Is it a TRUE fund accounting system or is it a modified commercial application?
A good fund accounting system needs to be developed from the ground up. Some vendors offer commercial systems with fund accounting “overlays”. If this is what they are selling, be leery of the product. • How long has the product been on the market? New products may have more Flash, however they tend to be less stable. Look for a balance between the two. More mature products also tend to be more feature rich because they have received many enhancements over a long period of time. • Is it a batch system or real time? This is very important, especially if you are a government operation. Real time processing is necessary to check budgets, spending limits, etc. because government budgets are legislated. They are the law! Nonprofits can also benefit from real time processing because it is generally much faster. It eliminates processing steps, saving time and money. • Has it been designed and programmed using Microsoft’s Windows 9X design guidelines? If the guidelines have not been followed,
Related Questions
- EDU> Subject: Re: Fund Accounting System >Hi All, >Does anyone on the list have some information about any application >written using Oracle software for Fund Accounting?
- EDU> Subject: Re: Fund Accounting System >Hi All, >Does anyone on the list have some information about any application >written using Oracle software for Fund Accounting?
- Can the Banner system be modified to accommodate grant accounting periods as well as typical fiscal year periods?
- What is fund accounting? How does it differ from a general business accounting system?
- What is fund accounting? How does it differ from a general business accounting system?
- Is it a TRUE fund accounting system or is it a modified commercial application?
