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Alpha Teach Yourself Bookkeeping in 24 Hours by Carol Costa

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Hour 2

Organization and Bank Accounts

Chapter Summary

In this hour you will learn about…

  • Calendar or fiscal year
  • Organizing a bookkeeping system
  • Personal Banking
  • Business Bank Accounts
  • Trust Accounts

Contractors don’t start building a house until the blueprints have been drawn up for it. The same should be true for a bookkeeping system. Before any transactions are completed or recorded, a preliminary plan should be worked out and some sort of a filing system organized.

 

Fortunately, building a record-keeping system doesn’t involve pouring cement that would have to be broken up with a jackhammer if the plan is not structured properly. You can always make changes in a bookkeeping system if it does not suit your personal needs or the needs of the business ...

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