Bookkeeping Essentials

Steven M. Bragg, CPA, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young and an auditor at Deloitte. He is the author of over forty books primarily targeted toward controllers and their needs. Bragg received a master's degree in finance from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine.

• Preface ixPart One The Basics of Bookkeeping 1Chapter 1 Bookkeeping Basics 3Chapter 2 Chart of Accounts 15Chapter 3 General Ledger and Subledgers 29Part Two Daily Activities 37Chapter 4 Payroll 39Chapter 5 Purchasing and Payments 79Chapter 6 Billing and Collections 99Chapter 7 Cash Management 121Chapter 8 Inventory 135Chapter 9 Fixed Assets 155Chapter 10 Debt Accounting 169Part Three Creating Financial statements 173Chapter 11 The Trial Balance 175Chapter 12 Closing the Books 185Chapter 13 Balance Sheet 193Chapter 14 Income Statement 205Part Four Controls 219Chapter 15 Budgeting 221Chapter 16 Control Systems 247Part Five Other Topics 265Chapter 17 Record Keeping 267Chapter 18 Cost Reduction Opportunities 277Appendices 297Appendix A Journal Entries 299Appendix B Beginning Bookkeeper Checklist 317Glossary 321About the Author 327Index 329