United States
Staffed with 100% US Employees

Complete Guide to Double-Entry Bookkeeping

October 23, 2015 by OSYB Staff

Double-entry bookkeeping is the concept that every transaction will involve at least two accounts, if not more. If a company takes out a loan, for example, its cash account will increase with the funds from that loan, but its liability account will also increase under the account category, known as loans payable. 

Related Posts