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Bookkeeping Workbook For Dummies



Bookkeeping Workbook For Dummies

Lita Epstein

ISBN: 978-0-470-23797-7 January 2008 288 Pages

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If you're preparing for The American Institute of Professional Bookkeepers' (AIPB) bookkeeping certification test, you need an easy- to-follow test-preparation guide that gets you up to speed quickly in all of the bookkeeping basics, from setting up a company's books and recording transactions to managing employee payroll, handling government paperwork, and closing out the books. You need Bookkeeping Workbook For Dummies.

With demonstration problems, complementary examples, and multiple-choice questions you'll find in this user-friendly primer, you'll sharpen your bookkeeping skills for the real world as you increase your ability to perform well on any test. Chapter quizzes let check your progress as you go, and step-by-step answers show you where you went wrong (or right) each problem. You'll feel your confidence —and competence—growing as you learn how to:

  • Perform a wide variety of financial transactions
  • Use key concepts and skills with real-world bookkeeping problems
  • Design a bookkeeping system
  • Track day-to-day business operations
  • Keep journals for active accounts
  • Use blank working papers and spread sheets
  • Handle cash entries and develop internal controls
  • Calculate and pay employee withholding taxes
  • Depreciate assets
  • Prove out your books at year's end
  • Prepare tax returns as set up for a new year

Complete with Top Ten lists for managing cash, monitoring accounts, and finding additional helpful resources, Bookkeeping Workbook For Dummies is the test-prep guide you need to help you ace the certification test and speed your way into a successful and rewarding career.

Introduction 1

Part I: Exploring Bookkeeping Basics 5

Chapter 1: Deciphering the Basics 7

Chapter 2: Designing Your Bookkeeping System 19

Chapter 3: Sorting Out Your Business Road Map 33

Part II: Putting it All on Paper 47

Chapter 4: Looking at the Big Picture 49

Chapter 5: Journaling — The Devil’s in the Details 63

Chapter 6: Designing Controls for Your Books, Your Records, and Your Money 79

Part III: Tracking Day-to-Day Business Operations with Your Books 91

Chapter 7: Purchasing Goods and Tracking Your Purchases 93

Chapter 8: Calculating and Monitoring Sales 103

Chapter 9: Paying Your Employees 127

Chapter 10: Paying Employer Taxes and Completing Related Government Reports 141

Part IV: Getting Ready for Year’s (Or Month’s) End 149

Chapter 11: Depreciating Your Assets 151

Chapter 12: Paying and Collecting Interest 161

Chapter 13: Proving Out Your Books 173

Chapter 14: Checking and Correcting Your Books 185

Part V: Putting on Your Best Financial Face 201

Chapter 15: Showing Everything’s in Balance 203

Chapter 16: Proving Your Profits 221

Chapter 17: Doing Your Business Taxes 233

Chapter 18: Getting Ready for a New Bookkeeping Year 241

Part VI: The Part of Tens 249

Chapter 19: Top Ten Checklist for Managing Your Cash 251

Chapter 20: Top Ten Accounts You Should Monitor 255

Chapter 21: Top Ten Problems You Should Practice 259

Index 261