For those who are completely new to accountancy, it is worth heading out to the nearest stationery supplier or searching online for several key essentials which one is likely to require for both the preparation and filing of accountancy records.
Accountancy Cash Analysis Book
The first item on one's stationery list may be a suitable analysis cash book which should ideally provide plenty of room and usually offer 32 columns. A typical cash analysis book is A3 in size (equivalent of two pieces of A4 paper next to each other) although a loose-leaf book may also be used, it is easier to have the pieces of paper fixed to reduce the likelihood of losing any important information.
Calculators for Accountancy
Although, all computers tend to have calculators included in a basic package, it is often much simpler to simply buy an ordinary old-fashioned calculator. This way, if one's computer is not working, one may still get things done. There are a wide range of expensive 'scientific' or 'financial calculators' available but all one actually requires is a clear display and large buttons as well as a percentage button.
An additional (although expensive) piece of kit worth considering to make life a bit easier, is a calculator which also includes a roll print-out. This makes it simpler to record information and then having the print-put means one can check to ensure everything has been entered correctly.
Accountancy Files
Both A4 filing paper and a good quality lever-arch file are absolutely essential for recording necessary information in accountancy. It is important to purchase a large file with a proper clip to keep all papers nice and flat and able to withstand being constantly opened and shut. A box file is a useful place to store invoices which have been paid and received as well as cheque stubs after year-end.
Petty Cash and Accountancy
Finally, one will very likely require a petty cash tin which may be purchased from most high-street stationery stores such as WHSmith. This tin will be lockable and pre-printed slips with space to write on any necessary information are also helpful to keep track of what has been paid in or taken out.
As highlighted above, for those just starting out in learning accountancy skills or for people setting up a small business, there are several important pieces of stationery which are helpful for both preparing accounts and recording information. Key stationery includes the following: strong, lever-arch file, calculator, cash analysis book, petty cash tin and cash slips.
Source:
Truman, M. & Lloyd, D. (2007) Teach Yourself Small Business Accounting London: Hodder Headline
Kate Le Page - Kate Henning-Le Page writes about eating disorders, body image and recovery issues. She specializes in anorexia recovery.
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