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QuickBooks All-In-One Desk Reference for Dummies, 2nd Edition
By: Stephen NelsoneBook Publisher: John Wiley & Sons
Imprint: For Dummies
Format: Adobe Encrypted (DRM)
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Eight minibooks give small business users all the information they need to harness the full power of QuickBooks, which has 3 million users and an 85 percent share of the business accounting software market Offers an accounting primer, a QuickBooks quick start, and full coverage of bookkeeping chores, accounting chores, financial management, business plans, QuickBooks care and maintenance, and additional business resources–nearly 700 pages of plain-English explanations Fully updated throughout to cover changes and enhancements in the latest version of the software Small businesses (those with fewer than 500 employees) represent 99.7 percent of all U.S. businesses and employ more than half of all private sector wage earners
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| Title of Computers eBook: QuickBooks All-In-One Desk Reference for Dummies, 2nd Edition | |
| Release Date: 01-28-2005 | |
| Publisher: For Dummies |
This eBook download is available in the following formats:
| Parent title | QuickBooks All-In-One Desk Reference... |
|---|---|
| Encrypted (DRM) | Yes |
| SKU | 9780764589690 |
| File size | 10261 |
| Security | n/a |
| Printing | Not allowed |
| Copying | Not allowed |
| Read aloud | No Sys requirements Download reader |
| Devices | Samsung Tablet, Apple Ipad & Iphone, Barnes & Noble Nook, Kobo eReader, Aluratek Libre, Iliad, Nokia, Blackberry, Hanlin |
| Note | Excellent navigation features are available via Adobe such as bookmarks and a quick access table of contents. Text search is easily accessible. An Adobe DRM-protected file is different than a pdf file in that it uses Adobe DRM (Digital Rights Management) technology, which authors and publishers use to protect their content from illegal online distribution and to set certain privileges such as restrictions on copying and printing. |
QuickBooks All-In-One Desk Reference for Dummies, 2nd Edition
Chapter One
Principles of AccountingIn 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 how to construct a journal entry, you don't need to read the discussion provided by this chapter or the next. However, if you're new to accounting and business bookkeeping, take the time to carefully read this chapter. The chapter starts by giving a high-level overview of the purpose of accounting. Then, I review the common financial statements that any accounting system worth its salt produces. I also discuss some of the important principles of accounting and the philosophy of accounting. Finally, I talk a little bit about income tax law and tax accounting.
Purpose of Accounting
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