Do Nonprofits Need “True” Fund Accounting Software?
Fund Accounting by definition, is the separate accounting of resources that are “restricted”, either by donors or by the organization, for specific purposes. Each restricted resource constitutes a “fund”; where the assets, less the liabilities, are the net fund assets. To record these multiple funds to the many varied accounts, requires “true” fund accounting software. True fund accounting software can easily track funds, grants, endowments, projects, programs and more – even across different fiscal year ends – without resorting to manually-prepared spreadsheets. Involved budget scenarios and checking are a snap! NP Solutions, Inc, specializes in providing, implementing and supporting,”true” nonprofit fund accounting software to nonprofits like yours!
