Every type of company will, of course, tailor its chart of accounts, procedures, subsidiary records, etc., to meet its own operating and organizational needs and the philosophy of its management. Chart Of Accounts [COA] for petroleum exploration and producing... 

Although, in theory, the basic accounting equation can be used to prepare financial statements, virtually all firms would find that approach to be extremely cumbersome. Far more efficient processes are needed by firms that have hundreds of different assets... 

As a bookkeeper you serve as the eyes and ears of the accountant, so you have to understand the basics of accounting. In this post, I give you a brief overview of accounting basics and show you how to use that information to design a bookkeeping system....