Accounting for a better life. By John Passmore

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'Accounting for a Better Life' is the title of a new book by John Passmore, who is now retired and lives in Dorset. It is more than "yet another" book on accounting, it may be a life changer.

When John Passmore approached his own domestic accounting, he started with an off-the-shelf package as the framework for a double-entry based system. The only guidelines available were based on business, where the focus was on profit, shareholders value, purchases, sales, expenses, etc - hardly relevant to the domestic scenario.

Reports like the trading and profit and loss account were also, equally understandably, not much use in evaluating domestic success over some period.

Business ratios such as gross and net profit margins, return on capital employed (ROCE) and over twenty other ratios, alth...

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