When nonprofits first start out, it’s easier to use traditional accounting platforms like Quickbooks, or an Excel spreadsheet, to track funds, grants, and campaigns. But as organizations grow and donations get larger, it becomes harder to maintain and track those same accounting tasks.
If this sounds like you, then it may be time to consider fund accounting software.
Why Invest in Fund Accounting Software
Designed Specifically for Nonprofit Accounting
Fund accounting software is designed and developed specifically for nonprofit organizations. The software was built to make fund accounting tasks and processes easier, giving you the freedom to focus on more important issues.
Unlike Quickbooks, Microsoft Excel, or traditional accounting solutions, fund accounting software allows you to track the progress for each grant, fund, and program – letting you see just how well your fundraising campaigns are going.
Key features of fund accounting software:
- General ledger
- Accounts payable
- Bank reconciliation
- Budgeting
- Data import / export
- Allocations
- Human resources
Better Reporting for Your Board of Directors and Stakeholders
Your Board of Directors relies on your analytical data to make confident, informed decisions. While you can create reports using data from traditional accounting programs, you spend more time customizing and creating than your Board does reading them.
With fund accounting software, you can create beautiful, easy-to-read reports straight from your database. Whether you choose a pre-built template or create from scratch, your report will more accurately depict your organization’s financial situation.
Spend Time on Your Mission, Not Accounting
Fund accounting software is worth the investment. Instead of spending mass amounts of time updating your Excel spreadsheet, you can focus on learning about your donors and creating targeted marketing campaigns to keep them engaged and loyal.
Learn More About Fund Accounting Software Solutions
Fund accounting software is a must-have for your nonprofit to grow. Learn more about the various and how they can simplify your current accounting processes by calling us a (843) 971-9061 or filling out the contact form below.