Accounting Basics: Debits and Credits Explained

Accounting On Purpose

English - September 08, 2021 04:00 - 4 minutes - 3.06 MB
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Ready to learn some more accounting basics? Today we look at debits and credits in our debits and credits explained episode!

This accounting stuff isn’t hard when you know the basics and understanding debits and credits accounting is one of the things that any good business owner should try and wrap their head around.

Come with me as I dive into this accounting 101 series and show you how we do accounting in Australia. The principles and accounting basics in Australia are fairly standard practice but it’s always good to understand the nuances.

If you need an Australian accountant specifically for any nonprofit needs, then please reach out and I would be happy to help or point you in the right direction.

Connect with me on LinkedIn or visit our website rightsource.com.au

Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

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