Nonprofit Bookkeeping and Accounting For Dummies
Contents:
Nonprofit Management Darian Rodriguez Heyman. Nonprofit Accounting Steven M Bragg. Management and Cost Accounting Colin Drury.
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Table of contents Introduction. Accounting and Bookkeeping Nonprofit Style. Starting with Basic Bookkeeping and Accounting. Using a Manual System or Computer System. Balancing Your Nonprofit Books. Setting up the Chart of Accounts for Nonprofits. Recording Transactions and Journal Entries. Creating an Operating Budget. The author then shows you how to post to the ledger.
At this point, the author seems to run out of steam. She never shows you how to do the other steps! No idea on how to post to the trial balance or adjusting entries. Then the author does NOT show you how to go from the trial balance to the financial statements! When Chapter 6 ended and the author started talking about balancing your checkbook and grants I was very angry!! Don't tell us to keep the end in mind and then not show us how to get there! It seriously felt like something was left out. The author has a love affair with grants. Not how to do the accounting for grants, but how to obtain grants.
If I wanted a book about how to obtain grants, then I would have ordered one! This book probably has more information in it about grants than it does about accounting. One final, glaring error: The author briefly mentions unrestricted, temporarily restricted, and permanently restricted funds! All nonprofits are required to have these funds in their financial statements. The author seems almost oblivious to the matter. She does mention that they are necessary but she never shows any examples of journal entries using temporary or permanently restricted transactions. In short, if you just want a gentle introduction to nonprofit accounting, then this might be a good book for you.
If you actually need to do some nonprofit accounting make journal entries, post to the ledger, create a trial balance, generate financial statements in accordance with generally accepted accounting principles then this book will not get you there. I still haven't found a book that takes a nonprofit from journal entry to financial statements.
This book was promising, but ultimately petered out in the end.
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The entire book is a cheerleading book to get money from the government. I had no experience with a nonprofit or business bookkeeping and the book did not help me at all!
Nonprofit Bookkeeping and Accounting For Dummies [Sharon Farris] on Amazon. com. *FREE* shipping on qualifying offers. Your hands-on guide to keeping. Editorial Reviews. About the Author. Sharon Farris has been involved in the grants industry for more than ten years. She is the president of Farris Accounting .
Had some common sense statements that anyone might already guess themselves but had no useful technical information. It is a waste of trees. I needed more help, though. This helped explain the laws regarding nonprofit accounting,etc. I was in need of more direction, and QuickBooks for Churches helped me a lot more than this book. But, this book really is more general,and I was starting from ground zero.
Nonprofit Bookkeeping and Accounting For Dummies: Sharon Farris: donnsboatshop.com: Books
This book is useful for all different types of accounting software. Very easy to follow, good explanations and examples. I think I can actually use the Quickbooks software now that I understand the basic principles of accounting. As a non-profit with a very lean staff, this info lets us do more with less. Mostly about grants and keeping track of a bunch of grant related stuff so you are ready for an audit.
I work for a church. Not as helpful for me. Maybe there was a church accounting for dummies that I missed I am giving it three stars because it does no explain how some of the fundraising accounts it suggestion you set up in your non-profit company.
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It also does not explain some of the information put on some of the financial statements. If you are not already familiar with bookkeeping and accounting you might be a little lost when reading some of the information.
Nonprofit Bookkeeping and Accounting For Dummies is an easy to read book that is very helpful to a person wishing to start a nonprofit organization. Each chapter builds upon the next chapter; in essence, it repeats the important hi-lights from the previous chapter. This book explains the terminology in laymen's terms, which makes it easy to understand the material. I would highly recommend this book as well as any book within the series For Dummies. Now I understand monthly statements. This is my first exposure to accounting.
Nonprofit Bookkeeping and Accounting For Dummies
The book is equipping me to talk with accountants. I have been on boards of non-profits. Now I am understanding the monthly reports much better. See all 71 reviews.
Recording Transactions and Journal Entries. If you are not already familiar with bookkeeping and accounting you might be a little lost when reading some of the information. Nonprofit Kit For Dummies. A Tale of Two School Principals. We use cookies to give you the best possible experience. Norton rated it liked it Oct 06, She never shows you how to do the other steps!
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