Accounting Savvy for Business Owners: A Guide to the Bare Essentials

Accounting Savvy for Business Owners: A Guide to the Bare Essentials

Author: Philip B. Goodman, CPA
Price: 34.95
Perfectbound
ISBN: 978-1932925180
272 pages


Click here for an excerpt from Setting Up & Running QuickBooks 2014: The Accountant's Guide for Business Owners

Simple solutions for common questions about the popular accounting software. Combining detailed QuickBooks instructions with expert accounting advice, this manual is the key to smoothly navigating the QuickBooks program. More than just another how-to guide, it demonstrates not only the mechanics of QuickBooks features, but also the accounting principles behind them. In addition to providing step-by-step instructions and bookkeeping guidance, this book offers countless QuickBooks tips, tricks, and workarounds. Perfect for small businesses, home businesses, and startups with limited funds, this comprehensive yet accessible guide allows users to avoid inflated accountants’ fees by correctly utilizing the functions and features of QuickBooks.

 

Brief Table of Contents for Setting Up & Running QuickBooks 2014 

Chapter 1: Accounting Basics

The Ledger
Accounting Categories
Cash-Basis Vs. Accrual-Basis Accounting
Fiscal Vs. Calendar Year
 

Chapter 2: QuickBooks Basics

What’s Under the Hood?
Mastering the QuickBooks Interface
Getting Around in QuickBooks
Understanding QuickBooks Centers
Setting QuickBooks Preferences
Using QuickBooks Productivity Features
Customizing Transaction Forms
 

Chapter 3: Setting Up QuickBooks

Chart of Accounts
Setting Up Basic Lists
Sales Tax Setup
Setting Up Customers
Adding Vendor Records
Merging Records

Chapter 4: Tracking Income

Creating Items Used on Sales Forms
Creating Cash Sales
Understanding Accounts Receivable
Invoicing Customers
Receiving Customer Payments
Customer Refunds
Applying Customer Discounts
Generating Customer Statements
Posting Miscellaneous Income
Running Income Tracking Reports
 

Chapter 5: Tracking Expenses in QuickBooks

Accrual Vs. Cash Expense Tracking
Entering Bills
Memorizing Bills
Entering Vendor Credits
Managing Vendor Refunds
Paying Bills
Using Direct Disbursements
Petty Cash Expenses
Tracking Debit Cards
Running Vendor and Expenses Reports

Chapter 6: Managing Inventory

Tracking Inventory Items
Inventory Accounting Tasks
Tracking the Quantity and Value of Inventory Items
Manufacturing Assembled Products
Adjusting Inventory
Managing Returned Damaged Inventory Items
Work In Process
Running Inventory Reports

Chapter 7: Managing Bank Accounts

Creating Bank Accounts
Transferring Funds between Accounts
Handling Bounced Checks
Voiding Disbursements
Reconciling Bank Accounts
Online Banking

Chapter 8: Tracking Assets

Tracking Cash
Tracking Accounts Receivable
Tracking Loans Owed To You
Vendor Deposits and Prepaid Expenses
Inventory Asset
Fixed Assets
Intangible Assets

Chapter 9: Tracking Liabilities

Accounts Payable
Customer Upfront Deposits
Client Retainers
Tracking Escrow
Sales Tax
Loans to Your Company
Line of Credit

Chapter 10: Managing Payroll

Activating Payroll in QuickBooks
Setting Up Payroll in QuickBooks
Configuring QuickBooks Payroll
Setting Payroll Preferences
Running QuickBooks Payroll
Understanding Payroll Accounting
Working with Independent Contractors

Chapter 11: Understanding & Customizing Important Reports

Balance Sheet
Profit & Loss Report
Net Profit or Loss
Accounts Receivable Report
Accounts Payable Report
Inventory Reports
Setting Report Preferences
Customizing Reports
Memorizing Reports
Importing a Report Template

Chapter 12: Year End Tasks

Opening Balance Corrections
Opening Balance Equity Account
Basic Year-End Tasks
Depreciation and Amortization
Adjustments for Cash-Basis Tax Reports
Allocating Overhead Expenses to Divisions
Allocating Equity
Tax Forms and Tax Returns
Closing the Books

Chapter 13: QuickBooks Maintenance

Backing Up with QuickBooks
Cleaning Up Data File Corruption
Managing Users and Passwords
Updating QuickBooks
Importing and Exporting
Enabling Customer Credit Card Protection

Chapter 14: Managing Equity

Understanding Equity Accounts
Proprietorships
Partnerships
LLCs and LLPs
Multi-member LLCs and LLPs
Corporations
C Corporations
S Corporations