seek guidance on specific challenges you may be facing. It serves as a platform for you to interact with our knowledgeable community and tap into a collective pool of expertise.

If you have a burning question about bookkeeping, whether it's related to financial statements, payroll processing, tax obligations, or any other aspect of accounting, our Questions and Answers Page is the perfect place to get reliable answers. Simply submit your question, and our team of experts and fellow bookkeeping enthusiasts will provide helpful insights and practical solutions.

Additionally, browsing through the existing bookkeeping questions and answers on our page can be an educational experience in itself. You may come across topics that you hadn't considered before, and reading the responses from our community can broaden your understanding of various bookkeeping concepts.

We encourage you to actively participate in the Questions and Answers Page by asking questions, sharing your knowledge, and engaging with others. Together, we can create a vibrant and supportive community where everyone can learn, grow, and succeed in their bookkeeping endeavors.

Visit our Questions and Answers Page today and unlock a world of bookkeeping knowledge and insights. Your questions matter, and our community is here to help you navigate the complexities of bookkeeping with confidence.

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