Bookkeeping Made Simple

The Credit System (Part 4)
Five Steps To Obtaining A1 Credit:

Now that you understand the basics of what credit is, and why it is so .....

Please don't think I am calling you a "moron" to hurt your feelings in any way. I was a moron when I first started setting up my files. I hated accounting in school and am the type that would much rather add 2+2 on a calculator than in my head -- but you have to do it. You have to force yourself to do it NOW -- right at the beginning! Many of a business has collapsed simply because they lacked organization in their basic accounting business practices. Don't be one of them!

As a small mail order business you don't have to really do much in the beginning. Here is how to set up your files from ground zero:

1. Take out a hanging file folder and a label of any kind. (Hanging folders and labels for them can be purchased at K-Mart, Wal-Mart and any office supply store.)

2. Type or hand print "Receipts" on the label and place it on the hanging folder.

3. Now, place 5 MANILA file folders inside the hanging file folder (which you labeled "Receipts") and label each of the manila file folders with the following headings:

Using Credit Cards
INTRODUCTION:

SHOP. Smart consumers do comparison shopping when looking for credit such as a mortgage .....

a. Advertising

b. Postage

c. Office Supplies

d. Utilities and Rent for the Office

Establish AAA Credit In 30 Days
To work this plan you need at least $400 to begin. You should borrow this from your friends if necessary. Then go to a bank of .....

e. Miscellaneous

You now have one large hanging file folder with 5 separate manila file folders inside it. Carefully place your hanging file folder in your metal file cabinet or cardboard banker's box. (A banker's box can be purchased at any office supply store also and normally cost around $4.)

Now, wasn't that easy? Some of you reading this will think that I am attempting to insult your intelligence. This is NOT my intention. This report is broken down in a simple, step-by-step way so everybody can understand it _ regardless of their previous knowledge and experience. Remember, some people have never worked in an office their entire life. What seems simple and accepted to some of us, may be something another person would never have known.

The Secrets Of Credit Repair (Part 3)
Organizing Yourself

As soon as you have ordered your credit reports and copied your order letters and checks, you must create a precise .....

Okay, let's go back to where we were. You now have one master file completed and we're ready to make another just like it. This time we'll name the hanging file folder "Income" and label 3 manila folders inside it with the following headings:

(A) Completed and Shipped Orders

(B) Inquiries and Correspondence.

(C) Open Orders Still Pending.

See how easy? From now on, you simply make another folder as the need arrives and you're files will always be easy to maintain. (Once you get this concept down pat -- you can easily think about getting ......