Customer Rating: Summary: Just what I was looking for Comment: I needed a crash course in setting up a chart of accounts for a small not-for-profit organization. I have studied basic bookkeeping and accounting in school, but it did not go into nonprofit and fund accounting. This book was a great help. Customer Rating: Summary: Good resource for the basic concepts Comment: Clear, practical and well-organized resource for new bookkeepers and accounting students without bookkeeping experience who want to better understand the accounting cycle. Very user-friendly. Customer Rating: Summary: A bookkeeping book for non-profits Comment: The book is very good for an understanding of bookkeeping for non-profits with many reminders, charts and instructions. It continually emphasized what was discussed in earlier chapters. And, it gave a review of the bookkeeping basics. There is a lot of information for medium to large non-profits. The book discusses accrual and cash basis. This book would be a good tool for a medium or large organization. The book gave me confidence to do the job as treasurer of a small non-profit as I was reminded of the things I learned in accounting classes that I had many years ago.
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!
