Accounting for Small Business Owners

Haven't read it yet. But looking forward to educating myself

A great help with starting my small business

Although I am not personally a small business owner, I have friends as well as family members who own their own small businesses. So when I was given the opportunity to review this book, at no cost I gladly accepted. I like to read different things in my downtime & thought this might give me interesting information to pass on to the bussiness owners I know. In the first chapter alone I personally was able to learn the accounting terms I have heard many times but never quite knew rhe meaning of...like Equity, liability, & profit margin. I am glad that I personally recieved a slight education of sorts very early on in the book. I really like that the book also provides pictures of table examples of how business should organize their businesses expenses & earnings. Organization is the key to success In my opinion. There are many table examples avaliable & each important section is pointed out, broken down, & discussed which I feel is very great. It is especially helpful if someone like myself who is inexperienced wants to start a path in the business venture. The second chapter of this book, offers help with journaling (keeping records) of stock, payroll information, employee benefits (if applicable) & more. Again there are many helpful visual charts, & sections are broken down & explained very well. The final 3 chapters discuss ordering equipment & tools that may be needed, running your business (taking into account cost of restocking supplies ect) & the end of a cycle time period. Again, many charts & lots of detail provided so you learn quickly & easily how to stay organized, & aware of cost versus earnings to make sure your business is helping you earn income & running correctly. Although, I do not plan on owning my own businesss for awhile, I do plqn to one day open a daycare. I like this book & I believe it offeres a lot of valuable and important information. I will be using this quick new education I gained hopefully to start my own business when I am ready.

Even though small business owners may not be accountants, they must become knowledgeable in accounting to be successful. Small business owners need to get a grasp of their companies books and not just their checkbooks.This book, Accounting for Small Business Owners gives a quick but useful lesson in how not just handle the customer end of your business but the financial end. Having sufficient knowledge of your companies finances will ensure accurate checks and balances as your business grows. This book offers a great guide in getting your accounting system set up, implemented and running. It will offer good information for you to assess the value of your business or give you a good idea of the value of a business you may consider owning.It's a great aid in helping to better understand that owning a business is much different from running a business. This book is great for learning terminology and understanding how things work. All in all, this book is useful in teaching basic accounting principles you will need to run your own small business. This is a must have book for beginners thinking about opening a small business, even as simple as an E-Bay store. I highly recommend this book!Disclaimer - I received this item for my honest and unbiased review. All opinions are my own based on personal experience.

Kindle Version!I struggled about whether to give this three stars or four. My suggestion to anyone wanting to get it for the Kindle: Don't. Get a physical copy. There are a ton of notes missing from the Kindle version. Sometimes the charts and tables are way too small to be read on the Kindle. I believe this could be a great book, but the further you go into it, the more information is missing from the Kindle format.I believe the content in a physical book would be well worth it. The author uses visual, by example, and explanation learning as ways to teach and does a very good job of that, at least from what I can tell.

Oh how I could have used this book ten years ago when I was co-owner in a decorating business! Boy did we make some dumb mistakes just because of lack of knowledge! Had I then understood about CASH FLOW what this book teaches, it would have saved us a lot of hassle- and probably had more money in our pockets! This is perfect for someone who knows how to run the customer side of their business, but doesn't know quite what to do with the financial side of the business. There are clear charts with explanations as to why it is important that you keep track of each expenditure. I also liked how it illustrated to compare week to week, month to month and year to year sales and expenses. I would recommend this book to someone thinking of starting their own business- it will give you a bigger picture of what you will be up against financially. It would also be good for any small business owner who doesn't have the funds to have a professional bookkeeper and is trying to do it all them selves- this will lighten your load because it shows you how to set up a system to keep track of everything.I was given this book for free in exchange for my honest feedback.