Accounting is a critical component of the business of running a library, and librarians with a working knowledge of accounting are more effective decision makers. The update of this classic text provides practical accounting information for those librarians who don't want to be accountants, but do want to keep track of the bottom line. Accounting for Librarians provides the fundamental principles of library accounting for practitioners. Practical use of accounting basics ensures that librarians:

• work effectively with financial mangers, 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;
• provides library-related examples of how to perform specific accounting functions; and
• includes a glossary.