Take our debit or credit quiz to check out your knowledge of credit and debit entries used in double entry bookkeeping.
Last modified December 2nd, 2019
Bookkeeping Basics
Petty Cash Reconciliation Sheet
A petty cash reconciliation form is a business accounting document which is used to carry out a reconciliation of petty cash and paid vouchers to the authorized petty cash float.
Reconciling petty cash is an important part of the internal controls of a business. The petty cash register template provides a summary of the petty cash counted by denomination, quantity and amount together will a total of paid vouchers contained within the petty cash box.
Last modified February 10th, 2023
Cash Count Sheet
A cash count sheet is used to carry out and record a physical count of the cash held by a business. It acts as a cash reconciliation sheet allowing a complete listing of all cash denominations, and highlighting any differences.
This cash count template is available for free download in PDF format.
Last modified March 10th, 2023
Control Accounts
In a small business the accounts can be kept in one accounting general ledger and a trial balance can be extracted from that ledger. In a larger business, where the transactions are too many to be managed by one person, subsidiary ledgers such as the accounts receivable ledger (sales ledger) and the accounts payable ledger (purchase ledger) will be opened.
Last modified November 10th, 2022
Accounting Errors and Corrections
Accounting errors can occur in double entry bookkeeping for a number of reasons. Accounting errors are not the same as fraud, errors happen unintentionally, whereas fraud is a deliberate and intentional attempt to falsify the bookkeeping entries. An accounting error can cause the trial balance not to balance, which is easier to spot, or the error can be such that the trial balance will still balance due to compensating bookkeeping entries, which is more difficult to identify.
Last modified November 16th, 2022
Receipt Voucher Template
Payment Voucher Template
Cash vs Accrual Accounting
Accounting Worksheet Template
This accounting worksheet template can be used to produce income statements and balance sheets from an unadjusted trial balance.
The worksheet features 10 columns, unadjusted trial balance, adjusting entries, adjusted trial balance, income statement, and balance sheet. It comes with our pre defined set of 147 account codes and account names, but these can be overwritten to suit your business if not applicable.
Last modified February 2nd, 2022
Accounting Cycle Steps
The accounting cycle is a series of steps setting out the procedures required for a typical small business to collect, record, and process its financial information.
The steps of the accounting cycle will vary from business to business and the procedures involved may change. For example, the accounting cycle for a service business will differ from the accounting cycle of a manufacturing business.
Last modified October 20th, 2022
T Accounts in Bookkeeping
T Accounts Template
T Accounts are used in double entry bookkeeping as a visual representation of accounting journal entries. Debits are recorded on the left and credits are recorded on the right. This T accounts template will enable you to quickly produce your own accounting entries to see the impact they have on your business before posting.
Last modified July 16th, 2019