Nonprofit Bookkeeping & Accounting For Dummies, 2nd Edition

Index

A

• abuse, in audit findings, 242
• accountability, federal grants and, 21
• Accountant Reports (ACCOUNTS), 151
• accounting. See also bookkeeping and accounting
  • for activities, 211
  • bookkeeping compared with, 9–10
  • choosing basis of, 90
  • for contract employees, 263–264
  • for Form 990, 265–275
  • fund, 35

• accounting and tax services account, 85
• accounting cycle
  • about, 93
  • adjusting entries, 96–97
  • correcting errors, 97–100
  • finding trial balance, 96
  • posting to general ledger, 94–96
  • recording journal entries, 93–94

• accounting logbooks, for manual systems, 118
• accounting methods
  • changes in, 334–335
  • selecting, 10–11, 33–35

• accounting software
  • about, 68, 133–134
  • ACCOUNTS, 69–70, 147–152
  • Aplos, 69, 142–147
  • choosing, 134–135
  • manual system compared with, 60–61
  • QuickBooks, 68–69, 135–142
  • spreadsheet programs, 63–68

• accounting standards
  • about, 213
  • FASB, 213–214
  • GAAP, 215–217
  • Sarbanes-Oxley Act, 217–220

• Accounting Standards Council (ASC)
  • about, 211
  • ASC 825-10-25-4, 285
  • ASC 958-205-05, Not-for-Profit Entities: Presentation of Financial Statements, 213–214
  • ASC 958-205-55, Not-for-Profit Entities: Implementation Guidance and Illustration, 214
  • ASC 958-360-35, Not-for-Profit Entities: Depreciation, 214
  • ASC 958-605-25-5A, Not-for-Profit Entities: Revenue Recognition - Contributions, 214
  • Topic 958, 11

• Accounting Standards Update (ASU), 84
• ACCOUNTS
  • about, 69–70, 147
  • creating financial reports, 151–152
  • pros and cons of, 147–148
  • recording income and expense, 148–150
  • tracking ...