Startup your bookkeeping records and processes the right way with confidence.
Refresh your knowledge or learn something new about business accounting.
tEACHERS & STUDENTS
Get more understanding about the principles of double-entry bookkeeping.
How-to Guides . Tutorials . Tips .Printable Forms .Excel Templates
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How-to Guides Tutorials Tips Printable Forms Excel Templates
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How to track your income and expenses
Processing bank reconciliations
The nitty-gritty about journals and ledgers
and lots more
I take you through the principles and methods of entering financial data into the business books in an organized way...
...so you can put it into practice and be confident that you are getting the basics right, and can trust your figures.
Where to start
To maintain an effective accounts system, a business cannot survive without:
Good Bookkeeping Software Details of different software options - paid and free - to help you select the one that suits you best. Learn More...
The Right Day-to-Day Procedures How-to guides for banking, petty cash care, accounts receivable and payable, filing systems, and much more. Learn More...
Financial Reports Which pull all the information together so you know what the result is of all your hard work: Profit and Loss Report Learn More... Balance Sheet Learn More...
Single Entrywhere figures are entered once - this is the cash book - great for starting up small and for easing you in to the next method.
Double entry where the same amount is literally entered twice to 'balance the books' - a term you may have heard before. This sections goes through the accounting equation, source documents, journals and ledgers plus quizzes.
Terms Glossary which gives you definitions of the common words used in bookkeeping from A-Z.
When planning your business you have to decide how you are going to tackle the financial records. Every business needs to have a structured method of recording the money coming in and going out the bank.
The question is whether or not you as the business owner with limited knowledge want to do this job yourself or hire the services of a professional.
If you have enthusiasm, patience, and time then your answer should be yes to doing it yourself to start with! You might also be motivated by your desire to keep your costs down.
Of course, this is just until your business grows and you find yourself running haggard trying to juggle all the different aspects - by which time outsourcing the work to a bookkeeper would be a fabulous idea!
Are you a Bookkeeper?
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Are you a student?
Are you currently studying this subject or business, finance or accounting? I am sure you will find this resource a helpful addition to your study material.
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What others say...
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"I cannot thank you enough for your site and all the expertise put in such a simple manner! I've started self- employment and running the finances of my business was a terror! Not anymore! I can grasp the basics and learn a little more everyday with your information!"