By Steven M. Bragg, E. James Burton

ISBN-10: 0471771562

ISBN-13: 9780471771562

ISBN-10: 0471784710

ISBN-13: 9780471784715

Once more, Bragg has became his discerning eye and bold skills on an issue and the consequences are extraordinary. either these new to the company and the normal entrepreneur will gain significantly whilst he joins forces with E. James Burton to provide this remarkable work.—Mary S. Schaeffer, Editorial Director money owed Payable Now & Tomorrow"I use the ideas and practices present in [this ebook] throughout the 12 months. they're transparent, direct, and efficient-which, in flip, improves our corporation and our final analysis. i like to recommend [this booklet] to someone desirous to enhance their very own backside line."—D. R. Drum, CIO, CSO Engineering/Accounting, Dragon Moon Productions"Eminently obtainable, this ebook is a must-read for the entrepreneur, either new and validated alike. Organizationally, the paintings flows easily and logically in a manner that's necessary for the start-up in addition to the veteran wanting a refresher on particular features of the small company accounting/financing photograph. i discovered really necessary the wealthy resourcefulness that Messrs Burton and Bragg delivered to the desk in compiling the basic checklists for each achievable nook of the entrepreneur's monetary realm from fraud prevention to financing innovations. As a small enterprise proprietor myself, i used to be good proud of the real-world suggestions and immediate 'useability' this publication offers."—David Struthers, JDFacilitator/Trial Lawyer"This ebook is key for any small company proprietor, supervisor, or accountant's company software equipment. This easy-to-read publication distills complicated subject material into significant and comprehensible details and is a smart refresher direction for these deeply serious about the accounting and monetary issues of a small company. The e-book comprises many examples that may be used instantly in day-by-day operations to enhance the standard of knowledge for larger determination making. The publication presents these taken with small enterprise the framework to regulate what they measure."—Jim Bologa, CFODaticon, Inc.

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Extra info for Accounting and Finance for Your Small Business

Sample text

Budget changing should not become a self-fulfilling prophecy. Budgets are planning tools, and, as such, comparisons between actual performance and projected performance often will show how well or poorly your project is proceeding. Updating budgets for better control is useful in order to improve the quality of decision making for the project. When budgets are used for control, regular feedback of information is needed. The establishment of reports is another critical element in the implementation phase.

Qxd 11/28/05 1:37 PM Page 44 SECTION Preparing to Operate the Business I 3. 4. 5. 6. 7. 8. 44 consistently applied at whatever level of management you have established. Cost reduction programs may be a rich source of capital budgeting projects. Cost reduction programs generally carry with them less risk than any other form of project, because they have obvious cost justifications. Potential payback periods and returns on investments can be calculated readily because the programs are intended to improve the cost efficiency of existing projects.

5. 6. 7. 8. 44 consistently applied at whatever level of management you have established. Cost reduction programs may be a rich source of capital budgeting projects. Cost reduction programs generally carry with them less risk than any other form of project, because they have obvious cost justifications. Potential payback periods and returns on investments can be calculated readily because the programs are intended to improve the cost efficiency of existing projects. Such programs, if adopted, help make employees feel that they are a part of the decision-making process, because a large part of these proposals usually are generated from line employees.

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Accounting and Finance for Your Small Business by Steven M. Bragg, E. James Burton


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