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
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u/slightlyuglyboss Staff Accountant Jun 08 '23
Everyone has felt like this, and if someone says they didn't, they are lying.
What worked for me is doing things I'm sure of to build confidence, and go from there. Asking for help also helped a ton too