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Re: Books on Accounting/Bookkeeping basics that would play well with LSMB

I second that. Once you get your head around double entry accounting it's actually quite simple and logical. I actually started with one of the NewViews manuals that did an excellent job (imo) of explaining the processes.
Darren Wiebe

Chris Travers wrote:
On Tue, Mar 10, 2009 at 6:36 AM, Roderick A. Anderson
<..hidden..> wrote:
Searched the forums at ledgersmb.info and tried the lists at sourceforge
but came up with nothing much or useful so I'm asking.

What are your recommendations for books on basic accounting and/or
bookkeeping that would play well with LSMB?  Heck, are there any?

Just about any decent accounting books should be OK.
What I'm thinking of is something the Sole Proprietor with very little
understanding of accounting could use get started.

Ok, this assumes an American audience.....  This may vary if you live
in a country with odd accounting rules on a local level and/or new
regulations which affect small business's financial accounting.

My recommendation is:

Go to used bookstores and garage sales and pick up some textbooks that
seem understandable to you.  Don't worry about them being recent
because the key thing to understand is how things are done on paper.
If you can fall back to figuring out a transaction on paper, you can
always handle the rest of it.

The first book I got (when I started my business) was AVT(R) Practical
Accounting, Second Edition, printed in 1982.  I bought it at a garage
sale.  The sections on accounting software are quite amusing because
they represent the state of computing in 1982, but the math really
hasn't changed much outside of some new regulations (like SOX) and
board rulings which are well beyond the scope of interest for a sole

The basic principles of financial accounting and the broad outline of
methods have not changed much in recent history.  This is where you
need to start anyway.  Once you get a grounding in these it is easier
to understand issues that customers with additional rules have to deal

Hope this helps,
Chris Travers

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