Business Owner's Guide to Accounting and Bookkeeping (Psi Successful Business Library)

This primer takes the mystery and intimidation out of business accounting and bookkeeping. It shows a business owner how to: Understand, use and interpret financial statements Set up or restructure the business' books Use the One-Write System Quickly detect and correct errors Monitor the accounting tasks you delegate to others Understand how outsiders, such as banks, analyze your company Determine when and how to switch computerized accounting Includes dozens of sample financial statements and rule-of-thumb formulas to help non-accountants easily comprehend and use: The Balance Sheet The Income Statement Ratio Analysis Budgeting Journals The General Ledger Payroll Schedules Depreciation Bank Reconciliation Internal Controls Accounting Systems By reviewing the financials of hypothetical small firms, readers will learn how to spot and correct potential problems before they become crises.