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Tailor-made cloud-based fund accounting software for non-profit organizations like schools and churches for donation grouping, fund management, and reporting.
Conducting the accounting and administration process for non-profit organizations, Fund Accounting Software curtails its fund management time by 65%. Unlike other accounting software, fund accounting’s target isn’t profit maximation. Its focus is to simplify the accounting process and keep track of the fund’s expenses and income for the NPO.
Accounting Software For All
Irrespective of the category of the organization, cloud-based accounting software provides clarity and real-time visibility of the organization’s fund. Whether you are a social service organization or faith-based or healthcare-based or education-based or whichever category you may belong to, the software automates the accounting process at budget-friendly rates.
Clear Picture Of Funds Received
There is no limit on the number of grants and donations a non-profit organization receives. The larger the organization, the more is the amount and number of funds received.
Creating separate heads for each source of funds and maintaining its usage and application, fund accounting software automates the accounting process.
It increases transparency by preparing customized reports for each donor under all categories.
Reports to give a full-visibility of the funds:
Specific Modern-Day Accounting
Unlike other businesses, NPO receives funds for specific purposes; medical fund/ event fund/ repairing fund. Therefore, no traditional accounting format can do justice to the non-profit organization’s fund management. Circumventing the restrictions of conventional accounting, modern-day fund accounting automates fund balancing as per the purpose. Seeing each fund as a separate entity, it initiates the individual balancing of its expenses against the amount received.
Advantages Of Fund Accounting Software
Getting all the financial insights under one roof initiates easier and faster fund management and decision making without having to stroll through multiple spreadsheets.
Multiple financial reports on the organization’s working give a clear view of each activity and the organization’s current financial status.
Segregating the funds received as per the purpose, fund accounting minimizes the chances of fund mixing and irregular data entry.
Integrating with third-party payment applications, the software automatically tracks all the grants and donations received online.
With the entire fund management done digitally via software, human power can be better utilized in focusing on rendering better service.
My Recommendation
Improve customer relationships and increase the transparency of the donations received with WordSys Tech Fund Accounting Software. Designed especially for non-profit organizations, this IT and software development company groups donations under specific categories and initiates individual accounting. Whichever kind of NPO you may be running, WordSys Tech has the most compatible accounting software to simplify your organization.
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