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Effective nonprofit accounting software solution to track donations, income, expenditures, bookkeeping, invoicing and reporting to access the exact data across the organization.
Having a unique set of accounting needs and to maintain the accuracy of funds, non-profit organizations call for tailormade nonprofit accounting software. Running their business on funds from grants, donations, and giftings; they have to very sure of the source of funds and the expenditures incurred.
Why Do Non-Profits Need Accurate Accounting Software?
Operating in different legal entities, different currencies and being monitored under different tax legislation; non-profits need to be very accurate and precise with their fund handling. Running on other’s money and having to comply with multiple jurisdictional rules and regulations, NPOs cannot afford to go wrong with accounting.
Say goodbye to the time taking tedious tasks of managing numerous spreadsheets and manually reconciling each of the ledgers. The multidimensional powerful Nonprofit accounting software by WordSys Information Technology gives you the freedom to aggregate transactions and financial handlings across the border on a single web platform. Bringing digital transformation in the tech world being their forte, WordSys Information Technology excels in developing budget-friendly software for non-profit organizations.
5 Major Keys Of Non-Profit Accounting Software
Having to deal with cross border transaction and grants and donations from all around the world, the 5 major keys to look for in accounting software are:
Handling all the 5 multiples for you, the accounting software boosts your nonprofit’s performance like ever before.
Unique Accounting Benefits The Software Brings To You
Comprehensive fund accounting
Non-profits receive thousands of grants and donations from thousands of donors grouped under different income heads. The donors rightfully demand the statements to monitor where their funds are going. Create separate revenue sources for each head and simultaneously generate specific reports for each of them with fund accounting software.
Customized Accounting charts
Create customized accounting charts to suit the requirements of your nonprofit and for seamless fund tracking and performance analysis. Color code different projects and fundraising campaigns with unique tags and colors to access the projects in seconds by simply looking at the color tags.
Donation and gift trackers
Without having to scroll through innumerable spreadsheets and burn your brains, easily identify your taxable donations and income. Keeping a track of donations, subscriptions, grants, gifts, and all other income sources and segregating the tax-deductible ones; enjoy seamless and simplified tax filing.
Automated donation batches
Customize the software as per your needs and get the software programmed based on donation batch criteria. Having the criteria already programmed, autofill your donors under the specific batch based on the purpose/ currency/ geographical locations and so on.
Financial statements and reporting
Whether a profit-based or nonprofit based, no company can afford to run on losses. Generate financial statements such as Balance Sheet or Statement of Funds to get the detailed insights of your figures. Comparing the budgetary reports to actual accounting reports, track the financial health of your organization.
Track your donations once for all and magically filling it under the right donation group, handle your funds effectively and flexibly with Nonprofit Accounting Software.
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