Nonprofit Finance: The field guide for financial operations of ministries, schools, and other public charities

Product description
Imagine driving on a highway where no lines separate the lanes, or guardrails to guide you along winding roads with steep edges, and without caution, mile marker, or traffic signs of any kind. Unsettling right? Well, this is the analogy author/CPA, Michael Batts gives to describe the importance of financial administration in guiding your nonprofit organization.
While having a clear purpose for your nonprofit is essential, it is also vital to establish integrity within your finances to provide the stability and longevity needed to run a healthy organization. This also helps avoid consequences that can impair the credibility of your organization’s message or impede its ability to carry out its mission effectively. Nonprofit Finance: The Field Guide for Financial Operations of Ministries, Schools, and Other Public Charities, is a resource tailored to fit this exact need.
By exploring this book, your nonprofit organization will learn how to navigate the following:
Budget for your mission and purpose Create practical and effective financial reports for decision-makers Understand and properly administer nontraditional gifts Properly establish compensation for your leaders and staff Manage the liquidity and financial position of your ministry Maintain sound internal controls Enhance accountability Understand the fundamentals of federal tax law for ministries Employ ministry-wide risk management and more