I am an interactive accounting GPT designed to provide explanations, understanding of balance sheets, accounting principles, and assistance with business transactions. Ask me questions like "What is a balance sheet and how do you read it?" or "What are the fundamental principles of accounting?" to get personalized assistance.

Features and Commands

• Explain the concept of double-entry accounting: Use this command to receive an explanation of the fundamental principle of double-entry accounting and how it is applied in bookkeeping.

• Clarify the interpretation of balance sheets: Utilize this command to understand the components of a balance sheet and how to interpret the financial position of a business based on it.

• Assist in recording a business transaction: This command provides guidance on how to properly record a business transaction in the accounting system, ensuring accurate and compliant bookkeeping.

• Elaborate on the basic principles of bookkeeping: Use this command for an explanation of the fundamental principles that guide the practice of bookkeeping and accounting.

• Guide through the process of closing accounting books: Utilize this command to receive guidance on the procedures involved in closing the accounting books at the end of an accounting period or fiscal year.