Accounting and Recordkeeping Made Easy for the Self-Employed

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9780471032175: Accounting and Recordkeeping Made Easy for the Self-Employed

If you're one of the country's 20.5 million self-employed businesspeople, here's some news you simply can't afford to ignore . . .

Each year, thousands of hardworking people watch their dreams of successful self-employment go up in smoke because of poor paper management. That's right, one of the main reasons why so many businesses fold nowadays is because their owners never learned how to properly manage their paperwork or keep accurate financial records. Now there's a way to guarantee that your business doesn't get plowed under by an avalanche of complicated paperwork or hurt by inconsistent financial recordkeeping. It's Accounting and Recordkeeping Made Easy for the Self-Employed.

In this new guide written just for the self-employed, business consultant and renowned seminar leader Jack Fox, shows you how to painlessly--and inexpensively--set up and maintain easy-to-follow recordkeeping and accounting systems in your business, whether it's service or manufacturing oriented. Based on his many years of consulting in this area and his own personal experiences, Fox clearly and concisely:
* Arms you with cutting-edge techniques for managing all the financial, clerical, and analytical aspects of running a home-based business
* Describes the latest recordkeeping and accounting software and shows you how to integrate it into your day-to-day operations
* Demystifies accounting and walks you through accounting skills and operations, including accounts receivable, invoicing, and creating and analyzing profit and loss statements
* Provides practical solutions to the most common financial and recordkeeping problems the self-employed face
* Supplies you with numerous case studies, usable worksheets, and sample forms
You don't need to hire an expensive efficiency consultant because Jack Fox shows you how to manage your business in his simple, straightforward system.

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From the Inside Flap:

One of the hottest trends in the business world is the move towards self-employment. There are approximately 20.5 million small businesses in the U.S.—70% of which are one-person operations. And if you’re one of these people, you’re not alone in facing and preparing mountains of paperwork and financial statements that reflect your business’s health. It’s daunting but true: the majority of new businesses fail within the first two years. And the tragic fact is that one of the leading causes for so many business failures is nothing more complicated than poor paper management. Clear, systematic recordkeeping and accounting systems are an indispensable part of doing business regardless of the size of your company. Without a system to help you manage your cash flow, manage your inventory, track your leads, book your receivables, and pay your bills, you could be in for some very unpleasant surprises. Like so many people before you, you could be losing money and never know it until it’s too late. But don’t despair, help has arrived! In this amazing book, small business consultant and renowned seminar leader Jack Fox shows you how to set up and maintain easy-to-follow and accurate recordkeeping and accounting systems for any type of business. Step-by-step, Fox walks you through state-of-the-art techniques for managing all the financial, clerical, and analytical aspects of running a small or single-person business. He introduces you to powerful recordkeeping and accounting computer software specifically designed for businesses like yours, and he shows you how to seamlessly integrate it into your day-to-day operations. In addition, Fox clearly defines important accounting terms, explains the key concepts, and arms you with a collection of crucial accounting skills and operations—from accounts receivable and invoicing to the analysis of profit and loss statements. Offering step-by-step guidelines and chock-full of case studies, worksheets, and sample forms. Accounting and Recordkeeping Made Easy for the Self-Employed is one book that more than lives up to its title!

About the Author:

JACK FOX is President of Jack Fox Associates/Accounting Resources Group, a small business consulting firm based in San Diego. His other books include Starting and Building Your Own Accounting Business (published by Wiley) and How to Obtain Your Own SBA Loan.

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Jack Fox
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