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Bookkeeping Template Introduction
If ever comes the time when you decide you want to learn how to do bookkeeping and accounting, this is the place you want to be, for sure.
Expand for your short written intro to the Videos below.
Anyone who wishes to learn Bookkeeping or Accounting needs to learn what we refer to as "Bookkeeping for Tax Accounting" first.
- Bookkeeping for Tax Accounting, also referred to as Bookkeeping for Financial Accounting, is a small subset of your overall Bookkeeping and Accounting needs. The other portion of your needs are referred to typically as Managerial or Cost Accounting.
- Bookkeeping for Tax Accounting has very specific requirements defined by others which actually makes it easier to learn and complete as compared to the rest of your needs where you have more say.
- The objective of the Bookkeeping for Tax Accounting process is TWO Reports: 1) An Income Statement and 2) A Balance Sheet . We give these new names in our Formal Education to help with easier ongoing clarity, but you'll get to that later.
- This is the only subset of bookkeeping where "everyone" needs the exact same basic education, no matter if they are going to be the CEO of a Large Company, a Small Business Owner, a Head of Household or a financially responsible individual engaged in organized society.
- To the surprise of many, detailed information related to individual Customers, Vendors, and Employees should not be included in this part of your bookkeeping process.
- Furthermore, and also to the surprise of many, our simple bookkeeping template has been designed to mimic an IRS Auditors audit process, and that's how we know this is the proper start for everyone's Tax Accounting needs .
Our Resources > Education > Subdomains page starts with a more in depth Tax vs Managerial Accounting comparison. The content on that landing page alone will take you a step further into understanding, and each of the subdomains allow you to slip further into learning with ease.
Our "Orientation" menu is another wonderful place to get introductory information. Those who go through it learn about the separation between Managerial and Tax Accounting via the 6 Box Model. The also get to see the proper location of a Bookkeeping Module when viewed in the chronological context of a full commercial flow. See "Box 5" below.
Our "Orientation" menu is another wonderful place to get introductory information. Those who go through it learn about the separation between Managerial and Tax Accounting via the 6 Box Model. The also get to see the proper location of a Bookkeeping Module when viewed in the chronological context of a full commercial flow. See "Box 5" below.
If you move on with the videos below, we expect you to have the following disposition:
- You have a desire to learn (more) about Bookkeeping and Accounting
- You understand the very specific Scope of Work that ZAP's Bookkeeping Template is intended to address.
- You understand why features and reports that may be found in other "bookkeeping software" that mixes Tax and Managerial Accounting is not included.
- You understand that Managerial Accounting Spreadsheet Templates, Software, Tools and/or Reports will be needed to properly fulfill all of your Bookkeeping and Accounting needs, as is the case with any digital bookkeeping solution you use, no matter how much they may want you to believe they offer an all-in-one solution.
- You understand this ZAP Accounting Software website offers Managerial Accounting Templates, Information and Education as well as Tax Accounting related information, but you also understand you should master Bookkeeping for Tax Accounting with our Bookkeeping Template first for numerous reasons.
- You understand the videos below are designed to "introduce you to" the Bookkeeping Template features and functions. They are not intended to "teach you" vocabulary nor how to setup or use the spreadsheet template.
- You understand that there is a lot more content and education to help you setup and use our templates, but you will need to dig into that material on your own to make it all happen for you.