Bookkeeping Kit For Dummies

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The easy way to get a handle on bookkeeping Accurate and complete bookkeeping is crucial to investors, financial institutions, and various employees in businesses, and Bookkeeping Kit For Dummies provides the easy and painless way to master this critical skill. You'll get clear and concise information along with plenty of practice opportunities and examples to hone your bookkeeping skills. Brush up on basics -- get an overview of how bookkeeping works, understand terminology unique to bookkeeping, and set up your company's books Keep a paper trail -- find out how to enter your financial transactions in the books, post transactions to your General Ledger, and track all the details in your journals Roll out the dough -- track your day-to-day business operations, set up and manage employee payroll, and make sense of government paperwork that comes with new hires All good things come to an end -- delve into the process for closing out an accounting period, whether at the end of a month or the end of a year Report your results -- discover how to use all the information in your books to prepare reports that show how well your company did during the month, quarter, or year Open the book and find: Tips for developing a good internal control system for managing your books The importance of an accurate paper trail How to test the balance of your books Year-end government reports and IRS forms Ledgers, journals, and computer options How to protect your business against internal fraud Ways to stay on top of inventory, supplies, and bills Lots of practice exercises