Synopses & Reviews
Most entrepreneurs enter new ventures because they know something about products or retail or sales and marketing. Despite a burning passion for their new businesses, entrepreneurs will not succeed unless they learn to keep their financial records in order. While even the largest corporations can suffer from financial myopia, new business owners are especially challenged.
Fortunately there are some simple principles that set the stage for success to help business owners get their arms around bookkeeping basics. Over the years, hundreds of thousands of business owners have benefited from the practical and easy-to-use concepts in Keeping the Books.
In this new and updated sixth edition, financial expert and entrepreneur Linda Pinson shares a time-tested recipe for mastering record-keeping essentials. Generously illustrated with sample forms and worksheets, including up-to-date IRS forms for small businesses, this new edition provides comprehensive hands-on tools to:
* Set up effective record-keeping systems and keep the right records.
* Prepare financial statements that show where the business stands.
* Analyze cash flow and important financial benchmarks with ease.
* Keep adequate records to prevent tax time disasters and maximize profits.
* Learn to distinguish an employee from an independent contractor.
Including a business resource section and glossary of accounting terms, along with proven processes for smart financial record keeping, this one-stop guide lets even the financially challenged grasp the basics.
Synopsis
In this new and updated edition, financial expert and entrepreneur Pinson shares a time-tested recipe for mastering record-keeping essentials. Generously illustrated with sample forms and worksheets, including up-to-date IRS forms for small businesses.
Synopsis
The premier resource for basic bookkeeping and business record management,
Keeping the Books is a comprehensive, yet down to earth, treatment of one of the most important, yet often neglected, aspects of running a business. User-friendly and packed with easy-to-understand illustrations, worksheets, and forms, this popular financial reference tool is completely updated, and replete with the variety of IRS forms that entrepreneurs have to be familiar with. From updating car and transportation expenses to exploding the myths around independent contractors, the author presents everything a small company needs to know to maintain proper records.
Following the roadmap outlined in Keeping the Books, entrepreneurs will learn how to:
- Prepare and analyze financial statements to stay in touch with the heartbeat of their business
- Set up bookkeeping systems to keep track of financial details
- Maintain the required IRS records necessary to stay out of trouble
- Plan for required taxes due
About the Author
Linda Pinson is a nationally recognized speaker, award-winning author, educator, consultant and expert in the areas of small business planning and financial management. Author of numerous bestselling titles for entrepreneurs, she has also developed the popular ""Automate Your Business Plan"" software to accompany the bestselling Anatomy of a Business Plan. A member of the U.S. Small Business Advisory Council for the past five years, she is an active speaker at the Association of Small Business Development Centers annual conferences and has served as delegate to the White House Conference on Small Business.