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Debra L. Ruegg

Bookkeeping Basics: What Every Nonprofit Bookkeeper Needs to Know Paperback – March 15, 2003

by Debra L. Ruegg (Author), Lisa M. Venkatrathnam (Author)

52 ratings

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Bookkeeping Basics 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!

Print length

128 pages
Language

English
Publisher

Amherst H. Wilder Foundation
Publication date

March 15, 2003
Dimensions

8.4 x 0.4 x 10.9 inches
ISBN-10

0940069296
ISBN-13

978-0940069299
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Editorial Reviews

Review

"Bookkeeping Basics is a must have. Its essential for synchronizing the efforts of all of your staff members." -- Dawn Scranton, Administrator, Accounting Directors Inc., West Palm Beach, FL

"Short, concise, and not intimidating, with many reproducible forms. The internal control sections are wonderful." -- Gloria Nedved, CEO, Ripple Creek Business Solutions, Inc., Denver, CO

"The step-by-step approach combined with the tips , sample forms, and the audit preparation checklist are of tremendous value." -- William K. Flowers, CPA, Financial Consultant, Nonprofit Financial Center, Chicago, IL

"The step-by-step flow of information in this books answers the what, when, why, and how questions non-accountants have about bookkeeping." -- Anita Moreno-Navarro, Office Manager, Texas Nonprofit Network, San Antonio, TX

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.

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Product details

Publisher ‏ : ‎ Amherst H. Wilder Foundation (March 15, 2003)
Language ‏ : ‎ English
Paperback ‏ : ‎ 128 pages
ISBN-10 ‏ : ‎ 0940069296
ISBN-13 ‏ : ‎ 978-0940069299
Item Weight ‏ : ‎ 15.2 ounces
Dimensions ‏ : ‎ 8.4 x 0.4 x 10.9 inches

Best Sellers Rank: #716,927 in Books (See Top 100 in Books)
- #548 in Nonprofit Organizations & Charities (Books)
- #626 in Small Business Bookkeeping (Books)

Customer Reviews:
52 ratings

Customer reviews

5 star		65%
4 star		14%
3 star		12%
2 star		4%
1 star		4%

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Top reviews from the United States

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JRME

Helpful

Reviewed in the United States on December 9, 2018

Verified Purchase

I read in a weekend and felt a much better grasp of the accounting terms I keep hearing in meetings at my new job.

Helpful

Gravelle Pyle

Good, but left me wanting more

Reviewed in the United States on May 18, 2015

Verified Purchase

Starting with little knowledge of bookkeeping, I learned from this book that much of what I thought I knew was wrong. It is a good book and has helped me a lot, but when I finished, I still had more questions than answers. In particular, I would have liked more information about how to begin and end an accounting period.

3 people found this helpful

Helpful

LAB

Excellent Resource for Beginners & Small Non-Profits

Reviewed in the United States on September 23, 2013

Verified Purchase

This is a great resource for people who do not have any background in bookkeeping or accounting. I did take two accounting classes in college about 10 years ago but they had pretty much nothing to do with bookkeeping or non-profits. What this book has that others don't is very specific instructions for going from source documents to making journal entries to posting to the General Ledger. Basic stuff that is incredibly confusing if you don't know how to do it-and ridiculously simple once you do.

7 people found this helpful

Helpful

Yolanda Harris

Lots of valuable information!!

Reviewed in the United States on September 4, 2020

Verified Purchase

Very Informative!! Great read!!

Helpful

Saunya

Good introduction to NFP accounting concepts

Reviewed in the United States on December 29, 2014

Verified Purchase

I read this as a refresher of bookkeeping for a small non-profit organization. I picked up some good tips on reporting and budgeting. The details of accounting will have to be gleaned from another source, especially when there is an error in the records that isn't obvious. Overall, I found this book helpful.

3 people found this helpful

Helpful

S. Buchanan

Fantastic overview at just the right level of depth for ...

Reviewed in the United States on June 10, 2018

Verified Purchase

Fantastic overview at just the right level of depth for somebody who understands personal finance but is new to non-profit bookkeeping.

Helpful

K. Waite

Clear, Concise, Practical, and Enlightening!

Reviewed in the United States on January 31, 2010

Verified Purchase

This book lays out definitions for all the common terms and presents bookkeeping basics in a clear, concise, and practical way that is easy to understand. Concepts are broken down into smaller parts and grouped together so that you can see their relation and develop a sense of "the big picture" and how it all fits together. Using this book, I was able to get a quick handle on my new responsibilities and know what my next steps are. Thanks for the help and the clear and thorough examples!

Helpful

mrspbn

Four Stars

Reviewed in the United States on January 14, 2017

Verified Purchase

Good resource.

Helpful

Top reviews from other countries

Gonzo

Rubbish

Reviewed in the United Kingdom on March 27, 2013

Verified Purchase

I wanted something that told me how to do things. It was full of stuff telling me what to do. No help at all. Very disappointed.

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