Other than an integrated user?s manual and help index, some accounting products don't offer training tailored to your organization's needs. Most nonprofits would find it beneficial to receive customized training in order to use the accounting package to its fullest potential.

Before making a decision, verify that your fund accounting software vendor offers multiple options like in-person, web-based and classroom training, for example. It is also important to ask what types of support are available for the software as well as the cost (if any) for updates.

Other things to consider? Confirm that whichever product you choose is FASB compliant. You?ll also want to ensure your accountant is comfortable with your decision and that s/he is capable of operating within the software you plan to use.

Before making any decision, consider what accounting functions you go through in a typical day. Outline any special needs you will have in the future due to downsizing, expansion, grants, etc. Write down your questions and training requirements then compare the commercial and fund accounting products you?re evaluating to find the one that is best suited for your needs.

About Jacqueline M. TisoJacqueline Tiso is the president of JMT Consulting Group, which specializes in accounting and fundraising solutions for nonprofit organizations exclusively. She started the company 1991 to support nonprofit organizations with their fund accounting and technology. The company has evolved over the years to continue to meet the needs throughout the nonprofit community. Today, the company has several divisions to support nonprofits of all sizes.

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