How to Run a Successful End-of-Season Sale
Clear out slow-moving stock profitably with a well-planned seasonal sale.
06 Jul 2026
16
What Is Double-Entry Bookkeeping?
Every transaction affects at least two accounts — a debit and a credit — keeping your books balanced at all times.
A Simple Example
When you sell goods for cash, "Cash" increases (debit) and "Sales Revenue" increases (credit). The two sides always match.
Why It Matters
Double-entry bookkeeping makes it possible to generate accurate Profit & Loss statements and Balance Sheets — both built into ElevenPOS automatically as you record sales and expenses.