Small Business Accounting: Teach Yourself

Summary:

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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:

• Revised by a leading finance and accounting expert from the University of Birmingham Business School.
• Built on years of success for the previous editions
• Jargon-free, it can help anyone who can read a bank statement to prepare their accounts

Table of Contents:
introduction
case studies
your bank account:
a simple cashbook;
analysis columns: layout;managing your creditors;
payments – filing: filing invoices;managing your creditors;
payments – cheque book:running totals;old cheque books
payments – cashbook:
non-allowable expenses:
purchase of equipment: scope of this chapter; recording transactions; capital allowance calculations
credit cards: scope of this chapter; how to use a credit card for business; bill paid in full; when only part of the bill is paid off; filing;notes on timing
petty cash: cheque reimbursement;imprest petty cash system
receipts – filing: cash or credit?;
receipts – paying-in book: credit business; cash business
receipts – cashbook:
capital introduced:
end of month procedures:
VAT; scope of this chapter;
wages: scope of this chapter;
end of year totals: cashbook totals;adjustment for balances brought forward;further adjustments
adjustments for payments:recording the adjustments;possible adjustments
adjustments to receipts: debtors;
transfer to tax return:
trial balance: introduction;
final accounts: adjusting payments;
budgeting and cash-flow forecasting:
costing and pricing: introduction;
computerisation: introduction;
appendix 1: ten top tips for choosing an accountant
appendix 2: jargonbuster
appendix 3: stationery list
appendix 4: recording sales of assets in a set of accounts
index

About the Author(s):
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.

Readership:
Anyone responsible for keeping books and preparing accounts

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