Business Bookkeeping
I have a day job, but I recently started a small business On the side. I didn’t know anything about Accounting and my friend, Roland, said he would give me some advice.
Roland: So, the reason that you need to do your Bookkeeping is so you can manage your Cash flow. Even if you have a lot of orders, you may still have problems paying your bills.
Magdalena: I see what you mean. Is this the kind of Ledger I should be keeping?
Roland: Yes, definitely. You want to list your Debits on this side and your Credits on this side. This will help you figure out important things like your Break-even point, Your Assets and Liabilities, your Administrative expenses, And whether you’re staying within your Budget.
Magdalena: I wish I had an Accounts payable department to help me with all this. I don’t even know how to create a Balance sheet.
Roland: It’s not that hard if you use the right accounting program. The first thing to do is to keep track of your Expenses. How do you do that now?
Magdalena: Oh, I have a system. I keep all my Receipts in this bag.
Roland: Oh. Well, it’s good that you’re keeping your receipts but you’ll have to keep better track of them. What would you do if you were Audited by the IRS?
Magdalena: Don’t even mention the IRS! I’ve got enough problems without worrying about them!
(1 оценок, среднее: 5.00 из 5)Related topics:
- Reducing Household Expenses Roland: If we want to save enough money to buy a house, we need to get serious about our Finances and do some Financial planning. I think the first step is to create a Household budget. Ginger: Okay by me. You know that I’m All about the Bottom line. Roland: Yeah, right. I think we […]...
- Starting a Franchise Business Magdalena: Thanks for meeting with me today. I’ve read through the materials your company sent me, but I still have some questions about opening a Franchise. Phil: That’s what I’m here for. What questions can I answer for you? Magdalena: Well, I’m familiar with the Franchise fee, but are there Recurring fees not listed in […]...
- Перевод слова payable Payable – подлежащий оплате, платежеспособный Перевод слова Payable on delivery – с уплатой по доставке total amount payable – сумма, подлежащая выплате commissions payable – комиссионные к оплате The rent is Payable quarterly. Арендная плата выплачивается ежеквартально. This bill is Payable at any time up to next Tuesday. Этот счет может быть оплачен в любое […]...
- Disagreeing Politely in a Business Setting Lucy: I don’t think this is going To work. This plan Calls for the new office to open by July and I think that’s too Ambitious. I don’t see how the Groundwork can be done any earlier than September. Jeff: I understand your concern. I don’t want to Rush the opening of the new office […]...
- Passing Through Airport Security Roland: Why are you so nervous about flying? Natalie: I’m not nervous about being in the air. It’s going through Security. I hear it’s a Hassle and I don’t want to end up being Strip-searched. Roland: You won’t be strip-searched. All you need to do is to follow a few simple rules. When you get […]...
- Перевод идиомы keep track of something, значение выражения и пример использования Идиома: keep track of something Перевод: следить за (развитием, ходом чего-либо) Пример: Are you keeping track of the time? Ты следишь за временем? She finds it very difficult to keep track of her bank balance. Ей очень сложно следить за своим банковским счетом....
- Перевод слова budget Budget – бюджет Перевод слова Annual budget – ежегодный бюджет federal budget – федеральный бюджет household budget – семейный бюджет We live on a modest Budget. Мы живем на скромный бюджет. We discussed our household Budget. Мы обсудили наш семейный бюджет. The Budget needs to be pruned. Бюджет должен быть сокращен....
- Making Business Contacts Phan: Hi, Montel. Thanks for agreeing to meet with me. Montel: It’s my pleasure. Phan: Since I’m new here, I was hoping you might be willing to give me some Pointers on how to get new clients. To be honest, I’ve never been on This side of the fence before and I’m a little Out […]...
- Значение идиомы on one’s bad side [on one’s bad side] or [on the bad side of one] {adj. phr.},{informal} Not liked by someone; not friendly with a person. Sally’s boyfriend got on Father’s bad side by keeping Sally out toolate after the dance. Contrast: ON ONE’S GOOD SIDE....
- Перевод слова accounting Accounting – бухгалтерское дело, отчетность Перевод слова Accounting period – отчетный период; финансовый год accounting check – бухгалтерский контроль customer accounting – учет клиентов They send me an Accounting every month. Они присылают мне отчеты каждый месяц. Accounting clicks with his personality. Для человека с его характером профессия бухгалтера как раз то, что надо. The […]...
- Going to Business School Karla: I just heard that you’re taking a Leave of absence to go to business school. Is that right? Joaquin: Yeah, I’ve been thinking about it for a long time, and have finally Taken the plunge. I need an MBA to get ahead in my career. Karla: That’s great, but why don’t you go part-time? […]...
- Describing Distances Sandra: Where will we be staying when we visit Trumanville? Roger: We’ll be staying in a neighborhood on the Outskirts of the town, but A stone’s throw From some of the major sites we’ll want to see. Sandra: I hope there’ll be a lot of taxis around. You know I hate to walk. Roger: Trumanville […]...
- Значение идиомы in keeping [in keeping] {adj. phr.} Going well together; agreeing; similar. Mary’s hair style was in keeping with the latest fashion. Havingan assembly on Friday morning was in keeping with the school program. Contrast: OUT OF KEEPING....
- Profit and Loss Dolores: Manuel in accounting is supposed to help me with this report, but he called in sick today! I can’t believe my luck. He’s supposed to be Training me in and he’s left me Holding the bag. Anton: Let me see if I can help. Dolores: I’m supposed to use the information from this Profit […]...
- Fresh out of business school, the young man answered a want ad Fresh out of business school, the young man answered a want ad for an accountant. Now he was being interviewed by a very nervous man who ran a small business that he had started himself. “I need someone with an accounting degree,” the man said. “But mainly, I’m looking for someone to do my worrying […]...
- Sending Business Packages Maria: I need this Package to arrive in Tulsa by next Wednesday. Sam: Sure, I’ll send it UPS or FedEx using their Ground service. It’ll be cheaper than sending it using their Overnight service and we can still Track it. Is it going to a business? Maria: Yes, it is. Sam: Okay, I’ll Mark that […]...
- Значение идиомы track [track] See: COVER ONE’S TRACKS, IN ONE’S TRACKS, INSIDE TRACK, JUMP THE TRACK, KEEP TRACK, LOSE TRACK, MAKE TRACKS, OFF THE BEATENTRACK, ON THE TRACK OF, THE TRACKS....
- Значение идиомы keep track [keep track] {v. phr.} To know about changes; stay informed orup-to-date; keep a count or record. What day of the week is it? Ican’t keep track. – Usually used with “of”. Mr. Stevens kept trackof his business by telephone when he was in the hospital. Thefarmer has so many chickens, he can hardly keep track […]...
- Значение идиомы pad the bill [pad the bill] {v. phr.} To add false expenses to a bill; make abill larger than it really was. The salesman padded the bill forhis traveling expenses by exaggerating his food expenses....
- Describing Brisk and Slow Business Clint: Anya! Long time no see. Let me buy you a drink. I’m celebrating. Anya: Oh, yeah? What’s the good news? Clint: My company has had a Banner month. Since we Launched our new Line of software, we’re having trouble Keeping up with demand. Every product is Flying off the shelves. Anya: Wow, that’s great […]...
- Negotiating a Business Deal Gia: Why are the Negotiations on this Deal taking so long? I thought we would be Putting the finishing touches on it by now. Logan: The other side is Holding out for more Concessions. I don’t know what they’re thinking. They made some pretty big Demands at the start and I think we’ve Given in […]...
- Значение идиомы lose track [lose track] {v. phr.} To forget about something; not stayinformed; fail to keep a count or record. What’s the score now? I’ve lost track. – Usually used with “of”. Mary lost track of herfriends at camp after summer was over. John lost track of themoney he spent at the circus. Compare: OUT OF TOUCH. Contrast: […]...
- Selling a Business Andy: I can’t believe you’re really Selling up. I thought you’d Stick it out for another year. Robin: Business has been slow for three years Running and I can’t Count on things To pick up anytime soon. I’m selling this business now before it’s completely Worthless. Andy: You should get a good price with all […]...
- Значение идиомы out of keeping [out of keeping] {adj. phr.} Not going well together; not agreeing;not proper. Loud talk was out of keeping in the library. It wasout of keeping for the kind man to kick the dog. Contrast: INKEEPING....
- Значение идиомы jump the track [jump the track] {v. phr.} 1. To go off rails; go or run the wrongway. The train jumped the track and there was a terrible accident. The pulley of the clothesline jumped the track and Mother’s washingfell down. 2. {informal} To change from one thought or idea toanother without plan or reason; change the thought […]...
- Leasing Business Equipment Olena: We need To keep pace with changing technology, but how are we going To raise capital to upgrade our Equipment? Joel: I’m not sure. Maybe we can find a Supplier who will Extend credit to us. We can pay in Installments. Olena: That’ll be hard to do. No one wants to extend credit these […]...
- Asking for Clarification in a Business Meeting I was Negotiating a contract with a new business Partner, and we had a meeting to Clarify the Terms. Bill: If I understand the terms correctly, the length of the contract would be one year with a one-year Option. Is that correct? Ms. Samuels: Do you mean The contract for equipment rental or the one […]...
- Staying in an Inexpensive Hotel Suzanna: Remind me why we’re staying in this Fleabag motel in the Seedy part of town? Kenji: We agreed that we would Skimp on the Accommodations so we could spend more money on activities and eating out. Remember? Suzanna: I remember, but I Didn’t bargain for someplace as Run-down as this. Look at the Peeling […]...
- Значение идиомы throw off the track [throw off the track] {v. phr.} To divert; mislead; confuse. Theclever criminals threw the detective off the track by changing theirnames and faces. Contrast: OFF THE BEATEN TRACK....
- Hiring a Hitman Gus: Are you Shirley? Shirley: Yeah, thanks for agreeing to meet me here. I’m told you’re the best Sniper in the business and you can be Discreet. I need a Hitman who can do a job, then Make himself scarce. Gus: I’m your man. Tell me about it. Shirley: There’s someone who’s been A thorn […]...
- Business Websites I was hired to set up a website for a small bookstore and the owner knew very little about the Internet. I tried to find out what she wanted for her business website. Octavio: Let me show you some websites I’ve designed. I have them all bookmarked. Okay, this is a website for a restaurant. […]...
- Значение идиомы out-of-pocket expenses [out-of-pocket expenses] {n. phr.} Expenses one has to pay foroneself, not the company that sends one on a given assignment, such astips for waiters, cab drivers, etc. Luckily, my out-of-pocketexpenses didn’t amount to more than $15....
- Перевод слова track Track – дорожка, след, путь Перевод слова Bear tracks – следы медведя the track of a comet – путь кометы far from track of men – вдали от людских дорог sound track – звуковая дорожка Wipe your feet or you’ll Track up the kitchen. Вытирайте ноги, а то вы наследите в кухне. We took a […]...
- Перевод идиомы none of someone’s business / nobody’s business, значение выражения и пример использования Идиома: none of someone’s business / nobody’s business Перевод: дело, которое никого не касается, которое никого не должно волновать Пример: My personal financial situation is none of my friend’s business. Моя ситуация в финансовом плане не должна волновать моего друга....
- Business trip – Командировка Business trips are just part of doing business. A company tries to choose only its best people to represent it. Trips can happen in or out of the country. And there are as many reasons to go on a business as there are places to go: to sign contracts, to discuss terms of delivery, payment […]...
- Значение идиомы on the track of [on the track of] or [on the trail of] Hunting or looking for;trying to find; following. The hunter is on the track of a deer. The lawyer is on the trail of new proof in the case. Jim collectsold stamps; he is on the track of one in Midville this afternoon....
- Значение идиомы side [side] See: CHOOSE UP SIDES, FROM SIDE TO SIDE, GET UP ON THE WRONGSIDE OF THE BED, GRASS IS ALWAYS GREENER ON THE OTHER SIDE OF THEFENCE or GRASS IS ALWAYS GREENER ON THE OTHER SIDE OF THE HILL, LAUGHON THE WRONG SIDE OF ONE’S MOUTH, ON ONE’S BAD SIDE, ON ONE’S GOODSIDE, ON THE […]...
- Traditions A man and a woman got married, and he told her : ” since you are my wife you should respect my traditions and habits…and i have 3 traditions. So, first tradition: On wednesdays i play football with my friends…no matter what..whether it snows or it rains…i dont care..i play football!! -Is it clear for […]...
- Значение идиомы off the beaten track [off the beaten track] {adv. phr.} Not well known or often used;not gone to or seen by many people; unusual. The theater is off thebeaten track. We are looking for a vacation spot that is off thebeaten track. Compare: OUT OF THE WAY....
- Talking About Movies Martin: What did you think of that movie? Joanna: It was okay, but I’m not really into Big-budget movies with a lot of Special effects and Big-name stars. Martin: Oh, you’re a film Snob. I bet you only watch Indie films made on a Shoestring budget with low Production values. Joanna: No, that’s not true. […]...