Basic Accounting

This step-by-step guide aims to explain everything the reader needs to know about basic accounting, from how budgets work to breakdowns analysis. Topics covered include: how to read a profit and loss account and balance sheet; how to interpret annual accounts; and the meaning of accounting terms.

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Around 96 per cent of businesses in Britain employ fewer than 20 people, most of which do not have full-time accounts departments. This step-by-step guide aims to explain everything the reader needs to know about basic accounting, from how budgets work to breakdowns analysis. Topics covered include: how to read a profit and loss account and balance sheet; how to interpret annual accounts; what the tax inspector looks for when examining accounts; the meaning of all accounting terms; and how to manage a business using cash flow forecasts and budgets. A 30-day trial CD containing the full version of the Sage Instant Accounts and Instant Payroll packages is included.