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Monthly Archives: July 2017

Segregation of Duties

This internal control concept relates to my last posting because bookkeeping falls under its guise. Segregation of duties is where the worker at the cash register is never the person who counts the drawer at the end of the day … Continue reading

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5 Bookkeeping Hacks

ALICE: To remember which accounts are debits or credits remember ALICE; Assets, Liabilities, Income, Capital (older term for Equity), and Expenses. The first and last letters, the ones on the ends – those are the debit accounts, and the ones … Continue reading

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