If your organization begins to struggle with tracking and reporting, find yourself using one-off spreadsheets and manual workarounds, experience growth and an increase in funding sources, or get that recommendation for improved accounting processes and systems from your auditor –it’s time for a more robust nonprofit accounting solution.
A proper fund accounting solution allows you to track multiple revenue sources and budgets, meet compliance and reporting requirements, make informed financial decisions, manage proper security and controls, and maintain 24/7 audit-ready financials.