The ABCs of Not-For-Profit Accounting and Financial/990 Reporting

""As one who serves the nonprofit sector, I find it imperative to leverage resources that bring value to my clients. It is rare that I come across a resource like this book, able to offer a concise, clearly articulated view and provide a deep understanding of the essential, often complex, topic of Not-for-Profit accounting. This step-by-step guide deserves a spot on the bookshelf of every financial professional in the sector and anyone who serves on a nonprofit board."" - Roger M. Matloff, CAP®, CIMA®, CRPC®, Managing Director-Wealth Management Advisor, Global Institutional Consulting, Merrill Lynch, Pierce, Fenner & Smith, Inc. ""The ABC's of Not-for Profit Accounting & Financial/990 Reporting expertly blends theory and practice and draws upon Larry Scot’s decades of experience in supporting his clients, students, and practitioners as they solve real-world problems. Scot’s masterful guidance makes the book relevant and compelling for all professionals within the not-for-profit ecosystem including a bookkeeper just starting out, a CFO designing internal controls, a Board establishing roles and responsibilities, or the visionary forming an organization to change the world. - Vik Gupta, Partnership for Financial Excellence ""Running a not-for-profit organization of any size is complex, and this book distills one of the most complex tasks -- accounting -- into digestible, practical, and actionable information that accountants, fiscal officers, bookkeepers, board members, and mission-driven individuals can use to make informed decisions. Those informed decisions support the long-term health of any organization, while keeping it compliant and focused on the mission. It's a must-read for anyone in the not-for-profit space."" - Elaine Grogan Luttrull, Founder, Minerva Financial Arts ""Laurence Scot's book is a beacon of clarity for the not-for-profit industry. Its simplicity and practical guidance make it an invaluable resource for anyone involved in not-for-profits. Whether you're a newcomer or a seasoned professional, this book offers essential insights, and provides clear and direct instruction that will greatly benefit your organization. A must-read, must-have resource!"" - Christina Rivera, Director of Finance & Operations, IMMSchools “The ABC’s of Not-for-Profit Accounting and Financial/990 Reporting provides a wonderfully comprehensive roadmap for all those interested in forming and understanding the nuances of the Not-for-Profit Organization. In simple to follow language covering the most up-to-date accounting and tax requirements and rules, the book serves as a handy reference tool for the NPO accountant and enthusiast. As an instructor and fellow practitioner, Larry Scot’s passion and expertise in the field is clearly evident.” - Dr. Louis P. D'Elia, CPA, Chair, Department of Accounting and Business Law, Assistant Professor, Dept. of Accounting and Business Law, and Director, MS Program and Combined BS/MS Program in Accounting, Saint Francis College ""Thank you again - Laurence Scot - for giving us another how to and reference book that is clear, concise and very helpful. The ever-evolving rules for NFP accounting and financial reporting can be complex and time-consuming to keep up with. The ABC’s for Not for Profit Accounting… is a great help (and time saver) in this regard. As with Mr. Scot’s previous book The Simplified Guide… I know that I will refer to The ABC’s time and time again. It’s a must have resource for new and seasoned board members, ED’s and finance directors/managers working or volunteering in the NFP world."" - Karen Johnson, KEJ Consulting Services, Inc. ""The NFP industry is loaded with information about the importance of programs & funding, but precious little is said about the proper accounting for it all. Until now. Larry Scot writes a direct, clear guide on nonprofit accounting and reporting. Whether you are a financial executive or not, I highly recommend that you get this book. A great resource for the whole organization."" - Mary De RosaDirector of Finance and Operations, AIANY | Center for Architecture ""Larry's book is an invaluable resource for anyone who plays a role in nonprofit financial operations. People at all skill and experience levels, from boards to new staff, will learn something valuable by reading it. Nonprofits are complicated, and this book makes them easier to navigate!"" - Howie Stanger, Founder & Director, Pocketbook Strategies ""At last! This is the book those of us who work with NFPs have been waiting for. While Larry’s courses and “Simplified” kept us going, the changes in accounting and reporting rules over the last decade have made an update to the earlier work an imperative. The text and examples are clear and helpful, and the author has kept the essential framework of the earlier book intact. But this is more than just an update. It will be the new bible for us for years to come."" - Ted Gerbracht, MBA, Ph.D., Volunteer NFP board treasurer and investment portfolio trustee ""Laurence Scot's new book, The ABCs of Not-for-Profit Accounting... is an essential asset for any not-for-profit organization, old or new. It provides essential instructions and background from A to Z about all aspects of bookkeeping and accounting, tailored specifically for non-profits. Starting from registering your organization and obtaining a tax exemption status, through reporting, budgeting, and annual IRS reports. It is a valuable resource based on years of knowledge and experience in the industry that is highly recommended for anyone who's establishing or running a non-profit organization."" - Miki Golod, National Director, Ameinu Our People ""Larry’s book on the ABCs for Not-For-Profit entities equips in simple language any entrepreneurial founder interested in creating and running an NFP with the tools needed to succeed. I cannot count anymore how many friends and colleagues have asked me, “How do I create a nonprofit organization?” I have a book I feel comfortable recommending to them to read and use as a guide for their venture to flourish.” - Dr. Edgar Zavala, Director of Advanced Placement Summer Institute & NC Programs, Manhattan University