Alpha Teach Yourself Accounting in 24 Hours

( 2 )

All Available Formats + Editions

$0.01

$13.42

Paperback

$0.95

$13.42

Alpha Teach Yourself Accounting in 24 Hours (New Edition) Pub. Date: 6/6/2006 Publisher: Alpha Books

$0.01

——

Alpha Teach Yourself Accounting in 24 Hours Pub. Date: 4/20/2001 Publisher: Alpha Books

Want to read this on your NOOK? Request as NOOK Book from the publisher

Thank you for requesting this book as a NOOK book from the publisher.

Customers Who Bought This Also Bought

Advertising

Overview

Be a pro in no time …

Ideal for bookkeepers, accounting clerks, and small business owners, this practical guide goes beyond general accounting principles to teach readers how to prepare and manage their companies' books. In this new edition, readers will find completely revised and updated information on handling sales and services, and updated tax information reflecting changes in the tax code.

• Perfect for the many practicing accountants who are unlicensed bookkeepers, accounting clerks, and small business owners
• There are 3.1 million accountants, bookkeepers, and accounting clerks in the U.S.
• There are an estimated 23 million small business owners in the U.S., many of whom manage their own books

Product Details

ISBN-13: 9781592575022
Publisher: Alpha Books
Publication date: 6/6/2006
Edition description: New Edition
Edition number: 2
Pages: 368
Sales rank: 334,136
Series: Alpha Teach Yourself in 24 Hours Series
Product dimensions: 7.34 (w) x 9.18 (h) x 0.79 (d)

Meet the Author

Carol Costa has written for numerous business publications and has been a correspondent for the Phoenix Business Journal and The Tucson Business Chronicle. She has owned a bookkeeping and tax service and worked as an accountant.
C. Wesley Addison, CPA, holds a Master’s degree in accounting and is a member of AICPA and ASCPA. With over 20 years’ experience in all aspects of accounting and taxes, he is the senior partner of Addison and Gadea, a public accounting firm in Tucson, Arizona.

	Introduction	ix
Part I	The Chart of Accounts, How it Relates to the General Ledger and the Financial Statements	1
Hour 1	The Chart of Accounts/Balance Sheet Accounts	3
	Introduction to the General Ledger	4
	The Balance Sheet Accounts	5
	Assets	6
	Liabilities	9
	Equity Accounts	11
	Hour's Up!	13
Hour 2	Profit and Loss Statement Accounts	15
	Income Accounts	16
	Cost of Sales Accounts	17
	Expense Accounts	18
	Hour's Up!	23
Hour 3	Chart of Accounts Becomes the General Ledger	25
	Accounting Periods	26
	Opening Entries	27
	Debit and Credit Accounts	28
	Posting to the General Ledger	30
	Hour's Up!	36
Hour 4	Depreciable Assets, Prepaid Expenses, and Other Accounts	39
	Depreciating Assets	39
	Prepaid Expenses	43
	Adding Other Accounts to the General Ledger	45
	Eliminating Accounts from the General Ledger	47
	Hour's Up!	48
Hour 5	Organization and Proper Accounting Procedures	51
	Establishing and Managing an Operating Account	51
	Supplies	54
	Organizing Accounting Files	56
	Managing Files and Documents	58
	Hour's Up!	60
Part II	Daily Business Transactions	63
Hour 6	Daily Sales Transactions	65
	Cash Sales	65
	Credit Sales	70
	Combining Cash and Credit Sales	72
	Combining Cash and Credit Sales in Accounts Receivable	74
	Hour's Up!	76
Hour 7	Cost of Sales or Services	79
	Purchases	79
	Inventory Additions/Subtractions	80
	Accounts Payable	86
	Hour's Up!	90
Hour 8	Discounts, Allowances, and Other Adjustments	93
	Sales Discounts	93
	Sales Returns and Allowances	95
	Purchase Discounts	98
	Purchase Refunds and Allowances	99
	Interest Calculations and Adjustments	99
	Other Miscellaneous Adjustments	102
	Hour's Up!	104
Hour 9	Cash Disbursements	107
	Business Checking Account	107
	Accounts Payable	110
	General Expenses	113
	Posting Disbursements to the General Ledger	115
	Hour's Up!	118
Hour 10	The Importance of Work Papers, Receipts, and Other Records	121
	The Records to Keep	121
	Storing Records	123
	How Long Should Records Be Retained?	123
	Reconciling and Paying Vendor Accounts	124
	Completing Sales Tax Reports and Paying the Taxes	126
	Hour's Up!	131
Part III	Employees and Payroll	133
Hour 11	Salary and Wages	135
	Hiring Employees	136
	Required Government Forms	137
	Form W-4	137
	Form I-9	138
	Form W-5	138
	Various Types of Wages and Pay Periods	138
	Hour's Up!	143
Hour 12	Payroll Taxes: Employee/Employer	145
	Social Security Tax	145
	Medicare Tax	146
	Federal Withholding Tax	147
	State Withholding Tax	149
	Calculating Payroll Checks	150
	Unemployment Taxes	152
	Hour's Up!	154
Hour 13	Posting Payroll, Computing Taxes, and Conforming to Federal and State Rules and Regulations	157
	Payroll Tax Deposits	161
	Avoiding Tax Penalties	164
	Conforming to Federal and State Regulations	165
	Hour's Up!	165
Hour 14	Payroll Tax Reports	167
	Employee Ledgers	167
	Federal Tax Reports	168
	State Tax Reports	170
	Unemployment Reports	173
	How the Owner Pays Taxes	176
	Hour's Up!	177
Part IV	End-of-the-Month Accounting Tasks and Procedures	179
Hour 15	Cash Receipts Journal	181
	Current Month and Year-to-Date Financial Data	181
	Cash/Credit Transactions	188
	Posting Cash Receipts and Sales to the General Ledger	190
	Balancing Accounts Receivable	192
	Statements to Customers	195
	Hour's Up!	196
Hour 16	Cash Disbursements Journal	199
	Balancing Accrual Accounts	199
	Paying Taxes	200
	Petty Cash Funds	202
	Temporary Posting Distributions	207
	Hour's Up!	208
Hour 17	Payroll Journal and Employee Expense Accounts	211
	Employee Expense Accounts	211
	Using a Payroll Service	214
	Posting to the General Ledger	217
	Hour's Up!	219
Hour 18	Reconciling the Bank Accounts and General Journal Entries	221
	Balancing the Bank Accounts	221
	General Journal Entries	225
	Posting to the General Ledger	226
	Hour's Up!	230
Hour 19	The Trial Balance	233
	Reviewing the General Ledger Accounts	233
	How the Financial Statements Evolve	238
	Formatting the Profit and Loss Statement	239
	Hour's Up!	240
Part V	Financial Statements	243
Hour 20	The Monthly Balance Sheet	245
	Producing the Balance Sheet	245
	The Balance Sheet as a Management Tool	249
	Hour's Up!	250
Hour 21	The Monthly Profit and Loss Statement	253
	Issuing the Profit and Loss Statement	253
	Using the Profit and Loss Statement	256
	Tailoring the Income Statement to Specific Needs	257
	Hour's Up!	259
Hour 22	End-of-the-Year Payroll Reports and Other Tax Reports	261
	W-2s for Employees	262
	1099s for Vendors	267
	Completing the Federal Unemployment Tax Report	268
	Personal and Business Tax Returns	268
	Hour's Up!	269
Hour 23	Closing the Books at the End of the Year	271
	What Happens to the General Ledger	271
	Customer Accounts	273
	Vendor Accounts	275
	Moving from One Year to the Next	275
	Hour's Up!	276
Hour 24	Accounting Software Programs	279
	Setting Up a Computer Program	281
	Modifying Programs to Specific Needs	282
	Converting a Manual System to a Computerized System	283
	Hour's Up!	284
	Appendixes
Appendix A	Twenty-Minute Recap	287
Appendix B	Sample Forms	293
Appendix C	Accounting Terms, Resources, and Further Reading	325
Appendix D	Answers to "Hour's Up!" Quizzes	329
	Index	333

Customer Reviews

Average Rating 5

( 2 )

Rating Distribution

5 Star

(2)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Review Guidelines

Tell the world what you think of this product.

Add Recommendations

Your Name: Create a Pen Name or Leave Anonymously

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

- HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
- Time-sensitive information such as tour dates, signings, lectures, etc.
- Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
- Comments focusing on the author or that may ruin the ending for others
- Phone numbers, addresses, URLs
- Pricing and availability information or alternative ordering information
- Advertisements or commercial solicitation

Reminder:

- By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
- Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
- See Terms of Use for other conditions and disclaimers.

Anonymous

Posted July 5, 2003

Great Book!!!

I highly recommend this book!! This book is broken down into 24 sections, with a quiz at the end of each section to keep yourself in check. This is a great intro. book, easy to read, and by the end of the '24 hours', you will understand the basics in accounting.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Anonymous

Posted April 17, 2010

No text was provided for this review.

If you find inappropriate content, please report it to Barnes & Noble

Alpha Teach Yourself Accounting in 24 Hours

Pick Up in Store

Overview

All Available Formats + Editions

Customers Who Bought This Also Bought

More About This Book

Overview

Product Details

Meet the Author

Table of Contents

Customer Reviews

Rating Distribution

5 Star

4 Star

3 Star

2 Star

1 Star

Your Rating:

Your Recommendations:

Barnes & Noble.com Review Rules

Reviews by Our Customers Under the Age of 13

What to exclude from your review:

Reviews should not contain any of the following:

Reminder:

Recommend other products that relate to your review. Just search for them below and share!

Great Book!!!