bookkeeping for beginners in Small Business
Set up your bookkeeping records and processes the right way with confidence.
Where to start with your bookkeeping
To maintain an effective accounts system, a business cannot survive without:
good bookkeeping software or templates
Details of different software options - paid and free - to help you select the one that suits you best. There is also a range of Excel templates to choose from.
the right day-to-day procedures
How-to guides for basic bookkeeping including banking, petty cash care, accounts receivable and payable, filing systems, and more day-to-day tips, and the year-end checks.
clear financial reports
Which pull all the information together so you know what the result is of all your hard work:
Profit and Loss Report, Balance Sheet and Cash Flow.
good bookkeeping software or templates
Details of different software options - paid and free - to help you select the one that suits you best. There is also a range of Excel templates to choose from.
the right day-to-day procedures
How-to guides for basic bookkeeping including banking, petty cash care, accounts receivable and payable, filing systems, and more day-to-day tips, and the year-end checks.
clear financial reports
Which pull all the information together so you know what the result is of all your hard work:
Profit and Loss Report, Balance Sheet and Cash Flow
Get the inside info on:
- How to track your income and expenses
- Processing bank reconciliations
- Understanding reports
- Free Software choices
- Invoicing customers (AR)
- Tracking bills (AP)
- The nitty-gritty about journals and ledgers
- and lots more
I take you through the principles and methods of entering financial data into the business books using our popular Excel Cash Book in an organized way...
...so you can put it into practice and be confident that you are getting the basics right, and can trust your figures.
bookkeeping 1011
Single Entry where figures are entered once - this is the cash book - great for starting up small and for easing you in to the next method.
Double entry where the same amount is literally entered twice to 'balance the books' - a term you may have heard before. This sections goes through the accounting equation, source documents, journals and ledgers plus quizzes.
Terms Glossary which gives you definitions of the common words used in bookkeeping from A-Z.
Questions find answers to some common questions
tutorials and examples
There are plenty of tutorials with examples and practice sheets, like these:
Bookkeeping Tips
Bank Reconciliations
Journal Entries
Free Bookkeeping Courses
Templates
Over 15 free Excel templates designed for business and students.
30 free PDF forms that can be printed and used by small business owners who prefer manual bookkeeping, or anyone wanting to practice like a student.
deciding if you bookkeeping for your own business
When planning your business you have to decide how you are going to tackle the financial records.
Every business needs to have a structured method of recording the money coming in and going out the bank.
The question is whether or not you as the business owner with limited knowledge want to do this job yourself or hire the services of a professional.
If you have enthusiasm, patience, and time then your answer can be yes to doing it yourself!
If you are starting out as a 'solopreneur' and are on a tight budget, you can start here and when your business grows, upgrade to a professional bookkeeper, or even AI accounting if you are so inclined.
Remember to Bookmark this site so you can easily return!
what others say
Mathew
"I just want to say thank you for this incredible site!! I've yet to get a handle on my bookkeeping but for the first time ever, I'm actually feeling slightly comfortable about facing this task. I hope to get a better handle on my personal budget as well as my business accounts! Thank you for this very impressive layout of documents and information!
Dale
"I have been in here extensively and have made use of your Excel Cash Book file. What a truly amazing initiative you have put together here. I am so glad to have come across your website - can not give enough good praise. You far exceed any expectations - most of us are always so doubtful of someone actually coming through due to historically encountering failure after failure from the myriad of "free" and "I can help" site after site. You deliver exactly what you say (and then some). Again, thank you very much
Ana
"I cannot thank you enough for your site and all the expertise put in such a simple manner! I've started self- employment and running the finances of my business was a terror! Not anymore! I can grasp the basics and learn a little more everyday with your information!
Mathew
"I just want to say thank you for this incredible site!! I've yet to get a handle on my bookkeeping but for the first time ever, I'm actually feeling slightly comfortable about facing this task. I hope to get a better handle on my personal budget as well as my business accounts! Thank you for this very impressive layout of documents and information!
Dale
"I have been in here extensively and have made use of your Excel Cash Book file. What a truly amazing initiative you have put together here. I am so glad to have come across your website - can not give enough good praise. You far exceed any expectations - most of us are always so doubtful of someone actually coming through due to historically encountering failure after failure from the myriad of "free" and "I can help" site after site. You deliver exactly what you say (and then some). Again, thank you very much
Ana
"I cannot thank you enough for your site and all the expertise put in such a simple manner! I've started self- employment and running the finances of my business was a terror! Not anymore! I can grasp the basics and learn a little more everyday with your information!
Got Questions or Want to Leave a Comment?
Contact Me
Track your income and expenses in the Cash Book template, and instantly know your profit.
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