All firms have to cope with accounts, whether they are small businesses employing many people, sole traders or partnerships. This updated edition gives detailed guidance to the non-accountant on how to deal with everyday financial matters. The author offers simple and practical advice on: making sense of a profit and loss account and balance sheet; managing cash flow; pricing your time and your product; controlling stocks; and using budgets to plan for profits. Annual accounts are analyzed and explained and the importance of planning ahead to improve the financial situation is made clear.
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