Bookkeeping Essentials For Dummies - Curtis, Veechi

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Résumé :

Foreword xi

Introduction 1

About This Book 1

Foolish Assumptions 2

Icons Used in This Book 2

Where to Go from Here 3

Chapter 1: Getting Started 5

Deciding What Software to Use 6

Designing a System to Fit You 6

Getting organised 6

Keeping track of expenses and supplier bills 7

Recording money in 8

Getting Technical 8

Understanding GST 8

Working with payroll 9

Reconcile often, reconcile well 10

Developing an Attitude 10

Convince yourself this stuff matters 11

Quit counting sheep 11

Do your job well 12

Getting Skilled Up 12

Keeping your qualifications up to date 13

Joining an association 13

Signing up to a course 13

Chapter 2: Working with Accounting Software 15

Getting into Gear 15

Laying essential foundations 16

Understanding basic terms 16

Working in the cloud 17

Matching Software to the Job in Hand 18

Starting up a new business 19

Getting ready to grow 19

Making stuff and buying stuff 20

Catering for bigger business or non-profits 21

Chapter 3: Building Your Accounts 23

Classifying Accounts 24

Building Your Profit & Loss Accounts 24

Analysing income streams 25

Separating cost of sales accounts 25

Cataloguing expenses 26

Dealing with personal expenses 28

Seeing Where the Money's Made 29

Itemising Balance Sheet Accounts 30

Adding up the assets 31

Listing liabilities 33

Accounting for equity 34

Your Final Chart of Accounts 35

Chapter 4: Creating Order Out of Chaos 37

Devising a Recordkeeping System 38

Getting your hands on the right info 38

Receiving bills electronically 40

Filing stuff so you can find it again 40

Developing a Bookkeeping Calendar 41

Keeping track of deadlines 41

Deciding what to keep and how long for 43

Helping Others to Help You 44

Chapter 5: Recording Expenses and Supplier Payments 45

Working with a Micro Business 46

Automating data entry with bank feeds 47

Entering transactions one by one 48

Recording Expenses for a Small Business 50

Deciding whether to record supplier bills 52

Bookkeeping for a Larger Business 53

Managing supplier orders and invoices 53

Making supplier payments 55

Dealing with EFTPOS and credit card transactions 56

Allocating Everything Correctly 56

Selecting the right account 56

Getting things right: five top tips 59

Chapter 6: Recording Receipts and Sales 61

Keeping Track of Sales and Payments 62

Recording customer sales 62

Entering customer payments 64

Working on a Cash Basis 66

Bookkeeping for Other Kinds of Income 68

Recording miscellaneous receipts 68

Dazzling everyone with your brilliance 69

Bringing Home the Bacon 70

Chapter 7: Understanding GST 73

Coughing Up the Difference 74

Picking a reporting method 74

Reporting for duty 75

Calculating GST 76

Figuring What's Taxed and What's Not 77

Move it, groove it, tax it 77

Transactions with no GST 78

Understanding Tax Codes 79

Creating a list of tax codes 80

Linking accounts to tax codes 81

Staying Out of Trouble 82

Avoiding traps for the unwary 82

Keeping personal matters separate 83

Completing Your Business Activity Statement 84

Playing in form 84

Meeting your deadlines 85

Chapter 8: Paying Employees 87

Hiring a New E...

Biographie:

Veechi Curtis is a qualified accountant and business consultant who specialises in teaching small businesses about technology and finance. She is the author of MYOB Software For Dummies, QuickBooks For Dummies, Small Business For Dummies and Creating a Business Plan For Dummies....

Sommaire:

• Get across the bookkeeping basics
• Manage GST and customer invoicing
• Generate financial reports

Learn the basics and take the stress out of bookkeeping!

Whether you're new to the world of bookkeeping or looking for a refresher on bookkeeping fundamentals, this is the book for you. From information on how GST works through to recording everyday transactions and creating reports, this straightforward, jargon-free guide will break down the basics of bookkeeping and help you keep the finances of any business, no matter how large or small, on the right side of the ledger.

Inside...

• Build a list of accounts
• Plan your bookkeeping schedule
• Record receipts and sales
• Choose the best software
• Understand GST
• Generate financial reports
• Manage employee payroll
• Troubleshoot tricky situations