Keeping the Books: Basic Record Keeping and Accounting for the Successful Small Business (Keeping the Books)

Average customer rating: 4.0

Great book for small business owners....
Your Business at a Glance
Great for the Basics
Excellent introduction
Save your money; don't buy this book.

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Keeping the Books: Basic Record Keeping and Accounting for the Successful Small Business (Keeping the Books)
Linda Pinson
Manufacturer: Kaplan Business
Product Group: Book
Binding: Paperback
ASIN: 0793179297
2004-02-01

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General

| Popular Economics | Business & Investing | Subjects | Books

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Management

Bookkeeping

| Small Business & Entrepreneurship | Business & Investing | Subjects | Books

Entrepreneurship

| Small Business & Entrepreneurship | Business & Investing | Subjects | Books

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| Small Business & Entrepreneurship | Business & Investing | Subjects | Books

Book 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 business owners get their arms around bookkeeping basics. Over the years, hundreds of thousands of business owners have benefited from the practical and easy-to-use concepts in Keeping the Books. In this new and updated sixth edition, financial expert and entrepreneur Linda Pinson shares a time-tested recipe for mastering record-keeping essentials. Generously illustrated with sample forms and worksheets, including up-to-date IRS forms for small businesses, this new edition provides comprehensive hands-on tools to: *Set up effective record-keeping systems and keep the right records. *Prepare financial statements that show where the business stands. *Analyze cash flow and important financial benchmarks with ease. *Keep adequate records to prevent tax time disasters and maximize profits. *Learn to distinguish an employee from an independent contractor. Including a business resource section and glossary of accounting terms, along with proven processes for smart financial record keeping, this one-stop guide lets even the financially challenged grasp the basics.

Customer Reviews:

Great book for small business owners...........2006-12-12

This is one of my two favorite accounting books for small business owners. The other is "Small Business Accounting Simplified" by Daniel Sitarz. These books present a lot of the same information, but they have slightly different perspectives on small business accounting and I think both viewpoints are useful and complimentary. Establishing your accounting system is serious business, so I would consider purchasing both. It's a small investment considering how important and time consuming this area could be for small business.

With that said, this book will help you to understand the basics of accounting and the advantages and disadvantages of various methods of keeping your books. It is very streamlined, practical and will help you to get your books together quickly using the easiest system that is appropriate for your business.

This is a very non-intimidating book and first time business owners will really like it. The other book I recommended above by Sitarz is more involved and may be something you want to get down the road. If you are a very small business, this book may have all you need and you may appreciate that it lacks some detail that might be unnecessary.

Both books that I mention are adequate to get a small business up and running. However, if you are not a numbers person by nature or have an aversion to accounting, this might be the best place to start. As part of my livelihood I do small business consulting and this title and the one I mentioned in the first paragraph are the two books I most often recommend for a new small business.

Your Business at a Glance.......2005-11-08

This is an excellent book that teaches you to chart: where you would like to go on your business journey; where you are; and what you need to do to adjust your journey towards your profit goals.

Long before reading this book, I had asked an Accountant the difference between fixed and variable assets - he really didn't answer my question. In fact, he seemed to be annoyed that I would ask such a question.

But this book gives the answer in a very succinct description, with supporting information.

Above all, this book walks the small business owner through:
1. Record Keeping;
2. Business Accounting;
3. General Ledgers;
4. Financial Statements; and,
5. Taxes.

And this is definitely a resource to keep referring to, until you have mastered the process of growing profit.

Great for the Basics.......2005-09-21

This is an excellent book for those learning to keep books, or needing to brush up on their bookeeping skills. It is very detailed, and simplified. I found it easy to follow and understand.

Excellent introduction.......2005-06-12

This book is a very good introduction to bookkeeping. If you majored in finance and are an erolled agent with the IRS, you probably won't need this book. People with a much more limited knowledge of bookkeeping will benefit greatly.

Save your money; don't buy this book........2005-03-20

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.

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