Learn Bookkeeping in 7 Days

Do you struggle with keeping your books?
Do you dread facing your finances?
Do you constantly fear that the tax man will come knocking?

Learn Bookkeeping in 7 Days is your step-by-step guide to taking the stress out of keeping your books!

This small business guide covers all of the basics, from setting up a general ledger through to confidently conquering your BAS, and all that's in between. In 7 quick and easy steps this book arms you with the knowledge you need to move to more advanced systems and will free up your time to focus on your business.

Packed full of taxation tips, tricks and traps, this is essential reading for all small business owners and anyone wanting to easily and quickly learn bookkeeping.

*Bonus resources can be downloaded from the author's website at www.tpabusiness.com.au.

About the Author v

Preface vii

Day 1: Introduction to bookkeeping and accounting 1

Day 2: Analysing and recording transactions 37

Day 3: Cash receipts and cash payments 65

Day 4: End-of-month reconciliations — proving our transactions 83

Day 5: The purchase and sale of inventory on credit terms 101

Day 6: Completing your quarterly BAS 135

Day 7: Some special rules for small business 155

Appendix A: Useful resources 177

Appendix B: Exercise solutions 181

Appendix C: Glossary 225

Index 237

Rod Caldwell is a tax accountant who worked for the Australian Taxation Office for 20 years before leaving to start a new career as a TAFE lecturer in business studies. He deals day-to-day with small business owners and operators. Do you struggle with keeping your books?

Do you dread facing your finances?

Do you constantly fear that the tax man will come knocking?

Learn Bookkeeping in 7 Days is your step-by-step guide to taking the stress out of keeping your books!

This small business guide covers all of the basics, from setting up a general ledger through to confidently conquering your BAS, and all that’s in between. In 7 quick and easy steps this book arms you with the knowledge you need to move to more advanced systems and will free up your time to focus on your business.

Packed full of taxation tips, tricks and traps, this is essential reading for all small business owners and anyone wanting to easily and quickly learn bookkeeping.

Rod Caldwell is a tax accountant who worked for the Australian Taxation Office for 20 years before leaving to start a new career at a TAFE Lecturer in business studies. He deals day-to-day with small business owners and operators. Bonus resources can be downloaded from the author’s website at www.tpabusiness.com.au.