There’s never been more accounting software or enterprise resource planning (ERP) systems than there are today, with several claiming nonprofit expertise. However, QuickBooks has become the most popular accounting software for nonprofits without even trying. Why then are so many nonprofits moving away from QuickBooks? Is it because QuickBooks...
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This is the seventh and final post in our blog series: Best Practices for Selecting Nonprofit Accounting Software The typical accounting software lifecycle is 5-10 years for nonprofits, so you’re looking at a long-term investment. Keeping your new accounting software viable is achieved by implementing upgrades and proactive maintenance....
Read More This is the sixth post in our blog series: Best Practices for Selecting Nonprofit Accounting Software Congratulations! You’ve decided upon the right accounting software for your nonprofit, gotten approval from your board and signed on the dotted line. This is truly an accomplishment, but now is when the rubber...
Read More Intacct cloud accounting software is increasingly chosen by nonprofits to maximize their “return on mission,” including foundations, healthcare providers, associations, social services, and faith-based groups. More specifically, Intacct does this by offering three things that save nonprofits a bundle. The first is a standard discount on the software. The second...
Read More This is the fifth post in our blog series: Best Practices for Selecting Nonprofit Accounting Software In order for you and your team to make a final decision on which nonprofit accounting software is right for your organization, we recommend that you have your short list of accounting software...
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One of the most time consuming tasks of many non-profit accounting departments is making sure that expenses are properly allocated across the various programs and grants. It doesn’t have to be time consuming, though. With the proper accounting system, allocating expenses can be a breeze. Microsoft Dynamics GP, for...
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As part of Microsoft’s unprecedented period of product launches in 2012, More and more organizations are utilizing Microsoft new release technologies to help save time and money. Microsoft Dynamics GP 2013, expected to be available Dec. 19, introduces significant new features and capabilities designed to help organizations and that...
Read More Beyond basic reporting Today’s businesses simply expect real-time access to decision-driving information and reports. With Microsoft Dynamics GP, you can go well beyond basic reporting and use familiar tools and formats to make decisions that can take your business further, faster. Transform sales strategies with advanced analytics such as...
Read More Encumbrance is an accounting technique that protects budgets from being overspent. The Microsoft Dynamics GP Encumbrance Management module is designed primarily for not-for-profit and governmental organizations. It is easy to set up and well-suited to control budgets in situations where there are distributed spending entities. Encumbrances are essentially a...
Read More In attempt to significantly improve the financial transparency of nonprofit organizations, the IRS expanded required disclosure in the Form 990. In the article “Nonprofit Disclosures to IRS Not Living up to Expectations” Michael Cohn of Accounting Today, an online business news publication for the tax and accounting community, discusses...
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