Radically Simple Accounting: A Way Out of the Dark and Into the Profit [Paperback]

Madeline Bailey (Author)

Book Description

ISBN-10: 1419616722 | ISBN-13: 978-1419616723 | Publication Date: December 5, 2005

Radically Simple Accounting introduces a new way of learning accounting that successful people--from students to stars--find engaging.

This easy-to-learn system works with all accounting software, all types of private businesses, and individuals who are a "business of one." If you receive a 1099 tax form, you are a "business of one."

Finally, something "new and different in accounting"! Did you know that if you set up, or customize, your software chart of accounts according to your way of doing business, you'll easily understand your GAAP Profit and Loss Report and Balance Sheet--your scorecards with the world of business? This is the primer!

Whether you do the bookkeeping yourself, or manage a bookkeeper, don't you want to know if you are wining or losing...if your financial advisors are making sense or nonsense? Toss out those antiquated accounting books. Jump into the first user-friendly accounting book. With humor and clarity, you'll be guided to victory in your quest to gain control of your finances, and make more profit!

Editorial Reviews

Review

Makes accounting accessible to even the most ignorant bookkeeping novice. By using common analogies, the author reduces complex information into concepts that are easy to understand. It's so nice...definitions in the text. --Writer Digest Magazine

Keeps its promise to make accounting both enlightening and engaging. Whether you want to do the books, bring order to your finances, or simply understand what your bookkeeper is up to, this is a great investment. --Hugh O'Donnell, Mentor Learning LLC

Book Review: "Of all the accounting textbooks or educational literature I've read or been subject to, this one may be the easiest to understand and apply in the real world. I think this book should be required reading for all entrepreneurs thinking of starting their own business or those who continually have trouble communicating effectively with that highly paid accountant they use." --Scott D. Hayes, Controller for the Department of Fish and Wildlife, Oregon

From the Author

I invite you to come out of the dark and into the profit. Read Radically Simple Accounting (previously titled Radical Accounting ), and the next time you meet with your financial advisor, angel investor, loan officer, CPA, tax expert, and investment counselor, you'll speak their language. Once you show them you can "talk the talk" and know the rules, they'll see that you have what it takes to win!

See all Editorial Reviews

Product Details

• Paperback: 190 pages
• Publisher: QC Computing (December 5, 2005)
• Language: English
• ISBN-10: 1419616722
• ISBN-13: 978-1419616723
• Product Dimensions: 6.1 x 9.2 x 0.4 inches
• Shipping Weight: 4 ounces (View shipping rates and policies)
• Average Customer Review: 4.9 out of 5 stars  See all reviews (7 customer reviews)
• Amazon Best Sellers Rank: #1,075,308 in Books (See Top 100 in Books)

More About the Author

Madeline Bailey is well-suited to develop a simpler way to teach entrepreneurial accounting to business owners and accounting students. As a software developer, she programmed internationally distributed software. As an entrepreneur, she partnered a software publishing business. As a top-ranking Advanced Certified & Enterprise Certified QuickBooks Professional Advisor in Bellevue, WA, she helps clients improve their profitability. Now, as the author of Radically Simple Accounting, she opens her heart to share her new methodology with you.

Customer Reviews

Most Helpful Customer Reviews

7 of 7 people found the following review helpful:

5.0 out of 5 stars Getting rid of the paper!, February 1, 2006

By 

A. Magnee (Los Gatos, Ca.) - See all my reviews
(REAL NAME)   

This review is from: Radically Simple Accounting: A Way Out of the Dark and Into the Profit (Paperback)

I used QuickBooks at my previous job but it was all setup for me. That owner retired so I got a new, better paying job, but I thought I might be in over my head. The owner was disorganized with papers everywhere. He didn't seem ready to want to get rid of all that paper.

I thought I'd give this book a try. I went directly to the section titled, "From Disaster to Organization in One Day Straight," in the chapter on "Filing Systems".

What a big help this was to me! The whole book is great! Spending $20 to keep my job-the author would call that profitable! I call it wonderful.

5 of 5 people found the following review helpful:

5.0 out of 5 stars very useful, February 2, 2006

By 

Shawna Tappman (New York, NY) - See all my reviews

This review is from: Radically Simple Accounting: A Way Out of the Dark and Into the Profit (Paperback)

I found this book very useful. It is easy to understand. There is not a lot written for small business people that has so much good information that is so easy to make sense of. I used the book to change our accounting structure and it all makes much more sense to me now than it did.

4 of 4 people found the following review helpful:

5.0 out of 5 stars Every small business owner should read this book!, July 8, 2009

By 

Linda Miller "CPA" (New Orleans) - See all my reviews
(REAL NAME)   

This review is from: Radically Simple Accounting: A Way Out of the Dark and Into the Profit (Paperback)

I am a CPA in public practice and I highly recommend this book. Radical Accounting amazed me with how simply Madeline explains accounting for small businesses. She captivates the reader with charm and humor while enlightening non-accountants with the basics necessary to running a business. I have encountered huge disasters in client's Quick Books files. The resulting bill to the client is commensurate with the quality of their accounting system.

Chapter 3: "Liberation from Chaos" is exactly that! As a CPA, we advise our clients to do what they do best - their specialty - and leave the accounting to us. With a clean set of books you can easily manage the necessary bookkeeping to pass your files to your Accountant at year end. I do recommend you consult your Accountant before making changes. Your goal is good, clean books and a smaller tax bill at year end!

I met Madeline a year ago at a meeting of the Professional Society of Women Accountants and bought her book. It sat on my shelf until my sister visited me in New Orleans and read it cover to cover. She has been a small business owner for 30 years and after reading it said she finally understood the full picture. She was eagerly anticipating going home and refining her chart of accounts.