Benefits for Your Business
5 Things to Consider When Selecting Nonprofit Accounting Software
Learn how to properly identify and evaluate a true nonprofit accounting solution.
NonProfitPlus enhances the Acumatica cloud ERP experience for nonprofits, providing the unique functionality required to run a successful not-for-profit organization. NonProfitPlus empowers organizations through effective financial management, offering a suite of modules that is tightly integrated with Acumatica Financial Suite, Time and Expense, Fixed Assets, and the Distribution Suite. The Acumatica Nonprofit Accounting Suite enables your organization to demonstrate accountability and stewardship, maintain funding sources, and engage leadership by analyzing your true financial picture.
- Fund Accounting
- Restricted Funds Management
- Grant Management
- Encumbrance Accounting
- Budget Verification and Validation
- Board Management
- Volunteer Management
- Enhanced Audit Trail
NonProfit Accounting Modules
The Acumatica Nonprofit Accounting Suite enables your organization to demonstrate accountability and stewardship, maintain funding sources and engage leadership by analyzing your true financial picture.
Demonstrate your accountability and stewardship
As a not-for-profit organization, your financial software should emphasize your accountability rather than your profitability. With NonProfitPlus, you can easily track revenues with purpose restrictions against the expenditures made for those purposes. Our Fund Accounting module allows you to bring balance to funds and maintain accounting integrity between defined dimensions.
Restricted Funds Management
Properly define funds and eliminate commingling of cash
Nonprofit Organizations live within a complex legal and financial environment. Although restricted funds are a welcomed source of funding, nonprofits are legally obligated to honor directives regarding the use of their gifts. NonProfitPlus provides the ability to define and manage how cash is received and expended without over-complicating the data entry process.
Maintain your funding sources
Managing grants is an afterthought in most accounting software systems. We engineered our product to allow you to manage, track, and report on grants, even if the grant life supersedes the financial year. NonProfitPlus allows you to easily complete daily tasks surrounding grants, such as ensuring proper data entry, managing budgets, tracking expenses, and maintaining proper reporting requirements. Grant money should be a gift, not a burden.
Analyze your true financial picture
Do you wish you could get a better picture of your organization’s true financial snapshot at any moment? NonProfitPlus understands your need to reserve funds to fulfill a future obligation. This is why we allow you to record these obligations at the time they are foreseen, even if the services haven’t yet been rendered or the billing hasn’t taken place. This protects you from overspending the program’s budgeted items.
Additional Nonprofit Management Features
Budget Verification and Validation
Protect your budget
We understand the financial restraints which within nonprofit organizations must do business. For this reason, protecting the budget is a primary operation of the NonProfitPlus system within Acumatica. During system setup, you will be able to decide if you would like to warn users or prevent users from releasing transactions that put your organization in an over budget scenario. You can also specify certain users to be “over budget approvers” or decide to never allow any activity that exceeds budget. The options are for YOU to decide!
Engage your leadership to raise financial awareness
Imagine arriving to a routine board meeting and jumping right into a productive conversation about the success and direction of your organization. Our Board Management Solution gives your board members 24/7 access to specific data that you find relevant concerning budgets, restricted funds, staffing, etc. NonProfitPlus allows you to effectively communicate with board members before taking a seat at the table, granting your leadership time to discuss what really matters.
Report and track volunteer contributions to secure additional funding
People are the beating heart of every nonprofit and often these people are passionate volunteers. Although it can seem like an extra task to do, every nonprofit should be tracking and reporting on volunteer hours. Not only does this allow you to recognize and appreciate your volunteers, but you will be able to prove your effectiveness and meet donor requirements for matching funds along with being GAAP compliant. GAAP specifies two rules for recording volunteer service. Our Time Card and Time Tracking will allow you to easily track volunteer time and produce accurate reports to be used for requesting additional funding.
Enhanced Audit Trail
Know what is happening in your software
Acumatica Cloud ERP gives you a complete audit trail that stretches across all modules so that you can understand who, when and where transactions were entered and approved. In a sector where compliance and integrity often directly relate to funding, a comprehensive audit trail is a must have.