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    Bookkeeping: Step by Step Guide to Bookkeeping Principles & Basic Bookkeeping for Small Business
    Bookkeeping: Step by Step Guide to Bookkeeping Principles & Basic Bookkeeping for Small Business
    Bookkeeping: Step by Step Guide to Bookkeeping Principles & Basic Bookkeeping for Small Business
    Ebook93 pages1 hour

    Bookkeeping: Step by Step Guide to Bookkeeping Principles & Basic Bookkeeping for Small Business

    By Mark Smith

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    About this ebook

    Learn the principles of Bookkeeping for Small Business...


    Accurate bookkeeping is so essential when it comes to your business. It ensures that you know the exact financial situation of your business so you can make the best decisions about how to make it into the future. But many new business owners don't know the details of handling their own bookkeeping.


    This guidebook has all the tips that you need to help you get a good handle on your bookkeeping so that you can keep your finances in order and even help you when it's tax time!



    In this guidebook, we are going to talk about everything that you need to know to get started with your small business bookkeeping. 
    Some of the topics that will be discussed include:



     - The basics of bookkeeping
     - Some of the most important financial statements to help you run your business
     - The different bookkeeping methods
     - How to prepare for taxes at the end of the year
     - Handling the assets, liabilities, and owner's equity
     - The different types of ledgers you can use for bookkeeping
     - The importance of depreciation on product and equipment you use in your  - -       business and how to calculate this
     - Some of the best bookkeeping tips you should use to help you get ahead
     - And more...
     



     


    If you are ready to take control over your own bookkeeping, or you are starting up a new small business, get your copy of this guidebook TODAY to help you get started!

    LanguageEnglish
    PublisherMark Williams
    Release dateOct 3, 2018
    Author

    Mark Smith

    Hi! I'm Mark. 43, Married and father of three. I'm not an author, but I play one on Smashwords. And yes- Hawk is my real middle name given at birth.

    Read more from Mark Smith

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    • 5/5
      It's a nice book for someone with a new business. This book gives a big picture of book keeping and formalities to run a business. When it comes to the financials, it does not offer good examples and figures to clear the concepts. But still a good resource for new business owners to prepare and know what they need to learn in detail.

    Book preview

    Bookkeeping - Mark Smith

    Conclusion

    © Copyright 2018 by Mark Smith - All rights reserved.

    The following eBook is reproduced below with the goal of providing information that is as accurate and reliable as possible. Regardless, purchasing this eBook can be seen as consent to the fact that both the publisher and the author of this book are in no way experts on the topics discussed within and that any recommendations or suggestions that are made herein are for entertainment purposes only. Professionals should be consulted as needed prior to undertaking any of the action endorsed herein.

    This declaration is deemed fair and valid by both the American Bar Association and the Committee of Publishers Association and is legally binding throughout the United States.

    Furthermore, the transmission, duplication or reproduction of any of the following work including specific information will be considered an illegal act irrespective of if it is done electronically or in print.

    This extends to creating a secondary or tertiary copy of the work or a recorded copy and is only allowed with an expressed written consent from the Publisher. All additional rights reserved.

    The information in the following pages is broadly considered to be a truthful and accurate account of facts, and as such any inattention, use or misuse of the information in question by the reader will render any resulting actions solely under their purview.

    There are no scenarios in which the publisher or the original author of this work can be in any fashion deemed liable for any hardship or damages that may befall them after undertaking information described herein.

    Additionally, the information in the following pages is intended only for informational purposes and should thus be thought of as universal. As befitting its nature, it is presented without assurance regarding its prolonged validity or interim quality. Trademarks that are mentioned are done without written consent and can in no way be considered an endorsement from the trademark holder.

    Introduction

    Congratulations on downloading Bookkeeping and thank you for doing so.

    The following chapters will discuss everything a beginner needs to know in order to get started with their small business bookkeeping. Bookkeeping is important. It gives you an accurate and complete look at the finances of your business. It helps you in making important decisions about it and where it will go in the future. And it can even help you when tax season comes around.

    This guidebook will bring up a lot of important topics when it comes to bookkeeping for your small business. We will talk about using ledgers, understanding the taxes with your bookkeeping, how to deal with depreciation, adjusting entries in the ledger, and the different financial statements you need to work with including the cash flow statement, income statement and more.

    This is a great resource for those who are ready to start a new business but are also worried about how to keep track of all the financial information for that new business. Take some time to check out this guidebook and see how easy it can be to do your small business books. 

    There are plenty of books on this subject on the market, thanks again for choosing this one! Every effort was made to ensure it is full of as much useful information as possible, please enjoy!

    Chapter 1: The Basics of Bookkeeping

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    Before we get into some of the more in-depth stuff that comes with bookkeeping, we need to start you off with some of the basics. If you are running a business and you want to have the ability to read your financial records, and actually be able to understand them, then you need to know the basics. This helps you to know more about the financial aspects of your business rather than relying on someone else to give you this information. When you know the complete picture of your finances, you can make better decisions that will increase the growth of your business. Let’s get started with some of the basics of bookkeeping!

    The Double Entry Method

    When you get started with bookkeeping, you will need to learn a method known as double entry bookkeeping. This means that for each of the entries you put into the ledger, there is going to be one credit and one debit. This results in you getting the two columns to equal each other out. After getting it done and the two columns aren’t equal, then you know something isn’t matching up the right way. The equation that is important for

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