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Managing Accounting Systems

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In our experience, too many business managers and owners ignore their bookkeeping and accounting systems or take them for granted — unless something goes wrong. They assume that if the books are in balance, everything is okay, and that you can simply hit a print report icon or button to produce qualify financial information. The later section “Double-Entry Accounting” covers exactly what it means to have “books in balance” — it does not necessarily mean that everything is okay.

To determine whether your bookkeeping system is up to snuff, check out this section, which provides a checklist of the most important elements of a good system.

Accounting For Dummies

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