how to start book-keeping in a sme ?

The way to do SME is to setup a MS excel spreadsheet. The way to set up are as follow:-
1. All the Balance sheet and profit and loss accounts e.g. bank accounts, share capital, Sales, purchases, salaries should be put in each column.
2. All transactions should be entered in the rows one by one. e.g. 1 Jan 2007 Dr Bank +$100 Cr Share Capital -$100.
3. Add a column called checking to sum from the first column (bank) to the last column (Share capital). The net balance should be equals to zero.
4. The disadvantage of using MS Excel is that it can only handle limited number of accounting transactions.