Part IV

Pulling It All Together

Glenn Lumsden

‘Yvonne, finally we’re alone . . . it’s amazing how the word “stocktake” can clear a room.’

In this part . . .

Ireckon that bookkeepers fall into two camps. The first camp is the bookkeepers who want to do a basic job as quickly as possible, and who are happy for someone else (usually the accountant) to tidy up the mess at the end of the year. The second camp is made up of bookkeepers who are serious about their chosen profession, and who want to do the best job possible.

Most of the chapters in the fourth part of this book are written with the serious bookkeeper in mind. I walk right up to the line where the work of a bookkeeper ends and the work of an accountant begins. If you choose to master the many topics I discuss, chances are you’re going to be a bookkeeper who’s truly ahead of the pack.

The real fun begins in Chapter 12, where I talk about payroll reporting obligations, followed by the scintillating Chapter 13, where I delve into inventory and asset management. If that’s not enough for you, then you can really get your hands dirty in Chapters 14 and 15, digging deep into the world of hire purchase journals, bank loans, end-of-year journal entries and more.

This advanced stuff is the real deal. Good luck!