Suggested Reading Instructions
Limited financial knowledge:
Maybe read the 7 client stores (pages 107 – 114)
Tips, Pitfalls with stories, info (pages 115 – 145)
Then can start reading the book.
Besides learning the Income Statement (pages 1 – 53)
and the Balance Sheet (pages 55- 85)
VERY IMPRTANT: Accrual vs Cash Method (pages 87 – 91)
Verify numbers on Statements (pages 93 – 96)
Member of organizations:
Besides learning the Income Statement (pages 1 – 53)
and the Balance Sheet (pages 55- 85)
VERY IMPRTANT: Accrual vs Cash Method (pages 87 – 91)
Verify numbers on Statements (pages 93 – 96)
Retail Business:
Besides learning the Income Statement (pages 1 – 53)
Balance Sheet: (pages 55 – 85)
Accrual vs Cash Method (pages 87 – 91)
Daily Cash reconciliation (pages 147 – 153)
Verify numbers on Statements (pages 93 – 96)
Service Business:
Besides learning the Income Statement (pages 1 – 53)
Balance Sheet (pages 55 – 85)
Verify numbers on statements (pages 93 – 96)
Job costs (non retail) (pages 155 – 159)
Manufacturing Business:
Similar to retail except products sold were made than bought.
For All:
Read the balance of the book that interests you.