Accounting 101 - E-book - ePub

An??n? who's w?rk?d in an office at ??m? ??int ?r ?n?th?r has h?d to go to ????unting. Th??'r? th? ????l? wh? ??? and send out th? bills that k??? the bu?in??? running. Th?? do a l?t more th?n that, th?ugh. S?m?tim?? r?f?rr?d t? ?? "b??n ??unt?r?" they ?l?? k??? th?ir ??? ?n profits, costs ?nd l?????. Unless ??u'r? running your ?wn bu?in??? ?nd ??ting as ??ur ?wn ????unt?nt, ??u'd h?v? n? w?? of kn?wing just how ?r?fit?bl? - ?r n?t - ??ur bu?in??? i? with?ut some f?rm of accounting.
N? m?tt?r wh?t bu?in??? ??u'r? in, ?v?n if ?ll you d? is b?l?n?? a ?h??kb??k, that's ?till ????unting. It's ??rt ?f ?v?n a kid'? lif?. Saving an ?ll?w?n??, ???nding it ?ll at once - th??? ?r? ????unting ?rin?i?l??. Wh?t ?r? some other bu?in????? where ????unting i? ?riti??l? Well, f?rm?r? n??d t? follow ??r?ful ????unting ?r???dur??. Many ?f th?m run their f?rm? ???r t? ???r b? taking l??n? to plant th? crops.
If it'? a good ???r, a profitable ?n?, th?n they ??n pay ?ff th?ir l??n; if n?t, th?? might h?v? t? ??rr? th? l??n ?v?r, ?nd ???ru? m?r? interest charges. Ev?r? bu?in??? and ?v?r? individu?l needs t? h?v? ??m? kind of ????unting ???t?m in th?ir liv??. Otherwise, the fin?n??? can g?t ?w?? from th?m, they don't kn?w wh?t th??'v? ???nt, ?r wh?th?r th?? ??n expect a ?r?fit ?r a loss from th?ir bu?in???.