Saturday, January 14, 2012

Michael Wells provides a very valuable overview of nonprofit finance, accounting, and budgeting. While the book is written as part of a series for grant writers, it is also very applicable to others interested in the subject.   He presents very technical subjects in a way that clearly delineates financial reporting in relationship to management reporting and the differences between the two.  He provides extensive samples of financial statements with explanations, taking into account the differences based on the size of the nonprofit.  For grant writers the book has several additional sections of added value relating funders and grant management.