| Account Type | What is it? | Debit (Debet) | Credit (Credit) | | :--- | :--- | :--- | :--- | | (What you own) | Bank, cash, inventory, laptop | Increases (+) | Decreases (-) | | Liabilities (What you owe) | Loans, VAT owed, creditors | Decreases (-) | Increases (+) | | Equity (Owner's stake) | Capital, retained profit | Decreases (-) | Increases (+) | | Income (Sales) | Invoices sent to customers | Decreases (-) | Increases (+) | | Expenses (Costs) | Rent, fuel, marketing | Increases (+) | Decreases (-) |
Then pay a bookkeeper for 2 hours to set up your chart of accounts. Then you just fill in the blanks. That's not cheating; that's smart business. boekhouden voor dummies
Disclaimer: This guide is for educational purposes. Always consult a qualified accountant for your specific tax situation in NL or BE. | Account Type | What is it