Accounting for Non-profit Organizations is a specialized field of accounting that deals specifically with the financial operations and transactions of an organization that does not exist to generate profits. This type of accounting focuses on accurately reporting income from activities that are intended to benefit particular individuals or specific causes. It involves recording, organizing, and summarizing all financial data in order to assess the overall financial performance of the non-profit organization in line with its mission and objectives. Non-profit accounting also includes preparing reports, documenting financial decisions, and formulating plans to ensure the future success of the organization.