The Simplified Guide to Not-For-Profit Accounting, Formation, and Reporting

by Laurence Scot

A complete and easy to understand guide to the fundamentals of how not-for-profit organizations are formed and run, as well as their structure and the unique accounting and reporting issues they face.Providing you with a comprehensive understanding of how to maintain the "books" of a typical nonprofit entity and comply with numerous reporting requirements, "The Simplified Guide to Not-for-Profit Accounting, Formation & Reporting" equips you with everything you need to know to form a Not-For-Profit, setup an accounting system, record financial transactions and report to donors and regulatory bodies.Topics Step-by-step guide to forming a Not-For-Profit and applying for tax exemptionBecoming familiar with unique Not-For-Profit accounting rules such as classifying contributions/grants and recording restrictions, allocation of expenses to programs and supporting services and investment classification and reportingBudget development, payroll processing and accounting for personnel costsShows how to prepare and understand required Not-For-Profit financial statement and their componentsProvides you with a broad understanding of the numerous filing requirement required by donors, grantors and government regulatory agenciesPractical and comprehensive in scope, "The Simplified Guide to Not-for-Profit Accounting, Formation & Reporting" offers a wealth of practical information to accountants and non-accountants alike for understanding Not-For-Profit financial transactions, financial statements and the many internal and external reports they must prepare.

288 pages, Kindle Edition

First published April 29, 2010