John Wiley & Sons

Nonprofit Bookkeeping & Accounting For Dummies

John Wiley & Sons

Nonprofit Bookkeeping & Accounting For Dummies

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Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

2 weeks to complete
at 10 hours a week
Flexible schedule
Learn at your own pace
Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

2 weeks to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Understand nonprofit bookkeeping and accounting principles

  • Prepare financial statements and manage grants effectively

  • Set up payroll accounts and handle payroll taxes

Details to know

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Recently updated!

October 2026

Assessments

24 assignments

Taught in English

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There are 23 modules in this course

This module provides an overview of fundamental concepts in nonprofit bookkeeping and accounting, including financial reporting periods, accounting methods, compliance standards, grant management, and tax obligations. Learners will gain essential knowledge to manage nonprofit finances effectively and ensure regulatory compliance.

What's included

1 video6 readings1 assignment

This module introduces learners to the fundamentals of bookkeeping and accounting, focusing on key terms, methods, and internal controls. It covers how to choose the right accounting method, manage assets, and implement safeguards to protect organizational resources. By the end, learners will have a solid foundation in nonprofit financial management.

What's included

1 video5 readings1 assignment

This module explores the fundamental role of financial statements in nonprofit organizations, focusing on their use in decision-making, financial planning, and accountability. Learners will gain an understanding of key financial documents and how they support organizational transparency and strategic planning.

What's included

1 video5 readings1 assignment

This module equips learners with essential knowledge and skills for maintaining accurate accounting records in nonprofit organizations. It covers both manual and digital recordkeeping methods, including system implementation, software evaluation, and security practices. Learners will gain practical insights into transitioning from manual to digital systems and securing financial data.

What's included

1 video6 readings1 assignment

This module provides an in-depth look at the setup and function of a chart of accounts for nonprofit organizations. Learners will gain an understanding of how to structure and label financial accounts, including liabilities and revenue, for accurate financial tracking and reporting.

What's included

1 video3 readings1 assignment

This module introduces the foundational principles of accounting transactions, including how to record and adjust entries, use debits and credits, and prepare a trial balance. Learners will gain practical skills in maintaining accurate financial records for nonprofit organizations.

What's included

1 video3 readings1 assignment

This module teaches learners how to effectively track and manage nonprofit financial transactions using a checkbook register. It covers recording donations, entering expenses, and understanding the importance of balancing accounts to maintain financial accuracy and prevent errors.

What's included

1 video6 readings1 assignment

This module introduces learners to the fundamentals of manual nonprofit bookkeeping, including the use of spreadsheet templates, journal entry analysis, and the process of closing accounts to track net assets. It equips learners with practical skills to manage financial records accurately and transparently without external accounting support.

What's included

1 video4 readings1 assignment

This module explores the transition from manual accounting practices to using specialized nonprofit accounting software. Learners will gain an understanding of fund accounting, donation tracking, and financial reporting in tools like QuickBooks and Aplos. It also covers the setup and customization of these platforms for nonprofit organizations.

What's included

1 video5 readings1 assignment

This module covers the essential steps for creating and managing an operating budget for nonprofits. Learners will gain skills in setting financial goals, organizing resources, and communicating budget plans effectively. The content emphasizes strategic planning and financial responsibility to support long-term organizational stability.

What's included

1 video6 readings1 assignment

This module provides an in-depth look at federal grant processes, including how to find and apply for grants, manage funds effectively, and meet audit and compliance requirements. Learners will gain practical knowledge on navigating federal funding opportunities and ensuring nonprofit accountability. It equips professionals with the tools to manage grants responsibly and avoid common pitfalls.

What's included

1 video5 readings1 assignment

This module provides a comprehensive overview of managing federal grants, including tracking funds, understanding obligations, making budget adjustments, and preparing required financial reports. Learners will gain practical knowledge on how to comply with federal regulations and maintain proper accounting practices throughout the grant lifecycle.

What's included

1 video7 readings1 assignment

This module covers essential strategies for maintaining nonprofit compliance with IRS and state regulations, including understanding financial reporting standards like GAAP and analyzing the impact of the Sarbanes-Oxley Act on nonprofit operations. Learners will gain practical knowledge on adhering to legal requirements and managing financial accountability.

What's included

1 video4 readings1 assignment

This module provides a comprehensive overview of audit processes, including the types of audits, roles of internal and external auditors, and the steps involved in preparing for and responding to audits. Learners will gain practical knowledge on managing audit expectations, tracking grant expenses, and implementing internal controls to ensure compliance.

What's included

1 video10 readings1 assignment

This module covers the essential processes of managing payroll for nonprofits, including understanding payroll tax obligations, calculating FICA and federal tax deductions, and correctly filing key forms like 941 and W-2. Learners will gain practical skills in managing payroll systems, handling overtime and cash advances, and ensuring compliance with IRS requirements throughout the year.

What's included

1 video7 readings1 assignment

This module provides an in-depth understanding of IRS Form 990 and its various versions, helping learners identify which form applies to their nonprofit organization, understand filing requirements, and avoid common mistakes that could lead to penalties.

What's included

1 video4 readings1 assignment

This module equips learners with the skills to analyze a nonprofit's statement of activities, identify financial risks, and understand how to classify and interpret expenses and revenues. It also covers techniques for comparing financial data over time and against other organizations to support informed decision-making.

What's included

1 video4 readings1 assignment

This module explores the statement of financial position, focusing on how to classify assets and liabilities, interpret financial health through key ratios, and use this information to evaluate a nonprofit's financial standing.

What's included

1 video4 readings1 assignment

This module teaches how to interpret and analyze the statement of cash flows, a critical financial tool for assessing an organization's liquidity and financial stability. It covers the structure, purpose, and practical applications of cash flow statements, particularly for nonprofits. Learners will gain the ability to evaluate an organization's financial health through cash flow indicators.

What's included

1 video3 readings1 assignment

This module covers the classification of nonprofit expenses by function and nature, the calculation of program spending ratios, and the use of the Statement of Functional Expense to assess financial efficiency. Learners will gain the skills to analyze and interpret financial data to support better decision-making in nonprofit organizations.

What's included

1 video3 readings1 assignment

This module covers the essential steps in closing a nonprofit's accounting period, including adjusting and reversing entries, preparing financial statements, and finalizing notes to financial disclosures. Learners will gain practical skills in managing financial records and ensuring compliance with accounting standards.

What's included

1 video4 readings1 assignment

This module covers essential accounting practices for nonprofits, including GAAP compliance, documentation, and staying within IRS guidelines. Learners will gain skills in maintaining financial transparency, tracking donor interactions, and ensuring legal compliance in nonprofit operations.

What's included

1 video3 readings1 assignment

This module explores key strategies for maintaining financial accountability, developing effective fundraising techniques, and ensuring transparency to build donor trust and long-term viability for nonprofits.

What's included

1 video2 readings2 assignments

Instructor

Wiley Skills Network
John Wiley & Sons
246 Courses29,439 learners

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