Bookkeeping Made Simple
- ISBN13: 9780767917063
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
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Product Description
125,000 copies of the first edition in print:
A streamlined introduction to record keeping, accounting, and more, Bookkeeping Made Simple takes the mystery out of financial jargon for small-business owners and students. Completely updated, this comprehensive edition now covers everything from special journals to assets and payroll, making it easier than ever to master the math of commerce…. More >>
I haven’t finished the whole book. I am going along with my class at the same time. So far it appears to be helping me with an Accounting class. I like the worksheets in the book.
Rating: 4 / 5
Comment by Curtis J. Lentz — November 2, 2009 @ 12:50 am
My problem with this book starts early with the very first exercise on page 12. On a balance sheet the Assets = Equities, so why, on page 14 (the answer guide balance sheet.. do Assets = $14,600 and Equities = 9,460.00.
As I stated, this is obviously something confusing only to me or someone else would have also noted this mistake, but since I can’t figure it out and there’s no email or phone # to call… I give this book one star.
If anyone can explain… I’d be really grateful.
Rating: 1 / 5
Comment by adm — November 2, 2009 @ 3:04 am
I had high hopes for this book, based upon all the positive reviews. However, beware that some of the answers given to exercises are incorrect. The earliest and most obvious example is exercise 4.3 on page 30, with the answer presented on page 31 in figure 4.8A. The book’s answer is obviously wrong.
Rating: 1 / 5
Comment by Paul McGuckin — November 2, 2009 @ 3:33 am
OK, I admit that bookkeeping and accounting are generally perceived as dry subjects, but this was a Really boring read (-1 star)
I don’t find fault with the content, although some examples weren’t very clear, it was straightforward and explained a lot of concepts and covered a full accounting cycle (+4 stars).
The book’s claim to introduce computer-based accounting is a total handwave. They basically mention it and spend two pages explaining computer concepts in general, nothing specific to accounting with a computer. That was really disappointing (-2 stars).
Rating: 2 / 5
Comment by Another Reader — November 2, 2009 @ 3:51 am
As a new business owner, I recently determined that in order to have an intelligent conversation with my account, I must learn basic accounting terminology and how the accounting cycle operates. I showed this book to my accountant to get his opinion. He said, “I wish more of my clients read this book.”
In a simple manner, “Bookkeeping Made Simple” enlightened me on the subject of bookkeeping. I do not want to become an accountant or full-time bookkeeper. I just want a broad understanding of how it all works so I can confidently enter transactions in QuickBooks and keep my books organized for my accountant at the end of the year. I feel this book helped me achieve my goals.
If you have questions, such as, what are drawing accounts, ledgers, and journals? Or, how do I read a balance sheet and an income statement to determine the financial health of a company? Then this book is for you!
I’d also like to note that this title does not discuss accounting or bookkeeping software. It is purely old-fashioned manual bookkeeping. I believe learning the manual method will give you a greater understanding of your accounting software. It’s kind of like learning arithmetic by hand before moving to the calculator.
There are technical errors in some of the exercises. For example, a few of the balance sheets don’t balance. Also, there are many transcription errors where numbers from the exercise are not correctly reflected in the answer. The author does emphasize accuracy throughout the book and states, “perfect practice makes perfect.” Because he did not follow his own advice, he gets docked one star.
Overall, I feel “Bookkeeping Made Simple” presents a great intro to bookkeeping, which every entrepreneur must comprehend in order to fully understand his own business.
Rating: 4 / 5
Comment by Clint Pachl — November 2, 2009 @ 6:05 am