The handy problem-solver with helpful information for today's busy bookkeepers Bookkeeping Essentials: How to Succeed as a Bookkeeper is the handy problem-solver that gives today's busy bookkeepers and accountants the helpful information they need in a quick-reference format. Whether in public practice or private industry, professionals will always have this reliable reference tool at their fingertips. Packed with practical techniques and rules of thumb for analyzing, evaluating, and solving the day-to-day problems every accountant faces Helps bookkeepers and accountants quickly pinpoint what to look for, what to watch out for, what to do, and how to do it Offers hundreds of explanations supported by a multitude of examples, tables, charts, and ratios Filled with dozens of accounting best practices, Bookkeeping Essentials is a powerful companion for the ever-changing world of today's accountant and bookkeeper.

The handy problem-solver with helpful information for today'sbusy bookkeepersBookkeeping Essentials: How to Succeed as a Bookkeeper isthe handy problem-solver that gives today's busy bookkeepers andaccountants the helpful information they need in a quick-referenceformat. Whether in public practice or private industryprofessionals will always have this reliable reference tool attheir fingertips.* Packed with practical techniques and rules of thumb foranalyzing, evaluating, and solving the day-to-day problems everyaccountant faces* Helps bookkeepers and accountants quickly pinpoint what to lookfor, what to watch out for, what to do, and how to do it* Offers hundreds of explanations supported by a multitude ofexamples, tables, charts, and ratiosFilled with dozens of accounting best practices, BookkeepingEssentials is a powerful companion for the ever-changing worldof today's accountant and bookkeeper.

Preface ixPart One The Basics of Bookkeeping 1Chapter 1 Bookkeeping Basics 3Chapter 2 Chart of Accounts 15Chapter 3 General Ledger and Subledgers 29Part Two Daily Activities 37Chapter 4 Payroll 39Chapter 5 Purchasing and Payments 79Chapter 6 Billing and Collections 99Chapter 7 Cash Management 121Chapter 8 Inventory 135Chapter 9 Fixed Assets 155Chapter 10 Debt Accounting 169Part Three Creating Financial statements 173Chapter 11 The Trial Balance 175Chapter 12 Closing the Books 185Chapter 13 Balance Sheet 193Chapter 14 Income Statement 205Part Four Controls 219Chapter 15 Budgeting 221Chapter 16 Control Systems 247Part Five Other Topics 265Chapter 17 Record Keeping 267Chapter 18 Cost Reduction Opportunities 277Appendices 297Appendix A Journal Entries 299Appendix B Beginning Bookkeeper Checklist 317Glossary 321About the Author 327Index 329