Accounting System Direct

Every system tracks five core categories— Assets (what you own), Liabilities (what you owe), Equity (owner's worth), Revenue (income), and Expenses (costs).

Original records like invoices, receipts, and bank statements that provide evidence of transactions. 2. Types of Accounting Systems accounting system

A complete record of every financial transaction throughout the life of the company, categorized by account. Every system tracks five core categories— Assets (what

An organized list of all account titles used to categorize every financial transaction. Liabilities (what you owe)