| Accounting for the microbusiness a teaching manual - A Handbook for Volunteers |
|The preliminary interview|
|Lesson # 1|
|Lesson # 2|
|Lesson # 3|
|Lesson # 4|
|Installation of the system|
|Month end financial statements|
|The financial statements|
|The object of accounting|
|Assets = Capital|
|Assets - Liabilities = Capital|
|Profit and loss statement|
|Cost of goods sold|
|Definition of debit and credit|
|The evolution of debit and credit|
|Diagram of the system|
|Guide to accounting entries|
|Credit sales book|
|Credit purchases book|
|Loans to employees section|
|Loans to employees list|
|Book of accounts: Title of account pages|
|Monthly inventory listing|
|Guide to financial statement elaboration|
|Uniterrupted working capital flow|
|Interrupted working capital flow|
|Inventory control - page examples|
|Control of postdated checks|
|Auxiliary cash on hand sheet|
|Credit payments with merchandise|
|Alternative Acc/Rec section|
By example show how auxiliary systems must meet particular needs.
Aids 32, 33, 34.
The following are three simple control systems. We urge all instructors to create similar ones to meet the auxiliary control problems of the Micro Industry,
Inventory Control - For the owner who wants to:
a) Study individual product movement
b) Have a "Cost of Goods Sold" for each product
c) Check against robbery
d) Control the amount of inventories.
1.1 Aid 32. This simple entry and withdrawal system must be applied to raw materials, work in process, finished goods, or all three.
1.2 It is as good as the people who make the entries.
Aid 33. Postdated Check Control System
2.1 This simple system is only applicable if the company has too many checks to remember.
2.2 It should indirectly create cash flow planning.
Aid 34. Use an Auxiliary Cash on Hand Book for the company with a lot of cash transactions.
Make summary entries into the CASH Book at end of day.