Managing the numbers – literally
This chapter introduces the rudiments of financial record keeping. This is essential groundwork for understanding where the money comes from and where it goes. Of course, the topic has immediate practical applications if you are an entrepreneur, particularly if you are starting a new business, because you may well keep the books yourself. But even, or especially, if someone else is doing it for you, you need to understand what they are doing and why. Knowing these basics helps unlock many of the mysteries of what is possibly the world’s second-oldest profession.
To try to give life to the topic, I have approached it from the point of view of an entrepreneur starting a business and maintaining financial accounts. ...
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