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Fund Accounting Software: Using Funds for Improved Financial Control

Is your software optimized for non-profit or government usage? If not, you may be missing an opportunity to lower costs and better meet your organizational goals. For the non-profit or public sector organization, success isn’t defined by generating profits. Accordingly, non-profits and government entities use different accounting methods. A primary difference is the use of “funds.” A fund accounting software approach allows you the visibility into your financials to understand exactly how each dollar is spent. With improved financial clarity, you’ll be better equipped to lower operational costs and maximize the impact of each dollar.

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The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter

Fund accounting software: The heart of non-profit and government accounting software

A fund is essentially a unit of financial organization with a self-balancing set of accounts designed to record cash and other assets together with related balances and liabilities. Fund accounting software provides the ability to create financial statements and balances sheets for each fund. For non-profit and government organizations fund accounting software is a critical IT resource.

The advantage of software designed for government entities and non-profits

Just as there are accounting packages designed with the manufacturer or retailer in mind, software developers have created fund accounting software to meet the specific accounting requirements of non-profit and government organizations. Using software geared for commercial operations can lead to a number of issues for non-profits and government entities.

Many organizations will attempt to use departmentalization at the general ledger level to accommodate what could be more easily set up as fund accounting. After investing time to set this up, this approach may prove useful in tracking income and expenses, but it rarely provides the necessary controls in tracking assets and liabilities necessary for accurate balance sheets. While the profit motive may not be behind it in the case of non-profits and government entities, every organization is looking to maximize their efficiency. Fund accounting software provides an accounting approach designed to eliminate time-intensive workarounds necessary to make standard commercial packages work.

Organizations who provide funding often require clear reports detailing how funds have been spent. Fund accounting software provides reports designed for this purpose. By improving your ability to document the impact of previous expenditures, you can help promote your ability to receive future funding.

Tighten your financial management with fund accounting software

Fund accounting software modules provide a number of inherent benefits. Donations, grants, and endowments are frequently provided to the non-profit organization with specific instructions on the usage of the funding. Tracking these financial assets in funds allows the non-profit organization to easily see how each dollar was spent. The results of failing to meet specific spending restrictions can have negative consequences, including discontinued funding.

The first step of meeting spending restrictions is knowing where every penny is allocated. For the government entity, GASB standards actually require that accounts are kept on a fund basis. Fund accounting software allows governments to track a variety of different funds including: general/operations, special revenues, capital projects, debt services, permanent, fiduciary, and proprietary funds.

Popular Fund Accounting Software Products

Looking for great fund accounting software options? Below you can check out a list of the products most commonly considered by others searching for fund accounting software. The list on this page is based on many years of real software matches. But everyone’s needs are different. Browse for fits with your specific requirements or let us help you identify your top options.

Which software is right for you? Get quick and accurate recommendations.

What if you could simply tell someone about your software needs and they’d find your best choices? Look no further. We’ll listen to your needs and find your top software matches. That’s it. There’s no pressure, no cost.

The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter
  • Logos Accounting by Logos Management Software

    You don’t have to be an accountant to manage your organization's finances; we’ll just make you look like one. Logos Fund Accounting is designed for the special needs of churches, schools, and non-profit organizations, giving you the power...

  • DENALI FUND+Accounting by Cougar Mountain Software

    A modulated nonprofit accounting software solution for small to large organizations, and CPAs who support these organizations. Our nonprofit accounting solutions are used by The American Red Cross, Boys & Girls Club, Girl Scouts, United Way, YMCA...

  • FastFund Nonprofit Software by Araize

    FastFund Nonprofit Software is a fully integrated fund accounting system designed by Certified Public Accountants. Affordable modules include General Ledger, Accounts Payable, Accounts Receivable, Cost Allocations, Payroll and Fund...

  • Aplos Fund Accounting by Aplos Software

    Aplos means “simple” in Greek, and that’s exactly what we’ve designed our software to be. With our Fund Accounting product you will be able to: * Access your information from anywhere there is internet access * Set up your organization’s...

  • Orange Leap On Demand by Orange Leap

    Orange Leap on Demand Orange Leap On Demand is a unique web-based constituent and donation management solution for today's non-profits. It automates the fundraising, marketing, communication and best practices by discarding traditional passive...

  • AccuFund Accounting Suite by AccuFund

    Accounting software for non-profits, municipalities and other government agencies is the specialty of AccuFund. The AccuFund Accounting Suite is powerful, flexible and affordable financial reporting and accounting software designed specifically for...

  • Fund E‑Z Fund Accounting by Fund E-Z Development

    FUND E-Z fund accounting is properly designed and well organized. The system can be setup and activated in just minutes. It tracks funds, general ledger accounts and cost center departments with its 22 character account number structure. All data...

  • Abila MIP Fund Accounting by Abila

    Gain more time to focus on your cause Abila MIP Fund Accounting is a configurable fund accounting solution that allows you to report and track information that is most important to you, your board and your supporters. To help you deliver on...

  • Financial Edge NXT by Blackbaud

    Financial Edge NXT is the first-of-its-kind cloud accounting solution that’s intuitive, reliable, and built exclusively for non-profits. It is advanced technology with powerful reporting tools to help your accounting team drive efficiency,...

  • Grant Management by Abila

    Increase grant funding and measure your true impact This web-based grant-receiving solution uniquely combines development, contact and financial data to improve grant pipeline oversight while optimizing success. Reporting and trend analysis...

  • Millenium by Abila

    Connect more effectively with people and information Millennium is a comprehensive donor relationship management tool that provides you with a 360 degree view of donation activity, communications received, events attended, and personal...

  • Fundraising Online by Abila

    Deliver on your mission by streamlining your fundraising Enhance online fundraising results with customizable web forms that collect donation and pledges, while motivating supporters. With a complete online solution, you can instantly...

  • Fundraising 50 by Abila

    Build stronger relationships and achieve higher fundraising goals Fundraising 50 provides an easy-to-use donor management system that allows you to understand the impact your campaigns have on your mission. With easy-to-use reporting...

  • CDM+ Church Management Software by Suran Systems

    CDM+ is church management software, but it's also much MORE! CDM+ is a dynamic system for complete church information management that is ideal for other faith-based ministries and non-profit organizations, too. CDM+ is powerful database software...

  • Church Windows by Computer Helper Publishing

    Church Windows software provides an easy way to track the church congregation, its happenings and its giving. Available in its classic form or under one of nine denominational versions, Church Windows efficiently handles the church receipts and...

  • SafeChoice Accounting for Non‑Profits by SafeChoice

    SafeChoice Accounting for Non-Profits is designed exclusively for Non-Profits. SafeChoice Accounting for Non-Profits is available in two versions based on the number of users needed and transaction volume. These two versions provide an...

  • iMIS by Advanced Solutions International

    iMIS 15, the next evolution of iMIS, is designed to transition iMIS users from client-server to the freedom of the Web. By leveraging today's technology, including Microsoft's .NET development platform, iMIS 15 provides expanded flexibility, greater...

  • Blackbaud Fundware by Blackbaud

    For over 27 years, Blackbaud Fundware has helped eliminate financial management pressures for nonprofits and governments. More than 4,000 organizations have relied on our innovative fund accounting software to track, manage and report on grants,...

  • Logos II Church/Donor Management by Logos Management Software

    Often, the culprit in people leaving a church not plugged in or unnoticed is because of lack of organization. We know you are shepherds at the core and it breaks your heart to hear stories of people falling through the cracks. With that in mind,...

  • Auction Maestro Pro by MaestroSoft

    AuctionMaestro gives you everything you need to run silent our outloud charity auctions. This product will streamline data entry, and easily creates all pre-event publications, reducing volunteer burnout. The program allows you to enter detailed...

  • CYMA IV Not‑for‑Profit Edition by CYMA Systems

    CYMA Not-For-Profit (NFP) Not-For-Profit organizations need an accounting software package designed for the specific nature of the nonprofit industry. Since 1980, thousands of nonprofit clients have depended on CYMA Not-For-Profit Accounting...

  • GMS Non‑Profit Accounting and Financial Management by Grants Management Systems

    GMS is a national developer of accounting and revolving loan software for not-for-profit organizations. The basic accounting package provides comprehensive financial reporting, general ledger, payroll, accounts payable and extensive computerized...

  • QuickBooks Premier by Intuit

    QuickBooks Premier builds on the sound foundation of QuickBooks Pro giving you additional industry specific features. The system is available in a General Business Edition. However, it is also available in several Editions that provide...

  • Dynamics GP by Microsoft

    Microsoft Dynamics GP is an ERP solution designed for small and mid-market businesses. Key capabilities of Dynamics GP include:

    • Financial management and accounting
    • Inventory management and...

    • Nonprofit Online by Abila

      Manage your entire organization from the cloud Nonprofit Online is the only all-in-one solution for managing financials, grants, online fundraising and CRM in the cloud. With a complete online solution, you can access your applications...

    • CenterPoint Fund Accounting for Municipals by Red Wing Software

      Big City Bang for Small Town Bucks CenterPoint Fund Accounting Software is ideal for municipals with small to medium size populations. These smaller organizations can save significant money with CenterPoint Fund Accounting while still...

    • BMSI Financial Software System by Business Management Systems

      BMSI Financial Software is designed for municipalities and educational organizations. It gives you the tools you need to take control of your finances. An incredibly affordable fund accounting system that meets all accounting standards. Easy to...

    • Adagio Accounting Suite by Softrak Systems

      Adagio Accounting is a multi-ledger, modular accounting system that provides best-in-class audit controls and financial reporting capabilities. It is designed for small and mid-sized businesses that process significant volumes of transactions –...

    • CenterPoint Fund Accounting for Nonprofits by Red Wing Software

      Fund accounting for nonprofits with a price tag that won't break your budget. CenterPoint Fund Accounting Software for Nonprofits is a versatile and affordable fund accounting and payroll software system that gives you the tools you need to take...

    • UNIT4 Business World by UNIT4 Business Software

      UNIT4 Business World is a fully integrated role-focused ERP system, ideal for service or people based organizations that need financial accounting and other back office software integrated with a broader range of core business functions in a single...

    • QuickBooks Online by Intuit

      Anytime, Anywhere, Anyone Accounting: Connecting Multiple People and Locations via the Web QuickBooks Online is the most flexible way to link multiple users and locations to their business finances-anytime, anywhere. It has the accounting...

    • Purchasing Management eXtra by Bellwether Software LLC

      Purchasing Management eXtra is a complete end-to-end procurement system that operates in a purely paperless mode. It is available in the Express Version and the SQL Version. PMX's SQL version requires Microsoft SQL Server 7.0 or higher to be...

    • MobileAsset by Wasp Barcode Technologies

      Wasp MobileAsset is the perfect asset tracking solution for small to medium sized businesses. This product will meet the asset tracking needs of IT departments, government and education agencies, healthcare providers, and any other small to large...

    • CONTROL by KCI Computing

      CONTROL® integrates all financial management functions, processes, and data. It provides one shared repository of business rules and data and one point of maintenance eliminating disconnects or different versions of the truth. It gives you the...

    • PROPHIX by PROPHIX Software

      PROPHIX is a multi-user financial software application used by thousands of users worldwide for Budgeting, Planning, Financial Consolidation, Management Reporting and Analysis. PROPHIX offers the familiarity of a spreadsheet-style interface with...

    • QuickBooks Pro by Intuit

      QuickBooks, with more than 80% retail market share and over 2 million users, is the undisputed leader in accounting software for small businesses. Intuit designed QuickBooks to bring complete financial management capabilities to small business...

    • Greentree by Greentree International

      Greentree represents a new generation of internet enabled business management tools that makes no compromises in delivering comprehensive functionality, on-line access from desktop products such as Microsoft Excel and a robust and reliable operating...

    • UNIT4 Coda Financials by UNIT4 Business Software

      UNIT4 Coda Financials is an award-winning suite of best-of-class financial management software designed to integrate with your industry- and company-specific applications. UNIT4 Coda Financials provides real-time financial visibility and control...

    • Vivid Reports by Briscoe Solutions

      Features Fast and user-friendly statement set up and modification. Vivid Reports works with the account structure and segments as defined in your accounting system's chart of accounts. Vivid Reports supports drag-and-drop from your chart of...

    • Acumatica ERP by Acumatica

      Acumatica Cloud ERP provides all of the features of traditional accounting, financial, and ERP software, but is web-based so it is less expensive to maintain, centrally managed, and accessible from anywhere. Customers can purchase a license and...

    • BNA Fixed Assets Solutions by Bloomberg BNA

      The BNA Fixed Assets product line from BNA Software offers data entry, data management, and reporting capabilities beyond any other program you might be using. BNA Fixed Assets' unique Open Timeline gives you unparalleled flexibility and...

    • Sage Fixed Assets by Sage

      It's an unfortunate reality that many companies and organizations overpay thousands, sometimes even millions, in insurance and tax costs due to improperly or ineffectively managing and depreciating their fixed assets. Sage FAS Fixed Assets provide...

    • Black Mountain Software Government Accounting by Black Mountain Software

      This powerful suite of Fund Accounting Software applications provides integration and functionality best suited for Municipalities and Utility Districts. We offer a similar product line for school districts. At the hub of Black Mountain Software...

    • Genesis Total Solution by Genesis Total Solutions

      Our applications can be used on many different platforms including Windows, Linux, Unix and MPE. We have both in house computer based and web based solutions available. If you couple our large number of application modules running in accounting,...

    • Executive Series by Searer Business Technology

      Executive Series Executive Series is a completely integrated accounting solution with strong drill down capabilities. Executive Series is fully customizable through source code to meet the unique needs of your company. Standard features...

    • FinancialForce Accounting by FinancialForce.com

      FinancialForce Accounting is a comprehensive financial application delivered on-demand from Force.com, the world’s leading cloud computing platform pioneered by salesforce.com. It is a unique and powerful financial system in its own right, but is...

    • Sage BusinessWorks Accounting by Sage

      Best suited for: - Small companies with 10-50 employees If you're looking for an accounting system that virtually anyone can use, provides extensive reports instantly, and can grow with your business, then Sage BusinessWorks Accounting...

    • TRAVERSE by Open Systems

      TRAVERSE is an ERP system from Open Systems, Inc. offering financial, operations, and sales functionality. Traverse provides comprehensive integration for key business processes, while offering the ability to scale from 5 to 500 users....

    • Dynacom Enterprise ERP by Dynacom Technologies

      With the Dynacom Enterprise solution, Dynacom offers you a new way of thinking your business. Tailoring your business management solution according to your specific needs is a great way to reduce costs and maximize productivity and...

    • Sage 500 ERP by Sage

      Maximize your operations, insight and competitive advantage to stay ahead of the pack. Sage 500 ERP solutions (formerly Sage ERP MAS 500) provides customizable enterprise resource planning software designed to run every business function at peak...

Your Fund Accounting Software Recommendations

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