Nonprofits spend donor and public money in pursuit of their objects. They need strong and appropriate financial management practices and systems if they are to withstand the scrutiny that comes with this, and be credible and successful. In this guide, Cathy Masters and Paul Tyler, who have many years of experience providing guidance and training on accounting for nonprofits, explain the basic concepts and systems which are required for financial management. This practical manual gives founders, members, governing board members, volunteers, and staff of nonprofits the tools they need for effective financial management. It will empower them to understand, and take charge of, the numbers and to account fearlessly to their donors, stakeholders, beneficiaries and the public.