Chapter 2. Transactions – the Lifeblood of a Business

"I don't like keeping books…I just find it boring…But I'll tell you what! I always feel good after completing the book-keeping." – a successful small business owner in his blog.

On the other hand, there are others who look at accounting as a game. If something doesn't balance, they take it on as a fun challenge to track down the problem and find a solution. However, if you are like this small business owner, you may find bookkeeping a boring activity because it is very repetitive. Perhaps, you would rather be out cultivating customers and working on the deals that make your business grow and prosper. However, that is the very reason why we are going to spend some time equipping you with all the tools and tips necessary to get through this bookkeeping part quickly and effectively. With that taken care of, you can be free to devote more time to growing your business.

As a small business, on any given day, you may have several expenses which...