Practical Accounts & Bookkeeping in easy steps
3rd Edition
Published on 14. April 2025
Book
Paperback/Softback
288 pages
978-1-78791-026-3 (ISBN)
Description
3rd edition
Practical Accounts & Bookkeeping in easy steps, 3rd edition is updated to cover the latest UK legislation. It starts with the basics you need to know to record your day-to-day transactions and how they appear in Nominals, Trial Balance, Profit & Loss and the Balance Sheet. It then covers:
Understanding accounts and why they are important.
The legal documents required when preparing accounts.
What happens if accounts are not submitted in time, and when accounts need to be sent to authorities.
Creating a balance sheet using sales ledgers, purchase ledgers, and nominal ledgers.
VAT - registering, charging, and reclaiming.
Annual adjustments - Prepayments, Accruals, etc.
Calculating Profit for tax and Capital Allowances.
Key Accounting Principles: Double Entry, Direct and Indirect costs, Fixed and Current Assets, Depreciation, Capital Allowance, and more!
This book will help you make sense of the "daunting" accounts world. It will help you to spot problems in the accounts and explain them to others using the correct terminology. It will also show you how computer software has been designed to simplify the processes. Master basic bookkeeping, then work through the book at your own pace to get a deeper understanding of Accounts.
Practical Accounts & Bookkeeping in easy steps, 3rd edition is ideal for business owners as well as students.
Includes examples to practice, and a Questions and Answers section to test yourself!
Practical Accounts & Bookkeeping in easy steps, 3rd edition is updated to cover the latest UK legislation. It starts with the basics you need to know to record your day-to-day transactions and how they appear in Nominals, Trial Balance, Profit & Loss and the Balance Sheet. It then covers:
Understanding accounts and why they are important.
The legal documents required when preparing accounts.
What happens if accounts are not submitted in time, and when accounts need to be sent to authorities.
Creating a balance sheet using sales ledgers, purchase ledgers, and nominal ledgers.
VAT - registering, charging, and reclaiming.
Annual adjustments - Prepayments, Accruals, etc.
Calculating Profit for tax and Capital Allowances.
Key Accounting Principles: Double Entry, Direct and Indirect costs, Fixed and Current Assets, Depreciation, Capital Allowance, and more!
This book will help you make sense of the "daunting" accounts world. It will help you to spot problems in the accounts and explain them to others using the correct terminology. It will also show you how computer software has been designed to simplify the processes. Master basic bookkeeping, then work through the book at your own pace to get a deeper understanding of Accounts.
Practical Accounts & Bookkeeping in easy steps, 3rd edition is ideal for business owners as well as students.
Includes examples to practice, and a Questions and Answers section to test yourself!
More details
Series
Edition
3rd edition
Language
English
Place of publication
Southam
United Kingdom
Product notice
Paperback (trade)
Illustrations
Full colour screenshots, photographs, and diagrams; Illustrations
Dimensions
Height: 225 mm
Width: 185 mm
Thickness: 16 mm
Weight
570 gr
ISBN-13
978-1-78791-026-3 (9781787910263)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Alex Byrne worked for HM Revenue & Customs (HMRC) for 23 years and was a senior Inspector of Taxes. He began his own tax consultancy business in 1997. He has been helping people with their tax and accountancy problems ever since, dealing with HMRC tax investigations, HMRC driven insolvencies, Capital Gains Tax problems, PAYE and Minimum National Wage settlements and any problem that anyone has with tax and HMRC. He assists with an accountancy practice and over the years has seen people get into difficulties with Companies House and HMRC often as a result of poor record keeping and failing to meet deadlines. He has seen the problems first as an Inspector of taxes and then as a tax adviser, and has worked tirelessly to produce improved computer records and record systems so business accounts can be produced efficiently at a reasonable cost.
Content
Introduction
Annual Accounts
Balance Sheet
Record Keeping
Understanding Accounts
VAT
Companies
Double Entry
Nominal Accounts
Double Entry for VAT
Accounting Software
Other Financial Statements
Business Tax
Glossary
Test Yourself!
Annual Accounts
Balance Sheet
Record Keeping
Understanding Accounts
VAT
Companies
Double Entry
Nominal Accounts
Double Entry for VAT
Accounting Software
Other Financial Statements
Business Tax
Glossary
Test Yourself!