Summary
Don't have an understanding of record keeping? Feel that it's simply not worth the time and effort?
The reality is that to be able to properly manage your small business, and make it a success, you need concise, accurate and up to date information on your financial affairs.
In Keeping The Score , Alan Williams guides you through the basics of keeping business records for the modern Australian small business. Written in an accessible, user-friendly manner it approaches record keeping, financial planning and financial management in a strategic, logical way.
Part 1 explores the basics of record keeping
Part 2 thoroughly explains the recording process with a comprehensive and practical case study
Part 3 discusses how to plan and manage your financial resources, including how to finance your business and how to analyse and interpret your financial statements.
Learn to identify:
How much cash you have available at any point in time
How much is owing to your creditors
How much is owed by your debtors
The cost of buying your merchandise or raw materials
How much you pay each month in wages and salaries
How much you tax you will need to pay
What your business is worth if you need to sell it
Whether you can afford to expand your business
Alan Williams was born into and grew up in a small business family, and has a lifetime of practical interest in small business. Since the late 1950s, that interest has developed into over 50 years of teaching, training, advising, consulting and researching small business.In 1970, Alan moved into university teaching at Curtin University in Western Australia after some years as a high school teacher in business studies. In 1977 he was appointed as Professor of Management at the University of Newcastle, a post he held until his retirement in 1994. During that period Alan served as Faculty Dean, MBA Course Coordinator and Foundation Head of the Department of Management.As a pioneer in small business research, Alan has achieved international recognition. Alan has held short-term appointments as a Visiting Professor in 15 Australian and overseas universities, including the University of California at Los Angeles (UCLA), London Graduate School of Business, Stirling University and Warwick University in the United Kingdom and the University of Canterbury in New Zealand. He has participated in over 600 workshops and training programs in 10 Australian universities and in some 30 universities in six countries overseas.Since retirement, Alan has operated Williams Management Services, a small firm specialising in training, management development and writing for small business. He has published nearly 40 books, papers and articles covering virtually every aspect of small business management and entrepreneurship. Alan has also served on numerous government boards and committees as an adviser for many years.Alan holds the degrees of Bachelor of Commerce (Tasmania), Bachelor of Education (Melbourne) and Doctor of Philosophy (Western Australia), as well as Postgraduate Diplomas in Education (Tasmania) and Administration (Curtin). For a number of years he was a qualified accountant.
