Publisher's Synopsis
This book takes a look at how bookkeeping can help improve your business by helping you to decrease expenses and increase profit. Bookkeeping is a simple yet complex recording of each transaction within your business. Despite the awareness of what bookkeeping is and the fact that it has been around for hundreds of years, many business owners still remain negligent in taking proper account of their transactions. Even when they do make records of these transactions, many fail to use the correct methods or do so with a rather lackadaisical attitude.In this book, you'll be learning the importance of bookkeeping and accounting. Embedded in this book are some examples of basic and complex methods for both small scale and big scale businesses. With such understanding of the principles of bookkeeping, you will be privileged with the knowledge to make your business not only a success, but attractive to investors.We'll shed light on the use of software for bookkeeping and how understanding the basics and manual input of its various methods will help you appreciate the development of software for the purpose of bookkeeping.The knowledge of the bookkeeping process will enable you to make sound decisions that will improve your business when you have financial statements and other account records at your disposal.In this book you will learn:
- The importance of basic bookkeeping
- Difference between bookkeeping and accounting
- The cash vs. accrual method
- Single entry vs. double entry method
- The importance of a financial statement
- How to protect yourself from thieves and fraud
- How to save money
- How to make your business more appealing to investors
- The importance of a balance sheet
- And much more!
