Description
This is not theory but Practical Bookkeeping and Accounts for a small businesses, using software. It’s guidance towards the extraction of Final Accounts and a Tax Report. It’s very helpful to a Freelancer, a knowledge seeker, or those studying at any level since it’s an introduction to Practical or Mobile Accounts. No definitions or terminologies to master, Just a quick App overview and start recording documents. This includes; Income (Point of Sale), Expenses, Capital, Bank Deposit and Withdraw, Loan and Interest, Rent, Personal Cash, Tablet Computer, and Tax Paid. Information is copied from documents onto prescribed recording forms, which open with most information automated. For each recording we look at its cummulative impact to the General Ledger and Trial Balance. The other reports addressed are; Cash Register, Stock Information, Stock Movement and Closing Balance, Annual Sales and Profit, Final Trial Balance, Notes to Financial Statements, Profit and Loss account, Balance Sheet, plus the Dashboard.
