Book description
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."
Â-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."
Â-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."
Â-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."
Â-Eusebio David, fiscal director,
Federation of Multicultural Programs, Inc.
Murray Dropkin, C. P.A., M. B.A., is president of
CMS Systems, Inc., a consulting firm that specializes in improving the
operational and financial operations of nonprofit and for-profit
organizations. He has published extensively in the field of nonprofit
accounting and is coauthor of The Budget-Building Book for Nonprofits
and The Cash Flow Management Book for Nonprofits, both from
Jossey-Bass. He co-edits Nonprofit Report, a monthly newsletter on
nonprofit accounting, taxation, and management. He is coauthor of the
three-volume Guide to Audits of Nonprofit Organizations and frequently
speaks at professional meetings and consults around the country.
James Halpin, C. P.A., M. S., is a software developer, systems
consultant, and accountant specializing in cost accounting concepts.
He has more than thirty years of experience in accounting, auditing,
taxation, management consulting, software development, and computer
consulting. He co-edits the monthly Nonprofit Report newsletter.
