Correct way to add google analytics script

Hi,

I know that there are plugins to add google analytics, but I want to do it myself, using functions.php.

I came up with this:

// Add google analytics tracking code to non-logged-in users
function google_analytics() {
       wp_register_script( 'google-analytics', get_stylesheet_directory_uri().'/scripts/ga.js', '', '', false );
      wp_enqueue_script( 'google-analytics' );
     }
    if (!is_user_logged_in()) {
     add_action( 'wp_enqueue_scripts', 'google_analytics' );
}

Now it all looks like it should work. When I go to any page (while not logged-in) I can view page source and see this in the header:
<script type='text/javascript' src='http://oldmankit.com/wp-content/themes/omkv2/scripts/ga.js?ver=3.5.1'></script>

However, it doesn’t seem to actually ‘kick in’. I can go to google analytics real-time mode and I cannot see myself viewing the page.

I have a much less tidy option which works (I show-up in real-time mode on google analytics):

function add_googleanalytics() {
if (!is_user_logged_in()) { ?>
	<script type="text/javascript">
	  var _gaq = _gaq || [];
  	_gaq.push(['_setAccount', 'UA-37314571-1']);
  	_gaq.push(['_setDomainName', 'oldmankit.com']);
  	_gaq.push(['_trackPageview']);
  (function() {
    var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true;
    ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js';
    var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s);
	  })();
	</script>
<?php }
}

add_action('wp_footer', 'add_googleanalytics');

But I don’t really want to have javascript in functions.php.

Can anyone tell me what I’ve done wrong with the first option?