Part III

Recording Day-to-Day Transactions

Glenn Lumsden

‘Let’s see, you were five minutes late, then you worked back twenty, then I gave you a free lunch, then you were on the phone for two minutes .  .  . let’s call it $50 cash.’

In this part . . .

This part of the book arrives at the heart of the matter: Recording income, entering expenses, processing employee pay and reconciling bank accounts. These everyday transactions form the bread-and-butter of every bookkeeper’s existence. After all, what’s more important than cataloguing money in and money out, and calculating how much is left in the honey pot at the day’s end?