Shows the non-accountant how to understand business finances – in easy steps. Master basic bookkeeping: sales ledgers, purchase ledgers and nominal ledgers, VAT, Capital Accounts, Double-Entry Bookkeeping, Fixed and Current Assets, and more! 

This second edition of Practical Accounts & Bookkeeping in easy steps, 3rd edition 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:

About the author

Alex Byrne worked for HM Revenue & Customs (HMRC) for 23 years and was a senior Inspector of Taxes. He began his own tax consultancy business in 1997. He has been helping people with their tax and accountancy problems ever since, dealing with HMRC tax investigations, HMRC driven insolvencies, Capital Gains Tax problems, PAYE and Minimum National Wage settlements and any problem that anyone has with tax and HMRC. He assists with an accountancy practice and over the years has seen people get into difficulties with Companies House and HMRC often as a result of poor record keeping and failing to meet deadlines. He has seen the problems first as an Inspector of taxes and then as a tax adviser, and has worked tirelessly to produce improved computer records and record systems so business accounts can be produced efficiently at a reasonable cost.

1. Introduction
2. Annual Accounts
3. Balance Sheet
4. Record Keeping
5. Understanding Accounts
6. VAT
7. Companies
8. Double Entry
9. Nominal Accounts
10. Double Entry for VAT
11. Accounting Software
12. Other Financial Statements
13. Business Tax
14. Glossary
15. Test Yourself!