Actions for Small business accounting
Small business accounting / by David Lloyd
- Author
- Lloyd, David
- Published
- London : Teach Yourself, 2010.
- Physical Description
- 1 online resource (xvi, 222 pages)
Access Online
- Contents
- Cover -- Book title -- Contents -- Meet the author -- Only got a minute? -- Only got five minutes? -- 1 Introduction -- Who this book is aimed at -- Case studies -- Why this book is different and how to use it -- 2 Your bank account -- Why you need a business bank account -- Case studies -- Bank statements and how to read them -- Internet banking -- 3 A simple cashbook -- Hardip Singh's simple cashbook -- Ben Martin's cashbook -- When to update the cashbook -- Cashbook analysis -- 4 Analysis columns -- Layout -- Expense categories -- 5 Payments -- filing -- Filing invoices -- Managing your creditors -- Supplier statements -- No invoices -- 6 Payments -- cheque-book -- The importance of payment details -- Missing details -- Old cheque-books -- 7 Payments -- cashbook -- Buying a cashbook -- Heading up the cashbook -- Writing up the cashbook -- 8 Non-allowable expenses -- The 'wholly and exclusively' rule -- Revenue expenditure versus capital expenditure -- Loans -- Leases and hire purchase -- Motor expenses -- Subscriptions -- Entertainment -- Hotels and subsistence -- Travel -- Allowable expenses -- 9 Purchase of equipment -- Recording transactions -- Capital allowance calculations -- 10 Credit cards -- 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 -- 11 Petty cash -- Cheque reimbursement -- Imprest petty cash system -- 12 Receipts -- filing -- Cash or credit? -- Credit-based business -- Credit management -- Cash businesses -- 13 Receipts -- paying-in book -- Credit business -- Cash business -- 14 Receipts -- cashbook -- Cashbook headings -- Using the receipts columns -- Narrative -- 15 Capital introduced -- Simple introduction of capital -- More complex transactions -- Loans -- Equipment introduced -- Items not treated as capital introduced -- 16 End of month procedures. and Reconciliation -- Errors -- 17 VAT -- Brief overview of VAT -- Accounting principles -- Cashbook entries -- payments -- Cashbook entries -- receipts -- End of quarter -- Flat-rate scheme -- 18 Wages -- Employed or self-employed? -- Consequences of employee status -- Bureaucracy of employment -- 19 End of year totals -- Cashbook totals -- Adjustment for balances brought forward -- Further adjustments -- 20 Adjustments for payments -- General principles -- Cost of sales -- Other adjustments -- Recording the adjustments -- Possible adjustments -- 21 Adjustments to receipts -- Debtors -- Work in progress -- 22 Transfer to tax return -- Self-assessment tax return -- Income and expenditure schedule -- 23 Trial balance -- Profit and loss versus balance sheet -- Trial balance -- 24 Final accounts -- Adjusting payments -- Other adjustments -- Final accounts -- 25 Budgeting and cash-flow forecasting -- Budgeting -- Layout of a budget -- Cash-flow forecasting -- 26 Costing and pricing -- Costing -- Pricing -- 27 Computerization -- Spreadsheets -- Accounting packages -- Back-ups -- Internet -- Appendices -- 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 -- A -- B -- C -- D -- E -- F -- G -- H -- I -- L -- M -- N -- O -- P -- R -- S -- T -- U -- V -- W -- Z.
- Summary
- 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. NOT GOT MUCH TIME?One, five and ten-minute introductions to key principles to get you started. AUTHOR INSIGHTSLots of instant help with common problems and quick tips for success, based on the author's many years of experience. TEST YOURSELFTests in the book and online to keep track of your progress. EXTEND YOUR KNOWLEDGEExtra online articles at www.teachyourself.com to give you a richer understanding of small business accounting. FIVE THINGS TO REMEMBERQuick refreshers to help you remember the key facts. TRY THISInnovative exercises illustrate what you've learnt and how to use it.
- Subject(s)
- ISBN
- 9781444125047 (electronic bk.)
1444125044 (electronic bk.)
9781444100242
1444100246
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