Small Business Accounting: The Jargon-Free Guide to Accounts, Budgets and Forecasts

Do you need a straightforward and reliable system for record-keeping?Small Business Accounting is for small business owners and managers with no knowledge of - or detailed interest in - book-keeping andaccountancy. The simple single entry book-keeping system explained here isfor real businesses that need a straightforward, understandableand reliable system for record-keeping. It can be used by thesmallest of businesses operating part-time, as well as full timeventures, and by those who have no aptitude for figures.Provided you can more or less understand what a bankstatement means, you can understand the record-keeping systemoutlined here.Intended primarily for sole traders and assuming no prior knowledge of business records and accounts, the book uses practical examples of real businesses to show, step-by-step, how to record typical business transactions. The system will ensure that you can produce a complete and correct set of books for your business as well as providing guidance for completing your annual tax return.· Designed for sole traders and small partnerships· Practical not theoretical · Includes case studies so you can see the system in use· Build the confidence to handle basic and more complex transactions· Move on to VAT, your tax return, cash flow forecasts and more at your own pace 'A clear, lucid guide to a field that for the first timer can be baffling and time consuming... a must for every sole proprietor' Independent Andy Lymer is a Professor of Accounting and Taxation at the University of Birmingham. He also heads up Lymer & Associates, undertaking numerous education, consultancy and publishing projects.