".... For the government and banks, the basic legal process of creating money is the same - with a contract that creates new money with legal conditions for how it is to be used, and for how the contract is to be fulfilled...."
#MoneyCreation #DoubleEntry
dougaldlamont.substack.com/p/modernizin...
".... unless you get double-entry, you cannot understand money or the economy. It really is that straightforward...."
#DoubleEntry #MoneyCreation #Debt #Money
www.taxresearch.org.uk/Blog/2026/01...
Debits and Credits got you mixed up? 😵💫
✅ Here's a fun little guide to keep you on track!
👉 Got questions about how this applies to your business? Drop a comment or DM me!
#DebitsAndCredits #BookkeepingBasics #DoubleEntry #FinancialLiteracy #SmallBizFinance #EntrepreneurTips #bookkeeping
www.manyvids.com/Video/250356... #anal #doubleentry #dildofucking #assfucked #glassdildo #englishmilf #britishmilf #bigass #bigarse #bigarsemilf #sluttymilf #slutmilf #UKPorn #BritPorn #BritMilfs #Manyvids
Complex #DoubleEntry #accounting shows that exports are a real cost because resources are sent abroad, while imports provide real benefit. Exporting primarily finances needed imports.
#MMT #Economics #Trade #Policy #BalanceSheet
#StoneworkSunday
#Malachite #Stone #Doors in #Mexico, quarried from Russia's Ural Mountains.
#Chapultelpec
#Castle
#DoubleEntry
#Historic
#Treasure
From Mesopotamian clay tablets to Excel formulas, the history of accounting spans continents and civilisations.
youtu.be/-cksj60qjrI
#AccountingHistory #Accounting #CPD #Accountants #LucaPacioli #DoubleEntry #Finance #Accounting #Accountancy #Accountant #History
You land a freelance project worth $10,000.
The client pays $1,000 upfront.
🧾 Regular bookkeeping:
→ Records $1,000 as income.
But is it really income yet?
Not quite — the project could change or get canceled.
(Thread 👇)
#bookkeeping #freelancelife #doubleentry #accounting
How? With that #DoubleEntry magic! ✨
When a bank approves your loan:
➡️ Bank's Assets go UP (the loan you owe them) ↑
➡️ Bank's Liabilities go UP (the money in your account) ↑
It balances! And poof new money exists. 🏦➡️👤💸
Got a $2,000 deposit refund after moving out?
It’s not income—it’s your own money returning.
In #DoubleEntry:
💰 Cash +$2,000
📉 Security Deposit –$2,000
➡️ Asset swap, not a gain.
How would you record it?
Sold something for $1,000 on an e-commerce platform,
but the payout takes 7 days?
📒 Simple bookkeeping: does nothing.
📒 Double-entry bookkeeping:
$1,000 in assets (accounts receivable)
$1,000 in income (sales)
✅ You won’t forget there’s money on the way.
#DoubleEntry
📘 Regular bookkeeping:
➖ Expense $5,000 / Income $5,000 ❌
📗 Double-entry bookkeeping:
✔️ Decrease liability (credit card) $5,000
✔️ Increase liability (mortgage) $5,000
Track your money flow, not just cash flow. 💼🔄
#DoubleEntry #Bookkeeping #PersonalFinance
⭐Twitch: twitch.tv/officialr3dg... twitch.tv/instantgamin...
⭐Instagram: instagram.com/instantgamin...
#InstagramGiveaway #FacebookGiveaway #InstantGaming #R3DGaming #InstantGamingGiveaway #R3DGamingGiveaway #FollowToWin #FollowForEntry #DoubleEntry #ClickTheLink #HeadOverTo