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New (3rd) edition: 9781787910263 available March 2025

This second edition of
Practical Accounts & Bookkeeping in easy
steps has been updated to cover the latest UK legislation. It
starts with the basics you need to know to record your day-to-day transactions
and how they appear in Nominals, Trial Balance, Profit & Loss and the
Balance Sheet. It then
covers:

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
Creating a balance sheet using sales ledgers,
purchase ledgers and nominal ledgers
VAT - registering,
charging and reclaiming
Annual adjustments - Prepayments,
Accruals, etc.
Calculating Profit for tax and Capital
Accounts
Key Accounting Principles: Double Entry, Direct
and Indirect costs, Fixed and Current Assets, Depreciation, Capital Allowance,
and more!

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 also show you
how computer software has been designed to simplify the processes.

Master
basic bookkeeping, then work through the book at your own pace to get a deeper
understanding of Accounts. Practical Accounts &
Bookkeeping in easy steps, 2nd edition is ideal for business
owners as well as students.

Includes examples to practice,
and a Questions and Answers section to test yourself!