Many first time small business operators, (not to mention a few existing business owners) have, what I like to call, "Financial Phobia". This is a fear of anything relating to the management of their business finances. Just mention the words 'bookkeeping' or 'accounting' or simply ask them to 'do their books' and the sufferers of this unnatural fear instantly freeze and are totally incapable of moving forward - an unfortunate situation for their business. The financials are important for a number of reasons. The first is that they provide an important insight as to how your business is performing from a financial perspective. The second is that they provide a platform for informed decision making. So becoming adept at managing your books is vital.
One of the best guides I have seen on this subject is 'Learn Bookkeeping in 7 Days: Don't Fear the Tax Man' written by Rod Caldwell.
Caldwell is, in his own words, "a Tax Accountant by profession and an educator by choice". He has been lecturing in taxation and business at University and TAFE colleges for the last 10 years. He also is the proprietor of his own micro business where, for the last 20 years, he has developed and sold accounting systems to independent primary schools. As a micro business proprietor he knows first-hand the problems that we all face. As a tax accountant he is fortunate in that he also knows the solutions.
In this book he attempts to pass on that knowledge in the hope that it helps other small business owners. While most accounting tomes are written in such a way that they often put us to sleep long before anything useful is imparted, this one is an exception. It breaks down each of the core learning elements into seven days of learning, each concentrating on a different aspect of bookkeeping.
It is written in a clear, concise and easy to understand manner and is jammed packed full of useful taxation tips and tricks for small business owners. I talked to Rod Caldwell and discussed bookk.....Click here for access to the rest of this article ->

Karen Paiyo
|
| |
|