Product Description

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!

Product Details

• Amazon Sales Rank: #159330 in Books
• Published on: 2005-12-02
• Original language: English
• Number of items: 1
• Binding: Paperback
• 360 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.

Customer Reviews

Be aware! Not for us locals...
This book is written from a US perspective. While the basic principles are the same, it uses US terminology and can be a little confusing. The tax section relates to that of the USA and not the UK. I sent mine back for an immediate refund and will wait until the UK version is published in February 2007.

What bookkeeping is
The book gives an overview of bookkeeping dealing with all aspects of what is necessary to enable someone to understand how and why financial records are compiled and what those records can tell you about the finacial health of the business. The guidance offered in this book will give anyone a better understanding of how a business is performing and an idea of what to do about it. The one criticism I have would be the lack of worked examples in the book. However the book is worth the purchase price.
A companion book would be a work book dealing with actual examples with suggested answers to further reinforce the topics covered in the book.

Does not deliver what it says on the cover
Wanted a beginners guide to book keeping that a complete novice could understand. This book does not deliver. More for someone that has an understanding of book keeping than a beginner.