Lita Epstein 
Bookkeeping Kit For Dummies 

The easy way to get a handle on bookkeeping

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.
Bookkeeping For Dummies provides the easy and painless way
to master this critical skill.

You’ll get clear and concise information on keeping track of
transactions, figuring out balance sheets, keeping ledgers or
journals, creating financial statements, and operating accounts for
businesses, along with practices and examples to hone your skills.
Plus, the bonus CD includes samples of bookkeeping forms, working
papers, letters, resources, and spreadsheets.

* Keeping track of transactions

* Figuring out the balance sheet

* Keeping a ledger and journal

* Creating financial statements

* Operating accounts for businesses

* Recognizing assets and liabilities

* Up-to-date tax information

* Changes in small business regulations

* Additional and complementary examples

* Demonstration problems

* True/false and multiple-choice questions and scenarios

Whether you’re a professional or a student looking to expand
your skills, Bookkeeping Kit For Dummies is a one-stop
resource for anyone interested in this ever-growing occupation.

Table of Content

Introduction 1

Part I: Basic Bookkeeping: Why You Need It 7

Chapter 1: So You Want to Do the Books 9

Chapter 2: Getting Down to Bookkeeping Basics 17

Chapter 3: Outlining Your Financial Road Map with a Chart of Accounts 39

Part II: Keeping a Paper Trail 55

Chapter 4: The General Ledger: A One-Stop Summary of Your Business Transactions 57

Chapter 5: Keeping Journals 81

Chapter 6: Computer Options for Your Bookkeeping 111

Chapter 7: Controlling Your Books, Your Records, and Your Money121

Part III: Tracking Day-to-Day Business Operations with Your Books 139

Chapter 8: Buying and Tracking Your Purchases 141

Chapter 9: Counting Your Sales 159

Chapter 10: Employee Payroll and Benefits 191

Chapter 11: Employer-Paid Taxes and Government Payroll Reporting213

Part IV: Preparing the Books for Year’s (Or Month’s) End227

Chapter 12: Depreciating Your Assets 229

Chapter 13: Paying and Collecting Interest 243

Chapter 14: Proving Out the Cash 261

Chapter 15: Closing the Journals 277

Chapter 16: Checking Your Accuracy by Trial and (Hopefully No)Error 289

Chapter 17: Adjusting the Books 301

Part V: Reporting Results and Starting Over 317

Chapter 18: Developing a Balance Sheet 319

Chapter 19: Producing an Income Statement 337

Chapter 20: Completing Year-End Payroll and Reports 355

Chapter 21: Satisfying the Tax Man 365

Chapter 22: Prepping the Books for a New Accounting Cycle373

Part VI: The Part of Tens 379

Chapter 23: Ten Ways to Manage Your Business Cash with Your Books……………381

Chapter 24: The Ten (Plus One) Most Important Accounts for Any Bookkeeper 385

Part VII: Appendixes 389

Appendix A: Glossary 391

Appendix B: About the CD 395

Index 403

About the author

Lita Epstein, MBA, designs online courses about reading financial reports, investing, and taxes. She’s the author of Reading Financial Reports For Dummies and also writes periodically for AOL’s Daily Finance.