Bookkeeping Basics: What Every Nonprofit Bookkeeper Needs to Know

Amazon.com Price: $20.85 (as of 11/10/2019 03:04 PST- Details)

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Description

Bookkeeping Basics No trained bookkeeper on staff? No problem. Many nonprofits should not have a trained bookkeeper on staff. This the most important function goes to whoever has the time and the willingness to do it. Lack of accounting training or background is not just 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 will provide you with 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 wish to know In plain language, the book explains concepts and processes you most wish to know, including: single- as opposed to double-entry bookkeeping; cash as opposed to 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 mean you can 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 waft chart, and an audit preparation checklist. Bottom line: If you are the bookkeeper for your nonprofit—by choice or default—this book is for you!

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