Service fee may apply outside Australia.

Print version record.

Cover Page; Title Page; Copyright Page; Contents at a Glance; Table of Contents; Foreword; Introduction; About This Book; Foolish Assumptions; Icons Used in This Book; Where to Go from Here; Chapter 1: Getting Started; Deciding What Software to Use; Designing a System to Fit You; Getting organised; Keeping track of expenses and supplier bills; Recording money in; Getting Technical; Understanding GST; Working with payroll; Reconcile often, reconcile well; Developing an Attitude; Convince yourself this stuff matters; Quit counting sheep; Do your job well; Getting Skilled Up.

Keeping your qualifications up to dateJoining an association; Signing up to a course; Chapter 2: Choosing Software and Working in the Cloud; Heading for the Clouds; Why the cloud is such a big deal; Why cloud accounting doesn't always fit the bill; Accessing your accounts when the internet goes down; Rounding up the Main Players; Muscling up with MYOB; Playing it straight with Reckon and QuickBooks; Having fun with Xero; Matching Software to the Job in Hand; Starting up a new business; Getting ready to grow; Manufacturing, wholesaling and retailing; Catering for bigger business or non-profits.

Chapter 3: Building Your AccountsClassifying Accounts; Building Your Profit & Loss Accounts; Analysing income streams; Separating cost of sales accounts; Cataloguing expenses; Dealing with personal expenses; Seeing Where the Money's Made; Itemising Balance Sheet Accounts; Adding up the assets; Listing liabilities; Accounting for equity; Your Final Chart of Accounts; Chapter 4: Creating Order from Chaos; Getting Paperwork in Order; Locating bank and credit card statements; Organising supplier bills; Dealing with receipts; Scanning receipts and supplier invoices.

Keeping records of customer invoicesNitpicking over Petty Cash; Storing cash under lock and key; Robbing Peter to pay Paul; Coding receipts automatically; Keeping tabs of cash on the run; Deciding What to Keep and for How Long; Protecting Your Accounting Data; Backing up data from the cloud; Devising a backup strategy; Chapter 5: Recording Expenses and Supplier Payments; Bookkeeping for a Micro Business; Automating data entry with bank feeds; Entering transactions one by one; Bookkeeping for a Small Business; Deciding whether to record supplier bills.

Dealing with EFTPOS and credit card transactionsBookkeeping for a Larger Business; Managing supplier orders and invoices; Making supplier payments; Recording EFTPOS and credit card transactions; Allocating Everything Correctly; Chapter 6: Recording Receipts and Sales; Tracking Sales and Payments; Recording customer sales; Entering customer payments; Working on a Cash Basis; Bookkeeping for Other Receipts; Recording miscellaneous receipts; Selecting accounts correctly; Bringing Home the Bacon; Chapter 7: Understanding GST; Looking at How GST Works; Picking a reporting method.

Get your books in order quickly and easily with this straightforward guide Bookkeeping Essentials For Dummies is the must-have guide to understanding Australian bookkeeping. This vital reference provides the core information that all bookkeepers and small business owners need, with each task explained step by step, and tricky concepts broken down into simple and accessible language. This second edition has been fully updated to reflect the impact of cloud-based accounting, and provides practical tips for working with MYOB, QuickBooks, Reckon and Xero. Discover how bank feeds and automated reco.

1 2