Accounting and Recordkeeping for the Self-Employed

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!Fox, Jack is the author of 'Accounting and Recordkeeping for the Self-Employed', published 1994 under ISBN 9780471032168 and ISBN 0471032166.