Bookkeeping Basics (Paperback)

Debra L. Ruegg

ISBN 10: 0940069296 / ISBN 13: 9780940069299

Published by Turner Publishing Company, 2003

About this Item

Paperback. No trained bookkeeper on staff? No problem. Many nonprofits don't have a trained bookkeeper on staff. This crucial function goes to whoever has the time and the willingness to do it. Lack of accounting training or background is not only frustrating for the individual, but also potentially risky for the nonprofit. Bookkeeping Basics will enable you to successfully meet the basic bookkeeping requirements of your organization. It gives you the knowledge and skills to track the financial activity of your nonprofit in a way that brings order out of chaos, safeguards the organization's assets, and provides useful information for making sound decisions. Clearly defines what you most need to know In plain language, the book explains concepts and processes you most need to know, including: single- versus double-entry bookkeeping; cash versus accrual basis accounting; posting financial transactions; keeping a "paper trail" of source documents; preparing a trial balance; creating financial statements; establishing internal controls; preparing for your annual audit; and closing out your fiscal year. Step-by-step instructions, clear definitions of terms, and detailed examples help you put concepts into actions. Reproducible forms include an accounts payable register, accounts receivable register, accounts receivable register, general ledger, financial summary form, grant tracking form, internal controls activity flow chart, and an audit preparation checklist. Bottom line: If you're the bookkeeper for your nonprofitby choice or defaultthis book is for you! Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.

Seller Inventory # 9780940069299

Bibliographic Details

• Title: Bookkeeping Basics (Paperback)
• Publisher: Turner Publishing Company
• Publication Date: 2003
• Language: English
• ISBN 10: 0940069296
• ISBN 13: 9780940069299
• Binding: Paperback
• Condition: new

About this title

Synopsis

No trained bookkeeper on staff? No problem. 

Many nonprofits don't have a trained bookkeeper on staff. This crucial function goes to whoever has the time and the willingness to do it. Lack of accounting training or background is not only frustrating for the individual, but also potentially risky for the nonprofit. Bookkeeping Basics will enable you to successfully meet the basic bookkeeping requirements of your organization. It gives you the knowledge and skills to track the financial activity of your nonprofit in a way that brings order out of chaos, safeguards the organization's assets, and provides useful information for making sound decisions. Clearly defines what you most need to know In plain language, the book explains concepts and processes you most need to know, including: single- versus double-entry bookkeeping; cash versus accrual basis accounting; posting financial transactions; keeping a "paper trail" of source documents; preparing a trial balance; creating financial statements; establishing internal controls; preparing for your annual audit; and closing out your fiscal year. Step-by-step instructions, clear definitions of terms, and detailed examples help you put concepts into actions. Reproducible forms include an accounts payable register, accounts receivable register, accounts receivable register, general ledger, financial summary form, grant tracking form, internal controls activity flow chart, and an audit preparation checklist. 

 Bottom line: If you're the bookkeeper for your nonprofit—by choice or default—this book is for you!

About the Author

Debra L. Ruegg is a principal and senior consultant with the LarsonAllen Public Service Group, a leading financial management consulting firm for nonprofits, foundations, and entrepreneurial government entities. She has worked extensively with local and national foundations and nonprofits on financial assessments, financial systems, internal operating systems, and organizational assessments and design. She is coauthor (with Susan Kenny Stevens) of Budgeting Your Way to Financial Stability.

Lisa M. Venkatrathnam is a freelance writer and owner of White Fence Communications. She previously served as a consultant at the LarsonAllen Public Service Group. She is coauthor of several books and numerous studies.