Nonprofit Bookkeeping & Accounting FD (Wiley Finance)

Nonprofit Bookkeeping & Accounting FD (Wiley Finance)

<p>Your hands-on guide to keeping great records and keeping your nonprofit running smoothly</p> <p>Need to get your nonprofit books in order? This practical guide has everything you need to know to operate your nonprofit according to generally accepted accounting principles (GAAP) ۥ from documenting transactions and budgeting to filing taxes, preparing financial statements, and much more. You'll see how to stay organized, keep records, and be prepared for an audit.</p> <ul> <li>Begin with the basics ۥ understand common financial terms, choose your accounting methods, and work with financial statements</li> <li> <p>Balance your nonprofit books ۥ set up a chart of accounts, record transactions, plan your budget, and balance your cash flow</p> </li> <li> <p>Get the 4-1-1 on federal grants ۥ find grants and apply for them, track and account for federal dollars, and prepare for a grant audit</p> </li> <li> <p>Stay in good standing with Uncle Sam ۥ set up payroll accounts for employees, calculate taxes and deductions, and complete tax forms</p> </li> <li> <p>Close out your books ۥ prepare the necessary financial statements, know which accounts to close, and prepare for the next accounting cycle</p> </li> <li> <p>Know what to do if you get audited ۥ form an internal audit committee, follow IRS rules of engagement, and keep an immaculate paper trail</p> </li> </ul> <p>Open the book and find:</p> <ul> <li>The difference between bookkeeping and accounting</li> <li> <p>How to maintain a manual or computer record-keeping system</p> </li> <li> <p>Ten vital things to know when keeping the books</p> </li> <li> <p>Do's and don'ts of managing federal grant money</p> </li> <li> <p>How to prepare for an audit of your financial statements</p> </li> <li> <p>IRS Form 990 good practices</p> </li> <li> <p>The most common errors found during nonprofit audits</p> </li> <li> <p>How to figure out employee payroll deductions and taxes</p> </li> </ul>