Description

Accounting isn’t just about noting down cash. To get a true picture of profit and business value, the world uses the Double-Entry System. Royal Accounts automates the hard math, but you need to understand the basic rule:

Every transaction has two sides. If money goes out of your pocket, it must be going into somewhere else (like an expense folder). If you pay $50 for internet, your Cash loses $50 (Credit), and your Internet Expense gains $50 (Debit). Money is never created or destroyed; it just moves from one ledger to another.