Accounting At Your Fingertips, 2e

Accounting At Your Fingertips, 2e

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Most small business owners learn early on that it's much cheaper to do their own books (alone or with the assistance of a bookkeeper or accounting clerk) and have them reviewed by an accountant than to have a CPA on staff. With a steady supply of entrepreneurs opening new businesses, there's a real need for a one-stop accounting reference busy owners, bookkeepers, and accounting clerks can use to access the specific information they need quickly and accurately. Accounting at Your Fingertips, Second Edition, helps readers pinpoint the precise information they need on any accounting topic without wasting time. Divided into concise but complete bites that are easy to find and easy to understand, Accounting at Your Fingertips, Second Edition, covers all topics related to the monthly accounting process. Based on the notion that time is the scarcest commodity of all, this book is organized to allow readers the shortest path to the information they need, including: - Organization and proper accounting procedures. - Creating a chart of accounts and balance sheet accounts. - Posting accounts to the general ledger. - Reporting assets and expenses. - Handling receivables, payroll, and cost of goods and services. - Posting salaries, wages, and payroll taxes. - End-of-month accounting tasks and procedures. - Producing balance sheets, profit and loss statements, and end-of-year payroll reports.Closing the books at the end of the year.In this subchapter, we explain why bank and book differences occur and how to reconcile them should you find them. ... the end of each montha€”the amount you can accurately list on your balance sheeta€”ita#39;s necessary to make adjustments by adding and subtracting these differences. ... This is often how payroll is handled.

Title:Accounting At Your Fingertips, 2e
Author:George Murray, CPA.
Publisher:Penguin - 2012-08-07


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