A very, small world of information.
People will need to know this.
Capital= Assets -Liabilities.
Basically, the value of the company is it’s assets, with debts deducted.
It can be expressed as an extended Accounting Equation. That incorporates Income and Expenditure.
Check through a set of the Frank Wood and Mr Songster.. the best manual bookkeeping, and theoretical accounting books.. They’re the bees knees of accounting.
More to follow?
Dave T.
If you want to learn how to use a computerised accounts system. Try Xero, Sage, Intuit, or one of the others listed on UK government site for “MTD” (make tax digital).. If you don’t know how to apply transactions, get a bank account devoted to business and study a few accounting systems.
Assuming you are registering as a limited company. You’ll need to be up to speed on submitting yearly accounts. I found micro entity accounts easiest. It works around the “Accounting Equation”. But, I’d trained in basic bookkeeping. So, it still required thought and care..
It’s unlikely that you’ll think of it. But, you will need insurance for your company. Indemnity and equipment, there’s a long list.. Fulfilling through a website. Be careful. Avoid losing passwords, numbers, those kinds of things. Don’t just rely on electronics. Though its a massive assistance.
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There’s much more, but I’ve moved it accidentally. I may come back
Dave T.
With popularity in Russian pop-pop charts? It’s not my kind of music, Elgar, is my limit.. The Beatles, Searchers and similar are much more my scene..
Dave T.
“At times of need, some men excel. But, where’s the man to do all things well”?
I don’t think I’m the man. My nervous system wouldn’t allow it. . Must be too much psychiatric medication. I shouldn’t even walk to the door. An unreal world, often.
Dave T.
I can relax in the care home, provided by my ex-serviceman contributory place.
I’ve tried to earn my way out of it. Silly, for a part-rimer, really. But,, studying counted toward service hours.. Accounting,, physics, chem, usual kind of School certificates. It’s not easy, with my sensory problems.. kidneys aren’t in good shape either.
Dave T.
Blogging again? 