QuickBooks All-in-One Desk Reference For Dummies
Chapter One
Principles
of Accounting
In This Chapter
Figuring out the purpose of accounting
Reviewing the common financial statements
Understanding the philosophy of accounting
Discovering income tax accounting and reporting
Any discussion of how to use QuickBooks to better manage your business
begins with a discussion of the basics of accounting. For this
reason, in this chapter and the next two chapters, I attempt to provide the
same information that you may receive in an introductory college accounting
course. Of course, I tailor the entire discussion to QuickBooks and the
small business environment. What you'll read about here and in the next
chapters of this book pretty much describes how accounting works in a
small business setting using QuickBooks.
If you have had some experience with accounting, if you know how to read
an income statement and balance sheet, or if you know ho ... read full excerpt from QuickBooks All-In-One Desk Reference for Dummies, 2nd Edition ebook