The size of this accounting ledger is handy and easy to carry around. It is in a simpler and user-friendly format for layman.
It is specially designed for Self-employed or Home-based business especially Freelancer, Day care, Hair dressing, Beautician, Contractor, Petty traders, Outsource, Mobile outlets and many more including traders who are constantly on the move.
It is also specially designed for 3 distinct groups of users.
As a Novice, this accounting ledger is sufficient in meeting your requirements for recording your trade transactions. Straight forward with diagrammatically guided format and just match and fill in with total amount for each accounting ledger with 4 basic accounting codes of “I.E.A and L”
I for Income, E for Expense, A for Asset and L for Liability.
4 in 1 format. No need to get 4 different sets of accounting ledger. Waste is kept at the lowest level.
Just tick the appropriate box for the intended account type on top right corner.
Index pages are included therein for ease of monitoring.
A and L are optional and mainly reserved for another 2 groups: Proficient and Expert users.
As to the Add or Minus column, "Add" is for updating Sales or Purchases in ledger as to invoice transactions as well as the “A” account for amount owing by customer or the “L” account for amount owing to supplier respectively. "Minus" is for any return or cash settlement. Recording twice with one for I or E and another for A or L. Optional: These tasks are particularly for Proficient and Expert users.
There are also another 2 extra copies of financial reports in I.D.E.A.L format.
These optional copies are included therein particularly for Proficient and Expert users to prepare financial reports to be forwarded to their public accountant or tax agent for a final professional review and check together with the tax computation, if any, before submitting to Inland Revenue Board on their behalf through online self-assessment.
I.D.E.A.L in abbreviations as to this accounting ledger's title for Novice is Income anD Expense Accounting Ledger. Whereas in financial reports for Proficient and Expert users, it is sequentially structured as Incomes, Direct-costs, Expenses, Assets and Liabilities.
View page sample and complete table of contents at Amazon.com.