As your organization grows, your accounting software should grow with you – allowing you to continue providing the same level of support to your mission. Not only can you outgrow your software, but as technology evolves new and more efficient software is released, giving you more data to work with.
No matter the reason you need to find a new accounting solution, we’ve put together some tips to help you find a software solution that works for you and your organization.
Choosing Your Nonprofit Accounting Software
Your nonprofit accounting software is a vital component to your organization’s ability to track contributions, grants, or even constituent information. No matter how you use the software, it should enable you to be more organized and efficient.
Your ideal accounting software should function in two different ways:
- Your software should help you operate by automating tasks.
- Your software should give you detailed insight into your data, allowing you to analyze and act on important information
How can you find a software platform that will do this? Only by understanding the needs and structure of your organization will you be able to make sure your new accounting software solution is the perfect fit.
You can learn more about your nonprofit organization by asking yourself, and your colleagues, a few of these questions:
- What are the current and future fundraising goals? Enrollment goals? Program revenue goals?
- How many people are on staff? (Some software prices are based on users)
- How many funds do we need to track? How many people do we have in our fundraising database?
- Do we plan on launching a new fundraising campaign soon? Do we track special events or want to use a website for fundraising?
- What type of reports do we want generated?
Not only should you ask the above questions, but you should also evaluate your organization’s needs, policies, processes, and structure. This information will give you a better idea of what you need your accounting software to do – and help make you more aware of how your organization works.
As you’re looking for your new accounting software solution, look for things like training, maintenance and support, conversion, and hardware – as you may incur additional expenses on top of the new software cost. Ask questions during demonstrations and presentation to ensure that the software is a good fit for your organization – remember that your software should work for you, not create more work.
Finding a new nonprofit accounting software solution is not an easy task. There are a variety of factors that go into the purchasing decision. However, the end result will allow your organization to spend more time supporting your mission – ensuring your nonprofit is a success.
Nonprofit Accounting Software at Capital Business Solutions
Have you outgrown your current accounting software? Or just need to find a solution that is more tailored to your organization’s goals? Capital Business Solutions provides nonprofit accounting software and consulting services to organizations throughout the United States. We offer fund accounting software, such as Abila MIP (formerly Sage MIP) and SerraFund Accounting for NetSuite, in addition to integrated reporting tools like DrillPoint Reports.