Do you know that you don’t need a commerce education to prepare your first Balance Sheet ? Do you know that in a software like Tally.ERP 9, ou don’t need to create a Balance Sheet ? Because Tally will do that for you. Here in this article, I will teach how to create your first Balance Sheet even if you never learned Commerce or whatever your educational background is
Without understanding basic rules of accounts, doing accounting work on an accounting software is a risky business.
An understanding of basic of an accounting software always help to become an expert of an accounting software. Expenses and income affect the balance sheet and books of account in dual way. Learn the basic understanding how an expenses will impact your balance sheet and income statement
learn some basic rules of accounting entries before you start learning a professional course like tally. basic rules of debit and credit must be understand properly otherwise you will mesh up your entire accounting data. learn what is basic requirements to pass an accounting entry.