92 of 92 people found the following review helpful
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This review is from: Accounts Demystified: The Astonishingly Simple Guide to Accounting (Paperback)
I own a couple of businesses but had always left the accounting stuff to my accountants. That's OK up to a point but when you begin to understand the importance of the "numbers" in your business, you cannot, with good conscience, leave it entirely in the hands of others. Whether you like it or not (and I don't), accounts are vital to showing a business what is going wrong, what is going well - and what to do next. No sane business person can ignore this.
Years of "learned helplessness", disinterest and apathy meant I always believed accounting was just something that was beyond me. I tried several books (all of which were very dry) but they all tended to start off simply but become more complex. This book is different and it was this book that finally helped me understand accounting. Whilst it won't make you an accountant (and maybe that's not a bad thing!) it will teach you all you need to know as a business owner or someone working in the accounts department of a small business. I can now talk confidently and more intelligibly about my business figures with my accountant and bank manager but also run my businesses more effectively.
In particular, I liked how the author would often say, "Think of it as X" or "Basically, all it really is, is Y" - that really helped clear up a lot of the concepts and put accounting in "human terms" that were much easier to grasp.
I highly recommend it to any business owner or anyone who has to deal with the day-to-day running of any small-medium business. It will put you in a much better driving position and help you steer your business far more effectively.
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Showing 1-3 of 3 posts in this discussion
Initial post: 29 Aug 2013 11:42:52 BDT
Fantastically clear review too - thanks!
Posted on 9 Sep 2013 12:11:52 BDT
Does this tell you how to produce end of year accounts for a Limited company?
Posted on 4 Mar 2015 14:33:13 GMT
Emma Lane says:
I'm about to start a new job as a Legal Cashier, is this still going to be helpful to me? Does it cover double entry, contra entries?
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