Chapter 1
Introducing the Bookkeeping Game
IN THIS CHAPTER
Working through the bookkeeping life cycle — from chrysalis to butterfly
Matching bookkeeping systems to the game in hand
Keeping the law on your side
Settling into a certain mindset
Deciding whether you need to get more training
In some ways, bookkeeping is like cooking up a fine meal. The process of washing and chopping and steaming and frying isn’t much to write home about. What makes everything worthwhile is the outcome: The hot taste in your mouth, the warm feeling in your belly. A good bottle of red simply adds to the fun.
In the same way, adding up receipts and paying bills aren’t the most exciting activities in the world. What brings the buzz to bookkeeping are the results: An organised office, cash in the bank and a set of financial reports that help a business succeed. After all, without a Profit & Loss report, how does a business know how it’s doing? And without a Balance Sheet, how can a business owner gauge ...
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