Book-keeping and Accounts is aimed at new entrepreneurs. By following the cycle of events a typical new business follows, it gives the reader the basic knowledge of what needs to be done and how to do it. Examples, in plain English throughout, will explain topics as required. The inclusion of an appendix with sample of accounting software screens and perhaps some Excel sheets increase the value of the book.
The reader will understand how to prepare a basic business plan from an accounting perspective, converse at a basic level with accountants and comprehend and analysis basic accounting information.
By following the cycle of event taken by an upcoming entrepreneur, the text will relate easily to this audience. The inclusion of software/spreadsheets will enhance the text and encourage readers to engage.
Product Description
Book-keeping and Accounts is an ideal book for first-time or relatively novel entrepreneurs. It follows the cycle of events of a typical new business venture from an accounting view.
After a grounding in some fundamental accounting concepts and terms, the reader is guided on the accounting elements of a business plan and sources of finance for a business venture. Basic book-keeping is then explained and this leads into the preparation of key financial statements - the income statement, balance sheet and cash flow statement. Finally, guidance on how to analyse accounts and value a business is given, both of which are particularly relevant to the entrepreneur who is ready to move on to the next venture or expand an existing one.
Examples in plain English throughout the book explain key book-keeping and accounting topics. Additionally, QuickBooks accounting software is used in several chapters to augment these examples and expose the benefits of accounting software to a busy entrepreneur.
Backcover
Mastering book-keeping and accounts is critical to the success of any business.
But you dont have to be an expert to manage your companys finances. Read Book-keeping and Accounts For Entrepreneurs to learn all the tricks and tips from an expert to ensure your business flies find out how to:
Master finance essentials
Apply the essentials to your business now
Prepare and present impressive business plans
Track costs to maximise profits
Analyse and value your business to boost its success
For Entrepreneurs
Whether you are just getting started or want to grow your business, whether you want to be a skilled marketer or sales person, or just want to get your finances under control, there is a For Entrepreneurs book just for you.
· No jargon, no theory just practical advice you can implement today
· Written by expert entrepreneurs for entrepreneurs
· Full online support templates, blogs, videos and much more
· Tips, tricks and examples to keep you way ahead of the competition
Chapter 1 Accounting fundamentals
The nature, purpose and role of accounting
Branches of accounting
Accounting terms assets, liabilities, income, expenditure etc
Basic concepts the business entity, underlying assumptions, accounting equation
Users of accounting information and their needs to include qualitative characteristics
Chapter 2 The business plan- Preparing a plan to present to a bank/financier
Appreciation of costs and cost structures
The concept of breakeven
The basics of budgeting and planning
Chapter 3 Financing
Sources of finance
Financing options, costs, advantages/disadvantages
Chapter 4 Keeping the books
Source documents and records
Books of original entry
Computerised entry
Chapter 5 Double entry accounting system
Principles of the double-entry system
Nominal and personal ledgers
Control accounts explanation and purpose
The trial balance preparation and purpose
Chapter 6 Income statement and Balance Sheet (sole trader)
Preparation of basic income statement and balance sheet from trial balance
Would introduce revenues, expenditures, accruals, depreciation, stock valuation
Layout of the financial statements
Chapter 7 Accounts of limited companies
Differences, additional requirements
Chapter 8 Cash Flow Statement
Preparation of a cash flow statement
Chapter 9 Interpretation of financial statements
Need to interpret accounts
Usefulness and application of ratio analysis
Main accounting ratios; relationships between ratios
Chapter 10 valuation of companies
Book v market value
Some simple valuation methods
Book-keeping and Accounts is an ideal book for first-time or relatively novel entrepreneurs. It follows the cycle of events of a typical new business venture from an accounting view.
After a grounding in some fundamental accounting concepts and terms, the reader is guided on the accounting elements of a business plan and sources of finance for a business venture. Basic book-keeping is then explained and this leads into the preparation of key financial statements - the income statement, balance sheet and cash flow statement. Finally, guidance on how to analyse accounts and value a business is given, both of which are particularly relevant to the entrepreneur who is ready to move on to the next venture or expand an existing one.
Examples in plain English throughout the book explain key book-keeping and accounting topics. Additionally, QuickBooks accounting software is used in several chapters to augment these examples and expose the benefits of accounting software to a busy entrepreneur.
The reader will understand how to prepare a basic business plan from an accounting perspective, converse at a basic level with accountants and comprehend and analysis basic accounting information.
By following the cycle of event taken by an upcoming entrepreneur, the text will relate easily to this audience. The inclusion of software/spreadsheets will enhance the text and encourage readers to engage.
Product Description
Book-keeping and Accounts is an ideal book for first-time or relatively novel entrepreneurs. It follows the cycle of events of a typical new business venture from an accounting view.
After a grounding in some fundamental accounting concepts and terms, the reader is guided on the accounting elements of a business plan and sources of finance for a business venture. Basic book-keeping is then explained and this leads into the preparation of key financial statements - the income statement, balance sheet and cash flow statement. Finally, guidance on how to analyse accounts and value a business is given, both of which are particularly relevant to the entrepreneur who is ready to move on to the next venture or expand an existing one.
Examples in plain English throughout the book explain key book-keeping and accounting topics. Additionally, QuickBooks accounting software is used in several chapters to augment these examples and expose the benefits of accounting software to a busy entrepreneur.
Backcover
Mastering book-keeping and accounts is critical to the success of any business.
But you dont have to be an expert to manage your companys finances. Read Book-keeping and Accounts For Entrepreneurs to learn all the tricks and tips from an expert to ensure your business flies find out how to:
Master finance essentials
Apply the essentials to your business now
Prepare and present impressive business plans
Track costs to maximise profits
Analyse and value your business to boost its success
For Entrepreneurs
Whether you are just getting started or want to grow your business, whether you want to be a skilled marketer or sales person, or just want to get your finances under control, there is a For Entrepreneurs book just for you.
· No jargon, no theory just practical advice you can implement today
· Written by expert entrepreneurs for entrepreneurs
· Full online support templates, blogs, videos and much more
· Tips, tricks and examples to keep you way ahead of the competition
Chapter 1 Accounting fundamentals
The nature, purpose and role of accounting
Branches of accounting
Accounting terms assets, liabilities, income, expenditure etc
Basic concepts the business entity, underlying assumptions, accounting equation
Users of accounting information and their needs to include qualitative characteristics
Chapter 2 The business plan- Preparing a plan to present to a bank/financier
Appreciation of costs and cost structures
The concept of breakeven
The basics of budgeting and planning
Chapter 3 Financing
Sources of finance
Financing options, costs, advantages/disadvantages
Chapter 4 Keeping the books
Source documents and records
Books of original entry
Computerised entry
Chapter 5 Double entry accounting system
Principles of the double-entry system
Nominal and personal ledgers
Control accounts explanation and purpose
The trial balance preparation and purpose
Chapter 6 Income statement and Balance Sheet (sole trader)
Preparation of basic income statement and balance sheet from trial balance
Would introduce revenues, expenditures, accruals, depreciation, stock valuation
Layout of the financial statements
Chapter 7 Accounts of limited companies
Differences, additional requirements
Chapter 8 Cash Flow Statement
Preparation of a cash flow statement
Chapter 9 Interpretation of financial statements
Need to interpret accounts
Usefulness and application of ratio analysis
Main accounting ratios; relationships between ratios
Chapter 10 valuation of companies
Book v market value
Some simple valuation methods
Book-keeping and Accounts is an ideal book for first-time or relatively novel entrepreneurs. It follows the cycle of events of a typical new business venture from an accounting view.
After a grounding in some fundamental accounting concepts and terms, the reader is guided on the accounting elements of a business plan and sources of finance for a business venture. Basic book-keeping is then explained and this leads into the preparation of key financial statements - the income statement, balance sheet and cash flow statement. Finally, guidance on how to analyse accounts and value a business is given, both of which are particularly relevant to the entrepreneur who is ready to move on to the next venture or expand an existing one.
Examples in plain English throughout the book explain key book-keeping and accounting topics. Additionally, QuickBooks accounting software is used in several chapters to augment these examples and expose the benefits of accounting software to a busy entrepreneur.







