ISBN: 978-1-939877-00-0
Whether you aspire to be an accounts payable clerk or a full charge bookkeeper, you will understand how to perform your job by learning about the whole system of bookkeeping.
General Ledger
How the general ledger functions as a depository for all transactions including accounts receivable and payable
How to set up a chart of accounts and how these accounts find their way to the financial statements of a company
- Debits and Credits
- General ledger entries
- Equipment and inventory
- Bank reconciliations
Job Cost
Explains what makes construction bookkeeping different than any other type of bookkeeping
- Cost Codes
- Types of expenses
- Labor burden
- Individual job costs
Payables
- Purchase orders
- Government forms (W-9)
- Certificates of insurance for subcontractors
- Coding of invoices to the general ledger
- Job cost ledgers
- How to handle retention
- How to pay an invoice or contract billing
Payroll
Learn what records are required by the Internal Revenue Service for each employee
Learn what records are required by the Department of Homeland Security for each employee
- Types of payroll periods
- Management of employee files
- The process of preparing and calculating time worked
- Gross payroll
- Payroll taxes
- Tax deposits
- Quarterly and annual payroll reports
Receivables
- AIA contracts and billings
- Open invoices
- Treatment of retention
- How to receive and record customer payments and NSF checks
- Aged Accounts Receivable Reports
- Security issues in regard to accessibility to the company’s money
Organizational
Helpful hints for organizing your bookkeeping for a company