Radically Simple Accounting

Shows you a simpler way to learn private business accounting, gain control of your finances, and make more profit!

As an experienced business analyst, Madeline Bailey saves business owners from making the same accounting mistakes over and over again, helping them gain control of their finances in the process. That's why she wrote, Radically Simple Accounting, to help business owners who don't quite"connect" with traditional accounting books. She can help you make your businesses more profitable!

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CLIENTS TESTIMONIALS

"Of all the accounting textbooks or educational literature I've read or been subject to, this one may be the easiest to understand and apply in the real world. I think this book should be required reading for all entrepreneurs thinking of starting their own business or those who continuously have trouble communicating effectively with that highly paid accountant they use."

Scott D. Hayes, Controller Oregon Dept. of Fish & Wildlife

"Devoured your eBook over several sittings yesterday, finished up this morning. I was actually voluntarily sitting at my desk at 6:45 a.m. on a Sunday morning, reading about BOOKKEEPING of all things!! Am taking a break from setting up my first chart of accounts to send you this email. A quick read of your eBook has tremendously raised my comfort level with managing our family and small business bookkeeping tasks, and I wanted to share my appreciation."

Stephanie Roberts, Owner Lotus Pond Press www.fastfengshui.com

"Madeline Baileys Radically Simple Accounting keeps its promise to make bookkeeping and accounting both enlightening and engaging, if not actually fun. Thanks to Radically Simple Accounting, I learned how to develop a chart of accounts - the backbone of bookkeeping and accounting - for my own business, and learned lessons that I can apply to personal finance as well. Madeline explains, in language clear enough for a financial illiterate like myself, the meaning of all the aspects of the chart of accounts and other accounting necessities with definitions, stories, and examples that educate while they entertain. Don't get me wrong this is not a lightweight book, but Madeline does what every good teacher does: she makes it possible to learn a traditionally tough subject with ease! Whether you want to do your own books, bring order to your personal finances, or simply understand what your bookkeeper is up to (an absolute must!), Radically Simple Accounting was a total bargain for what I learned....a great investment in both reading time and money. I keep Radically Simple Accounting handy on my closest bookshelf for review, and I refer to it often. Ill be the first in line to attend Madelines next presentation."

Hugh O'Donnel, Director Mentor Learning LLC www.mentorlearning.squarespace.com

"I think this is a great book. The writing is clear, clever and enjoyable. It should be of great benefit to the many "Small Time Operators" out there looking for some help making a success of their new businesses. Nice job."

Bernard Kamoroff, C.P.A. Author Small Time Operator www.bellsprings.com

"I am so excited about Madeline's book, Radically Simple Accounting. I've read it cover to cover twice, marking it up with stickies and margin notes, and had it open on my lap when I sat down in front of a brand new QB account to create my Chart of Accounts from scratch. The day it all clicked - when I finally got it - when the P&L became clear and it all made sense - I was jumping up and down. I've been self employed for 8 years and until I read her book I thought my Chart of Accounts was just something I kept for my tax preparer so she'd know how much to deduct from my Schedule C. I wanted to understand more about how the finances affect my businesses, but I didn't know where to go to learn. Now I recommend it to everyone who runs his or her own business. It's concise, to the point, and puts all the pieces together. THANK YOU for such an awesome resource and for explaining it so clearly."

Lara Eve Feltin, Partner Biznik Photographer and Graphic Designer www.biznik.com

"I couldn't put Radically Simple Accounting down. I wanted to stay home to read it, instead of going to work and managing the business, as I desperately wanted to improve our accounting procedures. I read the whole book twice. Meanwhile, my assistant implemented the color-coded filing system. We love it. It's working great. I highly recommend this book to other business owners."

Debbie Brittain, Owner Village Interiors, Inc.

"This book makes accounting accessible to even the most ignorant bookkeeping novice. It is short, simple and to the point. "Self help" type books should be short enough that the reader does not feel bogged down with information. Radically Simple Accounting is a good example of a book that is just the right length. By using common analogies the author reduces complex information into concepts that are easy to understand. One of the highlights of the book is the way the author provides definitions in the text. It's so nice not to have to flip back and forth to the glossary and one's personal dictionary. The author's personal stories are both a pro and con. The author's professional background is important because it lends credibility to the book, but it could be removed from the main portion of the book and included in a biographical section. The glossary at the back of the book is a nice addition and makes the book easy to use as a reference at a later date."

Writers Digest Magazine, 5/2006

"As the software developer of open-source freeware accounting software, I can see that the success of my software would be greatly enhanced if the thousands of people downloading it used your book Radically Simple Accounting as a setup & resource guide. This is exactly how I would teach a regular person to setup their accounting system. Your excellent ideas on how to organize a filing system show that you know business first-hand. I, personally, will cherish this book as a solid accounting reference guide."

Ray Walker, Software Developer Delta60 Accounting Software www.deltanet2.com

Accounting is the Language of Business

Being accounting-illiterate can cost you dearly. Ignore your accounting and you may find yourself overpaying vendors, undercharging customers, overpaying employees, bouncing checks, paying too much in taxes, getting audited, paying late fees and interest on past taxes, paying too much in bank charges, interest and credit card finance charges, and even allowing fraud to persist. Did you know that taxes are the biggest expense for most business people? Poor accounting management can even cause the successful business you've worked so hard to build to go down the tubes. As an experienced accountant, Madeline Bailey has seen hundreds of people make the same accounting mistakes over and over again, losing quite a lot of money in the process. That's why she wrote Radically Simple Accounting for people who can't quite "connect" with traditional accounting books and want something modern.

A Way out of the dark and into the Profit

Dubbed the first user-friendly accounting book, Radically Simple Accounting introduces a simpler way to learn accounting that successful people from students to stars find engaging. Whether you are doing your own bookkeeping, or managing a bookkeeper, this book will empower you financially. This accounting primer works with ALL accounting software. (QuickBooks tips and tricks are included as side-notes.) This accounting primer is useful for all types of private businesses, and for individuals who are a business of one. What is a business of one? If you receive a 1099 tax form, you're classified as a business by the IRS, even if you feel like an employee. Without a good accounting system, you'll grossly overpay taxes. On the other hand, it can be advantageous tax-wise to be classified as a business, but only if you learn how to take the proper write-off's against your income. Also, these days our private financial lives are so complicated that many individuals and families are in essence, a business of one.

Is this right for me? I'm not the "Radical" type...

The truth is, traditional accounting practices used today were invented in 1492. Accounting is not an industry where things are often shaken up by new ways of thinking. You may have checked out the regular accounting books, and found that they read like appliance repair manuals. They don't relate to your small business problems or how you think as a small business owner. Even small business owners with MBA's can sometimes not translate traditional accounting debits and credits into their way of doing business. As an entrepreneur who lacked quality accounting, Madeline Bailey has walked in your shoes. She developed this new methodology with the help of small business clients, from pre-profit startups to millionaires, before codifying it as a systematic approach. That's why the best solution has to be Radical!

I need Help, not another book that doesn't deliver

Of course you do. That's why you're walked step by step through creating your own chart of accounts. A chart of accounts is a list of categories. Your chart of accounts is the backbone of your accounting system. Once your chart of accounts is correct, you will understand your GAAP financial reports, specifically your Profit and Loss Report, and Balance Sheet. Your financial reports are your business scorecards. Are you winning or losing when it comes to your business finances? Is your bookkeeper and financial advisor making sense, or are they talking nonsense? After you read this book, you'll know.

Whatever your numbers, GAAP financial reports prove to financial advisors such as venture capitalists, loan officers, CPAs, tax experts, angel investors, and portfolio investment advisors that you are "in the game", know the rules, and have what it takes to win.

Here's a sample of the kind of things that you will learn:

  • Tons of expenses you are allowed to take as deductions, including some you may not have known about; and some you may know how to take, like car expenses, whether you buy, lease, or use your own vehicle.
  • Plus, the book itself is a tax-deductible expense you can write off against your income.
  • A look at accounting basics, including calendar or fiscal year, cash or accrual basis, and other fundamentals.

Gain control of your finances, Improve your profit tomorrow

Make your accounting Radically Simple!

Audiobook

Radically Simple Accounting Audiobook

Covers four key accounting concepts you must understand to run a profitable business

  • Setting up your chart of accounts
  • Producing accurate financial reports
  • How to manage accounting professionals
  • Communicating with your financial advisors using business lingo.

Listen to Learn Accounting - the language of business!

If you haven't listened to this book yet, it may seem as if your accountant, CPA and tax expert are speaking a foreign language. Accrual Basis. Reconciliation. Equity Accounts. Performa Profit & Loss Report. Do you really need to know what all these words mean? Yes, if you want your business to be successful!

The easiest way to learn a language is by listening.

Accounting is most definitely a unique language. So why not learn it like you would any other language by listening? Listening to Radically Simple Accounting makes the book:

  • Easier to understand and remember the concepts;
  • More entertaining, so you're more likely to finish;
  • Convenient. You can multi-task and listen while driving, exercising, or doing any other activity.

Listening to this book will give you the essence of what you need to know to become financially empowered.

Every minute you delay costs you.

Order the audio version of Radically Simple Accounting today and start gaining control of your finances tomorrow. This is one time that it really does pay to listen.

Technical Information:

  • Entertaining narration by the author, Madeline Bailey;
  • Listen using iTunes or any .MP3 player;
  • No special software needed to unzip the download file; 26 .mp3 files (one for each chapter);
  • 4 hours, 40 minutes of valuable business information.

Audiobook Sample, Introduction (Chapter One):

Sample
Press play to listen