AccuFund News

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 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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Ian Scotland Joins AccuFund as General Manager

IanScotland AccuFund thumbnailAccuFund, Inc., today announced that veteran accounting solutions provider, Ian Scotland, has joined the company as general manager and vice president. Scotland will oversee company sales, marketing and client services. He will also execute the company’s product vision working with Gordon Holfelder, who is stepping into the role of president after serving as vice president since the company’s inception.

Scotland has a strong, traditional accounting background with expertise in both technology and nonprofit/government financial management. Prior to joining AccuFund, Scotland built two companies that worked exclusively with nonprofit organizations and government agencies.

“Ian brings a lot to the table, as a CPA and years of experience selling and working with our accounting application,” stated Holfelder, “He also brings a wealth of knowledge in the nonprofit and government markets. Ian is the consummate professional; well-known and respected within the reseller community. He is perfect for filling the role of managing our business, working with our business partners, and maintaining continuity in our operations.”

Please join us in welcoming Ian.

Read the full Ian Scotland AccuFund Press Release.

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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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CPA Practice Advisors Awards AccuFund 5-Star Rating

CPA5StarAccuFund Receives Top 5-Star Rating from CPA Practice Advisors with high marks for scalability, core functions, deployment options, reporting, integration and support.

AccuFund Accounting Suite Product strengths detailed in AccuFund’s 5-Star Review include:

•    Both on-premise and cloud/online version available
•    Strong set of core modules
•    Robust selection of add-on modules
•    Seamless integration with Salesforce for fundraising/development activity

Additional highlights of AccuFund’s 5-Star Review include:

•    “Easily handles multiple transaction types, including grant and project budget entries, budget revisions, allocations, encumbrances, memo entries and closing entries.”
•    “AccuFund can easily handle multiple budget types, including financial, grant and project budget.”
•    “Report templates are available for a variety of report types including Trial Balance, Balance Sheet by Fund, Combining Balance Sheet, Revenue and Expenses, and Statement of Cash Flows, along with others. All reports created in AccuFund can be viewed on screen, printed, emailed directly to recipients, exported to Excel or as a CSV file, or saved as an HTML file or PDF.”
•    “AccuFund offers system users a variety of help options including a variety of system wizards, webinars, on-site training, train the trainer training, and a variety of product videos designed to provide a system overview.”

Read the Full CPA Practice Advisors Review.

Read the AccuFund CPA Practice Advisor 5-Star Rating Press Release.

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