Nonprofit Bookkeeping & Accounting for Dummies – Sharon Farris [PDF] [English]


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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

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