Accounting for the SMALL Businessperson is a self-help manual that lays out the basics of accounting for the average person operating a small enterprise. While the focus is on artists, the explanations and examples incorporate common materials and ideas that anyone can apply to their own area.
As an artist running a small business, I was frustrated when I found nothing on the market explaining the books from a layman's perspective. So, I dug in and discovered that “keeping the books” involves income, sales, assorted taxes; making a living; financial statements and balance sheets; rules about “hobbies” and/or “businesses”; business and other licenses; accounting terms used by sole proprietors and their proper order; the difference between cash basis and accrual basis; how often you need to track assets, liabilities, and equity; what the well-organized record box contains; the length of time such records are generally required; and, various methods for keeping records.
Details
- Publication Date
- Nov 3, 2011
- Language
- English
- Category
- Business & Economics
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): Kathy Davie
Specifications
- Format