Fund Accounting Software Features

Accounts Payable

Track money owed to a company's creditors/suppliers

Accounts Receivable

Track outstanding invoices and the money owed from clients

Activity Dashboard

Dashboard to view activity

Bank Reconciliation

Compare and match accounting/financial records with corresponding bank statements

Budgeting/Forecasting

Allocate expenses needed

Compliance Management

Track and manage non-adherence to policies in a service, product, process, or supplier behavior

Donation Tracking

Track and view detailed financial donation history made by contacts and members

Donor Management

Track and maintain donor relationships throughout various stages/activities including contact information and previous outreach

Financial Management

Provide a comprehensive overview of organization's finances

Financial Reporting

Generate statements to gauge performance and financial position (ie. income statement, balance sheet)

Fund Management

Manage allocation and performance of assets kept in different funds (often put into separate bucket for a specific purpose)

General Ledger

Centralized accounting record which tracks all financial transactions

Purchasing & Receiving

Buy necessary items in compliance with established business policies

Reporting & Statistics

View and track quantitative data

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