Accounting systems for not for profits
Peter Papano (Chief Financial Officer)
| Feb 10, 2010I recently joined the board of a not for profit. Has anyone recently evaluated accounting systems designed for not for profits?
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Answers
Company: in-between
Hi Pete
I can give you some recommendations, but I would like to know a little about the organization; type/mission, operating budget, and software budget.
Company:
This not for profit has a relaively small staff (less than 20), has some revenue generating activities, including consulting and advisory services and an endowment.
Company: Bankers Realty
I am in the same position being on the board of an NPO. Due to cost restrictions and having used QuickBooks before I found that this $150 software worked just fine. When you set it up you can specify for an NPO and it will create a relevant chart of accounts. I use the classes to help keep costs and revenue tied to events that we have.
Company:
Most of my non-profit clients use Quickbooks and it works fine with some procedures designed to track and release net assets. MIP by Sage is the only software I have used that is specific to the non-profit sector--the advantage is that it allows you to create industry standard reports automatically(breaking out Stmt of activities into restricted and unrestricted portions) and automatically tracks segregates net assets....
Company:
We use the McKesson PFM/PMM products. They generally work well for us, but can be pricey at start up.
Company:
Somehow I ended up being the volunteer treasurer for a small nonprofit. I just purchased QB Premier 2010 from techsoup.org and it is working great. If you qualify, they have some terrific donations for 501(c)3 They also have Sage available.
Company: St. Dominic's Home
We use FundEZ...
Company: Harvesters - the Community Food Network
Build or buy? Looking at Doclink from Altec or building system inhouse from Sharepoint. Nice if it linked to Navision which is our ap software. What else should I look at?