Ed Wuensche founded Greater Houston Business Services in 1971. Having provided financial statements over many years, he has observed and identified practical information which can lead to a successful business. He writes about it in Bookkeeping Management, information which can be easily learned without any previous accounting knowledge. Point 1: Learning the components of the Income Statement and Balance Sheet. You will learn the > Point 2: Understanding how the business is doing on a profit bases. That means knowing how to detect problems in your business by studying the Income Statement and Balance Sheet. These statements should > Point 3: Make sure your books are kept on the accrual basis, not the cash basis. This book explains > Point 4: Make sure your Income Statement and Balance Sheet are correct. Bookkeeping Management shows you what to do to assure those statements are true. Though you may have > Point 5: You bought an apple for $5.00 and sold it for $10.00. You expected a $5.00 profit, but the books show you only made $2.00. Explore why that happens. Similar examples can apply to sales of services as well. The book explains how a lower than expected profit is usually due to an operational or theft problem. Point 6: Besides the above, events can happen that can derail the business unexpectedly. This book has 30 pages of tips, pitfall stories, other information, and 7 client stories with lessons learned. NOTE: Learn as much as you can on you own about your particular industry, expected and unexpected shocks that could affect profits. That could save you lots of heartaches down the >The greatest tragedy is a competent business owner, who works long hours every day, but makes little profit or goes out of business. Bookkeeping Management, is a practical 172 page guide and can be very helpful to such a person or to someone just going into business. Buy today to have maybe one of the most informative and practical business books you can read.
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