Want to become an accountant? Own a small business but need help balancing your books? And worried about managing your finances under the cloud of the recession? This workbook gets you up to speed with the basics of business accounting, including reading financial reports, establishing budgets, and making financial decisions.
Fully updated for a UK audience, this workbook is the easiest way to grasp the essentials of bookkeeping, covering everything from setting up a system to managing payroll and preparing financial statements. Expert author Jane Kelly provides a step-by-step guide through financial record-keeping, offering quick tips to navigate interactive exercises and practical problems, helping you enhance your skills. Whether you're enrolled in a bookkeeping course or managing finances for a small business, this resource is your quickest path to proficiency. The content is organized into several parts: - **Exploring Bookkeeping Basics**: Learn the fundamentals, design your bookkeeping system, and create a business roadmap. - **Putting it All on Paper**: Understand the big picture, delve into journaling, and design controls for your records. - **Tracking Day-to-Day Operations**: Focus on purchasing goods, monitoring sales, and handling payroll and benefits. - **Getting Ready for Year-End**: Manage asset depreciation, handle interest payments, and ensure your books are accurate. - **Reporting Results and Starting Over**: Develop balance sheets, produce profit and loss statements, and tackle business taxes. - **The Part of Tens**: Includes checklists for cash management, accounts to monitor, and common problems to practice. This comprehensive guide is designed to help you master bookkeeping efficiently and effectively.