bookkeeping kit for dummies

ISBN-13: 9781118116456 / Angielski / Miękka / 2012 / 432 str.

Lita Epstein

Opis

The easy way to get a handle on bookkeeping Accurate and complete bookkeeping is crucial to any business owner, but it's also important to those who work with the business, such as investors, financial institutions, and employees. Bookkeeping For Dummies provides the easy and painless way to master this critical skill. You'll get clear and concise information on keeping track of transactions, figuring out balance sheets, keeping ledgers or journals, creating financial statements, and operating accounts for businesses, along with practices and examples to hone your skills. Plus, the bonus CD includes samples of bookkeeping forms, working papers, letters, resources, and spreadsheets.

• Keeping track of transactions
• Figuring out the balance sheet
• Keeping a ledger and journal
• Creating financial statements
• Operating accounts for businesses
• Recognizing assets and liabilities
• Up-to-date tax information
• Changes in small business regulations
• Additional and complementary examples
• Demonstration problems
• True/false and multiple-choice questions and scenarios

Whether you're a professional or a student looking to expand your skills, Bookkeeping Kit For Dummies is a one-stop resource for anyone interested in this ever-growing occupation.

Spis treści

Introduction 1

Part I: Basic Bookkeeping: Why You Need It 7

Chapter 1: So You Want to Do the Books 9

Chapter 2: Getting Down to Bookkeeping Basics 17

Chapter 3: Outlining Your Financial Road Map with a Chart of Accounts 39

Part II: Keeping a Paper Trail 55

Chapter 4: The General Ledger: A One–Stop Summary of Your Business Transactions 57

Chapter 5: Keeping Journals 81

Chapter 6: Computer Options for Your Bookkeeping 111

Chapter 7: Controlling Your Books, Your Records, and Your Money 121

Part III: Tracking Day–to–Day Business Operations with Your Books 139

Chapter 8: Buying and Tracking Your Purchases 141

Chapter 9: Counting Your Sales 159

Chapter 10: Employee Payroll and Benefits 191

Chapter 11: Employer–Paid Taxes and Government Payroll Reporting 213

Part IV: Preparing the Books for Year′s (Or Month′s) End 227

Chapter 12: Depreciating Your Assets 229

Chapter 13: Paying and Collecting Interest 243

Chapter 14: Proving Out the Cash 261

Chapter 15: Closing the Journals 277

Chapter 16: Checking Your Accuracy by Trial and (Hopefully No) Error 289

Chapter 17: Adjusting the Books 301

Part V: Reporting Results and Starting Over 317

Chapter 18: Developing a Balance Sheet 319

Chapter 19: Producing an Income Statement 337

Chapter 20: Completing Year–End Payroll and Reports 355

Chapter 21: Satisfying the Tax Man 365

Chapter 22: Prepping the Books for a New Accounting Cycle 373

Part VI: The Part of Tens 379

Chapter 23: Ten Ways to Manage Your Business Cash with Your Books...............381

Chapter 24: The Ten (Plus One) Most Important Accounts for Any Bookkeeper 385

Part VII: Appendixes 389

Appendix A: Glossary 391

Appendix B: About the CD 395

Index 403

O autorze

Lita Epstein, MBA, designs online courses about reading financial reports, investing, and taxes. She′s the author of Reading Financial Reports For Dummies and also writes periodically for AOL′s Daily Finance.

Blurb

The easy way to get a handle on bookkeeping

Accurate and complete bookkeeping is crucial to investors, financial institutions, and various employees in businesses, and Bookkeeping Kit For Dummies provides the easy and painless way to master this critical skill. You′ll get clear and concise information along with plenty of practice opportunities and examples to hone your bookkeeping skills.

• Brush up on basics get an overview of how bookkeeping works, understand terminology unique to bookkeeping, and set up your company′s books

• Keep a paper trail find out how to enter your financial transactions in the books, post transactions to your General Ledger, and track all the details in your journals

• Roll out the dough track your day–to–day business operations, set up and manage employee payroll, and make sense of government paperwork that comes with new hires

• All good things come to an end delve into the process for closing out an accounting period, whether at the end of a month or the end of a year

• Report your results discover how to use all the information in your books to prepare reports that show how well your company did during the month, quarter, or year

Bonus CD Includes: Bookkeeping forms, working papers, tax forms, resources, and spreadsheets

Please see the CD appendix for details and complete system requirements.

Open the book and find:

• Tips for developing a goodinternal control system for managing your books

• The importance of an accurate paper trail

• How to test the balance of your books

• Year–end government reports and IRS forms

• Ledgers, journals, and computer options

• How to protect your business against internal fraud

• Ways to stay on top of inventory, supplies, and bills

• Lots of practice exercises