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Learn More »Your hands-on guide to keeping great records and keeping your nonprofit running smoothly
Need to get your nonprofit books in order? This practical guide has everything you need to know to operate your nonprofit according to generally accepted accounting principles (GAAP) - from documenting transactions and budgeting to filing taxes, preparing financial statements, and much more. You'll see how to stay organized, keep records, and be prepared for an audit.
Balance your nonprofit books - set up a chart of accounts, record transactions, plan your budget, and balance your cash flow
Get the 4-1-1 on federal grants - find grants and apply for them, track and account for federal dollars, and prepare for a grant audit
Stay in good standing with Uncle Sam - set up payroll accounts for employees, calculate taxes and deductions, and complete tax forms
Close out your books - prepare the necessary financial statements, know which accounts to close, and prepare for the next accounting cycle
Know what to do if you get audited - form an internal audit committee, follow IRS rules of engagement, and keep an immaculate paper trail
Open the book and find:
How to maintain a manual or computer record-keeping system
Ten vital things to know when keeping the books
Do's and don'ts of managing federal grant money
How to prepare for an audit of your financial statements
IRS Form 990 good practices
The most common errors found during nonprofit audits
How to figure out employee payroll deductions and taxes
