Bookkeeping For Dummies

Do you know your assets from your equity? Or are you depressed about depreciation? Whether you’re a small business owner who is new to bookkeeping or a seasoned bookkeeping professional who wants to learn more about creating complex financial reports, Bookkeeping For Dummies, third Australian Edition has something for everyone, from building your own list of accounts to learning about the latest developments in cloud accounting software. Whatever your bookkeeping needs, this practical guide will help you ensure that the numbers add up – every time.

• Get to grips with bookkeeping basics – understand bookkeeping lingo, record income and expenses, and separate your assets from your liabilities
• Record business transactions correctly – make the end of the month hassle-free.
• Use accounting software – throw out that box of receipts and discover the wonderful world of accounting software, including all the latest cloud accounting options.
• Manage employee payroll – ensure your employees’ wages, tax, leave and superannuation are correct, no matter the size of your organization
• Stay on the right side of the law and the tax man – tick all the boxes, from registering a business to calculating GST correctly.
• Create detailed financial statements – use more advanced bookkeeping techniques to measure profitability and forecast future growth
• Pass your exams with flying colours – succeed in Certificate IV Bookkeeping with lots of information and tips for your core units.

This edition has been comprehensively updated to include:

• Changes in the accounting software landscape, including much more about Xero
• Coverage of cloud accounting and cloud software in general plus explanations of cloud features (now in all products), particularly bank feeds and automated reconciliations
• Implications of cloud accounting software for the independent bookkeeping practice
• Changes to some tax regulations (including capital acquisition thresholds and small business concessions)
• Changes to BAS Agent legislation and requirements for bookkeepers
• More information on the ‘how-to-allocate’ FAQs that bookkeepers often have.