{"product_id":"bookkeeping-for-dummies-australia-isbn-9780730384731","title":"Bookkeeping For Dummies - Australia","description":"\u003cp\u003e\u003cb\u003eTake the stress out of bookkeeping with this bestselling guide - written specifically for the Australian audience!\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWarren Buffet has called accounting \"the language of business\" – the less well you speak it, the less likely you are to succeed. But there's no need to be intimidated: \u003ci\u003eBookkeeping for Dummies\u003c\/i\u003e, 3rd Australian Edition is here to help make – and keep – you fluent. Whether you're a small business owner who's beginning to grapple with concepts and terminology, or a bookkeeping professional who wants to stay on track with the latest software or regulations, this bestseller will help you keep your business on the right side of the ledger.\u003c\/p\u003e \u003cp\u003eWritten in friendly, easy-to-follow style by leading financial tech author and instructor Veechi Curtis, this comprehensively updated guide has you covered: from the basics—understanding the lingo and recording income vs. expenses—all the way to Cloud accounting and conforming to the latest BAS legal requirements.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eMaster the essentials, from recording transactions to processing payroll\u003c\/li\u003e \u003cli\u003eChoose and use the right software for your needs\u003c\/li\u003e \u003cli\u003eAllocate difficult-to-code transactions more easily\u003c\/li\u003e \u003cli\u003ePass certified courses with flying colours\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhatever your needs, this \u003ci\u003eBookkeeping For Dummies\u003c\/i\u003e, 3rd Australian Edition will keep you out of the red and ensure all your numbers add up flawlessly – every time.\u003c\/p\u003e \u003cp\u003eForeword xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIntroduction \u003c\/b\u003e\u003cb\u003e1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAbout This Book 2\u003c\/p\u003e \u003cp\u003eFoolish Assumptions 2\u003c\/p\u003e \u003cp\u003eIcons Used in This Book 2\u003c\/p\u003e \u003cp\u003eWhere to Go from Here 3\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1: First Steps \u003c\/b\u003e\u003cb\u003e5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Introducing the Bookkeeping Game\u003c\/b\u003e 7\u003c\/p\u003e \u003cp\u003eUnderstanding the Bookkeeping Life Cycle 8\u003c\/p\u003e \u003cp\u003eFiguring How Often to Do the Deed 9\u003c\/p\u003e \u003cp\u003eWorking with a shoebox 9\u003c\/p\u003e \u003cp\u003eDoing the books as you go 11\u003c\/p\u003e \u003cp\u003eStaying on the Right Side of the Law 13\u003c\/p\u003e \u003cp\u003eRegistering as a business 13\u003c\/p\u003e \u003cp\u003eGetting to grips with GST 14\u003c\/p\u003e \u003cp\u003eManaging payroll 14\u003c\/p\u003e \u003cp\u003eDeveloping an Attitude 14\u003c\/p\u003e \u003cp\u003eConvince yourself this stuff matters 15\u003c\/p\u003e \u003cp\u003eQuit counting sheep 15\u003c\/p\u003e \u003cp\u003eDo your job well 16\u003c\/p\u003e \u003cp\u003eGetting Skilled Up 16\u003c\/p\u003e \u003cp\u003eKeeping your qualifications up to date 17\u003c\/p\u003e \u003cp\u003eJoining an association 17\u003c\/p\u003e \u003cp\u003eSigning up to a course 17\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Creating a Framework\u003c\/b\u003e\u003cb\u003e 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePutting Everything in Its Place 20\u003c\/p\u003e \u003cp\u003eClassifying Accounts 21\u003c\/p\u003e \u003cp\u003eBuilding Your Profit \u0026amp; Loss Accounts 22\u003c\/p\u003e \u003cp\u003eAnalysing income streams 22\u003c\/p\u003e \u003cp\u003eSeparating cost of sales accounts 22\u003c\/p\u003e \u003cp\u003eCataloguing expenses 24\u003c\/p\u003e \u003cp\u003eDealing with personal expenses 26\u003c\/p\u003e \u003cp\u003eSeeing Where the Money’s Made 27\u003c\/p\u003e \u003cp\u003eItemising Balance Sheet Accounts 28\u003c\/p\u003e \u003cp\u003eAdding up the assets (ah, joy of joys) 29\u003c\/p\u003e \u003cp\u003eListing liabilities (oh, woe is me) 31\u003c\/p\u003e \u003cp\u003eAccounting for equity 32\u003c\/p\u003e \u003cp\u003eBuilding a Final Chart of Accounts 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Going for the Big Equation\u003c\/b\u003e\u003cb\u003e 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMatchmaking with Debits and Credits 38\u003c\/p\u003e \u003cp\u003eStudying a little give and take 38\u003c\/p\u003e \u003cp\u003eFollowing a modern fable 40\u003c\/p\u003e \u003cp\u003ePutting Theory into Practice 41\u003c\/p\u003e \u003cp\u003eMoving funds in bank accounts 43\u003c\/p\u003e \u003cp\u003eTaking a peek at sales 44\u003c\/p\u003e \u003cp\u003eChecking out expenses 45\u003c\/p\u003e \u003cp\u003eViewing stock movements 45\u003c\/p\u003e \u003cp\u003eThrowing GST into the mix 46\u003c\/p\u003e \u003cp\u003ePlaying the Double-Entry Game with Accounting Software 47\u003c\/p\u003e \u003cp\u003eDrilling down to the debits and credits 48\u003c\/p\u003e \u003cp\u003eRecording general journals 48\u003c\/p\u003e \u003cp\u003eChoosing between Cash and Accrual 49\u003c\/p\u003e \u003cp\u003eKeeping things simple with cash 49\u003c\/p\u003e \u003cp\u003eGetting more info with accrual 50\u003c\/p\u003e \u003cp\u003eLaying down the deal in debits and credits 51\u003c\/p\u003e \u003cp\u003eEnjoying a half-half measure 52\u003c\/p\u003e \u003cp\u003eUsing one method for your books, and another for income tax 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2: Forming a Plan\u003c\/b\u003e\u003cb\u003e 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Playing a Bookkeeper’s Rhythm\u003c\/b\u003e\u003cb\u003e 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReporting for GST 58\u003c\/p\u003e \u003cp\u003eIdentifying deadlines 58\u003c\/p\u003e \u003cp\u003eManaging cashflow 58\u003c\/p\u003e \u003cp\u003eStaying on Top of Payroll 60\u003c\/p\u003e \u003cp\u003eGenerating Reports 61\u003c\/p\u003e \u003cp\u003eDevising a Record-keeping System 63\u003c\/p\u003e \u003cp\u003eFiling that needle in the haystack 63\u003c\/p\u003e \u003cp\u003eDeciding what to keep and how long for 65\u003c\/p\u003e \u003cp\u003eDeveloping a Bookkeeping Calendar 66\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Working with Accounting Software\u003c\/b\u003e\u003cb\u003e 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGetting into Gear 70\u003c\/p\u003e \u003cp\u003eLaying essential foundations 70\u003c\/p\u003e \u003cp\u003eUnderstanding basic terms 70\u003c\/p\u003e \u003cp\u003eWorking in the cloud 72\u003c\/p\u003e \u003cp\u003eProtecting your private parts 73\u003c\/p\u003e \u003cp\u003eMatching Software to the Job in Hand 74\u003c\/p\u003e \u003cp\u003eStarting up a new business 74\u003c\/p\u003e \u003cp\u003eGetting ready to grow 75\u003c\/p\u003e \u003cp\u003eMaking stuff and buying stuff 75\u003c\/p\u003e \u003cp\u003eCatering for bigger business or non-profits 76\u003c\/p\u003e \u003cp\u003eSetting Up Accounting Software 76\u003c\/p\u003e \u003cp\u003ePreparing for battle 76\u003c\/p\u003e \u003cp\u003eTaking your first steps 78\u003c\/p\u003e \u003cp\u003eMopping up when the dust has settled 79\u003c\/p\u003e \u003cp\u003eProtecting Your Accounting Data 80\u003c\/p\u003e \u003cp\u003eGetting your data off the cloud 80\u003c\/p\u003e \u003cp\u003eStoring data safely 81\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Understanding GST\u003c\/b\u003e\u003cb\u003e 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCoughing Up the Difference 84\u003c\/p\u003e \u003cp\u003eSigning Up (Do You Have a Choice?) 84\u003c\/p\u003e \u003cp\u003eSubmitting to the inevitable 85\u003c\/p\u003e \u003cp\u003eChoosing not to register 85\u003c\/p\u003e \u003cp\u003ePicking a reporting method to suit 86\u003c\/p\u003e \u003cp\u003eReporting for duty 87\u003c\/p\u003e \u003cp\u003eCalculating GST 87\u003c\/p\u003e \u003cp\u003eFiguring What’s Taxed and What’s Not 88\u003c\/p\u003e \u003cp\u003eMove it, groove it, tax it 88\u003c\/p\u003e \u003cp\u003eTransactions with no GST 89\u003c\/p\u003e \u003cp\u003eUnderstanding Tax Codes 90\u003c\/p\u003e \u003cp\u003eCreating a list of tax codes 90\u003c\/p\u003e \u003cp\u003eLinking accounts to tax codes 92\u003c\/p\u003e \u003cp\u003eStaying Out of Trouble 93\u003c\/p\u003e \u003cp\u003eAvoiding traps for the unwary 94\u003c\/p\u003e \u003cp\u003eKeeping personal matters separate 94\u003c\/p\u003e \u003cp\u003eDancing the Paperwork Polka 95\u003c\/p\u003e \u003cp\u003eBrewing up a Tax Invoice 96\u003c\/p\u003e \u003cp\u003eChecking supplier bills 96\u003c\/p\u003e \u003cp\u003eVerifying that ABNs are correct 97\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3: Recording Day-To-Day Transactions\u003c\/b\u003e\u003cb\u003e 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Recording Expenses and Supplier Payments\u003c\/b\u003e\u003cb\u003e 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCreating Order Out of Chaos 102\u003c\/p\u003e \u003cp\u003eGetting your hands on the right info 102\u003c\/p\u003e \u003cp\u003eFiling stuff so you can find it again 103\u003c\/p\u003e \u003cp\u003eWorking with a Micro Business 104\u003c\/p\u003e \u003cp\u003eAutomating data entry with bank feeds 105\u003c\/p\u003e \u003cp\u003eEntering transactions one by one 107\u003c\/p\u003e \u003cp\u003eListing expenses on a spreadsheet 109\u003c\/p\u003e \u003cp\u003eRecording Expenses for a Small Business 111\u003c\/p\u003e \u003cp\u003eDeciding whether to use accrual accounting 112\u003c\/p\u003e \u003cp\u003eRefining the process 113\u003c\/p\u003e \u003cp\u003eKeeping tabs on who you owe 114\u003c\/p\u003e \u003cp\u003eDealing with EFTPOS and credit card transactions 115\u003c\/p\u003e \u003cp\u003eBookkeeping for a Larger Business 115\u003c\/p\u003e \u003cp\u003eManaging supplier orders and invoices 116\u003c\/p\u003e \u003cp\u003eMaking supplier payments 118\u003c\/p\u003e \u003cp\u003eDealing with EFTPOS and credit card transactions 118\u003c\/p\u003e \u003cp\u003eAllocating Transactions 119\u003c\/p\u003e \u003cp\u003eSelecting allocation accounts 119\u003c\/p\u003e \u003cp\u003eGetting things right: five top tips 121\u003c\/p\u003e \u003cp\u003eNitpicking over Petty Cash and Out-of-Pocket Expenses 123\u003c\/p\u003e \u003cp\u003eStoring cash under lock and key 123\u003c\/p\u003e \u003cp\u003eRobbing Peter to pay Paul 125\u003c\/p\u003e \u003cp\u003eKeeping tabs of expenses on the run 128\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Recording Receipts and Sales \u003c\/b\u003e\u003cb\u003e129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKeeping Track of Sales and Payments 130\u003c\/p\u003e \u003cp\u003eRecording customer sales 130\u003c\/p\u003e \u003cp\u003eEntering customer payments 132\u003c\/p\u003e \u003cp\u003eWorking on a Cash Basis 133\u003c\/p\u003e \u003cp\u003eRecording cash receipts using accounting software 134\u003c\/p\u003e \u003cp\u003eListing income on a spreadsheet 135\u003c\/p\u003e \u003cp\u003eCombining income and expenses on the same spreadsheet 137\u003c\/p\u003e \u003cp\u003eBookkeeping for Other Kinds of Income 138\u003c\/p\u003e \u003cp\u003eRecording miscellaneous receipts 138\u003c\/p\u003e \u003cp\u003eDazzling everyone with your brilliance 139\u003c\/p\u003e \u003cp\u003eBringing Home the Bacon 140\u003c\/p\u003e \u003cp\u003eDealing with Tricky Situations 142\u003c\/p\u003e \u003cp\u003eDishing out discounts 142\u003c\/p\u003e \u003cp\u003eDealing with prepayments 142\u003c\/p\u003e \u003cp\u003eGiving credits or refunds 143\u003c\/p\u003e \u003cp\u003eWriting off bad debts 144\u003c\/p\u003e \u003cp\u003eMaking Sure Cash Doesn’t Go Astray 145\u003c\/p\u003e \u003cp\u003eSeparating powers between bookkeepers and the cash 145\u003c\/p\u003e \u003cp\u003ePutting in good controls 146\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Paying Employees\u003c\/b\u003e\u003cb\u003e 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStaying Squeaky Clean 150\u003c\/p\u003e \u003cp\u003eHiring a New Employee 151\u003c\/p\u003e \u003cp\u003eStep One: Complete a tax file declaration 152\u003c\/p\u003e \u003cp\u003eStep Two: Supply a Fair Work Statement 152\u003c\/p\u003e \u003cp\u003eStep Three: Cover against mishaps 153\u003c\/p\u003e \u003cp\u003eStep Four: Subscribe to super 153\u003c\/p\u003e \u003cp\u003eStep Five: Ensure your software is up to speed 154\u003c\/p\u003e \u003cp\u003eChecking Minimum Pay and Conditions 155\u003c\/p\u003e \u003cp\u003eGetting to Pay Day 156\u003c\/p\u003e \u003cp\u003ePaying folks their dues 156\u003c\/p\u003e \u003cp\u003eChecking timesheets are accurate 158\u003c\/p\u003e \u003cp\u003eTaxing pay (no mercy shown) 159\u003c\/p\u003e \u003cp\u003eDealing with deductions 160\u003c\/p\u003e \u003cp\u003eCalculating superannuation 161\u003c\/p\u003e \u003cp\u003eSubmitting to Single Touch Payroll 162\u003c\/p\u003e \u003cp\u003eTaking Leave 163\u003c\/p\u003e \u003cp\u003eCalculating leave on a percentage basis 164\u003c\/p\u003e \u003cp\u003eCalculating hours per pay period 165\u003c\/p\u003e \u003cp\u003eMaintaining Proper Records 166\u003c\/p\u003e \u003cp\u003eKeeping tabs on employee details 166\u003c\/p\u003e \u003cp\u003eRecording pays correctly 166\u003c\/p\u003e \u003cp\u003eIssuing legit pay slips 167\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Reconciling Accounts\u003c\/b\u003e\u003cb\u003e 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGetting Started 170\u003c\/p\u003e \u003cp\u003eDeciding what bank accounts to reconcile 170\u003c\/p\u003e \u003cp\u003eCalculating your true bank balance 170\u003c\/p\u003e \u003cp\u003eRecording your opening bank balance using accounting software 172\u003c\/p\u003e \u003cp\u003eDoing Your First Reconciliation 173\u003c\/p\u003e \u003cp\u003eReconciling accounts when you’re not using bank feeds 173\u003c\/p\u003e \u003cp\u003eReconciling accounts when you have bank feeds 175\u003c\/p\u003e \u003cp\u003eReconciling accounts with spreadsheets 176\u003c\/p\u003e \u003cp\u003eKeeping Proof that You’ve Done the Deed 177\u003c\/p\u003e \u003cp\u003eTroubleshooting Tricks 178\u003c\/p\u003e \u003cp\u003eBalancing Other Kinds of Accounts 180\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 4: Pulling It All Together\u003c\/b\u003e\u003cb\u003e 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Reporting for Payroll\u003c\/b\u003e\u003cb\u003e 185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePaying Tax and Super 186\u003c\/p\u003e \u003cp\u003eReporting and paying PAYG tax 186\u003c\/p\u003e \u003cp\u003ePaying superannuation 186\u003c\/p\u003e \u003cp\u003eReporting for other payroll liabilities 188\u003c\/p\u003e \u003cp\u003eEnsuring You Pay the Right Amounts 188\u003c\/p\u003e \u003cp\u003eUnderstanding what goes on behind the scenes 188\u003c\/p\u003e \u003cp\u003eBalancing your payroll accounts 189\u003c\/p\u003e \u003cp\u003eTroubleshooting when things don’t balance 190\u003c\/p\u003e \u003cp\u003eCalculating Other Payroll Expenses 193\u003c\/p\u003e \u003cp\u003eSplitting hairs with fringe benefits 193\u003c\/p\u003e \u003cp\u003eHitting the payroll tax threshold 194\u003c\/p\u003e \u003cp\u003eReporting for workers comp 195\u003c\/p\u003e \u003cp\u003eFinalising Pays at Year’s End 196\u003c\/p\u003e \u003cp\u003eMaking sure things are tickety-boo 196\u003c\/p\u003e \u003cp\u003eSubmitting your finalisation declaration 197\u003c\/p\u003e \u003cp\u003eGenerating payment summaries 199\u003c\/p\u003e \u003cp\u003eReporting for Taxable Payments (TPAR) 200\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Managing Inventory and Other Assets\u003c\/b\u003e\u003cb\u003e 201\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBuying In, Stocking Up and Selling Out 202\u003c\/p\u003e \u003cp\u003eBuying inventory to fill the shelves 202\u003c\/p\u003e \u003cp\u003eSelling inventory to make a buck 203\u003c\/p\u003e \u003cp\u003eMeasuring the profits 204\u003c\/p\u003e \u003cp\u003eCalculating the value of inventory 204\u003c\/p\u003e \u003cp\u003eOrganising Stocktakes 205\u003c\/p\u003e \u003cp\u003eBalancing Your Inventory Account 207\u003c\/p\u003e \u003cp\u003eAccounting for Assets 208\u003c\/p\u003e \u003cp\u003eFiguring out if something is an asset or an expense 208\u003c\/p\u003e \u003cp\u003eRecording new asset purchases 209\u003c\/p\u003e \u003cp\u003eRecording the sale of assets 210\u003c\/p\u003e \u003cp\u003eDealing with personal assets 212\u003c\/p\u003e \u003cp\u003eDepreciating Assets, One by One 213\u003c\/p\u003e \u003cp\u003eCalculating depreciation 213\u003c\/p\u003e \u003cp\u003eDepreciating using asset pools 215\u003c\/p\u003e \u003cp\u003eRecording depreciation 216\u003c\/p\u003e \u003cp\u003eAllowing for depreciation throughout the year 216\u003c\/p\u003e \u003cp\u003eChecking your schedule 218\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Mastering Tricky Situations\u003c\/b\u003e\u003cb\u003e 221\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRecording Journal Entries 222\u003c\/p\u003e \u003cp\u003ePlunging Into Debt 222\u003c\/p\u003e \u003cp\u003eGoing into the red 222\u003c\/p\u003e \u003cp\u003eAiming towards the black 224\u003c\/p\u003e \u003cp\u003eRecording loan interest and fees 224\u003c\/p\u003e \u003cp\u003eWorking with Hire Purchase, Leases and Chattel Mortgages 225\u003c\/p\u003e \u003cp\u003eTaking on a new hire purchase debt 225\u003c\/p\u003e \u003cp\u003eRecording hire purchase payments 227\u003c\/p\u003e \u003cp\u003eLiving it up with a new lease of life 228\u003c\/p\u003e \u003cp\u003eSigning up with a chattel mortgage 229\u003c\/p\u003e \u003cp\u003eAdjusting the Bottom Line 229\u003c\/p\u003e \u003cp\u003eReallocating prepaid expenses 230\u003c\/p\u003e \u003cp\u003eAccruing future expenses 230\u003c\/p\u003e \u003cp\u003eFiguring out leave provisions 233\u003c\/p\u003e \u003cp\u003eSeparating private expenses from business ones 235\u003c\/p\u003e \u003cp\u003eBringing Income into Line 237\u003c\/p\u003e \u003cp\u003eShifting income received in advance 237\u003c\/p\u003e \u003cp\u003eGrossing up dividends 238\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Checking Your Work\u003c\/b\u003e\u003cb\u003e 241\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStarting with the Bank Accounts 241\u003c\/p\u003e \u003cp\u003eStep 1: Checking that everything reconciles 242\u003c\/p\u003e \u003cp\u003eStep 2: Hunting for stale transactions 242\u003c\/p\u003e \u003cp\u003eStep 3: Drilling down on dates 243\u003c\/p\u003e \u003cp\u003eSpring Cleaning Your Debts 244\u003c\/p\u003e \u003cp\u003eStep 4: Getting debtors spick and span 245\u003c\/p\u003e \u003cp\u003eStep 5: Sweeping through the creditors 245\u003c\/p\u003e \u003cp\u003ePutting GST under the Griller 247\u003c\/p\u003e \u003cp\u003eStep 6: Hunting for coding mistakes 247\u003c\/p\u003e \u003cp\u003eStep 7: Balancing GST liability accounts 249\u003c\/p\u003e \u003cp\u003eUnderstanding Control Accounts 252\u003c\/p\u003e \u003cp\u003eStep 8: Balancing debtors and creditors 252\u003c\/p\u003e \u003cp\u003eStep 9: Giving inventory the once over 255\u003c\/p\u003e \u003cp\u003eStep 10: Priming the payroll 256\u003c\/p\u003e \u003cp\u003eDoing a Mini-Audit 257\u003c\/p\u003e \u003cp\u003eStep 11: Scanning transaction reports 257\u003c\/p\u003e \u003cp\u003eStep 12: Analysing summary results 258\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Understanding Financial Reports\u003c\/b\u003e\u003cb\u003e 259\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTelling the Story with Profit \u0026amp; Loss 260\u003c\/p\u003e \u003cp\u003ePutting income under the microscope 260\u003c\/p\u003e \u003cp\u003eWeighing up gross profit 261\u003c\/p\u003e \u003cp\u003eWatching expenses, dollar for dollar 263\u003c\/p\u003e \u003cp\u003ePainting a Picture with the Balance Sheet 264\u003c\/p\u003e \u003cp\u003eSketching assets, black as ink 265\u003c\/p\u003e \u003cp\u003eDrawing liabilities, red as blood 266\u003c\/p\u003e \u003cp\u003eSculpting equity, cast in gold 266\u003c\/p\u003e \u003cp\u003eUnderstanding the Relationship between Profit and Cash 267\u003c\/p\u003e \u003cp\u003eWhy there’s profit but no cash 268\u003c\/p\u003e \u003cp\u003eWhy there’s cash but no profit 269\u003c\/p\u003e \u003cp\u003eReporting where cash came from, and where it went 269\u003c\/p\u003e \u003cp\u003ePutting Results under the Microscope 271\u003c\/p\u003e \u003cp\u003eComparing this year against last year 271\u003c\/p\u003e \u003cp\u003eCalculating ratios 272\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Starting a New Financial Year\u003c\/b\u003e\u003cb\u003e 277\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinalising the Old Year 278\u003c\/p\u003e \u003cp\u003eOut with the old year  in with the new 278\u003c\/p\u003e \u003cp\u003eGenerating end-of-year reports 279\u003c\/p\u003e \u003cp\u003eProtecting against accidents 280\u003c\/p\u003e \u003cp\u003eSending Data to Your Accountant 281\u003c\/p\u003e \u003cp\u003eMatching the Accountant’s Figures Against Your Own 283\u003c\/p\u003e \u003cp\u003eRecording year-end journals 283\u003c\/p\u003e \u003cp\u003eDealing with adjustments that only make things worse 284\u003c\/p\u003e \u003cp\u003eGetting creative when the accountant gives you nothing 284\u003c\/p\u003e \u003cp\u003eBridging the Communication Gap 286\u003c\/p\u003e \u003cp\u003eStarting a New Year 287\u003c\/p\u003e \u003cp\u003eUnderstanding what happens when you start a new year 287\u003c\/p\u003e \u003cp\u003eArchiving data — just one more time 289\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 5: Running Your Own Bookkeeping Business\u003c\/b\u003e\u003cb\u003e 291\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Starting Up On Your Own\u003c\/b\u003e\u003cb\u003e 293\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDeciding Whether You’re Ready 293\u003c\/p\u003e \u003cp\u003eFive good things about starting your own bookkeeping business 294\u003c\/p\u003e \u003cp\u003eFive not-so-good things about starting your own bookkeeping business 294\u003c\/p\u003e \u003cp\u003eThinking through the Practicalities 296\u003c\/p\u003e \u003cp\u003eGetting qualifications in order 296\u003c\/p\u003e \u003cp\u003eUpdating your skills (and choosing software) 296\u003c\/p\u003e \u003cp\u003eLaunching Your New Business 297\u003c\/p\u003e \u003cp\u003eCreating a plan — no excuses 297\u003c\/p\u003e \u003cp\u003eDeciding what to charge 298\u003c\/p\u003e \u003cp\u003eCalculating billable hours 299\u003c\/p\u003e \u003cp\u003eThinking about your rate of return 301\u003c\/p\u003e \u003cp\u003eLooking for clients 301\u003c\/p\u003e \u003cp\u003eBuilding a Successful Business 303\u003c\/p\u003e \u003cp\u003eIdentify what makes you different 303\u003c\/p\u003e \u003cp\u003eJoin a professional association 304\u003c\/p\u003e \u003cp\u003eSet goals, and reach them too 304\u003c\/p\u003e \u003cp\u003eLook to the future 305\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Staying on the Right Side of the Law\u003c\/b\u003e\u003cb\u003e 307\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBecoming a BAS Agent 308\u003c\/p\u003e \u003cp\u003eFiguring out whether you have to register 308\u003c\/p\u003e \u003cp\u003eChecking out what skills and qualifications you need 309\u003c\/p\u003e \u003cp\u003eCovering yourself with insurance 310\u003c\/p\u003e \u003cp\u003eActing Honestly and Independently 311\u003c\/p\u003e \u003cp\u003eStaying squeaky clean 311\u003c\/p\u003e \u003cp\u003eAvoiding conflicts of interest 313\u003c\/p\u003e \u003cp\u003eKeeping stuff confidential 314\u003c\/p\u003e \u003cp\u003eMaking Sure Information Is Correct 315\u003c\/p\u003e \u003cp\u003eProviding competent services 316\u003c\/p\u003e \u003cp\u003eSupervising others’ work 316\u003c\/p\u003e \u003cp\u003eTaking reasonable care 317\u003c\/p\u003e \u003cp\u003eEnsuring tax laws are applied correctly 319\u003c\/p\u003e \u003cp\u003eUnderstanding the limits of your advice 319\u003c\/p\u003e \u003cp\u003eSetting Up Systems 319\u003c\/p\u003e \u003cp\u003eWriting an engagement letter 319\u003c\/p\u003e \u003cp\u003eProtecting client data 321\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 6: The Part of Tens\u003c\/b\u003e\u003cb\u003e 323\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Ten Tips for Not-for-Profit Organisations\u003c\/b\u003e\u003cb\u003e 325\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKnow and Love Your Cost Centres 326\u003c\/p\u003e \u003cp\u003eBecome the Budget Queen 327\u003c\/p\u003e \u003cp\u003eGet the Terminology Right 327\u003c\/p\u003e \u003cp\u003eReport to the Board 328\u003c\/p\u003e \u003cp\u003eGet Help with Payroll 329\u003c\/p\u003e \u003cp\u003eDo Killer Grant Reporting 329\u003c\/p\u003e \u003cp\u003eBe Accountable at All Times 329\u003c\/p\u003e \u003cp\u003eMake Sure You Can Survive an Audit 330\u003c\/p\u003e \u003cp\u003eTrack Membership Dues with Care 331\u003c\/p\u003e \u003cp\u003eKnow When to use Trust Accounts 331\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Ten Tricks for Collecting Money\u003c\/b\u003e\u003cb\u003e 333\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDraw Up a Credit Policy 334\u003c\/p\u003e \u003cp\u003eDo Your Homework 334\u003c\/p\u003e \u003cp\u003eDon’t Waste a Moment 335\u003c\/p\u003e \u003cp\u003eCalculate the Cost of Debts 336\u003c\/p\u003e \u003cp\u003eGet on the Blower 336\u003c\/p\u003e \u003cp\u003eDon’t Give Too Many Options 337\u003c\/p\u003e \u003cp\u003eKeep a Dossier 337\u003c\/p\u003e \u003cp\u003eTrack ’em Down 338\u003c\/p\u003e \u003cp\u003eStick to the Law 338\u003c\/p\u003e \u003cp\u003eGet Drastic 339\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21: Ten Tips for Doing Your Books in the Shortest Possible Time \u003c\/b\u003e\u003cb\u003e341\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGet Connected with Bank Feeds 341\u003c\/p\u003e \u003cp\u003eCreate Bank Rules to Allocate Transactions Automatically 342\u003c\/p\u003e \u003cp\u003eScan Receipts 343\u003c\/p\u003e \u003cp\u003eCreate Recurring Transactions 344\u003c\/p\u003e \u003cp\u003eIntegrate Everything 344\u003c\/p\u003e \u003cp\u003eKeep Personal Stuff Separate 344\u003c\/p\u003e \u003cp\u003eLearn to Use all Ten Fingers 345\u003c\/p\u003e \u003cp\u003eSet Up Your Accounting Software Properly 345\u003c\/p\u003e \u003cp\u003eDitch Paper Records 346\u003c\/p\u003e \u003cp\u003eMake Customer Payments Easy 346\u003c\/p\u003e \u003cp\u003eGlossary 347\u003c\/p\u003e \u003cp\u003eIndex 357\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eVeechi Curtis\u003c\/b\u003e is a qualified accountant and business consultant who specialises in teaching small businesses about technology and finance. She is the author of \u003ci\u003eMYOB Software For Dummies, QuickBooks For Dummies, Small Business For Dummies,\u003c\/i\u003e and \u003ci\u003eCreating a Business Plan For Dummies.\u003c\/i\u003e   \u003c\/p\u003e\u003cul\u003e \u003cli\u003eMaster the bookkeeping basics\u003c\/li\u003e \u003cli\u003eManage employee payroll and decipher GST\u003c\/li\u003e \u003cli\u003eReconcile your accounts with ease\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003cb\u003eBe confident about your bookkeeping knowledge!\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIf you're not sure you know your assets from your equity, this is the book for you! But whether you're a small business owner confronting bookkeeping for the first time or a bookkeeping pro who wants to learn more about complex financial reports, you'll find the answers you need in these pages. Find out what's new in accounting software, become familiar with tax regulation changes, discover new requirements for bookkeepers and a great deal more. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eInside...\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e \u003cli\u003eDivide assets from liabilities\u003c\/li\u003e \u003cli\u003eRecord transactions accurately\u003c\/li\u003e \u003cli\u003eExplore cloud accounting\u003c\/li\u003e \u003cli\u003eManage employee payroll\u003c\/li\u003e \u003cli\u003eCalculate GST correctly\u003c\/li\u003e \u003cli\u003eMeasure business profitability\u003c\/li\u003e \u003cli\u003eForecast future growth\u003c\/li\u003e \u003cli\u003ePrepare for certificate exams\u003c\/li\u003e \u003c\/ul\u003e","brand":"For Dummies","offers":[{"title":"Default Title","offer_id":47988851179749,"sku":"NP9780730384731","price":26.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780730384731.jpg?v=1761781773","url":"https:\/\/k12savings.com\/es\/products\/bookkeeping-for-dummies-australia-isbn-9780730384731","provider":"K12savings","version":"1.0","type":"link"}