Estimated reading time: 3 minutes, 14 seconds

ImageCYMA NFP FUND Accounting Software (www.cyma.com) was specifically developed and designed for nonprofit accounting. It has the ability to help the user track funds and grants, and can generate FASB117 reports. This accounting software is designed to be able to see detailed grant, budget and financial information, all from a single screen. This is a complete accounting system combined with modules specifically designed to fit the accounting needs of a nonprofit organization.


CYMA offers a modular approach, which means customers only purchase the software modules they need. This allows each nonprofit organization to customize the software to fit their particular accounting needs. In addition to the standard modules, other modules offered include payroll, project tracking, job/project costing and inventory.
 

In Use
CYMA NFP FUND Accounting Software is a customizable system which has a variety of modules to choose from.  This software has many FASB117 reports templates, and a feature which can help you to manage your budget and prevent over budgeting through budget controls. It has the ability to allow tracking of custom defined data sets, including donor information and other contact information.

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The menus and layout of this software make it simple to use, and it is easy to navigate between modules. This software contains a quick budgets grid which helps streamline budget entry and management. There is also a detailed fund management grid to assist you.

Technology employed
Pervasive.SQL Version 10 is the underlying database engine used by CYMA software and you must have a separate license for this product. Pervasive.SQL Version 10 Workgroup can be used for standalone or peer to peer installation, and it is recommended if you have 5 or fewer users. The Pervasive.SQL Version 10 Server is used for more than 5 users, and supports Windows 2000 and 2003 Servers.

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This software is compatible with Windows 2000 SP4, Windows XP Professional SP2 and Windows Vista. It can also run on Novell 4.2, 5.x or 6 for Workgroup and Novell Netware 5.1 SP8, 6.0 SP5, or 6.5 SP5 for the Server version.

Ease of use, configuration, and deployment
The CYMA FUND software is designed to be used with Pervasive.SQL, and setup using a server. The initial configuration can be complicated, and the company offers technical support and manuals for each module. Using the software is fairly simple and it is easy to learn. There is training available from associates of CYMA.

Recap
This software is specifically designed for the accounting needs of the nonprofit industry. This software can handle the needs of small and mid-sized organization. CYMA FUND accounting software has modules that allow your organization to track funds, track grants, and generate the necessary reports nonprofits require. This software is designed to be customizable, and you have the ability to pick and choose which modules you need for your organization's accounting system.

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CYMA is priced on a modular basis which includes; Accounts Payable, Bank Reconciliation, General Ledger, Grant Tracking, Inventory, Job Costing, Purchase Order, Payroll and Sales Order. The System Manager module is required but all other modules are optional depending on the desired configuration that will fit your nonprofit organization needs. The cost of modules starts at $595 per module and a typical configuration starts at $2300. CYMA also charges an annual maintenance fee of 18.5% of the MSRP of the software. This includes annual updates, tax table updates, and access to support information online.

Advantages
  • Customizable fields
  • Detailed report templates
  • Multi-module
Disadvantages
  • Cost of additional modules and licenses may boost the cost of the system
My Opinion
CYMA FUND software is specifically designed for mid-sized nonprofit organizations. A nice feature to this software is that it is modular based. This means you only have to buy the modules needed to do the accounting for your nonprofit organization and won't be stuck with software you will never use. You have the option to add modules as your organization grows. This is a customizable system which will take care of tracking funds and grants and also your specific accounting needs. Last modified on Sunday, 19 May 2013
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