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Consumer Dummies / Bodian

Bookkeeping All-In-One For Dummies

Medium: Buch
ISBN: 978-1-119-09421-0
Verlag: John Wiley & Sons Inc
Erscheinungstermin: 09.10.2015
Lieferfrist: bis zu 10 Tage

Your one-stop guide to mastering the art of bookkeeping

Do you need to get up and running on bookkeeping basics and the latest tools and technology used in the field? You've come to the right place! Bookkeeping All-In-One For Dummies is your go-to guide for all things bookkeeping, covering everything from learning to keep track of transactions, unraveling up-to-date tax information recognizing your assets, and wrapping up your quarter or your year. Bringing you accessible information on the new technologies and programs that develop with the art of bookkeeping, it cuts through confusing jargon and gives you friendly instruction you can put to use right away.
* Covers all of the new techniques and programs in the bookkeeping field
* Shows you how to manage assets and liabilities
* Explains how to track business transactions accurately with ledgers and journals
* Helps you make sense of accounting and bookkeeping basics

If you're just starting out in bookkeeping or an experienced bookkeeper looking to brush up on your skills, Bookkeeping All-In-One For Dummies is the only resource you'll need.


Produkteigenschaften


  • Artikelnummer: 9781119094210
  • Medium: Buch
  • ISBN: 978-1-119-09421-0
  • Verlag: John Wiley & Sons Inc
  • Erscheinungstermin: 09.10.2015
  • Sprache(n): Englisch
  • Auflage: 1. Auflage 2015
  • Produktform: Kartoniert
  • Gewicht: 776 g
  • Seiten: 576
  • Format (B x H x T): 236 x 274 x 30 mm
  • Ausgabetyp: Kein, Unbekannt
  • Nachauflage: 978-1-119-59290-7
Autoren/Hrsg.

Autoren

Introduction 1

About This Book 2

Foolish Assumptions 2

Icons Used in This Book 2

Beyond the Book 3

Where to Go From Here 3

Book I: Keeping the Books 5

Chapter 1: Basic Bookkeeping 7

Bookkeepers: The Record Keepers of the Business World 7

Delving into Bookkeeping Basics 8

Picking your accounting method: Cash basis versus accrual 9

Understanding assets, liabilities, and equity 9

Introducing debits and credits 9

Charting your bookkeeping course 10

Recognizing the Importance of an Accurate Paper Trail 10

Maintaining a ledger 11

Keeping journals 11

Instituting internal controls 11

Computerizing 12

Using Bookkeeping's Tools to Manage Daily Finances 12

Maintaining inventory 12

Tracking sales 13

Handling payroll 13

Running Tests for Accuracy 14

Proving out your cash 14

Testing your balance 14

Doing bookkeeping corrections 14

Finally Showing Off Your Financial Success 14

Preparing financial reports 15

Paying taxes 15

Wading through Bookkeeping Lingo 16

Accounts for the balance sheet 16

Accounts for the income statement 17

Other common terms 17

Pedaling through the Accounting Cycle 18

Tackling the Big Decision: Cash?]basis or Accrual Accounting 20

Waiting for funds with cash?]basis accounting 20

Recording right away with accrual accounting 21

Seeing Double with Double?]Entry Bookkeeping 22

Differentiating Debits and Credits 24

Chapter 2: Charting the Accounts 25

Getting to Know the Chart of Accounts 25

Starting with the Balance Sheet Accounts 27

Tackling assets 28

Laying out your liabilities 31

Eyeing the equity 33

Tracking the Income Statement Accounts 34

Recording the money you make 34

Tracking the Cost of Sales 35

Acknowledging the money you spend 35

Setting Up Your Chart of Accounts 37

Chapter 3: The General Ledger 41

The Eyes and Ears of a Business 41

Developing Entries for the Ledger 42

Posting Entries to the Ledger 46

Adjusting for Ledger Errors 50

Using Computerized Transactions to Post and Adjust in the General Ledger 51

Chapter 4: Keeping Journals 53

Establishing a Transaction's Point of Entry 53

When Cash Changes Hands 54

Keeping track of incoming cash 54

Following outgoing cash 56

Managing Sales Like a Pro 58

Keeping Track of Purchases 60

Dealing with Transactions that Don't Fit 62

Posting Journal Information to Accounts 64

Simplifying Your Journaling with Computerized Accounting 66

Chapter 5: Controlling Your Records 71

Putting Controls on Your Business's Cash 71

Checking accounts 72

Savings accounts 77

Petty cash accounts 77

Cash registers 78

Keeping the Right Paperwork 80

Creating a filing system 81

Figuring out what to keep and for how long 82

Protecting Your Business Against Internal Fraud 83

Facing the reality of financial fraud 83

Dividing staff responsibilities 85

Balancing control costs 87

Insuring Your Cash through Employee Bonding 88

Chapter 6: Computer Options for Bookkeeping.89

Surveying Your Software Options 90

Bookkeeper 90

Sage 50 Pro 91

QuickBooks Pro 92

Setting Up Your Computerized Books 93

Customizing software to match your operations 95

Converting your manual bookkeeping to a computerized system 97

Chapter 7: Financial Statements and Accounting Standards 99

Reviewing the Basic Content of Financial Statements 100

Realizing that form follows function in financial statements 100

Income statements 102

Balance sheets 104

Statement of cash flows 108

A note about the statement of changes in shareowners' equity 111

Contrasting Profit and Cash Flow from Profit 111

Gleaning Key Information from Financial Statements 113
How's profit performance? 113

Is there enough cash? 114

Can you trust financial statement numbers? 115

Why no cash distribution from profit? 116

Keeping in Step with Accounting and Financial Reporting