Keeping the Books: Basic Record Keeping and Accounting for the Successful Small Business

by Linda Pinson

Most entrepreneurs enter new ventures because they know something about products or retail or sales and marketing. Despite a burning passion for their new businesses, entrepreneurs will not succeed unless they learn to keep their financial records in order. While even the largest corporations can suffer from financial myopia, new business owners are especially challenged. Fortunately there are some simple principles that set the stage for success to help business owners get their arms around bookkeeping basics. Over the years, hundreds of thousands of business owners have benefited from the practical and easy-to-use concepts in Keeping the Books . In this new and updated sixth edition, financial expert and entrepreneur Linda Pinson shares a time-tested recipe for mastering record-keeping essentials. Generously illustrated with sample forms and worksheets, including up-to-date IRS forms for small businesses, this new edition provides comprehensive hands-on tools *Set up effective record-keeping systems and keep the right records. *Prepare financial statements that show where the business stands. *Analyze cash flow and important financial benchmarks with ease. *Keep adequate records to prevent tax time disasters and maximize profits. *Learn to distinguish an employee from an independent contractor. Including a business resource section and glossary of accounting terms, along with proven processes for smart financial record keeping, this one-stop guide lets even the financially challenged grasp the basics.

Genres: Business, Nonfiction, Bookkeeping, Accounting

224 pages, Paperback

First published January 1, 1993

Reviews

[Yaaresse · Rating 5 out of 5]

Probably outdated now, but was an excellent guidebook and refresher for accounting practices.

[mrsrou · Rating 5 out of 5]

Excellent basic and simple overview of business bookkeeping and accounting for a small business!

[Meredith · Rating 3 out of 5]

This seems idiot proof. It has some good examples of spread sheets/forms and a list of daily, weekly, monthly, quarterly and annual tasks. Which was what I needed, since I had no idea where to start. Onward and upward.

[Tom Smyth · Rating 4 out of 5]

solid retro accounting primer. i feel you should understand this stuff on paper or in a spreadsheet before jumping into a fancy program or handing it all of to a professional. this book will teach you.

[Reiko · Rating 2 out of 5]

I had to read this book with one eye open.

[Cara · Rating 4 out of 5]

The bookkeeping information I need for running my small business, presented as simply and clearly as possible. Not a moment too soon!

***

Yeah, I'll finish it later.

[David Kent · Rating 4 out of 5]

Good information.

[Trevor Vass · Rating 3 out of 5]

Excellent introduction to basic accounting. Explains principles in straight-forward language with good examples.

[Mae · Rating 4 out of 5]

Excellent for giving beginners and understanding into both the accounting world but also for those who are wondering how business money and recordkeeping work, now only if it was Canadian based.