Accounting for Non Profit Organizations is a specialized form of accounting that involves the analysis and reporting of financial transactions related to organizations whose objective is to promote public well-being or individual gain. It requires tracking of revenues, expenses, assets, liabilities, as well as any other relevant financial information related to the running of the organization. These records are then used in order to present an accurate picture of the organization’s financial standing and to inform decisions on its operation. Accounting for non profit organizations is an important part of ensuring organizational transparency and accountability, as well as providing the public with reliable data.