UK bookkeeping and accounting basics for the rest of usUnless you're one of those rare "numbers people," the thought of accounting and bookkeeping probably make your head spin. While these pragmatic and confusing practices may not be fun for the rest of us, mastering them is absolutely essential in order to run and maintain a successful business. Thankfully, Bookkeeping & Accounting All-in-One For Dummies, UK Edition, is here to take the intimidation out of crunching numbers and offers easy-to-follow, step-by-step instruction on keeping your business' finances in order with information specific to a business in the United Kingdom.Written in plain English and packed with loads of helpful instruction, this approachable and all-encompassing guide arms you with everything you need to get up and running on all the latest accounting practices and bookkeeping software. Inside, you'll find out how to prepare financial statements, balance your books, keep the tax inspector off your back, and so much more.* Gives you access to supplemental online samples of bookkeeping forms, accounting templates, and spreadsheets* Includes many practical bookkeeping and accounting exercises and templates* Simplifies every aspect of accounting and record-keeping* Shows you how to run your business "by the books"If you're a small business owner or employee who is confused and intimidated by managing your accounts and books, this comprehensive guide empowers you to take charge of those pesky figures to keep your business afloat.

Introduction 1Book I: Basic Bookkeeping 5Chapter 1: So You Want to Do the Books 7Chapter 2: Getting Down to Bookkeeping Basics 19Chapter 3: Outlining Your Financial Roadmap with a Chart of Accounts 39Chapter 4: Looking at Ledgers 57Book II: Bookkeeping Day to Day 83Chapter 1: Planning and Controlling Your Workload 85Chapter 2: Counting Your Sales 99Chapter 3: Buying and Tracking Your Purchases 125Chapter 4: Doing Your Banking 141Book III: Undertaking Monthly and Quarterly Tasks 155Chapter 1: Adding the Cost of Value-Added Tax (VAT) 157Chapter 2: Employee Payroll and Benefits 171Chapter 3: Adjusting Your Books 191Book IV: Working to Prepare Financial Statements 209Chapter 1: Producing a Profit and Loss Statement 211Chapter 2: Developing a Balance Sheet 227Chapter 3: Cash Flows and the Cash Flow Statement 245Book V: Accountants: Managing the Business 269Chapter 1: Discovering Different Business Types 271Chapter 2: Choosing Accounting Methods 281Chapter 3: Managing Profit Performance 307Chapter 4: Cost Conundrums 331Chapter 5: Business Budgeting 355Book VI: Accountants: Working with the Outside World 379Chapter 1: Getting a Financial Report Ready for Prime Time 381Chapter 2: How Investors Read a Financial Report 401Chapter 3: Professional Auditors and Advisers 431Index 445