Bookkeeping For Dummies Paperback – Nov 28 2005
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"...a good refresher for any professional who feels rusty on the basics." (Accounting Technician, May 2007) --This text refers to an alternate Paperback edition.
From the Back Cover
The painless way to master the art of bookkeeping!
Manage your own finances to save money and grow your business!
If you're a small business owner who manages your own finances, Bookkeeping For Dummies is for you. This friendly guide covers all the basics of bookkeeping from recording transactions to producing balance sheets and year-end reports. It's the easy way to keep track of your business's financial well-being.
Discover how to
- Keep track of transactions
- Produce balance sheets
- Create financial statements
- Manage assets and liabilities
- Keep ledgers and journals
Inside This Book(Learn More)
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Most Helpful Customer Reviews on Amazon.com (beta)
The primary reason I bought this book was to understand double entry bookkeeping: debits, credits, ledgers, journals, etc.
Unfortunately, while the book addresses these topics, it does not explain them. For example, for debits & credits the best the author can do is print a table and basically ask the reader to memorize it. I don't want to memorize stuff. I want to understand the logic behind a system so that I can figure the details out on my own.
The author also spends a lot of time explaining the process of closing the books at the end of an accounting period. She makes it sound so onerous and complicated that any reasonable person would conclude that it is better to just hire an accountant. Maybe the author is an accountant trying to drum up business?
Another complaint I have with the book is that every example the author uses to illustrate bookkeeping involves a retail store. I bet most small businesses are not retail stores. The principles of accounting are basic, they apply to retail stores, service businesses, non-profits, governments, households. How about a variety of examples to show how the system works for these various types of entities?
Since you're reading this review, you obviously have, or have access to a computer. Your first thought is to go buy an accounting package. OK, that's a good idea. But those packages start throwing around funny words like 'General Ledger,' 'Accrual,' and 'Balance Sheet.'
This book starts earlier than that and starts you off with a paper based accounting system. After you know what you are doing, then it discusses three accounting packages: Simply Accounting Pro, Peachtree Accounting, and QuickBooks. Hint: A lot of banks seem to like QuickBooks and may sell it to their customers at a deep discount, or even give away at no charge.
A Request to the Author, or to anyone else reading this. There are a bunch of free accounting systems on the net. Are any of them any good? Maybe one (or more) of them could be included in the next edition of the book, or on the eTips website.
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