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Learn the basics of small business bookkeeping, even if you consider yourself "financially challenged." Despite a burning passion for your new business, you won't succeed as an entrepreneur unless you learn to keep your financial records in order. Fortunately, this book will provide you with the simple principles that will help you get your arms around bookkeeping basics and set the stage for your company's success. Over the years, hundreds of thousands of business owners have benefited from the practical and easy-to-use concepts in Keeping the Books. In this new sixth edition, business-planning expert Linda Pinson shares a time-tested recipe for mastering recordkeeping essentials. Generously illustrated with sample forms and worksheets, including up-to-date IRS forms for small business, Keeping the Books provides a comprehensive hands on tool that will help you: * Set up an effective bookkeeping system and keep the right records. * Prepare projected and historical financial statements that show where your business is headed and where it stands at any given time. * Analyze cash flow and develop important financial benchmarks with ease. * Maintain records required to prevent tax time disasters and maximize profits. Keeping the Books also includes a business resource section and glossary of accounting terms in addition to its proven processes for smart financial bookkeeping.Pinson, Linda is the author of 'Keeping the Books Basic Record Keeping and Accounting for the Successful Small Business', published 2004 under ISBN 9780793179299 and ISBN 0793179297.
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... financial reference tool is completely updated, Bookkeeping refers mainly to the record-keeping aspects of accounting ... Five Bookkeeping Tips for Business Owners ... . Bookkeeping is essentially the accounting process (some would say the drudgery) of recording all the information regarding the transactions and financial activities of a business. What follows is a basic overview of what bookkeeping for a small business entails: Prepare source documents for all transactions, operations, […] Bookkeeping begins with setting up each necessary account so you can record transactions in the appropriate categories. You likely won't have the same exact accounts as the business next door, but many accounts are common. The table bel ... Book Review: Keeping the Books | Record-Keeping & Accounting ... . You likely won't have the same exact accounts as the business next door, but many accounts are common. The table below shows some frequently used small-business accounts and their types. Accounts payable. Accounts receivable. You can keep records electronically or in paper form. The ATO recommends that businesses use electronic record keeping if possible, as they are progressively moving towards electronic reporting for tax and super obligations. Keeping your records electronically should make some tasks easier and save you time once you have your system set up. "Keeping The Books: Basic Record-Keeping and Accounting For The Small Business" by Linda Pinson and Jerry Jinnett is an excellent introduction to record-keeping and accounting for small business owners. The book does a solid job introducing record-keeping. It discusses the:General Journal General Ledger Petty Cash Record Inventory Records Fixed ... Keeping the Books: Basic Recordkeeping and Accounting for the Successful Small Business by Linda Pinson and Jerry Jinnett is an excellent introduction to record-keeping and accounting for small business owners.. The book does a solid job introducing record-keeping. It discusses the: A Beginners Guide to Small Business Bookkeeping . By QuickBooks Canada Team 18 min read. Try QuickBooks Free. Accurate, up-to-date bookkeeping is the backbone of any successful small business. No matter what type of business you operate, an understanding of bookkeeping best practices is essential for keeping your business running smoothly, now and in the future. If learning the ropes of small ... When it c...