Nonprofit Bookkeeping & Accounting for Dummies - 2nd Edition by Maire Loughran & Sharon Farris (Paperback)

Book Synopsis

Beginner-friendly information you need to successfully manage finances in a not-for-profit organization

Nonprofit Bookkeeping & Accounting For Dummies is a helpful guide for anyone who is responsible for financial and accounting operations in nonprofit organizations or needs to read and understand a nonprofit financial statement. It includes information on the basics of nonprofit bookkeeping, general nonprofit accounting principles, basic financial statements, and specific laws and regulations that govern the accounting of nonprofit organizations. With the simple guidance in this book, you'll learn how to keep accurate books in accordance with state and federal laws, even if your professional background isn't in finance.

• Learn the basics of bookkeeping and accounting, including common terminology
• Choose the right accounting methods and software for your organization
• Apply for, track, and account for federal grants and other grant money
• Set up payroll accounts, complete tax forms, and navigate the audit process

Nonprofit Bookkeeping & Accounting For Dummies is the perfect, easy-to-use resource for nonprofit managers and volunteers who need to learn complex rules and regulations that govern nonprofit accounting and bookkeeping procedures.

From the Back Cover

Master the financial side of nonprofits

Nonprofits pride themselves on being different, even when it comes to accounting. Nonprofit Bookkeeping & Accounting For Dummies is an easy way to learn the basics, focusing on not-for-profit organizations. You'll learn common financial terms and bookkeeping essentials, and you'll discover how to account for nonprofit-specific situations like grants. Even if you're new to bookkeeping, this friendly guide will show you how to get started, keep good records, stay in compliance, keep an eye on cash flow, and survive an audit.

Inside...

• Must-know accounting basics
• Choosing the right methods
• Using bookkeeping software
• Fund and grant accounting
• Employee payroll accounts
• Tax forms and audit prep
• Budgeting and staying afloat
• Creating financial statements

About the Author

Maire Loughran, CPA, is an accountant and auditor with 20 years of experience as a full, adjunct accounting professor. She is author of Financial Accounting For Dummies, Auditing For Dummies, and Intermediate Accounting For Dummies.