Accounting doesn’t have to be a major worry for the entrepreneur.
This NatWest Business Handbook has been designed to demonstrate that accounting is not as impenetrable as it may seem. Paying someone else to fathom it out is not the only solution: this practical, easy-to-use guide shows you how to become your own book-keeping expert.
Based on his experiences in over 40 year of lecturing and consultancy work, Geoffrey Whitehead provides you with all the information you need, including:
- a list of all the simple systems of book-keeping and all the common software solutions to the small business problem
- how to chose and set up the accounting system that is right for your company
- how to find the funds to start up or expand your own business
- guidance on routine records, accounting to the Trial Balance, VAT, bank reconciliations, self-assessment, taxation, and much more.
By analysing different systems and incorporating case study examples, you will gain a clear understanding of all the areas covered. Checklists at the end of each chapter allow you to evaluate your own situation in the light of what you have just read, so that you know what steps to take and when.
Know your enterprise inside out. Become your own accounting expert.
Part of a series giving practical, easy-to-follow advice on running a small business, this book covers all aspects of bookkeeping and accounting. It advises on how to start bookkeeping records and keep them going through the first financial year. At this point the accounts (the Trading Account, Profit and Loss Account and Balance Sheet), should be ready to be submitted to the Inland Revenue. This book does not suggest that every small business needs an accountant, but it does urge that the majority of routine records should be kept by the person running the business, or someone in the family who is prepared to do the work. Various systems are mentioned, all of which may be adapted to suit the particular business in question, but without destroying the accounting principles on which the series is based.