Bookkeeping for Nonprofits: A Step-by-Step Guide to Nonprofit Accounting

Bookkeeping for Nonprofits: A Step-by-Step Guide to Nonprofit Accounting

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<p><b>BOOKKEEPING FOR NONPROFITS</b> <p><i>Bookkeeping for Nonprofits</i> 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. <p>Written by Murray Dropkin and Jim Halpin, <i>Bookkeeping for Nonprofits</i> 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. <i>Bookkeeping for Nonprofits</i> is a comprehensive resource that <ul> <li>Discusses how transactions provide day-to-day information for tracking cash balances and cash requirements</li> <li>Shows how transactions provide information to management and the board of directors for budgeting and other essential tasks</li> <li>Explains basic bookkeeping concepts, such as the accounting equation, the chart of accounts, and income and expense tracking</li> <li>Guides readers through the nuts and bolts of recording a transaction</li> <li>Provides an overview of alternative recordkeeping methodologies and how to choose among them</li> </ul> <p>Designed to be easy to use, the book is filled with illustrations and checklists. <p>"<i>Bookkeeping for Nonprofits</i> is the remarkable new guide for a new generation of accounting challenges bookkeepers face every day."<br/> <b>€"Frances Hesselbein,</b> chairman and founding president, Leader to Leader Institute <p>"<i>Bookkeeping for Nonprofits</i> 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."<br/> <b>€"Peter Block,</b> business consultant and author of <i>Flawless Consulting</i> and <i>The Empowered Manager</i> <p>"<i>Bookkeeping for Nonprofits</i> provides an excellent understanding of the practical application of bookkeeping in the real work environment."<br/> <b>€"Ron Werthman,</b> vice president, finance/treasurer and CFO, Johns Hopkins Health System, The Johns Hopkins Hospital <p>"This is a wonderful book that every bookkeeper in a nonprofit organization should have."<br/> <b>€"Eusebio David,</b> fiscal director, Federation of Multicultural Programs, Inc.