Download Accounting for Small Businesses QuickStart Guide: Understanding Accounting for Your Sole Proprietorship, Startup, & LLC AudioBook Free
Learning the fundamentals of accounting is like learning a new language. Becoming "literate" in accounting doesn't take quite so long as learning Russian, Spanish, or Chinese, however the advantages are indeed similar. It's safe to state that many people fear statistics - "I used to be terrible at math in college!" - so the word "accounting" calls up, for many, memories of days spent attempting over high school algebra. They want to leave the accounting to the people who hang a CPA shingle outside their door, assured that the experts will do a much better job of controlling their money. But the fact remains that everyone should have just a little accounting knowledge and, truly, the math involved isn't all that difficult. Nonetheless, knowing the fundamentals, from how to balance your checkbook to understanding how to keep good financial documents for duty purposes, can go a long way, whether you're a small business owner, trader, manager, lender, or maybe in charge of the household money. Possessing a clear understanding of your business's financial life is important. No one should be in the dark about their overall financial picture. That's a disaster waiting to occur. However, with a perfunctory understanding of basic accounting guidelines, including assets and liabilities, creating financial assertions, budgeting, and more, you'll be on the road to healthier romance with your cash.