Comments on: Basic Accounting Terms and Concepts For Small Businesses http://fitzvillafuerte.com/basic-accounting-terms-and-concepts-for-small-businesses.html Money, Business and Personal Finance Thu, 18 Mar 2010 17:19:23 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Reader Mail #10: Investing, Accounting, Inventions and More http://fitzvillafuerte.com/basic-accounting-terms-and-concepts-for-small-businesses.html#comment-36749 Reader Mail #10: Investing, Accounting, Inventions and More Wed, 23 Sep 2009 02:18:25 +0000 http://fitzvillafuerte.com/?p=1420#comment-36749 [...] Related: Basic Accounting Terms and Concepts For Small Businesses [...] [...] Related: Basic Accounting Terms and Concepts For Small Businesses [...]

]]> By: Top 10 Home Business & Small Office Reads of 2009/07/22 | Make Money Online http://fitzvillafuerte.com/basic-accounting-terms-and-concepts-for-small-businesses.html#comment-32024 Top 10 Home Business & Small Office Reads of 2009/07/22 | Make Money Online Thu, 30 Jul 2009 10:28:35 +0000 http://fitzvillafuerte.com/?p=1420#comment-32024 [...] fitzvillafuerte.com:- Basic Accounting Terms and Concepts For Small Businesses [...] [...] fitzvillafuerte.com:- Basic Accounting Terms and Concepts For Small Businesses [...]

]]> By: Ayin http://fitzvillafuerte.com/basic-accounting-terms-and-concepts-for-small-businesses.html#comment-23753 Ayin Sun, 24 May 2009 04:40:02 +0000 http://fitzvillafuerte.com/?p=1420#comment-23753 Hi Fitz, this is a great article to start from for new entrepreneurs. I suggest that they invest on buying book that Accounting students are using, its called Accounting 1/2 or Basic Accounting book of any authors its okay. They can ask in National Bookstore or if they want cheaper just go to Recto along university belt. For accounting student, its essential that this Accounting basics are fully understood. This book is one of the most important foundation of accounting courses. It will cost you only less than 500 pesos and its handy whenever you need it. Just remember, RECORD every sales and payments you receive and expenses that you spend relating to your business. Write it first in your own terms and search in the book the related Chart of Accounts. And start from that first step. Goodluck everybody!! Hi Fitz, this is a great article to start from for new entrepreneurs. I suggest that they invest on buying book that Accounting students are using, its called Accounting 1/2 or Basic Accounting book of any authors its okay. They can ask in National Bookstore or if they want cheaper just go to Recto along university belt. For accounting student, its essential that this Accounting basics are fully understood. This book is one of the most important foundation of accounting courses. It will cost you only less than 500 pesos and its handy whenever you need it.

Just remember, RECORD every sales and payments you receive and expenses that you spend relating to your business. Write it first in your own terms and search in the book the related Chart of Accounts. And start from that first step.

Goodluck everybody!!

]]> By: Fitz http://fitzvillafuerte.com/basic-accounting-terms-and-concepts-for-small-businesses.html#comment-21470 Fitz Wed, 06 May 2009 08:04:51 +0000 http://fitzvillafuerte.com/?p=1420#comment-21470 Hi Anne, P5200 = P5400 - P200 : That is your gross sales (P180 x 30 pieces) less the rent (P200) :) Hi Anne,

P5200 = P5400 – P200 : That is your gross sales (P180 x 30 pieces) less the rent (P200) :)

]]> By: Anne http://fitzvillafuerte.com/basic-accounting-terms-and-concepts-for-small-businesses.html#comment-21466 Anne Wed, 06 May 2009 07:53:48 +0000 http://fitzvillafuerte.com/?p=1420#comment-21466 Hi Fitz! Thank you for sharing basic accounting lesson...I'm just wondering where the cash on hand value(5,200) in your example came from? untill now i'm still thinking about that :) Hi Fitz!

Thank you for sharing basic accounting lesson…I’m just wondering where the cash on hand value(5,200) in your example came from? untill now i’m still thinking about that :)

]]> By: Nicole http://fitzvillafuerte.com/basic-accounting-terms-and-concepts-for-small-businesses.html#comment-21428 Nicole Wed, 06 May 2009 01:41:12 +0000 http://fitzvillafuerte.com/?p=1420#comment-21428 Hello, nice website you have here. I am also building my E-learning MBA master degree at http://learningmbamasterdegree.blogspot.com Shall we do a link exchange ? Hello, nice website you have here. I am also building my E-learning MBA master degree at http://learningmbamasterdegree.blogspot.com

Shall we do a link exchange ?

]]> By: Fitz http://fitzvillafuerte.com/basic-accounting-terms-and-concepts-for-small-businesses.html#comment-19823 Fitz Mon, 27 Apr 2009 09:43:21 +0000 http://fitzvillafuerte.com/?p=1420#comment-19823 @Jay We have a similar experience. I was also able to attend an accounting seminar in my office back then and I didn't appreciate it until I resigned and became an entreprenuer. :D @Debbie Wow, thanks for the book recommendation. I'll try to search for that book myself. @Micamyx I'm actually thinking about that. But not now, hopefully by next year. ;) @Jay
We have a similar experience. I was also able to attend an accounting seminar in my office back then and I didn’t appreciate it until I resigned and became an entreprenuer. :D

@Debbie
Wow, thanks for the book recommendation. I’ll try to search for that book myself.

@Micamyx
I’m actually thinking about that. But not now, hopefully by next year. ;)

]]> By: Micamyx http://fitzvillafuerte.com/basic-accounting-terms-and-concepts-for-small-businesses.html#comment-19723 Micamyx Sun, 26 Apr 2009 17:22:02 +0000 http://fitzvillafuerte.com/?p=1420#comment-19723 Please publish a book with your articles :D Please publish a book with your articles :D

]]> By: Debbie Lacy http://fitzvillafuerte.com/basic-accounting-terms-and-concepts-for-small-businesses.html#comment-18837 Debbie Lacy Mon, 20 Apr 2009 13:40:14 +0000 http://fitzvillafuerte.com/?p=1420#comment-18837 Thanks for sharing about your learning curve in this area. I wanted to recommend the best book I've found for small business accounting -- Radical Accounting by Madeline Bailey. She writes in a common sense way, with real life examples and even a sense of humor. She covers all the basics and really emphasizes maximizing use of your reports to make better profit. Thanks for sharing about your learning curve in this area.

I wanted to recommend the best book I’ve found for small business accounting — Radical Accounting by Madeline Bailey. She writes in a common sense way, with real life examples and even a sense of humor. She covers all the basics and really emphasizes maximizing use of your reports to make better profit.

]]> By: Jay Castillo http://fitzvillafuerte.com/basic-accounting-terms-and-concepts-for-small-businesses.html#comment-18764 Jay Castillo Mon, 20 Apr 2009 00:05:30 +0000 http://fitzvillafuerte.com/?p=1420#comment-18764 Great article Fitz. I remember I attended a seminar for "Accounting for non-accountants at the office many years ago but I didn't appreciate it very much then. Now, accounting is something I can't do without and I started using MS Money to help me with this more than a year ago to keep track of everything, but I will have to consider hiring an accountant soon. Thanks for the very informative article! Great article Fitz. I remember I attended a seminar for “Accounting for non-accountants at the office many years ago but I didn’t appreciate it very much then. Now, accounting is something I can’t do without and I started using MS Money to help me with this more than a year ago to keep track of everything, but I will have to consider hiring an accountant soon. Thanks for the very informative article!

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