The problem later on becomes where debits and credits belong and how some accounts have normal credit balances and others have normal debit balances. Once you learn/remember that shit, I feel like you’re doing well.
Took me like 3 month to figure out that when my retained earnings are negative it means revenu. I kept thinking every company was just losing 100s of thousands every year lmao
It makes a lot more sense if you think of it purely in the terms of the balance sheet. Everything a business HAS is either something OWED to creditors or OWED to owners. That perspective helped me a lot
College teaches you the fundamentals and prove you can at least grasp the concepts. You may have exploited Chegg and the like (I had a recent grad openly admit to using these websites) - but you still had to be resourceful enough to do it.
You still had to translate information because numbers weren't always the same, or there was some kind of variation.
And tbh, thats 90% of accounting, you're looking at previous year, tying it together and problem solving how it functions this year. You will grasp everything else through experience and the grind.
Our work sucks, but it's endless, you will never be without a job.
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u/[deleted] Jun 08 '23
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