Lita Epstein - Bookkeeping for Dummies

Lita Epstein - Bookkeeping for Dummies

Accurate bookkeeping is crucial to every business - but few people relish the task. This straight-talking guide simplifies every aspect of financial record keeping, walking you through all the basic skills you need. From tracking transactions and keeping ledgers to producing balance sheets and year-end reports, this book makes bookkeeping your best friend in business.


Master the art and science of bookkeeping the fast and easy way Bookkeeping may not be fun, and it?s rarely pretty, but you simply cannot run a business without it. This updated edition of Britain?s bestselling guide gets you up and running with the knowledge and skills you need to keep your books balanced, your finances in order and the tax inspector off your back. From tracking transactions and keeping ledgers to producing balance sheets and year-end reports, you?ll master all the important terms, procedures, forms and processes more quickly and easily than you ever thought possible. Why bother? - understand why it?s so essential to your company?s well-being and future success to organise and manage your books, how it?s done and where to start Keeping a paper trail - learn how to enter financial transactions in your books and post them to your Nominal Ledger, keep a detailed journal of transactions and set up internal controls for managing your books and your cash One day at a time - find out how to keep track of day-to-day operations, sales and purchases, as well as adjustments to sales and purchases such as discounts and returns Keeping the payroll rolling - get the lowdown on setting up and managing payrolls, as well as all the HM Revenue & Customs paperwork involved in hiring a new employee Closing the books - how to close out monthly, quarterly or yearly accounting periods and calculate and record depreciation, interest payments and receipts Making it official - learn how to prepare financial reports and profit and loss statements, properly fill out all required tax forms and prepare your books for next year Open the book and find: How to create and maintain your company?s financial records The best ways to keep books up-to-date with technology Techniques on maintaining employee records How to calculate your staff?s net pay Guidance on producing income statements and financial reports Advice on keeping the tax inspector happy Learn to: Keep accurate and complete financial records Use the latest in bookkeeping software Produce balance sheets and year-end reports Manage cash-flow Keep the tax Inspector happy



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