Double Entry Accounting

Accounting is a different field of expertise and it takes some time to learn just the basics. Most accounting applications are difficult to use and they use the single entry accounting system, which is not very popular with accountants. If you need an efficient solution, Double Entry Accounting will meet all your demands. Like the name clearly suggests, it works on the double entry bookkeeping system. What's more, it is easier to use than most similar applications.

One of Double Entry Accounting's main advantages is the fact that it's very lightweight. It comes in a ZIP archive, which is roughly 450 KB large. There is no installation process to go through, so you can run the application, right after you extract its files.

Unlike other similar software, Double Entry Accounting provides a small and simple interface. It displays a series of text boxes, where you can insert certain details, regarding debit and credit. By default, you will find a single set of text boxes for debit and a single set for credit, but you may create new ones with a single click. New entries can be created at any time, on the same interface and you can switch from one to another with Next and Back options.

An accounting software can be a bit confusing when you run it for the first time. You also need to set up various categories and accounts. An interesting fact about Double Entry Accounting is that it comes with a good number of examples and templates. You can load a template for home, retail or service businesses, manufacturing or sole proprietorship and start working right away.

The software places numerous options at your disposal, for displaying journal entries, a T-account ledger, running balance ledger, trial balance, incoming or comparative statements and more. Most of these items are generated automatically, so you just need to create your entries and the application will do the rest. In addition, Double Entry Accounting provides a running calculator, as well as other calculators, for depreciation and payroll.