Accounting is the language of business. It’s not an optional subject. Being accounting-illiterate can cost you dearly. Bookkeeping mistakes are always against the business — and they will happen if you don’t take your accounting seriously. Without knowledge, you’ll overpay vendors, undercharge customers, pay too much in taxes, be kept in the dark, perhaps even be frauded, and see lower profits. You could lose your otherwise successful business due to poor accounting management.

As an experienced accountant, I’ve seen hundreds of people making the same accounting mistakes — over and over, losing quite a lot of money in the process. I decided there has to be a system in place to help those people who can’t quite "connect" with traditional accounting.

Regardless of whether you are doing your own bookkeeping, or managing a bookkeeper, it is equally important for you to understand your own score. Are you winning or losing when it comes to your business finances? Is your bookkeeper and financial advisor making sense, or are they talking nonsense?

If you’re a savvy business person, you’re looking for something easier, and more intuitive. You may have checked out the “regular” accounting books, and found that they read like a washing machine repair manual. They don’t relate to your small business needs, or how you think about business. Most accountants have a vested interest in keeping you in the dark, so you won’t know how incompetent they are, and so that you’ll hire them to do the work for you, over and over again. The solution to learning small business accounting has to be…Radical!

Finally, a new and different way to learn accounting! This methodology revolutionizes the way private business accounting will taught in the future. This easy-to-learn system is compatible with all forms of accounting software, and any private business or individual who is looking for accounting assistance. Successful people of all types—from students to stars—find Radically Simple Accounting to be enlightening and empowering.

When you add Radically Simple Accounting to your library, you’ll own the first user-friendly book on accounting. By using common analogies to reduce complex information into concepts that are easy to understand, and through the use of humor, I’ve written a book you won’t want to put down. After reading it, you’ll want to keep it as a reference guide.

As you read the book, you’ll be engaged to create your own chart of accounts, or improve the one you already have. The chart of accounts is the backbone of your accounting system. Once you understand your chart of accounts, you’ll understand your GAAP financial reports, specifically the Profit and Loss Report, and Balance Sheet.

Financial reports are your scorecards within the world of business. Universal in nature, they allow you to compete in the world of business. Financial advisors—such as venture capitalists, loan officers, CPA’s, tax experts, and investment advisors—want to see your business financial reports. Quality financial reports prove that "your" business is in the game, and prove that you are a team player. If you’re not even in the game, financial advisors won’t be able to help you leverage your profits.

You’ll be guided to victory in your long pursued quest to get control of your finances, and make more profit, as you read Radically Simple Accounting.

The contents inside the book include the following, plus more:

• Why the author was uniquely qualified to write this book. Her story of walking in your shoes as an entrepreneur who lacked quality accounting, and not liking it. How she developed this new methodology with all kinds of small business clients, including MBA’s and millionaires (who were also in your shoes), before codifying it as a systematic approach.
• Why Radically Simple Accounting is a true accounting revolution. Why teaching debits and credits doesn’t work for most business people.
• A look at the basics of accounting, including calendar or fiscal year, cash or accrual basis, and account types, among other fundamentals.
• Getting clarity on your business model before designing your accounting system.
• A look at design rules for your chart of accounts, including account number schema, generating account names, grouping accounts in alphabetical order, and grouping accounts into functional areas of business management, such as grouping all payroll accounts under one total payroll account, so you can see your total payroll burden at a glance.
• Jokes and quotes by famous people.
• What is creative accounting? When it is fraud? Tips on managing a bookkeeper. Suggestions for hiring financial advisors. How to establish internal controls used by corporations, even if you’re a single person operation.
• What private accountants to the Rich & Famous know about mixing up business and personal monies, but aren’t telling you. How to structure your database for IRS reporting, even if you are commingling funds.
• Definitions inside the text, for easy reading.
• A detailed look at bank accounts, petty cash, credit cards, and debit cards.
• How to setup a fabulous color-coded filing system in one day flat, even if you’re surrounded by a disaster area now.
• How to classify active and passive income accounts.
• A clear explanation of Cost of Goods. You will understand, finally! Why using COGS correctly could save your business from financial ruin.
• A list of tax-deductible expenses in the US. You may find deductions you hadn’t thought about taking before. How to deduct car expenses, whether you buy, lease, or use your own vehicle.
• A comprehensive look at the Profit and Loss Report. Why this report is essential for everyone in business. Don’t pay taxes without it!
• Fixed assets, like computers, and why you may not want to categorize them the old way. How to set them up the new way, so that your old-school CPA will understand your financials without discussion, thereby minimizing what you pay in accounting fees.
• A spiritual approach to money. Why it can be good for your business to give money charitably, even if you do so anonymously.
• A detailed look at your Balance Sheet Statement. Why the old way of teaching balance sheets doesn’t work very well, even for some accounting professionals. What is a Statement of Net Worth? How does that differ from a Balance Sheet?
• A step-by-step guide for doing a financial analysis of your Profit & Loss Report and Balance Sheet, so that you can exponentially increase profits.
• Determining the value of your business, analyzing your assets, and using your financials to find new business opportunities.
• How to create projected financial reports in order to gain financing for your new business idea.

Come out of the dark and into the profit. This "must-read" book is packed with more than 140 pages of information, real-word training, humor, and case studies. The writing is clear, clever and enjoyable. There’s also a glossary in the back, which makes the book easy to use as a reference guide at a later date. A list of recommended reading allows you to take your study of these radically simple accounting processes and principles even further. It’s useful for people from all walks of life.

The new truth is this: Accounting is no longer an obscure, difficult, or overwhelming subject. Not when you know about Radically Simple Accounting!

Find your way out of the dark and into the profit. Become empowered to gain control over your finances, and improve your bottom line. Now is the perfect time!