Book Image

Gnucash 2.4 Small Business Accounting: Beginner's Guide

4 (1)
Book Image

Gnucash 2.4 Small Business Accounting: Beginner's Guide

4 (1)

Overview of this book

Attention, small business owners! Stop tax-day stress. Stop procrastinating with a shoebox full of receipts. Stop reinventing the wheel with a spreadsheet. Stop making decisions simply on a hunch. Stop wasting money on software that is overkill. Start by downloading GnuCash and getting your accounts in order. Designed to be easy to use, yet powerful and flexible, GnuCash allows you to track bank accounts, income, and expenses. As quick and intuitive to use as a checkbook register, it is based on professional accounting principles to ensure balanced books and accurate reports. You can do it and Gnucash 2.4 Small Business Accounting Beginner's Guide will help you get up and running with maintaining your accounts. Gnucash 2.4 Small Business Accounting Beginner's Guide speaks business language, not accountant-speak, because it is written by a former small business owner. It guides you to use GnuCash from scratch with step-by-step tutorials without jargon, pointing out the gotchas to avoid with lots of tips. It will teach you to work on routine business transactions while migrating transaction data from other applications gradually. You will be able to keep on top of transactions and run reports after reading just three chapters! Beyond Chapter 3, it is up to you how far you want to go. Reconcile with your bank and credit card statements. Charge and pay sales tax. Do invoicing. Track payments due. Set up reminders for bills. Avoid stress at tax time. Print checks. Capture expenses using your mobile phone. Gnucash 2.4 Small Business Accounting Beginner's Guide gives you the power. Know your numbers. Make decisions with confidence. Drive your business to its full potential.
Table of Contents (20 chapters)
Gnucash 2.4 Small Business Accounting
Credits
About the Author
About the Reviewers
www.PacktPub.com
Preface
Index

Chapter 5. Repetitive Work? Let GnuCash do it

"You're a business owner, not a "numbers" person – but you still need a basic understanding of accounting and finance if you're going to stay in the black." – from the editorial review of a book on finance and accounting for entrepreneurs.

According to professional dog trainers, training your dog to fetch the daily newspaper is not really difficult, as long as your dog is big enough to carry a newspaper in its mouth. Some dogs are natural fetchers and carriers, and some will never want to do this. If your dog likes playing fetch, you can teach the dog to bring in the paper with the help of some incentives, such as dog biscuits. Having taught your dog, you can check one recurring task neatly taken care of.

As a small business you will have a number of transactions that repeat monthly. In some types of businesses, you might have transactions that repeat semi-monthly, weekly, or even daily as well. Examples are expenses such as rent, utility bills...