Learn accounting

Accounting basics Accounting basics for beginners Learn accounting from zero: the accounting equation, the five account types, who reads accounts and the core concepts, with a worked example in euros. 12 min read Accounting basics Debits and credits explained Debits and credits made clear: the rule for each account type, normal balances, T-accounts, a memory aid and ten worked postings in Canadian dollars. 10 min read Accounting basics Journal entries with examples 25 worked journal entries for one month of a small trading business: capital, loans, VAT purchases and sales, returns, payroll, prepaid rent and depreciation. 11 min read Accounting basics The accounting cycle, step by step The accounting cycle in 10 steps, from source document to post-closing trial balance and reversing entries, with one worked example carried all the way through. 10 min read Accounting basics Accrual vs cash basis accounting Accrual vs cash basis accounting explained with one quarter worked both ways, a conversion formula, and who may use the cash basis in the UK, Canada and the EU. 10 min read Accounting basics Adjusting entries explained Adjusting entries explained: accruals, deferrals, depreciation, bad debt allowances and inventory write-downs, each with numbers and the cost of forgetting it. 11 min read Accounting basics How to read financial statements How to read financial statements as a beginner: the four statements, how profit and cash link them, what to read first and five quick checks, worked in euros. 10 min read Reporting Trial balance to financial statements How double-entry posting becomes a trial balance, balance sheet and income statement, and what an ERP must get right for those numbers to hold up. 7 min read Accounting basics Inventory costing: FIFO vs weighted average FIFO vs weighted average inventory costing worked on one month of data, why IAS 2 prohibits LIFO, perpetual vs periodic, and the lower of cost and NRV rule. 10 min read Ledger design Designing a chart of accounts Designing a chart of accounts that still works in five years: dimensions rather than account proliferation, numbering, control accounts, cost of change. 17 min read