Complete and essential reference to the process of bookkeeping for your business. This 6 page laminated guide includes the facts you need to ensure a well organized system for tracking expenses and profits enabling business owners to produce reports that will satisfy bankers for loan requirements, investors for raising cash, and government agencies for reporting data accurately to avoid penalties and interest. Author of over 40 books, financial specialist Lita Epstein, masterfully designed a reference that is an expert’s concise notes for building a system and ensuring that system is thorough. As an expert or new business owner this reference can elevate your understanding and vocabulary to be your company’s financial expert.
6 page laminated reference guide includes:
Bookkeeping Overview
Accounting Methods
Exploring Assets, Liabilities & Equity
Understanding Debits & Credits
Mapping the Books
Developing the Chart of Accounts
Using Your Business Map
Journals
General Ledgers
Reports
Computerized Accounting Programs
Internal Controls
Protecting Your Business’s Cash
Documenting Transactions
Protecting Against Fraud
Employee Bonding
Entering Key Transactions
Inventory Purchases
Hiring Staff
Completing Government Forms for New Hires
Determining Pay Periods
Wage & Salary Types
Social Security & Medicare
Unemployment Taxes
Worker’s Compensation
Testing for Accuracy
Proving the Cash & Inventory
Finalizing Cash Receipts
Inventory
Adjusting for Errors
Closing the Journals
Using Summary Results
Prepping Books for a New Accounting Cycle
Steps in The Accounting Cycle
Adding or Deleting Accounts
Reviewing Customer Accounts
Assessing Vendor Accounts
Starting a New Bookkeeping Year
Preparing Financial Reports
Balance Sheet
Income Statement
Internal Reports
Other External Reports