Product Review

Bookkeeping

Small Business Bookkeeping, Accounting for Beginners

This book has actionable information that will help you to master small business bookkeeping as a beginner.
We all know that Uncle Sam never jokes when it comes to the money owed to him; when tax season comes around, you have to be able to prepare and file your tax documents without overstating or understating your financial results. How can you do this without adequate financial records?
Understandably, you may not be in a financial standing that allows you to afford the services of a personal accountant since your business is still growing but unfortunately, the taxman does not listen to excuses. In fact, failure to file tax returns could earn you a penalty of up to $100,000 or more or land you in jail for tax evasion and ultimately make it hard for your business to operate because various stakeholders will also need to know that you are tax compliant to do business with you. Others like financial institutions will need to see your financial records to evaluate your credit worthiness and to make various other decisions.
To save yourself the stress that comes with not having proper financial records and to avoid putting your business in jeopardy, you can learn how to handle your own books. Trust me, the whole thing is not as complicated as it sounds and you don’t even need to have an accounting degree or any prior accounting knowledge.
This book is a simple guide to bookkeeping; it takes you through all the stages you need to go through to maintain adequate financial records like a professional.
To make this book really easy and interesting to read and use, we’ve kept all the professional jargons at bay. Even if you decide you use an App or software for your bookkeeping, after reading the content herein, you shall be knowledgeable enough to understand what you are doing and be able to defend it.
This book is ideal for business owners, students, and those looking to start bookkeeping businesses..

Here is a preview of what you will learn in this book...

• Bookkeeping Basics
• Choosing Your Accounting System
• How to Set up a Single-Entry Bookkeeping System for Your Business
• How to Set up a Double-Entry Bookkeeping System for Your Business

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