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

Praise for THE SIMPLIFIED GUIDE TO NOT-FOR-PROFIT ACCOUNTING, FORMATION & REPORTING

“There are numerous publications about the NFP industry, but not many that give a good fundamental understanding of the accounting principles. The material in this book will be of great help to new employees as well as a good commonsense reference for those with experience. It clearly explains some of the more difficult accounting concepts particular to Not-for-Profits.”
—Richard Tierney, Director of Finance, North Shore Animal League America

“This book is a concise, complete review of the fundamentals of Not-for-Profit accounting and governance. Every topic is covered with a directness and honesty that builds confidence in those who need to learn how to do their jobs well. This is just what we need in today’s choppy Not-for-Profit waters.”
—Rev. Luke L. Travers, OSB, Business Officer, Delbarton School/St. Mary’s Abbey

“Larry Scot’s book is a clearly written step-by-step guide on how to set up and maintain accounting records. Every Not-for-Profit financial executive should have this book on their shelf for reference. I highly recommend this book.”
—Gail Rizick, CPA/ABV/CFF, CVA, Cr.FA, ASA

YOUR A-TO-Z GUIDE TO NOT-FOR-PROFIT FORMATION, ACCOUNTING, AND REPORTING

If you need basic, easy-to-understand information on how Not-for-Profit organizations are formed, how they’re structured, and the unique accounting and reporting issues they face, The Simplified Guide to Not-for-Profit Accounting, Formation, and Reporting is the only resource you need.

This comprehensive guide provides you with expert advice on how to maintain the financial “books” of a typical Not-for-Profit entity and what is needed to comply with most reporting requirements. Plus, it lays out what a Not-for-Profit organization is, the rules it must follow, the role and responsibilities of its board of directors, and the various regulatory agencies that Not-for-Profits must report to.

Straightforward and hands-on, this effective reference will help you navigate through all of the key accounting and reporting issues unique to the Not-for-Profit world, including:

• Step-by-step instructions for forming a Not-for-Profit
• Not-for-Profit internal controls and financial statements
• Developing a “chart of accounts” and operating budgets
• Not-for-Profit accounting rules and GAAP
• Everything you need to know about the new Form 990
• Accounting for unrestricted and restricted contributions, grants, and other revenue
• Plus much more!

Whether you are performing accounting functions, responsible for financial management, or simply want to understand Not-for-Profit accounting, operations, and reporting, The Simplified Guide to Not-for-Profit Accounting, Formation, and Reporting is a great and handy book to have around for easy reference.

Praise for THE SIMPLIFIED GUIDE TO NOT-FOR-PROFIT ACCOUNTING, FORMATION & REPORTING

“There are numerous publications about the NFP industry, but not many that give a good fundamental understanding of the accounting principles. The material in this book will be of great help to new employees as well as a good commonsense reference for those with experience. It clearly explains some of the more difficult accounting concepts particular to Not-for-Profits.”
Richard Tierney, Director of Finance, North Shore Animal League America

“This book is a concise, complete review of the fundamentals of Not-for-Profit accounting and governance. Every topic is covered with a directness and honesty that builds confidence in those who need to learn how to do their jobs well. This is just what we need in today’s choppy Not-for-Profit waters.”
Rev. Luke L. Travers, OSB, Business Officer, Delbarton School/St. Mary’s Abbey

“Larry Scot’s book is a clearly written step-by-step guide on how to set up and maintain accounting records. Every Not-for-Profit financial executive should have this book on their shelf for reference. I highly recommend this book.”
Gail Rizick, CPA/ABV/CFF, CVA, Cr.FA, ASA

YOUR A-TO-Z GUIDE TO NOT-FOR-PROFIT FORMATION, ACCOUNTING, AND REPORTING

If you need basic, easy-to-understand information on how Not-for-Profit organizations are formed, how they’re structured, and the unique accounting and reporting issues they face, The Simplified Guide to Not-for-Profit Accounting, Formation, and Reporting is the only resource you need.

This comprehensive guide provides you with expert advice on how to maintain the financial “books” of a typical Not-for-Profit entity and what is needed to comply with most reporting requirements. Plus, it lays out what a Not-for-Profit organization is, the rules it must follow, the role and responsibilities of its board of directors, and the various regulatory agencies that Not-for-Profits must report to.

Straightforward and hands-on, this effective reference will help you navigate through all of the key accounting and reporting issues unique to the Not-for-Profit world, including:

• Step-by-step instructions for forming a Not-for-Profit
• Not-for-Profit internal controls and financial statements
• Developing a “chart of accounts” and operating budgets
• Not-for-Profit accounting rules and GAAP
• Everything you need to know about the new Form 990
• Accounting for unrestricted and restricted contributions, grants, and other revenue
• Plus much more!

Whether you are performing accounting functions, responsible for financial management, or simply want to understand Not-for-Profit accounting, operations, and reporting, The Simplified Guide to Not-for-Profit Accounting, Formation, and Reporting is a great and handy book to have around for easy reference.