Keeping the Books: Basic Record Keeping and Accounting for the Successful Small Business
November 5, 2009
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Posted by Brian
Product Description
Most entrepreneurs enter new ventures because they know something about products or retail or sales and marketing. Despite a burning passion for their new businesses, entrepreneurs will not succeed unless they learn to keep their financial records in order. While even the largest corporations can suffer from financial myopia, new business owners are especially challenged. Fortunately there are some simple principles that set the stage for success to help busines… More >>
Keeping the Books: Basic Record Keeping and Accounting for the Successful Small Business
Categories: Uncategorized
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Tags: Accounting, Basic, Books, Business, Keeping, Record, Small, Successful
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This book has been a great guide tool.
Helps you understand what you should have for your business even if you have no accounting experience. Very step by step and leads you in the right direction to follow up and increase knowledge.
Rating: 5 / 5
Great resource and training tool for bookkeepers. Easy to understand and covers a wide range of information that is very useful for bookkeepers and accountants.
Rating: 5 / 5
This book is good for the basics in bookkeeping. The blank sample forms were useful for me.
Rating: 4 / 5
When they say “basic” they mean really, really basic. The book does have some useful sample spreadsheets, like a sample P&L, but the advice is way off base. First off, she recommends you buy a small hardbound journal record in it every thought you have about your business, any expenses, etc. I’m sure her accountant looooves her when she brings this to him every year. Clearly this should not be your primary recordkeeping system. Since this book is about recordkeeping, this serious destroys her credibility.
The book is written to a low-tech, low-IQ audience. It might be useful if you have never had a job before or if you’re 12 years old. Otherwise, don’t even bother.
Rating: 2 / 5
Considering the high cost of this book, it was definitely not worth it. Most of the information in this book could have been accessed for free through the IRS. I should have paid attention to the negative reviews that were written by other people to not buy this book. In addition, the entire book deals with single-entry bookkeeping. It tells you that you should hire an accountant or a professional payroll firm to do other types of bookkeeping. Most people like myself, who buy self-help books, are financially challenged, and buy these books to learn how to do everything themselves. We cannot afford to hire outside help.
Rating: 1 / 5