Publisher's Synopsis
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.
