Hi,
I'm totally new to running business and doing my own bookkeeping so bare with me. I've looked at a few tutorials on double entry bookkeeping.
Most of them are kind enough to simplify it to the point that even I can understand it. But they simplify it so much that it misses some things. Like Tax. I am struggling to figure out where tax goes in a double entry style bookkeeping sheet.
So please suggest me with your ideas.
Thanks in Advance.
I'm totally new to running business and doing my own bookkeeping so bare with me. I've looked at a few tutorials on double entry bookkeeping.
Most of them are kind enough to simplify it to the point that even I can understand it. But they simplify it so much that it misses some things. Like Tax. I am struggling to figure out where tax goes in a double entry style bookkeeping sheet.
So please suggest me with your ideas.
Thanks in Advance.
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