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Just received everything for my C&R. What type of bound book are you exactly talking about. Let me in on what I need to do. You guys tell it easier to understand than the legal foreign language.
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Actually when you look up the specific rules for the "bound book" in that big thing of rules and stuff they sent you, it's pretty clear. I think the specific rule is 27 CFR 178.125(f)
Essentially it's just an A/D (acquisition/disposal I think) record for all the firearms you will receive/tranfer from your new FFL.
I just have one page per firearm, and I list manufacturer, model, serial#, type, caliber.
Then I list (under receipt) what date I received it, and who shipped it to me.
Under disposal I would list the date and who I sent it to - hypothetically, because I have no intention of EVER getting rid of any of them.
I don't know if I am recording too much or not, but I figure that with all of that I should definitely be covered. I also keep a backup copy of the same information on my Palm (just in case).