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you know accounting software is surprisingly expensive and so you might wonder yourself why cant i just do this all in excel you know there my names philip wong im an accounting teacher and i have developed an accounting system which is developed entirely in excel im going to give it away entirely for free the download link is of course in the description now the one thing about excel is that its really easy to use its fantastic but there is a problem it thinks in well rows and it thinks in columns this makes it really easy to track income and expenses lets say that we have some business transactions here i could just hit auto sum boop and that gives me a total of five thousand dollars net change over this period but if i just have rows and columns im not really keeping track of my assets and my liabilities who what do i have in stock and who do i owe money to those sorts of things are a domain of debits and credits in full-blown double entry accounting systems and excel doesn
