Have you been looking for a business idea that’s scalable and open-ended – something you can really start from scratch? Or maybe you’ve been doing a little bookkeeping and admin work for a small business, and you’re looking to branch out?

In this quick guide, we’ll look at how double-entry bookkeeping works, and why people use this method over the alternative.

Bookkeeping and accounting are two different (but very closely related) professions. Because some of the tasks and duties overlap, they’re sometimes talked about interchangeably.