DescriptionGet your books in order quickly and easily with this straightforward guide to Australian bookkeeping
Bookkeeping Essentials For Dummies is the must-have guide to understanding Australian bookkeeping. This vital reference provides the core information that all bookkeepers and small business owners need, with each task explained step by step, and tricky concepts broken down into simple and accessible language.
This second edition has been fully updated to reflect the impact of cloud-based accounting, and provides practical tips for working with MYOB, QuickBooks, Reckon and Xero. Discover how bank feeds and automated reconciliations can transform everyday bookkeeping, and how you can use these features, along with the cloud, to save time and make your bookkeeping processes more efficient. Find out how to create a new set of accounts, and figure out the best ways to record income and expenses.
Whether you balance your own books or pay someone else to do it, it's crucial to have a sound understanding of basic bookkeeping. Bookkeeping Essentials For Dummies is the quick, easy way to get up to speed, with relevant and practical advice.
- Choose the right accounting software for your business
- Create systems for recording expenses, payments, receipts and sales
- Reconcile accounts and chase the money you're owed
- Process employee pay and generate payroll reports
- Understand GST, code transactions and complete Business Activity Statements
Say goodbye to dry explanations and confusing jargon. Bookkeeping Essentials For Dummies is your go-to guide in order to use the latest technology to its best advantage and develop new skills. Eliminate the stress of poor bookkeeping systems, and do your books efficiently with this lively resource.
Chapter 1: Getting Started 5
Chapter 2: Choosing Software and Working in the Cloud 15
Chapter 3: Building Your Accounts 27
Chapter 4: Creating Order from Chaos 41
Chapter 5: Recording Expenses and Supplier Payments 55
Chapter 6: Recording Receipts and Sales 71
Chapter 7: Understanding GST 81
Chapter 8: Paying Employees 95
Chapter 9: Reconciling Accounts 113
Chapter 10: Understanding Financial Reports 127
Chapter 11: Starting a New Financial Year 141
Chapter 12: Ten (Or More) Tips for Contract Bookkeepers 151