Balancing the Books: Understanding Double-Entry Accounting

In this inaugural episode of "The Accounting & Bookkeeping Show," hosts Jane and Tom dive into the essential principles of double-entry accounting. Whether you're new to accounting or looking to refresh your knowledge, this episode breaks down the basics of debits and credits, explores the structure of ledger accounts, and explains the importance of maintaining a balanced trial balance. Jane and Tom guide you through real-world examples, practical tips, and common pitfalls to avoid. By the end of the episode, you'll have a solid understanding of how double-entry accounting forms the backbone of accurate and reliable financial reporting. Tune in and get ready to balance the books with confidence!