Accounting is Easy

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By: asean3d (16 month(s) ago)

Hi there, I find your ppt is very interesting, is it possible for me to download a copy and keep for private use.Many thanks in advance. cheers,

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Slide 1: 

Aileen Hannan Co-owner of SortMyBooks Software and Training for Small Businesses “Accounting is EASY!”www.sortmybooks.com

Slide 2: 

What I spent on wages, advertising, etc What I sold What loans I have out What big things I bought, vans, equipment etc Who owes me money Who I owe money to What's in my bank How many customers I have What you already know

Who else wants to know? : 

Who else wants to know? Bank Revenue Investors Customers Suppliers Translator

Profit & Loss / Balance Sheet : 

Profit & Loss / Balance Sheet Sales Running Costs Debtors Bank Balance Fixed Assets Creditors Loan/Overdraft Profit

Banks/Investors : 

Balance Sheet Debtors Bank Balance Fixed Assets Creditors Loans/Overdraft Banks/Investors < Assets < Liabilities Liquidity Ratio Assets/Liabilities 1:1 is good 2:1 is better

Banks/Investors : 

Banks/Investors How good an asset is your Debtors? Owed to me now = 6000 Sold on average 100 per day Time to collect = 60 days (6000/100) Debtors = 6000 Sales = 36,500 Debtor Days = 60 National Average is 65 days

Investors : 

Investors Profit Margin % Profit divided by Sales x 100 Average spend per customer Sales / no of customers Trending

Why excel is NOT an Accounts Package : 

Why excel is NOT an Accounts Package Invoice in WORD VAT in Excel Ad hoc Statements Mid year box to accountant for bank meeting Year end box and spreadsheets to the accountant for the Revenue

Why to use a real accounts package : 

Why to use a real accounts package Enter ONCE, Use it many timesSales, Purchases, Lodgements, Payments Generate compliance info (VAT, Profit) admin (Invoicing, Statements) information (Ratios, Trends) ONE HOUR A WEEK!

Slide 12: 

Record your purchase

Slide 13: 

Record your Money Received

Slide 16: 

Statement/Reminder

Slide 17: 

VAT Return

Slide 18: 

Form 11 Sole Trader Filing

Slide 19: 

What I spent on wages, advertising, etc What I sold What loans I have out What big things I bought, vans, equipment etc Who owes me money Who I owe money to What's in my bank How many customers I have What you already know

Slide 22: 

Aileen Hannan Co-owner of SortMyBooks Software and Training for Small Businesses “Financial Control in an Hour a Week” See something get Lost in Translation: http://www.youtube.com/watch?v=KXBEoBr5ttM Download SortMyBooks: ww.sortmybooks.com