By Peter Taylor
"Managing Your Buisness debts" presents a step by step consultant for the small enterprise to hold out double-entry book-keeping and accounting approaches. themes comprise getting begun, accounting for VAT, double-entry book-keeping, doing the wages, taxation and working with specialist advisers.
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Extra resources for Managing Your Business Accounts: How to Keep the Books and Maintain Financial Control Over Your Business (Small Business)
Each month check out the amounts received and paid against your statements (see below) and add them up (see Figure 2). Then record the difference between your receipts and payments. This represents the amount of money that the business has in its bank account. If the receipts (including the balance brought forward from the previous month) exceed the payments, then you have cash at the bank; in this case the balance should be 'carried down' as shown. If on the other hand your payments exceed the receipts then you'll have a bank overdraft and the balance should be entered at the start of the payments column for the following month.
It will only become a chore and the bookkeeping will soon become counter-productive. We'll start with the very smallest business and watch it grow. The business of some readers may have already passed this stage but it will still be useful to read this as we introduce the basic bookkeeping principles. The suggested routines should be enough for most small businesses and you should use those parts that apply to your business. Some businesses will need to develop their records in a slightly different order, and so you may have to tailor things accordingly.
Title : author : publisher : isbn10 | asin : print isbn13 : ebook isbn13 : language : subject publication date : lcc : ddc : subject : Page 1 Managing Your Business Accounts Page 2 Books to change your life and work. Accessible, easy to read and easy to act on other titles in the How To series include: Starting Your Own Business How to plan and create a successful enterprise Mastering Book-Keeping A practical step-by-step guide Cash Flows and Budgeting Made Easy How to set and monitor financial targets in any organisation Preparing a Business Plan How to lay the right foundations for business success Taking Up a Franchise How to buy and run a successful franchised business The How To series now contains around 200 titles in the following categories: Business & Management Computer Basics General Reference Jobs & Careers Living & Working Abroad Personal Finance Self-Development Small Business Student Handbooks Successful Writing Send for a free copy of the latest catalogue to: How To Books Customer Services Dept.