Nonprofit Bookkeeping & Accounting for Dummies

Master the financial side of nonprofits Nonprofits pride themselves on being different, even when it comes to accounting. Nonprofit Bookkeeping & Accounting For Dummies is an easy way to learn the basics, focusing on not-for-profit organizations. You'll learn common financial terms and bookkeeping essentials, and you'll discover how to account for nonprofit-specific situations like grants. Even if you're new to bookkeeping, this friendly guide will show you how to get started, keep good records, stay in compliance, keep an eye on cash flow, and survive an audit. Inside... - Must-know accounting basics - Choosing the right methods - Using bookkeeping software - Fund and grant accounting - Employee payroll accounts - Tax forms and audit prep - Budgeting and staying afloat - Creating financial statements

Maire Loughran, CPA, is an accountant and auditor with 20 years of experience as a full, adjunct accounting professor. She is author of Financial Accounting For Dummies, Auditing For Dummies, and Intermediate Accounting For Dummies.

Introduction 1 Part 1: Accounting and Bookkeeping Nonprofit-Style 5 Chapter 1: Introducing Nonprofit Bookkeeping and Accounting 7 Chapter 2: Starting with Basic Bookkeeping and Accounting 27 Chapter 3: Introducing Financial Statements 43 Chapter 4: Keeping Accurate Accounting Records 59 Part 2: Balancing Your Nonprofit's Books 75 Chapter 5: Setting Up the Chart of Accounts for Nonprofits 77 Chapter 6: Recording Accounting Transactions 89 Chapter 7: Keeping Tabs on Your Checking Account 101 Chapter 8: Starting with Manual Bookkeeping 117 Chapter 9: Advancing into Nonprofit Accounting Software 133 Chapter 10: Balancing Cash Flow with an Operating Budget 153 Part 3: Accounting for Nonprofit Situations 169 Chapter 11: Introducing Federal Grants 171 Chapter 12: Tracking and Accounting for Federal Dollars 187 Chapter 13: Staying in Nonprofit Compliance 209 Chapter 14: Preparing for an Audit 221 Chapter 15: Accounting for Payroll and Payroll Taxes 245 Chapter 16: Doing the Accounting for Tax Form 990 265 Part 4: Wrapping Up the Books 277 Chapter 17: Analyzing the Statement of Activities 279 Chapter 18: Reporting Financial Position 291 Chapter 19: Eyeing the Statement of Cash Flows 305 Chapter 20: Organizing the Statement of Functional Expense 315 Chapter 21: Closing the Nonprofit Books 325 Part 5: The Part of Tens 339 Chapter 22: Ten Important Things to Know When Keeping a Nonprofit's Books 341 Chapter 23: Ten Tips for Keeping Your Nonprofit Viable 349 Index 355