Bookkeeping Kit For Dummies

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.

The easy way to get a handle on bookkeepingAccurate and complete bookkeeping is crucial to any businessowner, but it's also important to those who work with the businesssuch as investors, financial institutions, and employees.Bookkeeping For Dummies provides the easy and painless wayto master this critical skill.You'll get clear and concise information on keeping track oftransactions, figuring out balance sheets, keeping ledgers orjournals, creating financial statements, and operating accounts forbusinesses, along with practices and examples to hone your skills.Plus, the bonus CD includes samples of bookkeeping forms, workingpapers, 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 scenariosWhether you're a professional or a student looking to expandyour skills, Bookkeeping Kit For Dummies is a one-stopresource for anyone interested in this ever-growing occupation.

Introduction 1Part I: Basic Bookkeeping: Why You Need It 7Chapter 1: So You Want to Do the Books 9Chapter 2: Getting Down to Bookkeeping Basics 17Chapter 3: Outlining Your Financial Road Map with a Chart ofAccounts 39Part II: Keeping a Paper Trail 55Chapter 4: The General Ledger: A One-Stop Summary of YourBusiness Transactions 57Chapter 5: Keeping Journals 81Chapter 6: Computer Options for Your Bookkeeping 111Chapter 7: Controlling Your Books, Your Records, and Your Money121Part III: Tracking Day-to-Day Business Operations with YourBooks 139Chapter 8: Buying and Tracking Your Purchases 141Chapter 9: Counting Your Sales 159Chapter 10: Employee Payroll and Benefits 191Chapter 11: Employer-Paid Taxes and Government Payroll Reporting213Part IV: Preparing the Books for Year's (Or Month's) End227Chapter 12: Depreciating Your Assets 229Chapter 13: Paying and Collecting Interest 243Chapter 14: Proving Out the Cash 261Chapter 15: Closing the Journals 277Chapter 16: Checking Your Accuracy by Trial and (Hopefully No)Error 289Chapter 17: Adjusting the Books 301Part V: Reporting Results and Starting Over 317Chapter 18: Developing a Balance Sheet 319Chapter 19: Producing an Income Statement 337Chapter 20: Completing Year-End Payroll and Reports 355Chapter 21: Satisfying the Tax Man 365Chapter 22: Prepping the Books for a New Accounting Cycle373Part VI: The Part of Tens 379Chapter 23: Ten Ways to Manage Your Business Cash with YourBooks...............381Chapter 24: The Ten (Plus One) Most Important Accounts for AnyBookkeeper 385Part VII: Appendixes 389Appendix A: Glossary 391Appendix B: About the CD 395Index 403