#financial-transactions
Financial Transactions
Record and categorize financial transactions accurately
EFT Payment: What It Is, How It Works, and When to Use It for Your Business
EFT (Electronic Funds Transfer) covers ACH, wire transfers, direct deposit, and debit card payments. Learn how each type works, what it costs ($0.20–$50 per transaction), and when to use ACH vs. wire transfers for payroll, vendor invoices, and customer collections.
The Waste Book: The Oldest Book in Accounting and Why It Still Matters
Discover the waste book, the oldest book in accounting history. Learn how colonial merchants used waste books to track daily transactions, how Isaac Newton repurposed one for calculus, and why this centuries-old concept still shapes modern bookkeeping.
Understanding Journal Entries in Beancount
Learn the fundamentals of journal entries in Beancount, including how to effectively manage debits and credits, and the role of adjusting and reversing entries in maintaining accurate financial records.