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Roundup - Fund Accounting Applications
A nonprofit organization has challenges and specific needs that can be handled more efficiently with accounting software that is designed specifically for nonprofit organizations. This type of software will allow the organization to process business transactions plus track records by department, grants and funding source. Below you will find a list of some of the products on the market today that can help simplify the accounting needs of all types of nonprofit organizations.
Fund E-Z is a versatile product that has an array of useful features besides just the basic general ledger features. This software allows the user to create allocations, budgets and track funds. There are many built in timesaving tools including drill down abilities to find and correct errors. The audit checker keeps track of data modifications by user ID number and a time stamp. The software has many new and improved features including, new administrative control tools, added extra security functions and innovative report features. Fund E-Z accounting software can be used by any type of nonprofit organization.
CYMA Not For Profit Accounting Software is a complete system that can handle all accounting tasks. The many built in tools and features allows the user to track funds, manage fund transfers and much more. CYMA NFP Accounting software has many innovative features including the ability to generate FASB 117 reports and to track by custom defined data sets. This software can be used by any type of nonprofit organization and is customizable.
AccuFund for Non-profits software is designed specifically for nonprofit organizations and provides innovative features and tools to simplify the entire fund accounting process. It has a comprehensive core system which includes general ledger, financial and budget reporting, and a powerful report and form generator. New features in this software include General Ledger Allocations and the Standard and Financial Report Writers now has email capabilities. Another improvement was to add Client Invoicing to the Client Accounting module. AccuFund can be used by any type of nonprofit organization and can be purchased as software or as an online service.
Serenic’s Navigator is a complete system that can handle all aspects of the financial end of running a nonprofit organization. This system has advanced innovative features and tools, including customizable dashboards and a web portal. This software provides the user with accurate real time financial data. It can track expenditures against budgets and allocations that are defined by the user. This gives the user accurate and updated accounting information. New features and improvements include enhanced reporting and improved data exchange. Navigator can be is customizable and can be used by any type of nonprofit organization.
Sage Fund Accounting is versatile fund accounting software that has innovative features including integrated budget management and cross year reporting. This software is customizable to fit each nonprofit organization’s accounting needs. It is flexible and complies with both GASB and FASB requirements. Sage Fund Accounting has a robust reporting system that allows the user to produce a wide selection of reports quickly and efficiently. This software can be used by all types of organizations no matter the size.
Blackbaud The Financial Edge is versatile software that has an interface similar to Microsoft Outlook. The entire system can be easily navigated and is customizable. The Financial Edge is user friendly its application tasks and reports are grouped by accounting function and the software also includes workflow diagrams and checklists. This system assists you in doing many things, including managing and planning budgets, produces customized reports quickly and can mange Human Resources. Any type of nonprofit organization can benefit from using this software.
The GMS Accounting System is a complete system that can handle all the daily accounting and reporting tasks for a nonprofit organization. It has built in tools and features to make it easy to navigate through the entire system. This software was designed to handle activity accounting. GMS is a complete grant and contract accounting system with the ability to account for contracts, grants and other activities. This software can be used by any type of nonprofit organization.
Intuit’s QuickBooks Premier NP 2011 Fund Accounting Software is software that tracks the daily financial transactions for a nonprofit organization. It has detailed charting and reporting features which are crucial elements needed in keeping track of donations and expenses. Some of the new features added include Customer Snapshot, Batch Invoicing and QuickBooks Search. Premier Nonprofit will work for any type of nonprofit organization.
Open Systems TRAVERSE NFP Fund accounting software is designed as a scalable program and is a complete fund accounting system. It has many innovative built in features including a flexible chart of accounts and report writer. The system is fully integrated which means seamless navigation through all modules. Some of the enhanced features include the ability to create allocations for accounts payable, the general ledger and payroll. The TRAVERSE NFP Fund software can be used by any size or type of nonprofit organization.
These are just a few of the products available on the market today. A fund accounting system geared specifically for a nonprofit organization makes balancing multiple funds and creating reports simply and efficient.