The Simplified Guide to Not-for-Profit Accounting, Formation, and Reporting

by Laurence Scot

A complete and easy to understand guide to the fundamentals of how not-for-profit organizations are formed and run, as well as their structure and the unique accounting and reporting issues they face. Providing you with a comprehensive understanding of how to maintain the "books" of a typical nonprofit entity and comply with numerous reporting requirements, The Simplified Guide to Not-for-Profit Accounting, Formation & Reporting equips you with everything you need to know to form a Not-For-Profit, setup an accounting system, record financial transactions and report to donors and regulatory bodies. Topics Practical and comprehensive in scope, The Simplified Guide to Not-for-Profit Accounting, Formation & Reporting offers a wealth of practical information to accountants and non-accountants alike for understanding Not-For-Profit financial transactions, financial statements and the many internal and external reports they must prepare.

Genres: Business

288 pages, Paperback

First published April 30, 2010

Reviews

[Roberta Johnson · Rating 4 out of 5]

Great basics for non-profit accounting.

[Robert Muller · Rating 4 out of 5]

Being in the process of starting a small nonprofit, and being in charge of finances, I got this book to provide a solid overview of the accounting I'd need to do, or at least supervise. It delivered. I think the book would benefit from deeper coverage of the chart of accounts, particularly with respect to pooled expenses and functional expense allocation, as well as from a deeper look into Form 990 and the auditing process (and the consequent recordkeeping processes needed for audits). Also, I have a strong background in accounting, so most of it was not new, but it seemed well explained. Somebody new to accounting might have more difficulty. I would recommend taking a basic accounting course before trying to run an organization with this book.

[Philip Athans · Rating 5 out of 5]

EXTREMELY HELPFUL! I have several pages of notes that will really help me to put together the National Buy a Book Day Foundation.