Seeing your nonprofit organization grow and exceed its objectives is certainly exciting! As you prepare for the next phase in your journey as a team, you’re likely taking steps to optimize business operations.
Of course, your accounting solution can be found at the heart of your organization. Ideally, it should grow with your team. However, that’s not always the case, and there may come a time when it’s best to look for a better solution.
Here’s how to know when it’s time to expand your horizons.
You Can’t Ever Get the Information You Need When You Need It
These days a wealth of information is available at our fingertips. We’ve become accustomed to accessing important information with agility and run our organizations around this capability.
However, your accounting solution may have been developed before the dawn of rapid-fire technology. Or perhaps its capabilities are just too limited for the needs of your organization.
Regardless, if you’re struggling to access the information you need when you need it, you’re dealing with a major inefficiency in your small business accounting solution.
You’re Still Cobbling Together an Accounting Plan
Sure, it’s obvious, but your accounting solution should work with your organization. That means it should function with your organization as it is today and will be tomorrow.
Are you using multiple spreadsheets to organize all of your information? Do you still have filing cabinets overflowing with documents?
You and your team should be able to manage your data from one solution. Otherwise, you run the risk of making errors and losing information.
Take a step back and look at how well you get it all done with your solution. If the answer is less than 100%, it’s time to look for a more optimal means of small business accounting.
Payroll and Employee Management Are the Stuff of Nightmares
Did just reading that heading induce flashbacks? You should not have to suffer from nightmares because of payroll and employee management. All dramatics aside, these functions are a core business operation and can be time-consuming with the wrong solution.
To determine if you’ve outgrown this aspect of your accounting solution, it’s time to circle back to the spreadsheets example. Are you using other programs (or even documents) to tackle payroll and employee management?
Realize that you can do it all from one good accounting solution. Don’t settle for a hodge-podge of programs that limit your workflow!
Your Decisions are Compromised by Your Software
This is a big one. When you’re working with a limited software solution, it directly impacts your organization. You can’t take on projects that you lack the resources for with good conscience.
Don’t let your organization’s growth be stunted by restrictive accounting solutions. Get ready to thrive with a flexible and efficient nonprofit financial management solution.
Abila MIP Fund Accounting
Abila MIP Fund Accounting was developed to meet the needs of growing nonprofit organizations. It tackles your everyday operations from managing budgets to producing reports and maximizing grants.
No need to worry about the logistics of tracking and reporting multiple funds across multiple budget periods. Abila makes meeting your reporting requirements a cinch. It’s what makes this solution different from your average accounting system.
We’ll let the functionalities speak for themselves:
- General Ledger
- Accounts Payable
- Accounts Receivable Reporting
- Billing and Sales Order Entry
- Payroll and Employee Management
For a closer look into Abila, head here to find a complete breakdown of its capabilities.
Of course, for an accounting solution to truly meet the needs of your organization, it must be properly implemented. At SYGNVS Integrated Solutions, we’ll take care of implementation, training and support so you can enjoy the functionalities of Abila to the maximum. Reach out to our team today for more information!