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BOOKKEEPING MANAGEMENT by Ed Wuensche



A financial statement is often an intimidating document for business owners. Learn how to read, understand, and manage your income statement and balance sheet.

As a business owner or manager, you rely on your certified public accountant (CPA) to navigate the often-turbulent waters of business finance. While your CPA has years of financial information at his or her disposal, you may not. This lack of knowledge can make it difficult to understand your income statement and balance sheet.

Fortunately, you don't need to be a CPA to understand either document. Bookkeeping Management provides you with the financial knowledge you need to

  • assess your business's financial strength,
  • use the balance sheet to control business operations,
  • learn the importance of using the accrual method,
  • discover how inventory numbers affect you net income,
  • verify your income statement and balance sheet are correct,
  • set up a daily cash reconciliation system,
  • protect entities from cash theft,
  • and much more!

Ed Wuensche, a veteran in the world of financial statement preparation, supports his thorough explanations of income statements and balance sheets with real-life stories from his own clients' experiences to help you avoid common pitfalls and mistakes.

Learn to avoid problems and maximize your understanding of financial statements with Wuensche's practical, actionable advice. Bookkeeping Management won't make you a CPA, but you'll better understand what it is your CPA does.

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