Bookkeeping – Accounting for Small Business

Description

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