Getting Started in Bookkeeping For Dummies, Australian Edition
by Veechi Curtis
Getting Started in Bookkeeping For Dummies, Australian Edition
Published by
Wiley Publishing Australia Pty Ltd
42 McDougall Street
Milton, Qld 4064
www.dummies.com
Copyright 2010 Wiley Publishing Australia Pty Ltd
The moral rights of the author have been asserted.
National Library of Australia Cataloguing-in-Publication data:
Author: Curtis, Veechi.
Title: Getting Started in Bookkeeping For Dummies/Veechi Curtis.
Edition: Australian ed.
ISBN: 978 1 74246 874 7 (pbk.)
Notes: Includes index.
Subjects: Bookkeeping Australia.
Dewey Number: 657.2
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Cover image: iStockphoto.com/Uyen Le
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About the Author
Veechi Curtis has a degree in Accountancy and Business Management from Charles Sturt University, and has worked as a business consultant for more than 13 years, including several years running a contract bookkeeping service. As a journalist, she has written for many publications including Australian PC World, Australian Personal Computer and CCH Australia Limited , and has also been a columnist for The Sydney Morning Herald .
Veechi is also the author of Small Business For Dummies, MYOB Software For Dummies and QuickBooks QBi For Dummies and co-author of Bookkeeping For Dummies and Business Plans For Dummies .
Veechi has three children and lives with her husband in the beautiful Blue Mountains of New South Wales. Feel free to send Veechi a message, or ask a question about this book, via her website at www.veechicurtis.com.au .
Authors Acknowledgements
Veechi would like to thank Andrew White of Benetatos White for his help with legal questions. Thanks also to the John Wiley editorial team: Rev Mengle, Hannah Bennett, Jen Bingham, Bronwyn Duhigg, Caroline Hunter and Gabrielle Packman.
Last but not least, thanks to my very silly and wonderful family, who provide me with all the inspiration I could ever need.
Publishers Acknowledgements
Were proud of this book; please send us your comments through our online registration form located at http://dummies.custhelp.com.
Some of the people who helped bring this book to market include the following:
Acquisitions, Editorial and Media Development
Acquisitions Editor: Rebecca Crisp
Editorial Manager: Hannah Bennett
Production
Graphics: Wiley Art Studio
Cartoons: Glen Lumsden
Proofreader: Liz Goodman
Indexer: Veechi Curtis
The authors and publisher would like to thank the following copyright holders, organisations and individuals for their permission to reproduce copyright material in this book.
MYOB Australia: screen captures from MYOB reproduced with permission. Copyright 2010 MYOB Technology Pty Ltd
Reckon Limited: Copyright 2010 Intuit Inc. All rights reserved
Xero: Screenshot on page 64 reproduced with permission from Xero
Microsoft Corporation: MS Excel screenshots reprinted by permission from Microsoft Corporation
Every effort has been made to trace the ownership of copyright material. Information that will enable the publisher to rectify any error or omission in subsequent editions will be welcome. In such cases, please contact the Permissions Section of John Wiley & Sons Australia, Ltd.
I first started working as a bookkeeper in my late teens, doing handwritten books in leather-bound journals down by the docks in my hometown of Edinburgh, Scotland. Later, I emigrated to Australia, where I got a job working as a bookkeeper in the Blue Mountains west of Sydney. There I worked with first-generation accounting software, substituting the peace of those inky journals for a battle of wills (myself versus the computer) that required a bizarre mixture of programming skills and native cunning.
By my late twenties, I had a small business of my own, employing four staff and offering bookkeeping services to local businesses. I finished a degree in accounting (which contributed surprisingly little to my bookkeeping expertise), and started writing for magazines and newspapers reviewing accounting software. In the following years, I wrote a fair few For Dummies titles, including MYOB Software For Dummies and QuickBooks For Dummies .
Even with all this experience behind me, I was in a bit of a quandary as to how to structure the project that you have in your hands right now Getting Started in Bookkeeping For Dummies . I didnt want a dull, theoretical approach that laboured on about debits and credits, but nor did I want to write an accounting software how-to guide. Instead, Ive tried to strike a balance, with a book that explains the principles of bookkeeping in the context of doing business in the 21st century.
This book talks about getting started with bookkeeping, explaining accounting concepts such as debits and credits, the difference between an asset and a liability, and how expenses are different from income. I also explore the pros and cons of the different ways of bookkeeping are you best to do books by hand, use a spreadsheet or purchase accounting software?
I explain how to record expenses (the scary bit), how to keep track of income (much more fun) and how to balance your bank account. Hopefully, these skills combined can help you sleep well at night, with no counting of sheep required.