Bookkeeping Essentials How to Succeed as a Bookkeeper

by Bragg, Steven M.

• ISBN13: 9780470882559
• ISBN10: 0470882557
• Edition: 1st
• Format: Paperback
• Copyright: 2011-04-26
• Publisher: Wiley

Summary

The Vest Pocket Bookkeeper will include dozens of best practices that give bookkeepers insights into how to be more efficient and effective in their jobs. The book also reveals the key controls needed to reduce the risk of fraud. The book covers virtually all areas of importance that a bookkeeper must be aware of--topics to be covered are: Cash and accrual accounting Purchasing and payables Billing and collections Income taxes Cash receipts Petty cash Bank reconciliations The financial statements Closing the books Financial statement analysis Financial reports Record archiving Auditing

Author Biography

Steven M. Bragg, CPA, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst Young and an auditor at Deloitte. He is the author of over forty books primarily targeted toward controllers and their needs. Bragg received a master's degree in finance from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine.

Table of Contents

Preface	p. ix
The Basics of Bookkeeping	p. 1
Bookkeeping Basics	p. 3
Chart of Accounts	p. 15
General Ledger and Subledgers	p. 29
Daily Activities	p. 37
Payroll	p. 39
Purchasing and Payments	p. 79
Billing and Collections	p. 99
Cash Management	p. 121
Inventory	p. 135
Fixed Assets	p. 155
Debt Accounting	p. 169
Creating Financial Statements	p. 173
The Trial Balance	p. 175
Closing the Books	p. 185
Balance Sheet	p. 193
Income Statement	p. 205
Controls	p. 219
Budgeting	p. 221
Control Systems	p. 247
Other Topics	p. 265
Record Keeping	p. 267
Cost Reduction Opportunities	p. 277
Appendices	p. 297
Journal Entries	p. 299
Beginning Bookkeeper Checklist	p. 317
Glossary	p. 321
About the Author	p. 327
Index	p. 329
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