Description
Book SynopsisA test-preparation guide for The American Institute of Professional Bookkeepers' (AIPB) bookkeeping certification test. It covers various bookkeeping basics, from setting up a company's books and recording transactions to managing employee payroll, handling government paperwork, and closing out the books.
Table of ContentsIntroduction 1
Part I: Exploring Bookkeeping Basics 5
Chapter 1: Deciphering the Basics 7
Chapter 2: Designing Your Bookkeeping System 19
Chapter 3: Sorting Out Your Business Road Map 33
Part II: Putting it All on Paper 47
Chapter 4: Looking at the Big Picture 49
Chapter 5: Journaling — The Devil’s in the Details 63
Chapter 6: Designing Controls for Your Books, Your Records, and Your Money 79
Part III: Tracking Day-to-Day Business Operations with Your Books 91
Chapter 7: Purchasing Goods and Tracking Your Purchases 93
Chapter 8: Calculating and Monitoring Sales 103
Chapter 9: Paying Your Employees 127
Chapter 10: Paying Employer Taxes and Completing Related Government Reports 141
Part IV: Getting Ready for Year’s (Or Month’s) End 149
Chapter 11: Depreciating Your Assets 151
Chapter 12: Paying and Collecting Interest 161
Chapter 13: Proving Out Your Books 173
Chapter 14: Checking and Correcting Your Books 185
Part V: Putting on Your Best Financial Face 201
Chapter 15: Showing Everything’s in Balance 203
Chapter 16: Proving Your Profits 221
Chapter 17: Doing Your Business Taxes 233
Chapter 18: Getting Ready for a New Bookkeeping Year 241
Part VI: The Part of Tens 249
Chapter 19: Top Ten Checklist for Managing Your Cash 251
Chapter 20: Top Ten Accounts You Should Monitor 255
Chapter 21: Top Ten Problems You Should Practice 259
Index 261
