Bookkeeping for Nonprofits
Bookkeeping for Nonprofits is a hands-on guide that offers nonprofit leaders, managers, and staff the tools they need to create and maintain a complete and accurate set of accounting records. This much-needed resource provides those with little or no bookkeeping experience with practical advice in a highly accessible format.
Written by Murray Dropkin and Jim Halpin, Bookkeeping for Nonprofits is a step-by-step introduction to keeping accounting records, which form the foundation for a nonprofit organization's financial reports, tax returns, budgets, cash forecasts, and grant proposals. Using this volume as a guide, nonprofit leaders and staff will be able to set up books with or without accounting software and ensure that the records meet the needs of their organization. Bookkeeping for Nonprofits is a comprehensive resource that
Discusses how transactions provide day-to-day information for tracking cash balances and cash requirements
Shows how transactions provide information to management and the board of directors for budgeting and other essential tasks
Explains basic bookkeeping concepts, such as the accounting equation, the chart of accounts, and income and expense tracking
Guides readers through the nuts and bolts of recording a transaction
Provides an overview of alternative recordkeeping methodologies and how to choose among them
Designed to be easy to use, the book is filled with illustrations and checklists.
"Bookkeeping for Nonprofits is the remarkable new guide for a new generation of accounting challenges bookkeepers face every day." —Frances Hesselbein, chairman and founding president, Leader to Leader Institute
"Bookkeeping for Nonprofits provides a rare combination of consummate professionalism and clear, accessible writing. Underlying the wealth of technical information lies a great deal of wisdom. The authors have found a way to translate their enormous, on-the-ground experience into usable, actionable policies, procedures, and practices. It is a book that gives all you need to create a fiscally responsible agency with the bonus of helping you become a better manager and a wiser person." —Peter Block, business consultant and author of Flawless Consulting and The Empowered Manager
"Bookkeeping for Nonprofits provides an excellent understanding of the practical application of bookkeeping in the real work environment." —Ron Werthman, vice president, finance/treasurer and CFO, Johns Hopkins Health System, The Johns Hopkins Hospital
"This is a wonderful book that every bookkeeper in a nonprofit organization should have." —Eusebio David, fiscal director, Federation of Multicultural Programs, Inc.
This book will help bookkeepers new to non-profit accounting. The book goes into detail, showing actual entries, and the reasoning behind them. It also points out dos and don'ts, basic accrual accounting, and what reporting an accountant will need for the 990 form. The book is a primer for the non-profit bookkeeper and/or organization treasurer.
Good book, great illustrations. Very clear. However, if you've been doing corporate accounting for a number of years, this is pretty basic. Better for someone with limited experience. I was hoping for something a little more advanced.
Useful, relatively easy tor read reference on not-for-profit (NFP) accounting, generally aimed at non-finance/accounting person. Not so useful for an organization using cash accounting methods (versus accrual), common in smaller NFPs. Some good ideas for low-end (i.e., <$50K income/year) NFP BOD members.
Product Details :
- Paperback: 264 pages
- Publisher: Jossey-Bass; 1 edition (May 4, 2005)
- Language: English
- ISBN-10: 0787975400
- ISBN-13: 978-0787975401
- Product Dimensions: 0.8 x 8.1 x 11 inches
More Details about Bookkeeping for Nonprofits: A Step-by-Step Guide to Nonprofit Accounting, 1st Edition
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