Nonprofit bookkeeping fundamentally differs from business bookkeeping. Delve into fund accounting. Learn how to record transactions with a focus on how money filters in to a nonprofit organization and how you track the spending of those funds. Become proficient in how to prepare financial statements for nonprofits as well as a cash flow statement. Nonprofits make up America’s third largest workforce. It’s important to understand how to handle bookkeeping procedures for this unique type of organization.