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

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[ReviewAZON asin="0787975400"]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.[/ReviewAZON] Read more »

Big E-Z Books – Non-Profit Edition 2009

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[ReviewAZON asin="B001PBAGHK"]Track the right stuff without all the fluff! Use Big E-Z Books and the power of Microsoft Excel to track all your income and expenses for the year. There are 12 monthly workbooks and one summary linked together for your convenience. Big E-Z Books keeps your checkbook balance up to date, and keep you organized for tax time. There are 12 customizable income categories and 25 expense categories. You can print reports, set up a budget and reconcile the checkbook. There are 150 rows for each month's data and the columns fit 7 digit numbers. (Requires: Microsoft Excel/Office, XP or VISTA)[/ReviewAZON] Read more »

Nonprofit Bookkeeping & Accounting For Dummies

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[ReviewAZON asin="0470432365"]

Your hands-on guide to keeping great records and keeping your nonprofit running smoothly

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) — 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.

  • Begin with the basics — understand common financial terms, choose your accounting methods, and work with financial statements

  • Balance your nonprofit books — set up a chart of accounts, record transactions, plan your budget, and balance your cash flow

  • Get the 4-1-1 on federal grants — find grants and apply for them, track and account for federal dollars, and prepare for a grant audit

  • Stay in good standing with Uncle Sam — set up payroll accounts for employees, calculate taxes and deductions, and complete tax forms

  • Close out your books — prepare the necessary financial statements, know which accounts to close, and prepare for the next accounting cycle

  • Know what to do if you get audited — form an internal audit committee, follow IRS rules of engagement, and keep an immaculate paper trail

Open the book and find:

  • The difference between bookkeeping and accounting

  • How to maintain a manual or computer record-keeping system

  • Ten vital things to know when keeping the books

  • Do's and don'ts of managing federal grant money

  • How to prepare for an audit of your financial statements

  • IRS Form 990 good practices

  • The most common errors found during nonprofit audits

  • How to figure out employee payroll deductions and taxes

[/ReviewAZON] Read more »

Bookkeeping Basics: What Every Nonprofit Bookkeeper Needs to Know

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[ReviewAZON asin="0940069296"]No trained bookkeeper on staff? No problem. Many nonprofits don't have a trained bookkeeper on staff. This crucial function goes to whoever has the time and the willingness to do it. Lack of accounting training or background is not only frustrating for the individual, but also potentially risky for the nonprofit. Bookkeeping Basics will enable you to successfully meet the basic bookkeeping requirements of your organization. It gives you the knowledge and skills to track the financial activity of your nonprofit in a way that brings order out of chaos, safeguards the organization's assets, and provides useful information for making sound decisions. Clearly defines what you most need to know. In plain language, the book explains concepts and processes you most need to know, including: Single- versus double-entry bookkeeping, Cash versus accrual basis accounting, Posting financial transactions, Keeping a ""paper trail"" of source documents, Preparing a trial balance, Creating financial statements, Establishing internal controls, Preparing for your annual audit, Closing out your fiscal year. Step-by-step instructions, clear definitions of terms, and detailed examples help you put concepts into actions. Reproducible forms include an accounts payable register, accounts receivable register, accounts receivable register, general ledger, financial summary form, grant tracking form, internal controls activity flow chart, and an audit preparation checklist. Bottom line: If you're the bookkeeper for your nonprofitby choice or defaultthis book is for you![/ReviewAZON] Read more »

Big E-Z Books – Non-Profit Edition 2008

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[ReviewAZON asin="B001J1VI3C"]Track the right stuff without all the fluff! Use Big E-Z Books and the power of Microsoft Excel to track all your income and expenses for the year. There are 12 monthly workbooks and one summary linked together for your convenience. Big E-Z Books keeps your checkbook balance up to date, and keep you organized for tax time. There are 12 customizable income categories and 25 expense categories. You can print reports, set up a budget and reconcile the checkbook. There are 150 rows for each month's data and the columns fit 7 digit numbers. (Requires: Microsoft Excel/Office, XP or VISTA)[/ReviewAZON] Read more »