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Managing Nonprofit
Managing Nonprofit
Guidebook for not-for-profit institutions (NGOs)
Third Edition
Author: Sameer Narayan
Managing Nonprofit is a well organized, fundamental guidebook which should prove useful to those who consider becoming a social entrepreneur, those who presently work in that environment whether paid staff, board members, volunteers or those who wish to produce a training program for nonprofit management. It can be used as main book in course for nonprofit management as well as supplementary book for management education institutions. Author is Chartered Accountant and entrepreneur. Author has significant experience in academics, fund mobilization and program implementation for NGOs.
Managing Nonprofit presents key issues affecting nonprofit industry and could help you and your organization thrive in today’s rapidly changing and competitive environment. Following are the chapters’ information:
Financial Accounting: It elaborates procedures to maintain accounting system manually and computerized both. Subjects are: definition of accounting, accounting system & accounting cycle, rules for writing journal, analyzing & recording financial transactions in journal, enhancing grip towards double entry, preparing ledger accounts & double column cash book manually, understanding how to create account & make voucher entry in Tally accounting package, understanding what is debit/credit & what is debit balance/credit balance, preparing trial balance and making corrections & adjustments for outstanding/advances, understanding what bank passbook says & preparing bank reconciliation statement in affirmation with cash book, understanding capital/revenue receipts/payments & depreciation, preparing income & expenditure a/c, balance sheet & receipt & payment account and ratio analysis of financial accounting statements.
Bookkeeping is an important facet of financial accounting, hence this topic is studied in detail with numerous examples to deal with expenses, incomes, assets and liabilities. Readers from non-commerce background, who do not have previous knowledge of accounts (quite common among NGO communities), can understand the subject matter well to develop a feel of monetary language of their NGO.
Audited Income Expenditure Account & Balance Sheet and Activity Reports are important documents that funding agencies uses to assess how you have managed and to what extent you have fulfilled your objectives during past period. Given present circumstances how you are prepared to meet future objectives associated with grant. To avoid haphazard & fictitious disclosures Chart of Accounts is studied in detail. It discusses and describes sample proforma of Balance Sheet and Income & Expenditure A/c. It can help you to create functional categories i.e. arrangement of accounts with functional grouping and with adherence to accounting standard. Assigning unique code number for each account is also discussed. It will help you to allot different code number to your each file. Separate file for each account is essential to bind all related supporting evidence, which can be asked during audit and/or inspection.
Daily Office Management: It elaborates how to write payment voucher, money receipt, memo, invoice, and to maintain various functional registers e.g. grant/donation register, subscription register, annual/life member register, attendance register, job card, sale register, purchase register, sale return register, purchase return register, format of debit/credit note, stock book, cheque issued register, office dispatch register, order send/received register, salary/wages register, fixed asset register, etc. These topics are of practical use that documents day-to-day affairs of NGO in desired format for internal control and decision making process.
Financial Management: It elaborates functional classification of costs, allocation of indirect cost to program cost, preparing for audit, cash management & preparing cash budget, monitoring & controlling cash, payroll & petty cash and preparing reports for management. Basic topics of finance are discussed e.g. objective of financial management, time value of money, risk & return, valuation of securities, understanding wholesale price index & inflation and stock exchange Sensex. These topics are understandable to readers from non-finance background.
Managing Nonprofit: The functions of nonprofit and the challenges confronting most of the nonprofit are the introductory part of this chapter. They are followed by the issues that are common either for for-profit organizations or for not-for-profit organizations e.g. business planning, business organization, problem solving & decision making, delegation, leadership, motivation and performance development. Knowing and implementing these management techniques will help alleviate the problems and will keep your organizations well prepared and efficient enough to manage change. Generally acceptable norms for nonprofit in the area of accounting & reporting, staffing policies, governance, fundraising, operations, legal compliance and collaboration are discussed. Adhering with these norms and making written note of it can enhance trustworthiness of your organization in the eyes of granters, public and government. Last of this chapter discusses the basic responsibilities of CEO, general guidelines to register Nonprofit under Indian Trust Act 1882, Societies Registration Act 1860 & The Companies Act 1956, sample Deed, sample Memorandum of Association and requirements of 12A, 80G, FCRA & FCMA.
Effective Governance: It elaborates the role of board in an organization, their limitations and how it can be strengthen to achieve the purpose the organization has been incorporated for. Sample job descriptions for treasurer, board & CEO and sample forms for evaluating CEO, recording meeting agenda & meeting minutes and writing meeting resolutions are provided for ready reference.
Strategic Planning & Program Development: It explains relevance of strategic planning to success of an organization. This chapter will help you to understand the fundamental framework of an organization and gives answers to the questions like – what an organization is, what it does and why it does, with a focus on the future. Strategic planning process is used as a management tool to focus its energy, to ensure that members of the organization are working toward the same objectives and to assess and adjust the organization’s direction in response to a changing environment. How can your organization strive to success by knowing its strengths and weaknesses and by effectively reacting to the opportunities and threats of external environment is the subject matter of this part. Standard format for strategic plan and ingredients of an effective operating plan is provided for ready reference.
Successful Fundraising: Asking for money is hard and this chapter provides some tips to overcome the barriers or fear that prevent people to raise fund for organization. Basic steps for successful fundraising campaign, advantages & disadvantages of various sources of funds and general guidelines for making grant proposal are studied in detail.
Risk Management: Knowing what can go wrong and accordingly preparing to prevent the harm and in the aftermath of an “incident” are the subjects. Risk associated with fundraising & financial issues and basic principle to develop an effective risk management program are elaborated in detail.
Directory of Grant Making Agencies: This contains contact particulars of numerous funding agencies in India, which can be useful for you to seek grant for program implementation in your area of working. Sample grant proposal in desired format is discussed in chapter Successful Fundraising.
It is aimed to be a readable book with practical approach and in easily understandable English language. At the end of each chapter you will find summary of main points. It will refresh your memory and will benefit to revise the chapter later. After each chapter there are subjective questions, numerous true/false statements and objective type questions with answers. These will check the understanding of fundamentals and suggest the area to be relearned. Financial Management contains numerical problems that help you in improvement of your analytical skill. Solutions are also provided to check what you have arrived on your own.
Our relationship does not end once you purchase the book. You can send your queries related to subjects discussed throughout your learning session. Our team of experts will try the best to answer your queries well on time.
Price of book is Rs. 1500.00 (Rupees One Thousand Five Hundred only) in India. This price includes shipping charge to your destination anywhere in India through courier/registered parcel. You can send Demand Draft in favor of ‘Daksh Publications’ payable at Patna along with your order at our address mentioned below. While ordering please mention complete deliverable address with pincode & telephone number.
For overseas location price is US Dollar 75.00 each. This price includes shipping charge to your destination through Federal Foreign Registered Book Packet. Overseas customers can remit their payment through wire transfer (SWIFT) only. Please inform us your consent so that we can inform you our banking particulars for wire transfer.
You can send your order at:
Sameer Narayan
Daksh Publications
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India
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