Practical Accounts & Bookkeeping in Easy Steps

The second edition of Practical Accounts and Bookkeeping in easy steps provides assistance for anyone unfamiliar with UK accounts, either already in the business world or waiting for that crucial moment to enter it. From 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, to the more complex scenarios of creating a balance sheet using sales ledgers, purchase ledgers and nominal ledgers, this book shows you how in easy to follow steps.

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 show you how to get to grips with Double Entry bookkeeping, and its importance, together with how computer software has been designed to simplify the processes. Practical Accounts and Bookkeeping in easy steps is certain to help the non-accountant understand UK businesses finances, assisting in making your company as successful as possible.

This second edition is updated to cover the latest UK legislation.

Alex Byrne worked for HM Revenue & Customs (HMRC), UK for 23 years and was a senior Inspector of Taxes. He began his own tax consultancy business in 1997. Alex is also the author of the first edition of Practical Accounts & Bookkeeping in easy steps.