Book description
Bookkeeping and accounting basics for the rest of us
Unless you're one of those rare "numbers people," the thought of accounting and bookkeeping probably make your head spin. While these pragmatic and confusing practices may not be fun for the rest of us, mastering them is absolutely essential in order to run and maintain a successful business. Thankfully, Bookkeeping & Accounting All-in-One For Dummies, UK Edition, is here to take the intimidation out of crunching numbers and offers easy-to-follow, step-by-step instruction on keeping your business' finances in order with information specific to a business in the United Kingdom.
Written in plain English and packed with loads of helpful instruction, this approachable and all-encompassing guide arms you with everything you need to get up and running on all the latest accounting practices and bookkeeping software. Inside, you'll find out how to prepare financial statements, balance your books, keep the tax inspector off your back, and so much more.
Gives you access to supplemental online samples of bookkeeping forms, accounting templates, and spreadsheets
Includes many practical bookkeeping and accounting exercises and templates
Simplifies every aspect of accounting and record-keeping
Shows you how to run your business "by the books"
If you're a small business owner or employee who is confused and intimidated by managing your accounts and books, this comprehensive guide empowers you to take charge of those pesky figures to keep your business afloat.
Table of contents
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- Cover
- Introduction
-
Book I: Basic Bookkeeping
- Chapter 1: So You Want to Do the Books
- Chapter 2: Getting Down to Bookkeeping Basics
- Chapter 3: Outlining Your Financial Roadmap with a Chart of Accounts
-
Chapter 4: Looking at Ledgers
- Developing Entries for the Ledger
- Posting Sales Invoices
- Posting Purchase Invoices
- Entering Items into the Nominal Ledger
- Cashbook Transactions
- Introducing Control Accounts
- Understanding How the Ledgers Impact the Accounts
- Adjusting for Nominal Ledger Errors
- Have a Go
- Answering the Have a Go Questions
- Book II: Bookkeeping Day to Day
- Book III: Undertaking Monthly and Quarterly Tasks
-
Book IV: Working to Prepare Financial Statements
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Chapter 1: Producing a Profit and Loss Statement
- Lining Up the Profit and Loss Statement
- Formatting the Profit and Loss Statement
- Preparing the Profit and Loss Statement
- Deciphering Gross Profit
- Monitoring Expenses
- Using the Profit and Loss Statement to Make Business Decisions
- Testing Profits
- Branching Out with Profit and Loss Statement Data
- Have a Go
- Answering the Have a Go Questions
- Chapter 2: Developing a Balance Sheet
-
Chapter 3: Cash Flows and the Cash Flow Statement
- The Three Types of Cash Flow
- Setting the Stage: Changes in Balance Sheet Accounts
- Getting at the Cash Increase from Profit
- Presenting the Cash Flow Statement
- Sailing through the Rest of the Cash Flow Statement
- Free Cash Flow: What on Earth Does That Mean?
- Scrutinising the Cash Flow Statement
- Have a Go
- Answering the Have a Go Questions
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Chapter 1: Producing a Profit and Loss Statement
-
Book V: Accountants: Managing the Business
- Chapter 1: Discovering Different Business Types
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Chapter 2: Choosing Accounting Methods
- Decision‐Making Behind the Scenes in Profit and Loss Statements
- Calculating Cost of Goods Sold and Cost of Stock
- Identifying Stock Losses: Net Realisable Value (NRV)
- Managing Your Stock Position
- Appreciating Depreciation Methods
- Collecting or Writing Off Bad Debts
- Reconciling Corporation Tax
- Dealing with Foreign Exchange
- Two Final Issues to Consider
- Have a Go
- Answering the Have a Go Questions
- Chapter 3: Managing Profit Performance
- Chapter 4: Cost Conundrums
- Chapter 5: Business Budgeting
- Book VI: Accountants: Working with the Outside World
- About the Authors
- Cheat Sheet
- Advertisement Page
- Connect with Dummies
- End User License Agreement
Product information
- Title: Bookkeeping and Accounting All-in-One For Dummies, UK Edition
- Author(s):
- Release date: May 2015
- Publisher(s): For Dummies
- ISBN: 9781119026532
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