"Bookkeeping Basics" is not a textbook. It's a plain and simple explanation of how basic accounting works and what it is to "keep the books," so that you can do it for yourself, your company, or any other business.
Back in the day when bookkeeping was done with pen and ink in journal books and ledgers, bookkeeping was simple; but bookkeepers, even the best of them, had a common problem. The books would be "out of balance," sometimes by only pennies, and they could spend hours and hours of blood, sweat and tears searching for errors.
Accounting programs have solved that problem. There are no transpositions, no mistakes in addition or subtraction, no "out of balance," problems. But some programs need users to know some bookkeeping in order to use them. Other programs require little or no bookkeeping skill but confine users to the processes and the accounts provided by the program, while keeping them isolated far from the double entry functions going on in the background.
With "Basics" you need not be excluded from using a program, nor become captive to another. "Basics" will teach you how to write the entries that will make your accounting program work for you, using the functions every program provides.
"Basics's" new teaching method explains basic accounting, what it is and why it works and every bookkeeping function from setting up your books and choosing accounts through generating the financial statements. It explains the difference between Cash and Accrual Basis accounting systems and how to choose between them. How to manage cash, receivables and payables, payroll, inventory, depreciation and costing.
Written by a career bookkeeper, "Basics" makes bookkeeping easy to understand, simple and easy to do.
Bookkeeping Basics ISBN 1-889206-42-3 978-1-889206-42-4 $ 9.95
Purchase the Kindle Edition for immediate delivery. Or as a Nook Book at Barnes & Noble. Also available at Smashwords for the IPad and a variety of other formats.
(You can read Kindle eBook on your pc. Look for a link to the free app on page featuring the Kindle ebook on Amazon.com.)
Bookkeeping Basics chapters
The Introduction--WHAT'S HAPPENING? Accounting as a financial shorthand. Here's how it works.
Cash or Accrual?-The system you choose will largely determine the accounts you can use and whether or not you can save any money. Here's the difference.
Set Up the Books--From the beginning. No matter how large and complicated a bookkeeping system becomes, it starts this way. Most of the accounts you'll ever need and how to use them.
Cash--The green stuff: All about cash, the pitfalls and how to avoid them. Why the IRS might take a new interest in your accounting system.
Sales, etc.--After you've made the sale, then what? Receivables, bad debts, taxes and more. When your state might get really, really tacky!
Payroll--How to do payroll in-house and make tax reporting easy. Apply payroll costs to jobs without disturbing the payroll accounts.
Costing--Where conventional methods mask what information there is, weighted averaging helps break out costs. Here's how to do it!
Depreciate & Amortize--Write it off! Calculate by Straight Line, Declining Balance, Sum of the Digits and Unexpired Months. Here's how!
Inventory & C-o-S--Innovative estimations. Here's 3 or 4 ways to do it!
A graduate of the University of Missouri-Kansas City, JH White has had a life-time career in accounting. After many years as head of accounting for a million dollar corporation, she has retired and is now available as an online consultant to small business owners trying to determine if their companies are being embezzled. Confidentiality guaranteed. Contact email.