A solid understanding of basic accounting and finance is essential to an organization's success, yet many nonprofit managers do not have training in these areas. This practical guide to nonprofit financial management introduces and explains complex accounting and finance topics in an informal style. It includes a 3.5" IBM-compatible disk containing spreadsheet templates for financial reports, word-processing checklists and sample documents.
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Get the financial tools you need to make sound business decisions for your nonprofit organization
Nonprofit managers, let this book show you how to become a better consumer of financial information. To get the most out of the information your bookkeepers and accountants provide, you need to understand and interpret it correctly. Written by Thomas McLaughlin, a nonprofit management expert, it cuts through technical jargon and complex mathematical contortions to give you the nuts and bolts of nonprofit financial management as it happens in the real world. In a friendly, informal style, McLaughlin schools you in all the important terms and concepts, explains how to read and interpret financial reports, shows you how to analyze and control costs, provides practical tips for budgeting, and much more.
Clear, easy–to–follow explanations of financial management essentials, from balance sheets and cost analyses to budgeting and internal cost control
THOMAS A. McLAUGHLIN is a manager in the division of tax–exempt and governmental services of the accounting and consulting firm, BDO Seidman. Having served as director of several social service agencies, he has more than 20 years of nonprofit management experience. He is also an adjunct professor at the Boston University School of Social Work and the nonprofit columnist for the Boston Business Journal.
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