Chapter 1
So You Want to Do the Books
In This Chapter
Introducing bookkeeping and its basic purpose
Maintaining a paper trail
Managing daily business finances
Making sure everything’s accurate
Putting on a financial show
Few small business owners actually hire accountants to work full time for them. For a small business, that expense is probably too great, so instead the owner hires a bookkeeper who serves as the company accountant’s eyes and ears. In return, the accountant helps the bookkeeper develop good bookkeeping practices and reviews his or her work periodically (usually monthly).
In this chapter, I provide an overview of a bookkeeper’s work. If you’re just starting a business, you may be your own bookkeeper for a while until you can afford to hire one, so think of this chapter as your to-do list.
Delving into Bookkeeping Basics
Like most business people, you probably have great ideas for running your own business and just want to get started. You don’t want to sweat the small ...
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