A basic accounting system includes two types of entries for any transaction. However, various styles and processes can blur these distinctions. For instance, some businesses might only keep a journal (similar to a register for a checking account) and create balance statements and other reports directly from this. Other businesses have detailed record keeping and run multiple complex reports. Based on the type of accounting system you use, you might use a certain posting style.

Electronic accounting programs and software can automate the accounting process for you through integration and posting. In Denali, all the information is stored directly in a database that can be accessed to run reports. The software mimics an accounting model by using a double-entry system, which is a standard accounting method.