Madeline Bailey on Radically Simple Accounting

RATED PHILIPPE’S BEST!

A Way out of the Dark and into the Profit….

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Since accounting is the language of business, being accounting-illiterate can cost you dearly. Ignore your accounting and you may find yourself overpaying vendors, undercharging customers, overpaying employees, bouncing checks, paying way too much in taxes, getting audited, paying late fees and interest on past taxes, paying too much in bank charges, interest and credit card finance charges, and even allowing fraud to persist. Poor accounting management can even cause the successful business you’ve worked so hard to build to go down the tubes.

As an experienced accountant, Madeline Bailey has seen hundreds of people make the same accounting mistakes over and over again, losing quite a lot of money in the process. Uniquely qualified to discover a simpler way to teach accounting, she wrote Radically Simple Accounting for business people who don’t quite ‘connect’ with traditional accounting books that read like appliance repair manuals, and want something modern.

Radically Simple Accounting—the first user-friendly accounting book—introduces an intuitively simpler way to learn accounting that successful people—from students to stars—find engaging. By using common analogies and humor to reduce complex information into concepts that are easy to understand, Madeline has written a book that’s both readable straight through, and worth keeping in your library as valuable reference guide.

This accounting primer works with all accounting software. QuickBooks® tips and tricks are included, but since accounting dates back to 1492, the book has a long shelf life.

The accounting primer is useful for all types of industries, all types of private businesses; and for individuals who are a ‘business of one’. What is a ‘business of one’? If you receive a 1099 tax form, you’re classified as a business by the IRS, even if you feel like an employee. Without a good accounting system, you’ll grossly overpay taxes, which is probably your biggest business expense. On the other hand it can be advantageous tax-wise to be classified as a business, but only if you learn how to take the proper write offs against your income. These days, our private financial lives are so complicated, that many private individuals and families are in essence, a ‘business of one’.

Here’s a sample of the kinds of things that you will learn:

• Setting up a chart of accounts. A chart of accounts is a list of categories and the backbone of your accounting system. All of the categories are clearly explained, and include case studies, and jokes and quotes by famous people.
• Tons of expenses you’re allowed to take as deductions (write-offs against your income), including some you may not have known about; and some you may not have known how to take, such as car expenses, whether you buy, lease, or use your own vehicle. Plus, the book itself is a tax-deductible business expense.

• Why it is important to have a clear business model before designing your accounting system.
• What private accountants to the rich & famous know about commingling funds that no one else is telling you?
• How to setup a fabulous color-coded filing system in one day flat, even if you’re surrounded by a disaster area leaning tower of files.
• How to manage and communicate with your bookkeeper, tax expert, and financial advisors using their lingo
• The Profit and Loss Report and why it’s essential. Please don’t pay taxes without it.
• The Balance Sheet demystified. The difference between a Statement of Net Worth and a Balance Sheet?
• Turning your accounting into a profit center
• A checklist every good bookkeeper will want to use for internal auditing of financial reports.
• A spiritual approach to money? Or how do you think about money? Why it can be profitable to give money charitably even if you do so anonymously?10% of all proceeds from this book are donated to charity.
• Determining the value of your business, analyzing your assets, and using your financials to find new business opportunities.
• How to create proforma financial reports in order to gain financing for your new business idea.

Whether you do your own bookkeeping, or manage a bookkeeper, this book will help you keep score. Are you winning or losing when it comes to your business finances? Are your bookkeeper and financial advisors making sense, or talking nonsense? After you read the book, you’ll know. You’ll know how to produce GAAP financial reports. No matter the numbers, your financial reports prove to financial advisors—such as venture capitalists, loan officers, CPA’s, tax experts, angel investors, and portfolio investment advisors—that you are “in the game”, know the rules, and have what it takes to win!

Buy Radically Simple Accounting today, start gaining control of your finances tomorrow, and make more profit in the future.

Formats available: Print, eBook, and Audiobook.

For more information, and book reviews, please visit www.qccomputing.com

ABOUT THE AUTHOR: MADELINE BAILEY

Madeline Bailey

Madeline Bailey consistently ranks as one of Intuit’s top-rated Advanced and Enterprise QuickBooks Certified Professional Advisors in the greater Seattle, WA area.

Her background includes a B.A, Management, and work experience since 1981 as a business analyst, PC techie, software developer, government agency IT manager, partner software publishing business, and writer.

Currently, she is the owner of QC Computing LLC, a professional services firm.

We, at QC Computing LLC, ask for a few hours minimum for new clients so that we can get to know you. We work on-site for local clients. For clients who live out of state, we offer remote services, and we frequently travel on-site. Our goal is to empower private business owners to make more profit, thereby liberating their time and energy so that they can make their dreams become reality.

 Contact Madeline Bailey Today!

• Website
• 206-832-5485