By Sharon Farris
Your hands-on consultant to retaining nice files and maintaining your nonprofit operating smoothly
Need to get your nonprofit books so as? This sensible consultant has every little thing you want to understand to function your nonprofit in line with ordinarily permitted accounting rules (GAAP) — from documenting transactions and budgeting to submitting taxes, getting ready monetary statements, and lots more and plenty extra. you will see how one can remain equipped, retain documents, and be ready for an audit.
- Begin with the fundamentals — comprehend universal monetary phrases, opt for your accounting tools, and paintings with monetary statements
Balance your nonprofit books — organize a chart of debts, list transactions, plan your price range, and stability you money flow
Get the 4-1-1 on federal offers — locate provides and observe for them, music and account for federal cash, and get ready for a furnish audit
Stay in stable status with Uncle Sam — organize payroll debts for workers, calculate taxes and deductions, and entire tax forms
Close out your books — organize the mandatory monetary statements, understand which money owed to shut, and get ready for the following accounting cycle
Know what to do should you get audited — shape an inner audit committee, persist with IRS principles of engagement, and continue an immaculate paper trail
Open the publication and find:
- The distinction among bookkeeping and accounting
How to keep up a handbook or computing device record-keeping system
Ten important issues to understand whilst protecting the books
Do's and don'ts of coping with federal supply money
How to organize for an audit of your monetary statements
IRS shape 990 solid practices
The commonest blunders chanced on in the course of nonprofit audits
How to determine worker payroll deductions and taxes
Read Online or Download Nonprofit Bookkeeping and Accounting For Dummies PDF
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