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Fund Accounting Round up

fund accounting top imageA nonprofit can function with a small staff, outdated computer system and limited marketing budget, but it can’t run without a good nonprofit fund accounting system. Whether it is “off the shelf” product or a completely customized the accounting package is what keeps the organization running.

Each organization has different needs, but what they all have in common is functionality. The accounting package needs to be easy to set up and get running.

AccuFund Nonprofit Accounting Software
AccuFund is a full fund accounting system. It comes with the core financial package that includes general ledger, budgeting, accounts payable and cash receipts. There is an extensive list of add ons including payroll, accounts receivable and grants management. AccuFund offers nonprofits two alternatives either a purchased software system or an online service.

Aplos Accounting Software
Aplos is geared towards small and medium sized nonprofits, especially those who don’t have a dedicated financial staff. With that in mind Aplos is designed to be easy to use with minimal training. Aplos offers fund accounting, journal entries, invoicing and reporting. Also tax preparation and e-filing. Pricing is dependent on what modules you choose.

Intacct Fund Accounting
In addition to a full financial management suite that includes general ledger, accounts payable, and accounts receivable.  Intacct offers you one click customization. Not only can you tailor, not only your screens, but your transaction workflows. Plus, you can easily use one click to customize your financial reports. There are additional modules available including inventory management and fixed assets.

Financial Edge NXT
Blackbaud’s nonprofit financial package, Financial Edge NXT delivers a flexible user driven general ledger. You select the account structure, and you can customize the reports per your specific organization’s needs. Financial Edge NXT includes budgeting and advance budget management features.

Abila MIP
Abila MIP has versions for both small and large organizations. Abila offers a segmented chart of accounts to make tracking money even easier. You can create budgets in cross fiscal years and grants years. Abila also helps your organization keep tight control over its money with features that allow you to be alerted to checks written without proper account codes. Abila allows you to customize your reports for your organization.

FastFund Online by Araize
FastFund uses a single database to help eliminate duplicate entries. Its core financials include accounts payable, accounts receivable and payroll. You can track revenue and expenses by program, funding source, and fund. Reports are easy to prepare and customizable.

Open Systems TRAVERSE NFP Fund Accounting Software
A scaleable solution, TRAVERSE NPT software has many built in features including a flexible chart of accounts, payroll and cross fiscal year reporting for all financial reports. In addition, you can track restricted and unrestricted funds and to create reports on the activities of the funds.

Cougar Mountain FUND Accounting software
Cougar Mountain’s Denali software offers a scalable system that includes nine accounting modules. You can find everything from fund allocation management, budget tracking and a secure audit trail. The built in reports are customizable and it has an at a glance dashboard that includes real time charts and graphs.

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Kurt Martin

Bob Scott has been informing and entertaining the mid-market financial software community with his email newsletters for 10 years. And he has been covering this market through print publications for 18 years, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and continues to address that as executive editor of the Progressive Accountant.

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