Nonprofit Bookkeeping and Accounting For Dummies

Author: Sharon Farris
Publisher: John Wiley & Sons
ISBN: 0470432365
Release Date: 2009-05-04
Genre: Business & Economics

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

Nonprofit Kit For Dummies

Author: Stan Hutton
Publisher: John Wiley & Sons
ISBN: 9781119280095
Release Date: 2016-12-12
Genre: Business & Economics

Help your nonprofit thrive Need practical advice on running a nonprofit? No problem! Packed with the latest tips and techniques on starting and managing a charitable organization, this easy-to-follow guide offers everything you need to help your nonprofit endure the ups and downs of the economy. From applying for your tax exemption to raising money to pay for your programs, it covers it all. So get ready to bring in the bucks — and enjoy watching your nonprofit prosper. Write a mission statement Craft a compelling pitch Raise money online Apply for grants Get the word out Adapt in hard times Prepare a solid budget Project cash flow

Financial Accounting For Dummies

Author: Maire Loughran
Publisher: John Wiley & Sons
ISBN: 9780470930656
Release Date: 2011-04-12
Genre: Business & Economics

Your plain-English guide to navigating a financial accounting course Despite the economic landscape and job market, demand for accountants remains strong, and accountants will continue to see high demand for their services as the economy rebounds and businesses grow. Additionally, one of the effects of the economic downturn is a greater emphasis on accountability, transparency, and controls in financial reporting. With easy-to-understand explanations and real-life examples, Financial Accounting For Dummies provides students who are studying business, finance, and accounting with the basic concepts, terminology, and methods to interpret, analyze, and evaluate actual corporate financial statements. Covers traditional introductory financial accounting course material Explores concepts accountants and other business professionals use to prepare reports Details mergers and acquisitions purchase and pooling, free cash flow, and financial statement analysis Whether you're a student on your way to earning a bachelor's degree, MBA, or MAcc, Financial Accounting For Dummies gives you a wealth of information to grasp the subject and ace the course.

Bookkeeping for Nonprofits

Author: Murray Dropkin
Publisher: John Wiley & Sons
ISBN: 9781118429709
Release Date: 2012-06-27
Genre: Business & Economics

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.

Good Counsel

Author: Lesley Rosenthal
Publisher: John Wiley & Sons
ISBN: 9781118236673
Release Date: 2011-12-12
Genre: Business & Economics

A concise overview of the legal needs of nonprofitorganizations Good Counsel is a compact and personable overview of thelegal needs of nonprofits, crafted by one of America's most astutenonprofit general counsels. The book distills the legal needs ofthe 1.8 million tax-exempt organizations in the UnitedStates.Written in a clear and accessible style, with plenty ofhumor and storytelling as well as illustrative case studies,Good Counsel explains the basics of nonprofit corporate law,governance, and the tax exemption. It then takes adepartment-by-department look at legal topics relevant to program,fundraising, finance, communications, human resources, operations,contracts, government relations, and more. Good Counsel isdesigned help organizations fulfill their missions to do the publicgood. Designed to impart confidence and demystify the issues, GoodCounsel is a must-read for nonprofit professionals and boardmembers as well as lawyers and law students. Using GoodCounsel as their playbook, lawyers, executives, and trusteescan get an overview of the most common legal, governance, andcompliance issues facing their organization and together ramp up atop-notch legal function. Contains practice pointers, checklists, and assessmenttools Features sample contracts, licenses, and other formdocuments Filled with case studies and end-of-chapter focus questions, aswell as available lesson plans for easy classroom use by educatorsin business, management, public policy, and law schools Good Counsel is the first-of-its-kind guidebook writtenby the sitting General Counsel of a major nonprofit. Written byinfluential author, speaker, and Bar leader Lesley Rosenthal, theGeneral Counsel of Lincoln Center for the Performing Arts, GoodCounsel shares the insights of a Harvard Law School graduatewith years of in-house and business law experience as well as boardservice.

Running QuickBooks in Nonprofits

Author: Kathy Ivens
Publisher: CPA911 Publishing
ISBN: 0972066985
Release Date: 2005-12
Genre: Computers

Providing information on using QuickBooks to track financial data in nonprofit organizations, this book covers all versions of QuickBooks. Management of donors, grants, and pledges, and topics such as allocating expenses to programs, handling donor restrictions, and generating the reports needed for donors and tax returns are covered in detail. In addition to easy-to-follow instructions and tons of tips and workarounds, information on using QuickBooks for fundraising is provided.

Financial and Accounting Guide for Not for Profit Organizations

Author: John H. McCarthy
Publisher: John Wiley & Sons
ISBN: 9781118186602
Release Date: 2012-02-01
Genre: Business & Economics

A completely revised and expanded edition of the nonprofitindustry finance and accounting standard Filled with authoritative advice on the financial reporting,accounting, and control situations unique to not-for-profitorganizations, Financial and Accounting Guide for Not-for-ProfitOrganizations, Eighth Edition is recognized by professionals asthe industry standard reference on not-for-profit finance andaccounting. Prepared by the PricewaterhouseCoopers Not-for-ProfitIndustry Services Group, the book includes accounting, tax, andreporting guidelines for different types of organizations,step-by-step procedures and forms, and more. A new chapter onpublic debt has also been added. Presents the latest updates to regulatory reporting anddisclosure changes in recent years Reflects the totally revamped and revised AICPA accounting andaudit guide for not-for-profit organizations Addresses concerns of all nonprofit organizations, includinghealth and welfare organizations, colleges and universities,churches and other religious organizations, libraries, museums, andother smaller groups Includes step-by-step procedures and forms, detailedexplanations of financial statements, and a how-to section onsetting up and keeping the books Financial and Accounting Guide for Not-for-ProfitOrganizations, Eighth Edition is the completely revised andexpanded new edition of the bestselling not-for-profit accountingguide.

Bookkeeping Kit For Dummies

Author: Lita Epstein
Publisher: John Wiley & Sons
ISBN: 9781118237700
Release Date: 2012-01-09
Genre: Business & Economics

The easy way to get a handle on bookkeeping Accurate and complete bookkeeping is crucial to any businessowner, but it's also important to those who work with the business,such as investors, financial institutions, and employees.Bookkeeping For Dummies provides the easy and painless wayto master this critical skill. You'll get clear and concise information on keeping track oftransactions, figuring out balance sheets, keeping ledgers orjournals, creating financial statements, and operating accounts forbusinesses, along with practices and examples to hone your skills.Plus, the bonus CD includes samples of bookkeeping forms, workingpapers, letters, resources, and spreadsheets. Keeping track of transactions Figuring out the balance sheet Keeping a ledger and journal Creating financial statements Operating accounts for businesses Recognizing assets and liabilities Up-to-date tax information Changes in small business regulations Additional and complementary examples Demonstration problems True/false and multiple-choice questions and scenarios Whether you're a professional or a student looking to expandyour skills, Bookkeeping Kit For Dummies is a one-stopresource for anyone interested in this ever-growing occupation.

Bookkeeping For Dummies

Author: Lita Epstein
Publisher: John Wiley & Sons
ISBN: 9781118950371
Release Date: 2014-12-11
Genre: Business & Economics

The fast and easy way to master the art of bookkeeping If you're a business owner or an employee who manages finances,the latest edition of Bookkeeping For Dummies is for you.This handy guide gives you clear and concise information on how tokeep track of accounts, prepare balance sheets, organize ledgers orjournals, create financial statements, and so much more. Packedwith the most up-to-date bookkeeping practices, tax information,and small-business laws, Bookkeeping For Dummies is anaccessible, invaluable resource you'll turn to again and again. Accurate and complete bookkeeping is crucial to any -businessowner—but jumping in headfirst without knowing your accountsfrom your balance sheets can confuse even the most astutebusinessperson. That's where Bookkeeping For Dummies helps!Written in the familiar and friendly tone that has defined the ForDummies brand for more than twenty years, this clear andcomprehensive guide covers everything you'll encounter as you setout to tackle your company's books, ensuring you're on the righttrack and saving you tons of headaches along the way. So what areyou waiting for? It's time to hit the books! Offers easy-to-follow instructions to keep track of yourbusiness' financial well-being Covers managing assets and liabilities Includes updated QuickBooks screenshots and Excelspreadsheets Provides guidance on producing balance sheets and creatingfinancial statements Whether you're just starting out with bookkeeping—or abookkeeper who needs to brush up on yourskills—Bookkeeping For Dummies sets you up forsuccess.

Forensic Accounting For Dummies

Author: Frimette Kass-Shraibman
Publisher: John Wiley & Sons
ISBN: 9781118027271
Release Date: 2011-01-13
Genre: Business & Economics

A practical, hands-on guide to forensic accounting Careers in forensic accounting are hot-US News & World Report recently designated forensic accounting as one of the eight most secure career tracks in America., Forensic accountants work in most major accounting firms and demand for their services is growing with then increasing need for investigations of mergers and acquisitions, tax inquiries, and economic crime. In addition, forensic accountants perform specialized audits, and assist in all kinds of civil litigation, and are often involved in terrorist investigations. Forensic Accounting For Dummies will track to a course and explain the concepts and methods of forensic accounting. Covers everything a forensic accountant may face, from investigations of mergers and acquisitions to tax inquiries to economic crime What to do if you find or suspect financial fraud in your own organization Determining what is fraud and how to investigate Whether you're a student pursuing a career in forensic accounting or just want to understand how to detect and deal with financial fraud, Forensic Accounting For Dummies has you covered.

Start Your Own Nonprofit Organization

Author: Cheryl Kimball
Publisher: Entrepreneur Press
ISBN: 9781613082652
Release Date: 2014-04-21
Genre: Business & Economics

Whether you want to serve a community need, assist citizens, or advocate for animals—your aspiration is a noble one and likely an ideal mission for a nonprofit organization. The experts at Entrepreneur show you how to turn your desire for change into a successful—and satisfying—business. This indispensable guide helps you determine if your business idea is nonprofit or for-profit, understand and identify their business mission and vision, staff and run a lean operation, select and manage a board of directors, manage finances to the satisfaction of the IRS, find a location and set up shop, master fundraising, use social media and other cost-effective outreach, and manage sustainability and growth. All startup steps are supported by insider knowledge from successful entrepreneurs, dollar-stretching tips, missteps to avoid, resources, and more.

Financial Management for Nonprofit Human Service Organizations

Author: Raymond Sanchez Mayers
Publisher: Charles C Thomas Publisher
ISBN: 9780398075132
Release Date: 2004
Genre: Business & Economics

Like its well-known predecessor, Financial Management for Nonprofit Human Service Agencies, this new and expanded edition, with a slight title change, continues to reflect the author�s efforts to provide the critical knowledge needed to communicate with the "experts" The central organizing theme of this book is the acquisition, distribution, and reporting of agency resources within a systems framework. Divided into four sections, Section I is an overview that covers historical and sociopolitical context of nonprofit organizations and financing as well as the systems concept and unique characteristics of nonprofits. Section II covers the planning and acquisition of resources by human service organizations. Budgeting, marketing, and grantwriting skills are examined. Section III details the distribution of the acquired resources through internal control, budgeting, and investments. Section IV presents basic accounting techniques, fund accounting, financial reporting guidelines, and financial statement analysis, including the recording and reporting of organizational financial activities. New topics include fees for services, purchase of service contracting, breakeven analysis for costing services and activities, third-party payments, internet resources, and a glossary.

Bookkeeping Basics

Author: Debra L. Ruegg
Publisher: Fieldstone Alliance
ISBN: 1630262854
Release Date: 2003-03
Genre: Business & Economics

Bookkeeping Basics 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; and 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 nonprofit--by choice or default--this book is for you!