Business Setup

[deane@gooroos.com]

On Mon, Dec 16, 2002 at 11:24:23AM -0500, Lane P. Lester wrote:
>
> Everything's fine with my personal accounts; my business accounts are the
> problem.
> 
> I don't necessarily want all the accounts to make an accountant happy; I
> just want what's needed for an accurate picture of what's going on.

I found the following two sites useful in getting a handle on the sort of
account structure I needed:

	http://www.onlinewbc.gov/docs/finance/bkpg_basic1.html
	http://www.access.wvu.edu/class/acctutor/accthome.htm

The latter is grotesquely designed, but nonetheless contains some useful
information, especially on doing adjusting entries at the end of a
financial period (if you're into that much detail).

> The main source of income for my business is publishing a single book.
> The major expense is for printing, and most of the sales are to
> bookstores. I would like to have the value of the inventory show up
> somewhere, but it doesn't.
> 
> Can you point me to some information for setting up the appropriate
> accounts?

The first site that I gave above has a link to a 'Monthly walk-through'
which deals with the handling of inventory, among other things.

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