April 2026
Beginner
752 pages
20h 38m
English
Content preview from Starting a Business All-in-One For Dummies, 4th Edition
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Chapter 1
Setting Up the Books
IN THIS CHAPTER
Navigating the accounting cycle and basic terminology
Choosing between cash-basis and accrual accounting
Deciphering double-entry bookkeeping, debits, and credits
Introducing the Chart of Accounts
Reviewing the types of accounts that make up the chart
Creating your own Chart of Accounts
All businesses need to keep track of their financial transactions — that’s why bookkeeping and bookkeepers are so important. Without accurate records, how can you tell whether your business is making a profit or taking a loss?
The first part of this chapter covers the key parts of bookkeeping by introducing you to the language of bookkeeping, familiarizing you with how bookkeepers manage the accounting cycle, and showing you how to understand the most difficult type of bookkeeping — double-entry bookkeeping.
Can you imagine the mess your checkbook would ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.