• denisdefreyne.com
  • software
  • talks
  • notes
  • cv

Double-entry bookkeeping is accounting’s law of conservation of energy

Double-entry bookkeeping confused me (especially with its credits and debits difference) until I figured that

  • income accounts are proxy for other entities that give you money (and are thus always negative).
  • expense accounts are proxy for other entities that you give money to (and are thus always positive).
Last revised:
March 2021
© 2007–2021
made in Berlin