Track Funds, Grants, Programs, Budgets, and More -- Accurately And Timely
Today nonprofit organizations must meet the demands of greater transparency and accountability while continuing to service their constituents and fulfill their mission. The foundation of good stewardship and transparency is sound financial accounting. The complexity of nonprofit accounting, where donor funds and grants may have particular reporting and spending requirements, can be better managed and communicated when Finance Directors have a software solution that accommodate fund tracking and management.
Technology needs vary according to the nonprofit. Some nonprofits operate solely on contributions from private donors. Having a software product that can manage those donors is a necessity. Other nonprofits get the majority of their funding from grants; either foundation grants or more complex government grants, where solid grant management and accounting is a necessity. Most grants, particularly government grants, need to be tracked in detail; everything from managing expenses, setting up and maintaining budgets, to determining administrative overhead.