All the financial accounting a small business will ever need Owning and running a small business can be complicated. On top of developing, marketing and selling your product or service, you've got to be prepared to handle the money that s coming in, pay your employees, track expenditures, consider your stock options, and much more. Accounting for Small Business Owners coAll the financial accounting a small business will ever need Owning and running a small business can be complicated. On top of developing, marketing and selling your product or service, you've got to be prepared to handle the money that s coming in, pay your employees, track expenditures, consider your stock options, and much more. Accounting for Small Business Owners covers the entire process of establishing solid accounting for your business and common financial scenarios, and will show you how to: Set up and run your business Manage and sell your product or service Perform a month-end balancing of accountsPacked with definitions of basic accounting terms, sample accounting statements, and a wealth of tips and tricks to simplify the accounting process, Accounting for Small Business Owners has everything you need to get the job done! "...
|Title||:||Accounting for Small Business Owners|
|Format Type||:||Kindle Edition|
|Number of Pages||:||124 Pages|
|Status||:||Available For Download|
|Last checked||:||21 Minutes ago!|
Accounting for Small Business Owners Reviews
Awful! I have a business background, but am working on a small business now, so wanted a quick refresher. This is NOT the answer. First, when you create a book that is supposed to be teaching a subject (in this case accounting) you need to actually proofread your math. There were multiple examples in this book where the numbers were incorrect. I don't know if the authors had calculation errors, or typos. Whatever the reason, the result was incorrect numbers in what is basically a math book. Second, in an effort to simply some concepts, the authors oversimplified to the point of not being accurate. Example: comparing income statements for three locations, each location had a different revenue. The authors asserted that the location with the largest revenue must be the largest physically. ????? Anyone who has visited a retail location in NYC can tell you that revenue is NOT directly proportional to floor space. This is just one example of teaching people to draw conclusions that are not based on fact. And that is a TERRIBLY dangerous pattern when it comes to creating and using financial statements.Finally, some of the most basic principles were glossed over. Double-entry was a side note (hello, that is the basis for accounting). Revenue and Expense accounts were mentioned, but never fully explained when in comes to the Accounting Equation or double-entry. If I hadn't had accounting in my past, I would have been completely lost.To summarize, this book was not at all helpful. Don't waste your time or money. Pick up a real accounting book, or go hit the "dummies" section of the book store instead.
This book covers some accounting basics in a clear and straightforward way. It classifies businesses into three types, service, manufacturing, and wholesale/retail.Unfortunately, our household businesses don't fit that model, being more along the lines of entertainment and intellectual property, so a lot of the big questions I had remain unanswered. It's worth a skim, but I'm glad I got it out of the library instead of buying it.
This is not my natural habitat. I appreciate the simple explanations, but I think I still need to sit down with a professional.
This was legitimately helpful and understandable to me. This book really breaks down every step of the accounting process for small business owners, providing illustrations for every single step.
Running a successful businessI found this book very interesting, and very useful. If you are starting a small business, this book is a great resource. It starts by explaining to you in simple terms what accounting is, and defines accounting terms. Then it tells you what an accountant does for a small business. It explains the types of businesses there are and their financial requirements. It goes on to give you an in depth explanation of balance sheets, income statements, statements of cash flows, and examples to show you how they work. The book explains how to keep your books, set up payroll, and order equipment. There's a detailed explanation of employee benefits, borrowing, the costs of running a business, inventory, managing payroll and much much more. This book really gives an in depth look at everything you need to run a business.
Always love "learning by doing" books. Describing accounting even better than our book in high school years ago. Using layman language, it's even easier to digest than investopedia.comI'm just a bit concerned that they don't try to even out debit/credit sides in balance sheets chapter 4. If the account receivables of $10,000 only costed $7,000 in inventory they should put $3,000 right away in retained earnings (table 23). But they don't, and even so throughout the chapter.
Good basic bookI liked this book. If you've had accounting classes, some of this should be a review for you. They say you should be able to set up your own small business accounting books after reading this. I believe you could. I wish I had seen this book a long time ago because there are something's I had to learn on my own with no help. This would have been helpful then. I think it would be a good book to keep as reference too. I got this book for free.
Great quick infoThis books covers everything you need to know for a small business. Great read! I definitely recommend it to anybody trying to start a business.