AccuFund News

New FASB ASU 2016 - 14 Resources Available to Assist Nonprofit Organizations

FASB blog thumbnailThe Financial Accounting Standards Board (FASB) issued new accounting standards updates specifically for nonprofits (ASU 2016-14) to improve the current net asset classification requirements and the information presented in financial statements and notes about a nonprofit entity’s liquidity, financial performance, and cash flows.

AccuFund has prepared not only its own nonprofit accounting software, AccuFund Accounting Suite, but also compiled a variety of resources including Nonprofit Quarterly webinars, original FASB ASU 2016-14 documentation, blog articles and popular white papers to help nonprofits successfully adapt to these new standards.

Read the full AccuFund Provides FASB ASU 2016-14 Resources to Nonprofits.

Visit AccuFund Resources for FASB ASU 2016-14 webpage.

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AccuFund Announces Partner Leadership Awards

AwardIcon Reseller2018 thumbnailAccuFund today announced the recipients of its annual Partner Leadership Awards for sales and marketing success in the previous year.  Presented at a special dinner during AccuFund’s annual reseller meeting, held March 17-19, 2018 the awards recognize the volume sales leaders for the AccuFund Accounting Suite.
AccuFund bestowed Partner Leadership awards for overall volume sales leadership, volume sales leadership in the government and nonprofit sectors, volume leadership in add-on sales and total unit sales, volume leadership in representative payee sales, marketing excellence and customer installation and support excellence.

AccuFund is a top provider of financial reporting and accounting software servicing the nonprofit, municipal and government sectors.

Read the full AccuFund Partner Leadership Awards Press Release.

Find an AccuFund Reseller Near You.

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AccuFund Announces Peter Stam Retirement

Peter Stam photoNonprofit Accounting Industry Expert Retires. AccuFund Announces Peter Stam Retirement, Effective January 31, 2018.

After 16+ years at AccuFund’s helm, Peter Stam retires, effective January 31, 2018. Peter will continue to be involved at a strategic planning level. Gordon Holfelder has assumed the role of President after serving as Vice President since the company’s inception. Ian Scotland is named Vice President and General Manager.

Since 2001, AccuFund has provided nonprofits and government agencies with state-of-the-art financial software, helping clients grow and improve their overall financial management. “It’s been an honor working closely with so many wonderful clients over the years. I’ve enjoyed getting to know our clients, their business, and helping them build financial solutions that contribute to their community’s success, “ explains Peter Stam, “I take great pride in knowing we have built a strong business that will continue helping our clients serve their communities.” In retirement, Peter looks forward to spending more time with family and friends, enjoying time on Martha’s Vineyard, and traveling.

As news spread throughout the nonprofit sector, industry leaders offered their congratulations. Paul Clolery, Vice President/Editorial Director at The NonProfit Times shared, “Peter was always one of the more thoughtful executives to whom I turned, even on topics that did not involve accounting software. He had a sense of where the marketplace was going based not only on his own sales but also on what he was learning from customers and others in the industry.”

Read the full AccuFund Peter Stam Retirement Press Release.

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AccuFund Publishes FASB ASU 2016-14 White Paper Series for Nonprofits

FASB ASU 2016-14 White Paper for NonprofitsAccuFund, Inc. today announced a new 3-Part White Paper Series on FASB ASU 2016-14 to assist nonprofit organizations in understanding, preparing and implementing the new reporting requirements.

The Financial Accounting Standards Board (FASB) has issued a new accounting standards update specifically for nonprofits (ASU 2016-14) to improve the current net asset classification requirements and the information presented in financial statements and notes about a nonprofit entity’s liquidity, financial performance, and cash flow. This is the first major set of changes to nonprofit financial statement presentation standards since 1993.

Is your organization ready?

Read the full AccuFund FASB ASU 2016-14 White Paper Series Press Release.

Download AccuFund's New White Paper, Understanding. Preparing. Implementing. FASB ASU 2016-14 Reporting Requirements for Not-For-Profit Organizations.

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AccuFund Introduces New User Interface in Version 6.01 of AccuFund Accounting Suite

AccuFund announces the release of Version 6.01 of the AccuFund Accounting Suite. With this latest release, AccuFund AccuFund screen 1introduces a completely new user interface with a simpler, standardized design. Fonts are larger and easier to read, icons in the toolbar are simplified and all windows have a consistent look and feel. Version 6.01 also features several new capabilities in the Core system of the AccuFund Accounting Suite.

Read the full AccuFund Accounting Suite Version 6.01 press release.



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