October 2020
Beginner
400 pages
9h 48m
English
Content preview from Bookkeeping for Dummies, 3rd Edition
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Chapter 19
Ten Tips for Not-for-Profit Organisations
IN THIS CHAPTER
Being a budget dragon and keeping the organisation on track
Blinding the board of directors with your brilliance
Delivering grant acquittals that ensure you get another round
Surviving an audit in flying style
Doing the right thing with other people’s money
Not-for-profit organisations provide some of the most complex bookkeeping environments ever. Even if an organisation is relatively modest in size, the bookkeeper often has to cope with convoluted cost centre reporting, intricate budgets, rigorous monthly reporting, meticulous audits and much more.
The difficulty is compounded by the fact that not-for-profit organisations are usually run on the smell of an oily rag. As a bookkeeper, you’re often paid a relatively low wage, and given surprisingly few hours to do an overwhelming amount of work. And, even if you lack the skills to understand all aspects of your job, there’s usually nobody else in the organisation ...
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