Bookkeeping For Dummies

Front Cover
John Wiley & Sons, Nov 28, 2005 - Business & Economics - 360 pages
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. People both inside and outside the business all depend on a bookkeeper’s accurate recordings.

Bookkeeping For Dummies provides the easy and painless way to master this crucial art. You’ll be able to manage your own finances to save money and grow your business. This straightforward, no-nonsense guide shows you the basics of bookkeeping—from recording transactions to producing balance sheets and year-end reports. Discover how to:

  • Outline your financial road map with a chart of accounts
  • Keep journals of cash transactions
  • Set up your computerized books
  • Control your books, your records, and your money
  • Buy and track your purchases
  • Record sales returns and allowances
  • Determine your employee [is “employee” necessary here?] staff’s net pay
  • Maintain employee records
  • Prepare your books for year’s end
  • Report results and start over
  • Produce an income statement
  • Complete year-end payroll and reports

This guide features tips and tricks for managing your business cash with your books and also profiles important accounts for any bookkeeper. There’s no question that bookkeepers must be detail-oriented, meticulous, and accurate. Bookkeeping For Dummies shows you how to keep track of your business’s financial well-being and ensure future success!


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LibraryThing Review

User Review  - kaitanya64 - LibraryThing

I may be rating this a little higher than it deserves, as I haven't found anything in this category I'm completely satisfied with. I was able to get the information I needed out of the book, but, for ... Read full review

Bookkeeping for Dummies

User Review  - punkindmb -

Overall has a nice mixture of information for the beginner and the expert. I needed to brush up on certain terms and they were all there. I will be purchasing their Quickbooks for Dummies soon. Read full review


Preparing the Books for Years
Basic Bookkeeping Why You Need It
Getting Down to Bookkeeping Basics
Outlining Your Financial Roadmap
Outlining Your Financial Roadmap with a Chart of Accounts 31 Part II Keeping a Paper Trail
Ledgers A OneStop Summary of Your Business Transactions 49 Chapter 5 Keeping Journals
Computer Options for Your Bookkeeping
Preparing the Books for Years
Paying and Collecting Interest
Proving Out the Cash
Closing the Journals
Adjusting the Books
Reporting Results and Starting Over
Producing an Income Statement
Completing YearEnd Payroll and Reports

Controlling Your Books Your Records and Your Money
Tracking DaytoDay Operations
Counting Your Sales
Employee Payroll and Benefits
EmployerPaid Taxes and Government Payroll Reporting
Satisfying the Tax Man
Prepping the Books for a New Accounting Cycle
Top Ten Ways to Manage Your Business Cash with Your Books
Top Ten Most Important Accounts

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About the author (2005)

Lita Epstein, who earned her MBA from Emory University's Goizueta Business School, enjoys helping people develop good financial, investing, and tax planning skills.
While getting her MBA, Lita worked as a teaching assistant for the financial accounting department and ran the accounting lab. After completing her MBA, she managed finances for a small nonprofit organization and for the facilities management section of a large medical clinic.
She designs and teaches online courses on topics such as investing for retirement, getting ready for tax time, and finance and investing for women. She's written more than ten books, including Streetwise Retirement Planning and Trading For Dummies.
Lita was the content director for a financial services Web site,, and managed the Web site Investing for Women. As a Congressional press secretary, Lita gained firsthand knowledge about how to work within and around the Federal bureaucracy, which gives her great insight into how government programs work. In the past, Lita has been a daily newspaper reporter, magazine editor, and fundraiser for the international activities of former President Jimmy Carter through The Carter Center.

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