Description
Book SynopsisThe handy problem-solver with helpful information for today''s busy bookkeepers Bookkeeping Essentials: How to Succeed as a Bookkeeper is the handy problem-solver that gives today''s busy bookkeepers and accountants the helpful information they need in a quick-reference format. Whether in public practice or private industry, professionals will always have this reliable reference tool at their fingertips.
- Packed with practical techniques and rules of thumb for analyzing, evaluating, and solving the day-to-day problems every accountant faces
- Helps bookkeepers and accountants quickly pinpoint what to look for, what to watch out for, what to do, and how to do it
- Offers hundreds of explanations supported by a multitude of examples, tables, charts, and ratios
Filled with dozens of accounting best practices, Bookkeeping Essentials is a powerful companion for the ever-changing world of today''s accountant and bookkeeper.
Table of ContentsPreface ix
Part One The Basics of Bookkeeping 1
Chapter 1 Bookkeeping Basics 3
Chapter 2 Chart of Accounts 15
Chapter 3 General Ledger and Subledgers 29
Part Two Daily Activities 37
Chapter 4 Payroll 39
Chapter 5 Purchasing and Payments 79
Chapter 6 Billing and Collections 99
Chapter 7 Cash Management 121
Chapter 8 Inventory 135
Chapter 9 Fixed Assets 155
Chapter 10 Debt Accounting 169
Part Three Creating Financial statements 173
Chapter 11 The Trial Balance 175
Chapter 12 Closing the Books 185
Chapter 13 Balance Sheet 193
Chapter 14 Income Statement 205
Part Four Controls 219
Chapter 15 Budgeting 221
Chapter 16 Control Systems 247
Part Five Other Topics 265
Chapter 17 Record Keeping 267
Chapter 18 Cost Reduction Opportunities 277
Appendices 297
Appendix A Journal Entries 299
Appendix B Beginning Bookkeeper Checklist 317
Glossary 321
About the Author 327
Index 329
