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BlogImage multimain Many commercial accounting products have 2 elements - a natural account and a department - and this works fine for commercial entities.  In a nonprofit with multiple funding sources this quickly causes reporting issues.

We regularly work with nonprofits (NPOs) who use commercial accounting

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DueDiligenceImage BlogDUE DILIGENCE IN A RAPIDLY CHANGING NONPROFIT SOFTWARE MARKET

When organizations are closing in on the purchase of nonprofit accounting software, they generally take the time to call references.  Talking to other people who use the software is common and smart practice.  

People who are living

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BlogImage ChangeAgent smallWhen mapping the direction and strategy of your nonprofit, the ultimate goal is always mission fulfillment.  But are there habits and processes that need to change in order to see dramatic improvement?  

Are there change agents within the organization that have pointed to areas of deficiency who

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AccuFund has been working for many years with some large non-profits and foundations that require endowment accounting capabilities.  Our Allocation Management module was developed for two specific purposes, allocating indirect costs for grant-funded organizations and nonprofits with endowments that need to allocate income and expenses to named funds.  Our first endowment client started using AccuFund in 2004 and they continue to use it successfully today. 

We have added a number of endowment organizations, both foundations and other nonprofits with endowments.  We decided that this should become a focused market for AccuFund.  We have an excellent solution for Foundations that includes solutions for their special endowment management needs as well as a full accounting suite to run the entire foundation. 

Learn more about AccuFund Endowment Suite.   

Representative Payees are government agencies, nonprofit organizations or a relative or friend who is appointed by the Social Security Administration to handle the Social Security matters of beneficiaries who are not able to handle their own financial affairs.

The SSA defines the responsibilities of the Representative Payee as:

• Determining the beneficiary's total needs and using the benefits received in the best interests of the beneficiary.
• Maintaining a continuing awareness of the beneficiary's needs and condition, if the beneficiary does not live with the Representative Payee, by contact such as visiting the beneficiary and consultations with custodians.
• Applying the benefit payments only for the beneficiary's use and benefit.
• Notifying SSA of any change in his/her circumstances that would affect performance of the payee's responsibilities.
• Reporting to SSA any event that will affect the amount of benefits the beneficiary receives and to give SSA written reports accounting for the use of the benefits.

The essential needs of the beneficiary include food, clothing, shelter, utilities, medical care and insurance, dental care, personal hygiene, education, and rehabilitation expenses, for example.

If there are funds left over once the beneficiary's current needs are met, the representative payee must save or invest the remaining funds in trust for the beneficiary.

AccuFund has a stand-alone Representative Payee System for social service or government agencies that serve as fiscal guardians for clients or patients who are unable to mange their finances.

Also known as custodial checking and trustee accounting, Representative Payee provides these organizations with a robust, flexible tool for tracking funds and paying bills for a large number of clients.

We believe it's the best product on the market. We'd love to show it to you and see if you agree. Register for a Representative Payee Webinar.

Your fundraising results are crucial to your mission. Development Directors that can put technology to work employing an easy-to-use and affordable fundraising system are going to see better results than those burdened with manual processes.

When looking for a new system there are two costs that go into your purchase – the cost of the software and the cost associated with implementing the software. AccuFund CRM software will require an implementation fee, but there is no cost for the software itself since it is available through the donated Enterprise Edition Licenses of the Force.com platform.

In addition to the savings, you benefit from the long list of capabilities of the software including:

Donor & Relationship Management
Donation Tracking
Marketing Campaigns
Reporting, Analytics & Forecasting
Social Networking
Pledge Management
Approvals & Workflow
Email & Productivity
Content Library & Document Management
Honor/Memorial Tracking
And much more

The best news? This is all available through the donated Enterprise Edition Licenses on the Force.com Platform.

To determine if this very affordable fundraising option is a fit for your nonprofit, please join us for one of our upcoming Fundraising Webinars

Why should nonprofits be interested in cloud accounting?

There are significant savings to be enjoyed by emptying out your server room and putting the money you used to pay in maintenance and upgrades towards your mission.

The cloud, through economies of scale, offers state-of-the-art security, disaster recovery, and guaranteed uptime.

Budget-friendly subscription pricing combined with anytime, anywhere access gives your organization the agility it needs to focus on your mission in the most cost-effective way without sacrificing features or performance.

Why should nonprofits be interested in AccuFund?

We currently serve more than 1,000 clients and we special in accounting software for not-for-profit and government organizations. AccuFund Anywhere extends that experience to the Internet with a true browser-based solution available anywhere and with AccuFund providing the technical support.

Because of our focus, we understand your needs and your responsibility to your constituents.

Join us for a product webinar.

Fill out my online form.

Would you like to decrease the amount of time an effort that goes into your period-end close? Would you like more reporting options? Or the ability to upload large numbers of contributions at one time?

Then you might want to take a closer look at AccuFund Accounting Suite.

We are proud to report that AccuFund Accounting Suite received five out five stars in the all categories reviewed by the CPA Practice Advisor including: Basic System Functions; Core NFP/Fund Accounting Capabilities; Management Features; Financial Statements & Reports; Integration/Import/Export; and Help/Support.

The article concluded that "AccuFund Accounting Suite for Nonprofits is an easily navigate, scalable nonprofit software product ideal from mid-sized nonprofits desiring excellent budgeting capabilities along with a product that can grow with them."

One vice president of finance, who has selected AccuFund Accounting Suite for not one but two nonprofits he has worked for, shared this, "The key to nonprofit accounting is about managing restricted, temporarily restricted and unrestricted funds," he said. AccuFund is much easier and productive that the systems we'd used before, but it's also much more robust and flexible." Before moving to AccuFund, "...it would take at least two days to run monthly financials, but now it takes about three hours, and we can run individual reports in just minutes."