Bookkeeping for Canadians for Dummies (Paperback, 3)

Introduction 1

Part 1: Basic Bookkeeping: Why You Need It 5

Chapter 1: So You Want to Do the Books 7

Chapter 2: Getting Down to Bookkeeping Basics 25

Chapter 3: Outlining Your Financial Roadmap with a Chart of Accounts 39

Part 2: Keeping a Paper or an Electronic Trail 57

Chapter 4: Ledgers: A One-Stop Summary of Your Business Transactions 59

Chapter 5: Keeping Journals 73

Chapter 6: Computer Options for Your Bookkeeping 95

Chapter 7: Controlling Your Books, Your Records, and Your Money 105

Part 3: Tracking Day-to-Day Business Operations 123

Chapter 8: Buying and Tracking Your Purchases 125

Chapter 9: Counting Your Sales 139

Chapter 10: Employee Payroll and Benefits 161

Chapter 11: Employer-Paid Benefits and Government Payroll Reporting 181

Part 4: Preparing the Books for Year’s (or Month’s) End 189

Chapter 12: Depreciating Your Assets 191

Chapter 13: Paying and Collecting Interest 203

Chapter 14: Proving Out the Cash 215

Chapter 15: Finalizing the Journals 229

Chapter 16: Checking Your Accuracy by Trial and — We Hope — No Error 241

Chapter 17: Adjusting the Books 253

Part 5: Reporting Results and Starting Over 269

Chapter 18: Developing a Balance Sheet 271

Chapter 19: Producing an Income Statement 285

Chapter 20: Completing Year-End Payroll and Reports 301

Chapter 21: Satisfying the Taxman 309

Chapter 22: Prepping the Books for a New Accounting Cycle 319

Part 6: The Part of Tens 325

Chapter 23: Top Ten Ways to Manage Your Business Cash with Your Books 327

Chapter 24: Top Ten Most Important Accounts for Any Bookkeeper 331

Appendix: Glossary 335

Index 343