Accounting for Libraries and Other Not-for-profit Organizations

Perhaps not your favourite part of being a librarian, accounting is nevertheless a critical component of the business of running a library, and librarians with a working knowledge of accounting are more effective decision-makers. G. Stevenson Smith's ""Accounting for Libraries and Other Not-for-Profit Organizations"" provides practice accounting information for those librarians who don't want to be accountants, but do want to keep track of the bottom line. This update of the classic text provides the fundamental principles of library accounting for practitioners. Practical use of accounting basics ensures that librarians: work effectively with financial managers, trustees and others; create and maintain a financial system that ensures controls of resources; and keep accurate and useful records of financial information on library transactions. Accounting fundamentals such as accounting systems, reporting and closing are all clearly explained with examples. The new edition also explains how library managers and directors can work within the library's financial system to achieve goals. Library specific examples are provided to explain how to perform specific accounting functions. The book includes a glossary.