Nonprofit and Government Financial Operations Improvement Specialists

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Contact Us: 877-872-2228

newsNEWS

AccuFund Implements Affordable Care Act Reporting Capabilities for Payroll Customers.

The emergence of the Affordable Care Act (ACA) has implications on reporting for organizations with 50+ full time equivalent employees and self-insured employers of all sizes.  AccuFund’s ACA solution is in place and current clients are already implementing.  ACA is the latest example of reporting requirements that can be addressed and managed within our software; AccuFund Payroll includes ACA reporting functionality at no additional charge; specifically no ‘per employee fee’. Read the full press release.

View the Affordable Care Act with AccuFund introductory video.

5 Stars for AccuFund Accounting Suite in 2015

The AccuFund Accounting Suite has again received 5 Stars from CPA Practice Advisor in their 2015 review of nonprofit accounting software.  The strengths include flexibility and scalability, grant and donor management functionality, solid budgeting capability, and an extensive selection of add-on modules. All offered in both cloud and on-premise implementations. Read the full review and a first hand account of how AccuFund has helped this organization.

Foundation Accounting and Fundraising. New Case Study

AccuFund recently partnered with Richmond Jewish Foundation in a new Case Study; showcasing streamlined accounting and fundraising functions improve all aspects of the foundation.

Richmond Jewish Foundation (RJF) is a primary, trusted and expert resource for planned giving and endowments, providing services to the community and its donors, making grants and undertaking community leadership and partnership activities to address a wide variety of needs in its service area.

With AccuFund, RJF was able to customize their accounting statements – for each one of their funds– and show their part of the income from the whole investment.  Through various tools within AccuFund Accounting Suite, combined investment revenues are allocated to various funds so RJF always knows how much each of the 250 funds has at any given time – and that it is properly accounted for. Using the Allocations Management module, the system calculates and posts administrative fees automatically, totally eliminating the need for spreadsheets.

Additionally, AccuFund CRM set out to provide a completely customized Salesforce solution for both RJF staff and their constituents by designing an online portal that allow constituents to review and submit online donations and applications without any involvement from the staff.

“In the first year alone, we saw a 300% increase in online donations because the system was so easy to use,” explains Robert Nomberg, Richmond Jewish Foundation President and CEO.

Read the full press release. To read the integrated foundation accounting and fundraising case study click here.

AccuFund Unveils Results of 2015-2016 Endowment Accounting Insights & Analysis Survey

AccuFund commissioned publisher Nonprofit PRO to conduct a survey of its readers (nonprofit finance professionals and top organization management) to benchmark the methods used to manage endowment accounting.  272 endowment professionals responded.

The 2015-2016 Endowment Accounting Insights & Analysis Survey sought information central to endowment accounting management, including the frequency of fund statement reports, the systems used to manage finances, and specific software features used to manage endowments.

View Endowment Survey Infographic.

Read the full 2015-2016 Endowment Accounting Insights & Analysis Survey press release.

Five areas of consideration emerge from AccuFund's Endowment Accounting survey. When managing current endowments or considering the pursuit of new endowments, check out these 5 areas of concentration in our new Endowment Accounting Tip Sheet

 

Spring Training: Report Writer Sessions

Develop your reporting skills and benefit from hands-on training to help streamline your reporting functions.
We hope you will join us in Las Vegas, Nevada, March 23-27, 2015.

Financial Report Writer, March 23-24, 2015

The Financial Report Writer class covers the essentials of financial reporting, including Statements of Financial Position and Activities, and includes introduction to the use of classifications for reporting.

Standard Report Writer, March 25-26, 2015
Standard Report Writer is used by all modules for transaction and summary reports, such as aging reports and vendor summaries, as well as to design all forms such as checks and Purchase Orders.

Advanced SRW, March 27, 2015
Advanced SRW covers topics such as sub reports and special functions used in payroll reporting. Prerequisite is the Standard Report Writer class.

Register for all report writer sessions here.