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
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Discusses how transactions provide day-to-day information for tracking cash balances and cash requirements
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Shows how transactions provide information to management and the board of directors for budgeting and other essential tasks
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Explains basic bookkeeping concepts, such as the accounting equation, the chart of accounts, and income and expense tracking
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Guides readers through the nuts and bolts of recording a transaction
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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.
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