9 Part 5: The Part of Tens Chapter 19: Tips for Handling (Almost) Ten Tricky Situations Tracking Depreciation Selling an Asset Selling a Depreciable Asset Owner’s Equity in a Sole Proprietorship Owner’s Equity in a Partnership Owner’s Equity in a Corporation Multiple-State Accounting Getting a Loan Repaying a Loan Chapter 20: (Almost) Ten Secret Business Formulas The First “Most Expensive Money You Can Borrow” Formula The Second “Most Expensive Money You Can Borrow” Formula The “How Do I Break Even?” Formula The “You Can Grow Too Fast” Formula The First “What Happens If … ?” Formula The Second “What Happens If …?” Formula The Economic Order Quantity (Isaac Newton) Formula The Rule of 72
10 Part 6: Appendixes Appendix A: Installing QuickBooks in Ten Easy Steps Appendix B: If Numbers Are Your Friends Keying In on Profit In the Old Days, Things Were Different What Does an Italian Monk Have to Do with Anything? Two Dark Shadows in the World of Accounting The Danger of Shell Games Appendix C: Sharing QuickBooks Files Sharing a QuickBooks File on a Network Installing QuickBooks for Network Use Setting User Permissions Specifying and Working in Multiuser Mode
11 Index
List of Tables
1 Chapter 1TABLE 1-1 A Profit and Loss Report
2 Chapter 2TABLE 2-1 A “Slightly Awkward Way” Sample Trial BalanceTABLE 2-2 A “Right Way” Sample Trial Balance
3 Chapter 15TABLE 15-1 QuickBooks Report Categories
4 Chapter 19TABLE 19-1 An Example of Owner’s Equity Accounts in a Sole ProprietorshipTABLE 19-2 An Example of Owner’s Equity Accounts in a PartnershipTABLE 19-3 An Example of Owner’s Equity in a Corporation
5 Chapter 20TABLE 20-1 Annual Interest Rates for Early-Payment DiscountsTABLE 20-2 Costs and RevenueTABLE 20-3 The Break-Even PointTABLE 20-4 Your Business ProfitsTABLE 20-5 Your Current SituationTABLE 20-6 How Profits Look at Various Sales Levels
6 Chapter 22TABLE B-1 The