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Bookkeeping for Dummies (For Dummies), by Paul Barrow, Lita Epstein
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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. People both inside and outside the business all depend on a bookkeeper’s accurate recordings.
Bookkeeping For Dummies provides the easy and painless way to master this crucial art. You’ll be able to manage your own finances to save money and grow your business. This straightforward, no-nonsense guide shows you the basics of bookkeeping—from recording transactions to producing balance sheets and year-end reports. Discover how to:
- Outline your financial road map with a chart of accounts
- Keep journals of cash transactions
- Set up your computerized books
- Control your books, your records, and your money
- Buy and track your purchases
- Record sales returns and allowances
- Determine your employee [is “employee” necessary here?] staff’s net pay
- Maintain employee records
- Prepare your books for year’s end
- Report results and start over
- Produce an income statement
- Complete year-end payroll and reports
This guide features tips and tricks for managing your business cash with your books and also profiles important accounts for any bookkeeper. There’s no question that bookkeepers must be detail-oriented, meticulous, and accurate. Bookkeeping For Dummies shows you how to keep track of your business’s financial well-being and ensure future success!
- Sales Rank: #6061343 in Books
- Published on: 2007-02-16
- Format: Import
- Original language: English
- Number of items: 1
- Dimensions: 9.65" h x .91" w x 7.32" l,
- Binding: Paperback
- 392 pages
From the Back Cover
The painless way to master the art of bookkeeping!
Manage your own finances to save money and grow your business!
If you're a small business owner who manages your own finances, Bookkeeping For Dummies is for you. This friendly guide covers all the basics of bookkeeping — from recording transactions to producing balance sheets and year-end reports. It's the easy way to keep track of your business's financial well-being.
Discover how to
- Keep track of transactions
- Produce balance sheets
- Create financial statements
- Manage assets and liabilities
- Keep ledgers and journals
About the Author
Lita Epstein, who earned her MBA from Emory University’s Goizueta Business School, enjoys helping people develop good financial, investing, and tax planning skills.
While getting her MBA, Lita worked as a teaching assistant for the financial accounting department and ran the accounting lab. After completing her MBA, she managed finances for a small nonprofit organization and for the facilities management section of a large medical clinic.
She designs and teaches online courses on topics such as investing for retirement, getting ready for tax time, and finance and investing for women. She’s written more than ten books, including Streetwise Retirement Planning and Trading For Dummies.
Lita was the content director for a financial services Web site, MostChoice.com, and managed the Web site Investing for Women. As a Congressional press secretary, Lita gained firsthand knowledge about how to work within and around the Federal bureaucracy, which gives her great insight into how government programs work. In the past, Lita has been a daily newspaper reporter, magazine editor, and fundraiser for the international activities of former President Jimmy Carter through The Carter Center.
Most helpful customer reviews
3 of 3 people found the following review helpful.
Still a dummy but good book
By Tony
Teaching a non-accountant how to run the business books is no small task and can take months to cultivate a basic understanding. Book keeping for dummies provided good basic accounting skills, the strange language, and not-to-do's content that I would expect. I have used it many times trying to navigate Sage Complete Peachtree. However, there are still some accounting nuances that really need more detail in these books, like company credit cards liability and the whole chart of accounts vendor stuff so the dollars goes into the right bucket. Basically tell me which bucket to put the bucks into! Still, I would recommend for anyone facing the same problem when starting from an empty shell.
60 of 64 people found the following review helpful.
Failed to explain bookkeeping.
By Matt
Don't waste your money on this book. There are much better explanations of bookkeeping available on the internet for free. Try googling "double entry bookkeeping tutorial".
The primary reason I bought this book was to understand double entry bookkeeping: debits, credits, ledgers, journals, etc.
Unfortunately, while the book addresses these topics, it does not explain them. For example, for debits & credits the best the author can do is print a table and basically ask the reader to memorize it. I don't want to memorize stuff. I want to understand the logic behind a system so that I can figure the details out on my own.
The author also spends a lot of time explaining the process of closing the books at the end of an accounting period. She makes it sound so onerous and complicated that any reasonable person would conclude that it is better to just hire an accountant. Maybe the author is an accountant trying to drum up business?
Another complaint I have with the book is that every example the author uses to illustrate bookkeeping involves a retail store. I bet most small businesses are not retail stores. The principles of accounting are basic, they apply to retail stores, service businesses, non-profits, governments, households. How about a variety of examples to show how the system works for these various types of entities?
2 of 2 people found the following review helpful.
Bookkeeping made Simple
By marlecelee
I love this book can't say enough about it . I had bookkeeping1 & 11 in college I am somewhat comfortable with it; however this book put the icing on the cake.I highly recommend this book for anyone who understands accounting.
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