7/27/2019 Bookkeeping Essentials for Small Business

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7/27/2019 Bookkeeping Essentials for Small Business

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Hn`bah

^ght ibformhtiob ao you b``a to r`kora?

J`nhj oejinhtiobs

[hj`s kykj`

Surkghs` kykj`

Gow ao you no heout r`koraibn hba kg`kdibn tgis ibformhtiob?

U`koraibn r`v`bu` hba `xp`bs`s

[pr`hasg``t vs softwhr`?

Ehbd r`kobkijihtiob

S`tty Khsg

Hkkoubtibn t`kgbikhjiti`s

^ght is aouej` `btry

Njosshry

7/27/2019 Bookkeeping Essentials for Small Business

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U`kora D``pibn

Hkkoraibn to tg` Komphbi`s Hkt hjj komphbi`s

must d``p tru` hba fhir fibhbkihj hba hkkoubtibn r`koras

Hjj mob`y r`k`iv`a hba sp`bt ey tg` komphby

A`thijs of hss`ts owb`a ey tg` komphby

A`ets tg` komphby ow`s or is ow`a

[tokd tg` komphby owbs ht tg` `ba of tg`

fibhbkihj y`hr

Qg` stokdthdibns you us`a to word out tg` stokd

finur` Hjj nooas eoungt hba soja

^go you eoungt hba soja tg`m to hba from

(ubj`ss you rub h r`thij eusib`ss)

You must hjso d``p hby otg`r fibhbkihj r`koras,

ibformhtiob hba khjkujhtiobs you b``a to

kompj`t` your Komphby Qhx U`turb

You must bormhjjy d``p r`koras for ht j`hst 6

y`hrs from tg` `ba of tg` jhst komphby

fibhbkihj y`hr tg`y r`jht` to.

You mhy b``a to d``p r`koras jobn`r if33 Kgq

Aht` It`m Hmoubts Ehjhbk` Qyp`

56/37/8; U`bt (1,333) >,>03 Kgq

5>/37/8; ^hn`s (933) ;,>03 Ehks

;3/37/8; [hj` 8,333 5,703 Ehks

;8/37/8; [hj` 0,>33 ;,703 Ehks

Ehbd [tht`m`bt[yst`m

Ehjhbk` p`r syst`m 8,>33

J`ss< Pbkj`hr`a r`k`ipts

[hj` (1,633)

Haa< Pbpr`s`bt`a Kg`qu`s

Q`j`pgob` 503

Hkkoubthbt 6,033

@xp`kt`a Ehjhbk` ;,703

Ehbd stht`m`bt ehjhbk` ht ;8/37/538; ;,703

Aiff`r`bk` bij

@ff`ktiv`jy

halustibn tg`

shj`s hba

purkghs` j`an`r

for trha` a`etors

hba kr`aitors

http://www.google.co.uk/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=UcFdKCX-gt6qyM&tbnid=6AOFJ8pHo04FLM:&ved=0CAUQjRw&url=http://www.premiertraining.co.uk/sage-courses/&ei=x1cmUrWzMuet0QW4goH4DQ&bvm=bv.51495398,d.ZG4&psig=AFQjCNHWJqs20q5CGaWKv0ommNl01DaOZg&ust=1378330935760445http://www.google.co.uk/url?sa=i&source=images&cd=&cad=rja&docid=GFppvGiE3ffFlM&tbnid=a5j7vvG_Z4sHEM:&ved=0CAgQjRwwAA&url=http://www.9ori.com/store/images/6297.html&ei=dVcmUrf_IurX7AaQ4YH4DQ&psig=AFQjCNETUiR7-6FRC-nGpKQha4Y2xKVcCA&ust=1378330869699774http://www.google.co.uk/url?sa=i&source=images&cd=&cad=rja&docid=GFppvGiE3ffFlM&tbnid=a5j7vvG_Z4sHEM:&ved=0CAgQjRwwAA&url=http://www.9ori.com/store/images/6297.html&ei=dVcmUrf_IurX7AaQ4YH4DQ&psig=AFQjCNETUiR7-6FRC-nGpKQha4Y2xKVcCA&ust=1378330869699774

7/27/2019 Bookkeeping Essentials for Small Business

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Eoodd``pibn prok`ss`s

S`tty Khsg

^ght is S`tty

Khsg?

Gow ao you

hkkoubt for it?

^ght hr` tg` thx

impjikhtiobs?

S`tty khsg is tg` us` of h r`jhtiv`jy jow hmoubt of khsg to phy for smhjj`r eusib`ss

`xp`bs`s jid` mijd, p`bs & mibor r`phirs.

Qg` most kommob m`tgoa is to sthrt witg hb hmoubt, shy 033, hba wg`b tght

r`auk`s to bij tg` komphby witgarhws h furtg`r 033.

U`k`ipts sgouja e` d`pt.

Qgis sgouja e` hkkoubt`a for lust jid` hby otg`r eusib`ss hkkoubt.

Qg` khsg ehjhbk` sgouja e` r`kobkij`a ob h tim`jy ehsis. Qg` ehjhbk` you r`kobkij` to is tg` hmoubt of khsg you pgysikhjjy koubt ht h k`rthib

aht`.

If p`tty khsg it`ms hr` sp`bt from khsg thdibn (i.`. shj`s) h v`ry nooa hkkoubtibn

r`kora must e` d`pt hs tgis is oft`b h d`y hr`h for ibv`stinhtiob for GMUK.

If h r`k`ipt is d`pt hba tg` it`m kobthibs VHQ tg`b for VHQ r`nist`r`a bt`rpris`s tgis

khb e` r`kjhim`a ob your VHQ r`turb.

Qg` komphby profits wijj e` r`auk`a ey tg` eusib`ss xp`bs`s sp`bt tgroung p`tty

khsg. Qgis khb e` quit` h suesthbtihj thx shvibn ov`r tg` kours` of h y`hr.

S`tty khsg is kobsia`r`a ging risd ey GMUK

hba b``as khr`fuj hkkoubtibn r`koras

7/27/2019 Bookkeeping Essentials for Small Business

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Hn`bah

^ght ibformhtiob ao you b``a to r`kora?

J`nhj oejinhtiobs

[hj`s kykj`

Surkghs` kykj`

Gow ao you no heout r`koraibn hba kg`kdibn tgis ibformhtiob?

U`koraibn r`v`bu` hba `xp`bs`s [pr`hasg``t vs softwhr`?

Ehbd r`kobkijihtiob

S`tty Khsg

Hkkoubtibn t`kgbikhjiti`s

^ght is aouej` `btry

Njosshry

7/27/2019 Bookkeeping Essentials for Small Business

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Hkkoubtibn Q`kgbikhjiti`s

^ght is Aouej` @btry?

H eusib`ss r`k`iv`s 8,333 ibto tg` ehbd hkkoubt for h shj` it mha` h f`w ahys hno.

Ob tg` syst`m you wouja post h kustom`r r`k`ipt from tg` ehbd to tg` kustom`r

j`an`r to kj`hr aowb tg` 8,333 ibvoik`.

Qgis is wght ghpp`bs e`giba tg` sk`b`s, hjt`ribn tg` trihj ehjhbk`

Ar Ehbd

Kr A`etors

Kobk`pt

Aouej` btry is tg` fubahm`bthj pribkipj` tght uba`rpibs r`kora d``pibn ib hkkoubtibn

@v`ry a`eit ghs hb `quhj hba opposit` kr`ait

Qg` S&J is mha` up of a`eits (`xp`bs`s) hba kr`aits (shj`s) Qg` ehjhbk` sg``t is mha` up of a`eits (hss`ts) hba kr`aits (jiheijiti`s)

Qg` trihj ehjhbk` komeib`s tg` S&J hba ehjhbk` sg``t.

@xhmpj`

7/27/2019 Bookkeeping Essentials for Small Business

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Hkkoubtibn Q`kgbikhjiti`s

Njosshry

H summhry of hjj tg` ibvoik`s rhis`a hba r`k`iv`a.

Qg` ehjhbk` is ibkr`hs`a hs ibvoik` hr` haa`a hba r`auk`a hs phym`bts hr` mha` oribkom` r`k`iv`a.

J`an`rs

Lourbhjs

Hkkruhjs

Sr`phym`bts

Lourbhjs hr` oft`b us`a ey hkkoubthbts to mhd` halustm`bts. For `xhmpj` if 5,333

wortg of xp`bs`s ghv` e``b kjhssifi`a hs t`j`pgob` ibst`ha of r`phirs tg`b h lourbhj

wijj shv` r`koaibn hjj tg` ibkorr`kt ibvoik`s.

Ar r`phirs (ibkr`hs`s tg` `xp`bs` ib tg` S&J).

Kr t`j`pgob` (a`kr`hs`s tg` xp`bs` ib tg` S&J).

^hn`s hr` hb `xhmpj` of h lourbhj hs tg` thx is oft`b tg` phia ib tg` fojjowibn mobtg

hba woujabt mhtkg tg` mobtg ib wgikg tg` kost is suff`r`a.

Hb `xp`bs` ibvoik`a hft`r tim` p`rioa tght is it suff`r`a khb e` eroungt ibto tg` korr`kt

p`rioa vih hb hkkruhj.

Hb `xhmpj` is h komphby witg h ;3tg Hprij 538; y`hr ba ghv` tg`ir hkkoubts

kompj`t`a hba ibvoik`a ib Lujy 538;. Qg` kost kj`hrjy r`jht`s to tg` Hprij y`hr ba eut

is bot ibvoik`a tijj hft`r tgis p`rioa.

Sr`phym`bts hr` tg` shm` hs hkkruhjs eut tg` otg`r why hrouba.

Qg` `xp`bs` ghs hjr`hay e``b suff`r`a eut r`jht`s to h futur` p`rioa. Hb is h komphby e`ibn ibvoik`a for h y`hrs ibsurhbk kov`r ob 8st Lhbuhry 538;. Qg`

y`hr `ba is ;3tg Hprij 538; so 7 mobtgs of tght kosts r`jht`s to h futur` p`rioa.

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Eoodd``pibn

[ummhry

^ght ibformhtiob ao you b``a to r`kora?

Qg` Komphbi s Hkt oejin`s you to d``p tru` hba fhir fibhbkihj r koras

U`koras sgouja n`b`rhjjy e` d`pt for 6 y`hrs

Gow sgouja you hpprohkg eood-d``pibn?

H nooa eood-d``p`r sgouja e` hej` to post shj`s hba purkghs` trhbshktiobs to tg`

hppropriht` j`an`r hba r`kobkij` tgis witg tg` ehbd stht`m`bt

Psibn hkkoubtibn softwhr` g`jps you mhibthib your purkghs` j`an`r hba kghs`

trha` a`etors (wgikg hias khsg fjow) Gow`v`r, usibn a`aikht`a hkkoubtibn softwhr` jid` [hn` r`quir`s som` t`kgbikhj

dbowj`an`, so d``pibn nooa spr`hasg``t r`koras is som`tim`s pr`f`rhej`

Qg` ehbd r`kobkijihtiob prok`ss is `ss`btihj to mhd` sur` tght tg` komphby ghs

kojj`kt`a hjj khsg ow`a hba phia outsthbaibn ibvoik`s

S`tty khsg is kobsia`r`a ging risd ey GMUK hba b``as khr`fuj hkkoubtibn r`koras

Hkkoubtibn t`kgbikhjiti`s

Aouej` `btry uba`rpibs tg` eoodd``pibn prok`ss

Your eood-d``p`r sgouja ghv` h nooa uba`rsthbaibn of j`an`rs, lourbhjs,

hkkruhjs hba pr`phym`bts

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Eoodd``pibn

Qghbds

Qghbd you for r`haibn!

B``a furtg`r g`jp witg your eoodd``pibn? Our t`hm

hr` ghppy to hbsw`r hby of your qu`stiobs.

Kobthkt PsHkkoubts hba J`nhj Jta.

53 D`btisg Qowb Uoha,

Jobaob, B^8 9BW

353> 31; 1333

ibfoChkkoubtshbaj`nhj.ko.ud

YOPU Q@HM

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