Financial Control for the Small Business: A Practical Primer for Keeping a Tighter Rein on Your Profits and Cash Flow

Description

119 pages
Contains Illustrations
$5.50
ISBN 0-88908-550-1

Year

1982

Contributor

Reviewed by John Marston

John Marston was a federal civil servant in Ottawa.

Review

How often have we thought, “How I would love to be my own boss — to be in business for myself.” While thousands (estimated 800,000) are in their own business enterprises, there is a great need to know the pitfalls as well as the pleasures of such a venture.

Michael M. Coltman’s book on financial controls for the small business is indeed a “practical primer for keeping a tighter rein on your profits and cash flow.” It is a veritable road map for the small business owner.

Written in laymen’s language and not aimed at the level of the chartered accountant, his book covers the entire ground of business management. Basic accounting information, financial statements (how to prepare and read them), depreciation, internal control, cost management, and a host of other pertinent information — it is all here in the book, and most understandable and interesting.

In addition to the information listed, there are also samples of balance sheets, income statements, cost analysis graphs and schedules, among others, all plainly detailed and most useful to the small business owner.

As it states on the front cover, the price of this book is tax deductible from business and investment income! An excellent tool for the small business man/woman written by an expert who can really communicate.

Citation

Coltman, Michael M., “Financial Control for the Small Business: A Practical Primer for Keeping a Tighter Rein on Your Profits and Cash Flow,” Canadian Book Review Annual Online, accessed July 24, 2024, https://cbra.library.utoronto.ca/items/show/38872.