Keeping the Books: Basic Recordkeeping and Accounting for the Successful Small Business, Seventh Edition

Learn the basics of small business bookkeeping. 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 For twenty years, hundreds of thousands of business owners have benefitted from the practical and easy-to-use concepts in In this edition, Linda Pinson, again shares a time-tested recipe for mastering recordkeeping and accounting fundamentals. Generously illustrated with sample forms and worksheets, including up-to-date IRS forms and information for small business, is the comprehensive hands-on tool that will keep you on the right financial track. Set up an effective bookkeeping system with the essential recordsPrepare projected and historical Financial statements that show where your business is headed and where it stands at any given timeAnalyze cash flow and develop important financial benchmarks with easeMaintain the records required to prevent tax time disasters and maximize profits "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"--Publisher description The keeping of accurate records is imperative if you are going to succeed at business. Previously published: Chicago, Ill.: Dearborn Trade Pub., c2004.