Small Business Accounting

Product Description Is this the right book for me? A jargon-free guide for the small business owner or manager Small Business Accounting is a jargon-free joy for the small business owner or manager, providing practical examples of real businesses to show the reader, step by step, how to record each transaction. This book does not assume that you know anything at all about business records and accounts and gives a system for real businesses to be operated by real business people who want a simple, easy and, above all, quick system of book keeping. Forget about debits and credits, journal entries, ledgers and day books. If you can read a bank statement this book will teach you how to prepare accounts, make cashflow forecasts and prepare a budget. And when you do need to use an accountant, it tells you how best to find a reliable one. Small Business Accounting includes: Chapter 1: Introduction Chapter 2: Your bank account Chapter 3: A simple cashbook Chapter 4: Analysis columns Chapter 5: Payments - filing Chapter 6: Payments - cheque-book Chapter 7: Payments - cashbook Chapter 8: Non-allowable expenses Chapter 9: Purchase of equipment Chapter 10: Credit cards Chapter 11: Petty cash Chapter 12: Receipts - filing Chapter 13: Receipts - paying-in book Chapter 14: Receipts - cashbook Chapter 15: Capital introduced Chapter 16: End of month procedures Chapter 17: VAT Chapter 18: Wages Chapter 19: End of year totals Chapter 20: Adjustments for payments Chapter 21: Adjustments to receipts Chapter 22: Transfer to tax return Chapter 23: Trial balance Chapter 24: Final accounts Chapter 25: Budgeting and cash-flow forecasting Chapter 26: Costing and pricing Chapter 27: Computerization Book Description Bang up to date and practical information that you can't afford to be without. From the Back Cover Do you need a straightforward and reliable system for record-keeping? Small Business Accounting is for small business owners and managers with no knowledge of - or detailed interest in - book-keeping and accountancy. The simple single entry book-keeping system explained here is for real businesses that need a straightforward, understandable and reliable system for record-keeping. It can be used by the smallest of businesses operating part-time, as well as full time ventures, and by those who have no aptitude for figures. Provided you can more or less understand what a bank statement means, you can understand the record-keeping system outlined here. Intended primarily for sole traders and assuming no prior knowledge of business records and accounts, the book uses practical examples of real businesses to show, step-by-step, how to record typical business transactions. The system will ensure that you can produce a complete and correct set of books for your business as well as providing guidance for completing your annual tax return. · Designed for sole traders and small partnerships · Practical not theoretical · Includes case studies so you can see the system in use · Build the confidence to handle basic and more complex transactions · Move on to VAT, your tax return, cash flow forecasts and more at your own pace 'A clear, lucid guide to a field that for the first timer can be baffling and time consuming... a must for every sole proprietor' Independent Andy Lymer is a Professor of Accounting and Taxation at the University of Birmingham. He also heads up Lymer & Associates, undertaking numerous education, consultancy and publishing projects. About the Author Andy Lymer is Head of Department of Accounting and Finance at University of Birmingham. He also heads up Lymer & Associates, undertaking numerous research, consultancy and publishing projects.