For Nonprofits: Simple Internal Controls That Protect Assets: Perfect For Small and Medium Organizations

Small and medium sized non-profits generally lack adequate internal controls, and therefore struggle to safeguard their organization’s assets. Fortunately this does not have to be the case! This book will show you how a little creativity and time-investment can lead to secure assets and reliable financial statements. You’ll learn simple internal control procedures for cash receipts, cash disbursements, asset management, financial record keeping and payroll; and I’ll also provide you with warning signs of fraudulent activity within each of these accounting cycles. In addition, you’ll learn the value of separating duties within vital phases of an accounting cycle, and you’ll receive step-by-step examples/scenarios of how duties can be separated amongst staff and/or board members. Ultimately, if you apply the simple control procedures outlined in this book, you’ll have reasonable assurance that your nonprofit’s assets are adequately safeguarded, and financial transactions are accurate and reliable.