Need help with Nonprofit Accounting?Small nonprofits often have treasurers or bookkeepers with little (if any) accounting experience. As the person responsible for nonprofit accounting, you have to consider the public, the donors, the employees, and the legal ramifications. If you do not know where to start or are worried about getting in trouble with the IRS, fear not!With this unique, easy-to-read, detailed guide you will learn how to look after the whole financial well-being of&nbsp;your&nbsp;nonprofit organization. This isn’t some nonprofit accounting for dummies. Written specifically for nonaccountants, this book will empower YOU to take control of your charity’s finances!This book will show you how to:<ul><li>Activate safety measures to keep the cash and the assets safe&nbsp;while preventing theft and errors</li><li>Understand basic accounting standards and what makes nonprofit accounting different</li><li>Establish best practices for nonprofit accounting</li><li>Use a chart of accounts to monitor the flow of money</li><li>Maximize efficiency with accounting software such as Quickbooks</li><li>Follow the necessary steps to start a nonprofit</li><li>Receive, record, and acknowledge different types of donations and other contributions</li><li>Keep track of program revenue and activities</li><li>Detail fundraising events and nonprofit marketing expenses</li><li>Track grants&nbsp;and run donor reports</li><li>Record restricted revenue and costs</li><li>Keep track of your nonprofit general fund and the related transactions</li><li>Understand financial reports, including the Statement of Financial Position (balance sheet) and the Statement of Activities (Profit &amp; Loss)</li><li>Complete W-2s, 1099s, payroll, and reimbursements</li><li>Budget with the priorities of your&nbsp;nonprofit in mind</li><li>Use the included monthly and yearly bookkeeping checklists</li><li>Understand unrelated business income and how it could affect your&nbsp;nonprofit</li><li>Maintain your tax-exempt status by filing the proper nonprofit tax returns</li><li>Complete the Form 990 N, Form 990 EZ, and Form 990-Schedule A and Schedule B, with line by line instructions.This book provides real-life problems and solutions that nonprofits often face with their bookkeeping. Additional benefits include access to free online resources for your convenience. This book functions well not only as an introduction for beginners but also as a handy reference for the experienced bookkeeper.Whether you are tracking memberships for your social club or association or are involved with community grants, recording the activities and costs properly is crucial. The purpose of having solid accounting financial statements is to give your board the important information they need to achieve the nonprofit's purpose.You will rest easier knowing you are keeping donors happy, paying employees properly, tracking expenses for your programs, activities, and grants, and giving management the financial reports they need to run the organization.Lisa London is a CPA and top-selling author with decades of experience who has helped organizations reduce their accounting time dramatically. Her series The Accountant Beside You is written for&nbsp;organizations to understand the basics of nonprofit accounting and bookkeeping with step-by-step instructions, loads of illustrations, and no confusing jargon. With this book, you are never alone--you have The Accountant Beside You.</li></ul><div class="iframe-wrapper"><iframe src="https://www.youtube.com/embed/wi4lqDKYEAg" frameborder="0" allowfullscreen="true"></iframe></div>Using QuickBooks? Bundle to save $5 when you&nbsp;include&nbsp;QuickBooks Online for Nonprofits &amp; Churches&nbsp;or QuickBooks for Nonprofits &amp; Churches. Check the drop-down arrows under Bundle for options.Available in Paperback and e-Book versions.ISBN 9781945561153Pages 234Copyright 2020 Deep River Press, Inc.Author Lisa London, CPAISNI&nbsp;0000 0004 5059 7909You can find all our money-saving bundles for nonprofits&nbsp;by clicking here!&nbsp;Topics by Chapter1 . Proper Procedures &amp; Internal Accounting ControlsThe Need for Strong Internal ControlsGoverning Body's ResponsibilitySeparation of DutiesBasic Controls for Receiving Cash &amp; DonationsCash Out And Controls for Paying BillsSummary2 . What is Special About Nonprofit Accounting?Nonprofit Accounting TerminologyAccountingCash vs. Accrual Accounting MethodsChart of AccountsBasic BookkeepingNonprofit Reporting DifferencesSummary3 . How Do I Select an Accounting System?Time Vs. MoneySpreadsheetsOff-The-Shelf Accounting SoftwareOnline Nonprofit-Specific Accounting PackagesSummary4 . Administrative IssuesBasic Steps to Start a New Nonprofit OrganizationOrganization BylawsRecord RetentionSummary5 . Donations, Part I: Receiving and RecordingInternal Controls and Written PoliciesCounting Money Received In PersonMaking the DepositsRecording Donors’ ContributionsRecording Credit Card DonationsSummary6 . Donations, Part II: AcknowledgementCash ContributionsStock DonationsNoncash ContributionsDonated Labor/ServicesImpact of the TCJA (2017 Tax Law)Quid Pro Quo DonationsGifts of Autos, Boats, and AirplanesWhen You Do Not Need Disclosure StatementsSummary7 . Donations, Part III: Other TopicsGifts to Specific IndividualsDiscounts As DonationsChecks Written to Another CharitySummary8. Rules For Helping Local Families And IndividualsRequirementsTypes of Benevolence FundsDisbursement ProceduresWritten Benevolence Policy ExampleSummary9. Paying the BillsTerminologyApproving &amp; Paying the BillsScamsInsurance &amp; ContractsEntering DataAllocation of ExpensesBills Drafted Out of the Bank AccountCredit Card PaymentsPetty Cash ReplenishmentSummary10. Reimbursement Policies and ProceduresSetting Up a Reimbursement PolicyExample of a Reimbursement Policy ResolutionEmployee Business Expenses To IncludeExamples of Proper Reimbursement ItemsExamples of Improper Reimbursement ItemsStandard Mileage RatesReimbursing the ExpenseVolunteer MileageTimingAdvance PaymentsTicketless Airline ExpensesRamifications of Not Following the PolicyInability To Reimburse a Valid ExpenseSummary11 . Payroll, Part I: Basic StepsTerminologyForms &amp; PublicationsSetting Up the PayrollWages Vs. SalariesDetermining the Pay PeriodEmployee FormsEstablish Your Payroll RecordsSummary12 . Payroll, Part II: Calculating &amp; FilingWage Bracket MethodPercentage MethodState Tax WithholdingFICA—Social Security &amp; Medicare TaxesThe Employee's Payroll CheckPosting the Payroll ExpenseOther TaxesPayroll Tax DepositsPayroll Tax Filings With FormYear-End FilingsOrdering IRS FormsSummary13. Budgeting For Nonprofit OrganizationsThe Budget ProcessExample Budget SpreadsheetMonthly BudgetingForecastsCash Flow AnalysisSummary14 . Month-End Financial RequirementsMonthly Processes For Complete FinancialsBank ReconciliationInvestment Account ReconciliationsGenerate ReportsSummary15 . Year-EndForms W- 2 (Wages) and W- 3 (Taxes)Form 940 (Employer's Annual Federal Tax Return)Form 1099 (Independent Contractors)Form 1096 (Transmittal of U.S. Information Returns)Year-End Donor AcknowledgementsState FilingsOther IRS RequirementsAudit NeedsSummaryUnrelated Business Income Taxes (UBIT)What is Unrelated Business Income for a Nonprofit?“Trade or Business”“Regularly Conducted”“Not Substantially Related” To The MissionExcluded Trade/Business ActivitiesExamplesMiscellaneous Excluded Revenues990-T (Exempt Organization Business Income Tax)SummaryForm 990 (Annual Filings for Exempt Organizations)Types of 990s (Nonprofit Tax Returns)IRS Summary of Forms to FileCompleting Form 990-N (e-Postcard)Completing Form 990-EZ (Short Form Return)Schedule A (Public Charity Status &amp; Public Support)Schedule B (Schedule of Contributors)SummaryAppendixMonth-End Check ListSimplified UCOA (Unified Chart of Accounts)

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Learn just what you need to know to help your small nonprofit stay out of trouble with the IRS and give donors the information they need with CPA Lisa London.

Nonprofit Accounting for Volunteers, Treasurers, and Bookkeepers (Paperback)

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