Can it handle both cash and accrual basis funds concurrently?
Many operations require this ability. Example: a museum gift shop needs to be on an accrual basis, but the general fund needs to be on a cash basis. • How large can the amounts be? Some low end products cannot handle the large figures required for fund accounting. The system should be able to handle numbers up to 1,000,000,000.00. • Can the system handle the number of funds required? A good fund accounting system should not have a limit on the number of funds. • Does the software offer security? Application access should be regulated by program and user. • Is it portable? It should be upgradable or movable from system to system without conversion. • Can invoices be paid from multiple funds using a single check? Many commercial and low end fund accounting systems fail this test. It is a very important feature. It can drastically reduce the number of checks being written. • Can multiple checking accounts be used, if necessary? Some organizations need to be able to maintain multiple check
