EIGHT Reasons Why Nonprofits Need True Fund Accounting Instead of a Commercial Accounting System

 

  1. Do you need to integrate with other mission-critical or back-office software?
  2. Do you have certain funds that you must spend in accordance with specific restrictions – in particular ways or for certain purposes?
  3. Do you need to measure the performance of a specific program, activity, or performance by location?
  4. Do you have funds that need to be recorded as encumbered?
  5. Do you need to perform allocations of indirect costs by grantors?
  6. Do you have multiple audiences that require you to provide various report types showing how money is being spent?
  7. Do you need to manage and report on multiple budgets?
  8. Do you have the need for a self-balancing chart of accounts?

               For more information contact Betty Bruce today  800 804 6198 ext 101

 

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