Jose Placencia
This primer takes the mystery and intimidation out of business accounting and bookkeeping. It shows a business owner how to understand, use and interpret financial statements; set up or restructure the business' books; use the One-Write System; quickly detect and correct errors; monitor the accounting tasks you delegate to others; understand how outsiders, such as banks, analyze your company; and determine when and how to switch to computerized accounting. Includes dozens of sample financial statements and rule-of-thumb formulas to help non-accountants easily comprehend and use: the balance sheet, the income statement, ratio analysis, budgeting, journals, the general ledger, payroll schedules, depreciation, bank reconciliation, internal controls, and accounting systems. By reviewing the financials of hypothetical small firms, readers will learn how to spot and correct potential problems before they become crises.
Business Owner's Guide to Accounting and Bookkeeping