logging in or signing up Accounting is Easy aileen456 Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINTLite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 832 Category: Business & Fin.. License: All Rights Reserved Like it (4) Dislike it (0) Added: June 25, 2009 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... 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, Saving..... Post Reply Close Saving..... Edit Comment Close Premium member Presentation Transcript 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 You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Accounting is Easy aileen456 Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINTLite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 832 Category: Business & Fin.. License: All Rights Reserved Like it (4) Dislike it (0) Added: June 25, 2009 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... 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, Saving..... Post Reply Close Saving..... Edit Comment Close Premium member Presentation Transcript 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