New Accounting Platform

  Traditionally, accounting has been a difficult subject for new learners. Accounting has also been complex for financial users, especially those who are non-accountants. It is greatly beneficial for financial users to understand their financial statements fully. This allows them to manage their assets, liabilities, and financial condition more effectively. 

This accounting platform unravels accounting transactions' complexity by changing the use from debits and credits to increases and decreases. The foundation for this method is the trial balance. The method uses the underlying equation of the trial balance as the springboard for all transactions. The trial balance equation presents accounting categories in the normal form, and the transactions are journalized to the normal equation.  

The method proposed in this research paper contributes to accounting and accounting and business education in two ways:

• Firstly, it provides a method to record transactions that avoid the confusion of traditional nomenclature (i.e., "debits" and "credits").  Instead, simple increases and decreases are used for the changes in the accounts. This makes the booking of transactions much more intuitive. 
• Secondly, the approach uses one equation for permanent and temporary accounts. Therefore, the transactions that are affecting the temporary components are also readily explained in the permanent components in real time.  This is done without waiting to close the books.