Real World

Real World

Matchbox 20- Real World Lyrics

What episode of the Real World do they show Katelynn when she was a man?

What episode of the Real World do they show a picture of Katelynn when she was a man?

They dont ever show a picture of her being a boy. She doesnt dwell on the past because she had the post op and now considers herself a woman. It wasnt until last week Scott found out she was a man. She never came out and said it to the guys but they knew because her hads so big.

Real World Accounting for Small Business Owners

If you're like me, you love accounting. It's so fascinating and
such an ingenious system. Don't you just think that Double Entry
Accounting is the most beautiful creation of all humankind?

Okay, let's get real. You probably think accounting is boring
and best left to pencil pushing geeks (like me!). I
mean...BOOORRRRING! Total Snooze-fest!

Well, my friend, I'm about to introduce you to Real World
Accounting for Regular People. But, be careful, it just may
change the way you look at accounting FOREVER! In fact, one of
my clients looked up from a spreadsheet one day and said, "Wow,
I never knew accounting could be FUN!" You just might have the
same experience.

For starters, a lot of people think accounting is about math,
which is an immediate turnoff. Although accounting does include
math, it's more like a foreign language. All you need to do is
learn the parts of that language that actually apply to you.
Think about visiting a foreign country. You don't need to be
fluent in the entire language. You just need to know the
important things like what to order (or not order) in a
restaurant, how to get directions, and how ask where the
bathroom is. It's the same thing with accounting. You need to
know what you need to know and the rest is unimportant. I mean,
do you really need to know about corporate accounting practices
or off shore financial transactions. Probably not.

So, how do you figure out what you need to know when you don't
even know where to begin? Follow me and I'll show you!

The first thing you need to know is this. You must, must, must
keep your personal finances and your business finances separate.
Using your personal checkbook for all your transactions is a bad
way to go. Here's why:

• The Internal Revenue Service wants to know that you have a
very clear distinction between your personal affairs and your
business affairs. They want details. If you try to pass off
personal expenses as business expenses, you're violating tax
laws. They don't like that.

• If you ever plan to borrow money for your business or get
credit from your vendors, your lender or vendor will want to see
detailed records of your business performance. Handing them your
checkbook register is not going to make them want to give you
money or sell to you on credit.

• You need to know how your company is performing at all times
so you can plan ahead, make adjustments in your operations, and
make informed decisions.

• The more accurate your records, the more accurate your tax
return. It prevents you from missing deductions.

• It's the only way you'll know whether your business is making
money or if you're just kidding yourself.

So, if you don't have a separate checking account for your
business, go get one. It's easy and inexpensive and it will give
you clarity on how your business is really doing.

The next step is your accounting system. Now, when I say
"accounting system" I'm talking about an organized way of
keeping track of your records. It can be computerized or it can
be the old fashioned pencil and paper route. The important thing
is that a) you have one and b) you use it.

Finding a System That Works For You

Your record keeping system needs to be designed so that it works
for you. It should:

• Be simple to understand • Be flexible and adaptable to
changing needs • Be inexpensive to develop and maintain •
Require little time to maintain • Be handy and convenient to use

If you use a computerized accounting software package like
QuickBooks, all those qualifications are met. I generally
recommend QuickBooks to my clients because it's easy to use and
you can also find local support for set up and troubleshooting.
I don't whole heartedly recommend QuickBooks because I think
parent company Intuit is losing touch with its core customer
(we, the small business owners of the United States of America).
There's too much nickel and dime-ing and poor support. But, at
this point, it's still the most widely used system and certainly
meets the needs of most small businesses as far as what it can
do.

I do recommend that you get professional help in setting up your
accounting system if you don't have an accounting background.
It's a case of Garbage In Garbage Out. A well set up system will
give you the best information with the least trouble. It's less
expensive to have it set up right to begin with than it is to
have it cleaned up later.

Whatever record keeping solution you choose for your business,
the key to success is actually using it on a very regular basis.
Otherwise, your business struggles and you're in constant danger
of sliding into the Cash Flow Swamp

About the Author

Caroline Jordan, MBA helps small business owners understand,
diagnose, and improve cash flow in their businesses. For more
information and resources to improve cash flow visit
http://www.TheJordanResult.com/mastering.html .

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