Fund Accounting Software Review
#1 Serenic Navigator - Solution for not-for-profits                   
Review date: 08.16.2012

Description:

Serenic Navigator's public sector software provides a better platform for process improvement by eliminating your organization's financial management pressures. It has earned the certified for Microsoft Dynamics accreditation. Enables to increase and productivity across all departments.

Screenshots

Price:

Free demo

Advanced Features:

  • Core financial fund accounting
  • Workflow routing
  • Billing and receivables
  • Financial reporting and fixed assets
  • Cash and investment management
  • Automatically balance funds
  • ERP and fund accounting system

Review:

Best of all, it can streamline integration with a wide range of applications and maximize existing investments in Microsoft products.
  • Fully integrated financial and operational software.
  • Easy tracking of commitments and encumbrances with cross-fiscal year budget preparation.
  • Integrated solution for the public sector.
  • Builds on the Microsoft Dynamics NAV platform.
  • Budget planning and control tools.
  • Ability to streamline your business processes.
  • Offers a suite of products including CommunityCare and web-based directories.
  • Can be used in after the fact mode for recording payroll entries.
  • Enables you to manage relationships and transactions with donors and members.
  • Fund accounting features available for governmental agencies and department.
This software for nonprofits and non-governmental organizations combines both the technology and ERP applications from Microsoft Dynamics-NAV. Moreover, it allows you to allocate expenses in real-time to increase accuracy of data.

#2 Asysy:Financials - Accounting System                                  
Review date: 01.16.2012

Description:

Designed specifically for use by local governments and not-for-profit organizations. this full-featured accounting system enables you to support unlimited tasks and cost codes within each project. Allows you to effectively handle your municipality’s specialized needs.

Screenshots

Price:

Free demo

Main Features:

  • Transactions available for analysis.
  • Tracks expenditures within the fiscal year
  • Runs single user or networked PC environment
  • Produces an integrated check register
  • Documents can be attached to your project database
  • Project status reports

Review:

  • Centralized control over tax billing process.
  • A built-in calculator allows you to spread a fixed budget amount or to allocate the same amount over more fiscal periods.
  • Provides a centralized cash register function .
  • Microsoft Windows-based municipal software for the public sector.
  • Ability to assess finance charges and to accommodate variable sales taxation.
  • Allows you to move the entire budget process to Excel.
  • All reports can be printed to Word.
  • Handles payment acceptance, accounting.
  • Reports can be generated for any time period.
The asyst system requires Windows and hardware must have a Pentium III or Pentium 4 processor running at a minimum of 500 MHZ. Besides, a laser printer is necessary for printing the asyst monthly reports.
#3 FastFund Nonprofit Software                                                 
Review date: 01.05.2012

Description:

Designed by CPAs, FastFund Nonprofit Software is a cost-effective software fund accounting. This donor management software allows an organization to track all accounts and expenses. In addition, it can work as a stand-alone application.

Screenshots

Price:

From $299.00

Software Summary:

All new users receive 90 days of free toll free telephone support.

Main Features:

  • Reversing entries
  • Fund balancing audit report
  • Cost allocations add-on module
  • Nonprofit terminology on reports
  • True fund accounting
  • Automatic budget creation

Review:

Provides consulting services to help you design effective accounting and fund raising.
  • Guarantees accountability to funding sources.
  • Provides all the controls necessary to create FASB compliant reports.
  • Free trial version available.
  • It will help you take control of your nonprofit accounting.
  • Reduces audit fees and maintain proper controls.
  • Checks can be printed with standard check stock.
Please note that additional add-ons and modules are available.

#4 Bluebird Software - Windows based Accounting Software    
Review date: 01.12.2012

Description:

Each module comes with many drill-downs and lookups to put information at your fingertips including customizable chart of accounts and general ledger and journal entry modules. You can create customized mailing and calling lists.

Screenshots

Price:

Free demo

Software Summary:

Donation and Building Fund Manager belongs to the Bluebird accounting application.

Main Features:

  • Windows-based program
  • Payroll tax updates for 12-month
  • Unlimited user-defined fields
  • Free upgrades and technical support
  • Real-time accounting

Review:

Besides, Bluebird Accounting is a full-featured, user-friendly accounting package.
  • Fund accounting system and financial management solution.
  • Includes payroll and human resources, billing and revenue management.
  • Application for both businesses and not-for-profit organizations.
  • Includes accounting modules and numerous add-ons for municipal and the public sector.
Overall, you can track sales by customer or product type. Profit reports and inventory sales history. Multiple warehouse feature allows you to buy and sell goods for different warehouses or branches. Minimum System Requirements: Pentium 500 MHz computer with 64 MB RAM minimum.

#5 eFinancePlus - Web based software                                      
Review date: 01.12.2012

Description:

SunGard Public Sector offers software solutions designed to help increase productivity for local government and K-12 education. As web-based fund accounting and human resources solution for local government, they operate on IBM’s system platform including community development.

Screenshots

Price:

Free Demo

Advanced Features:

  • Updates real-time student information
  • 100% web-based technology
  • Ease of implementation and deployment
  • Integrated Reporting
  • Warehouse inventory
  • Public sector fund accounting system
  • Web-based dashboard
  • Intelligent workflow procedures

Review:

Best of all, the software allows you to manage the outsourcing of government services to third-party providers.
  • Enables you to reduce IT costs for your organization.
  • Complete payroll, applicant tracking, designed specifically for local government requirements.
  • Enables you to generate an extensive number of state and regulatory reports.
  • Tools to help organizations of any size track cross multiple periods.
  • Shows detailed budgetary performance, employee statistics and purchases.
  • Allows employees to view payroll and leave history.
  • Includes all of the software modules most organizations require, in one solution.
  • Delivers the tools to make smart strategic decisions.
  • Comprehensive financial management solution.
  • Gives access to actionable insights drawn from financial data and community.
  • The Plus Series provides government administrators and reporting options.
Overall, applications also include demographics, benefit statements and attendance history.

2012 Fund Accounting Software Comparisons
  • We rank the best software with side-by-side comparison that are well-suited to the needs and missions of non profit and government.

    These solutions can be used by larger organizations and those with more complicated accounting situations.

    The brands in fund accounting solutions include Accufund, Cougar Mountain’s CMS Fund Suite, CYMA Not-for-Profit Edition. No matter what kind of software you are looking for this heading can help you find it.

    Whatever system you choose, pay attention to the needs and costs for ongoing staff training and custom reports.

    See Side by Side Comparison


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