SBB,ME! is an Excel Based Bookkeeping Database!
“Necessity is the mother of Innovation”
The Need or Necessity comes from another reason why I built my own bookkeeping app, having Dyslexia and Post-Concussion Syndrome, was the reason for needing a way to remember the entire 1-month bookkeeping process. The terms, Debit/Credit, Accounts ‘Natural Balance’, as well as the complete monthly bookkeeping cycle, Unadjusted Trial Balance, Adjusted Trial Balance, Post-Closing Trial Balance, Income Statement, Balance Sheet, Closing Temporary Accounts, Statement of Retained Earnings, Statement of Owners Equity, and Retained Earnings.
This SBB,ME! app was Carefully, Cautiously, Meticulously, & Painstakingly, designed, programmed and built, over 6 Months of work! This whole ‘Project’ has taken a year of work, building the app, , creating a ‘Under The Hood’ & ‘Behind the Wheel’ series videos to explain and teach the app, creating two bookkeeping courses base on bookkeeping case studies, and building this, my third website.
The MS Access course taught about databases, using MS Access to build our own databases. Spent around 5 or 6 months programming SBB,ME! Using two bookkeeping case studies as a template. Researched accounting textbooks, accounting websites, YT YouTube bookkeeping videos, double and triple checking everything as I painstakingly built SBB,ME!…
Example of Researching…: RE!
Example of Researching: Retained Earnings! RE Retained Earnings is how much revenue is remaining after business expenses have been deducted, (Net Income). Seems simple, in accounting there are two separate RE Retained Earnings.
1. RE Retained Earnings ‘Accumulative’ (To Date)
The Accumulative RE is single calculation every month. The end of 1st month’s bookkeeping process had a Net Income of $2,500. The 2nd month add another $2,000, total of $4,500. This process is repeated every cycle, adding the next months Net Income, accumulating the Net Income form opening business’s 1st month, adding every months Net Income (To Date), used in corporate accounting such as Apple, MS, Ford, GM… Only a Net Loss decreases the Accumulative RE.
2. Retained Earnings (Fluid)
A fluid RE is much different. RE Retained Earning increases with Net Income. A fluid RE fluctuates similar to a business bank account. the account,
- Net Income (increases) RE
- Moving RE to an Owner’s Equity account (decreases) RE
The SBB,ME! app is not an app put together over a weekend, or for a quick buck.