FastFund Nonprofit Software, created by certified public accountants (CPAs), performs fund accounting operations for nonprofit organizations. The system’s modules include fund accounting, accounts payable and receivable, cost allocations, payroll and fundraising donor management.
FastFund Nonprofit’s fund accounting functionality allows three kinds of restrictions - temporary restriction, permanent restriction, and unrestricted. Each separate fund has its own automatic year end closing entry at the end of each fiscal year. Programs with multiple funding sources can be incorporated into single consolidated expense reports as well.
The system’s components are available as a fully integrated solution, or the buyer can alternatively purchase each module separately as needs change. FastFund Nonprofit Software can also manage grant requests, conform charts of accounts to user-defined preferences, and produce reports that comply with FASB-117 standards - readymade for the audit procedure. Reports can cover multiple fiscal years, and can be printed to multiple different file formats (including PDF and Excel).
The payroll component is flexible, arranging taxes and pay by amount of time worked, percentages, and other criteria. Reflecting the system’s overall flexibility, its use has proliferated among many types of nonprofits - such as health care, religious organizations, arts foundations, and others.
Another benefit of FastFund Nonprofit Software is its affordability. Not only is it one of the few fund raising and accounting systems priced under $2,500, but it also comes with 90 days of technical support - free of charge.
Estelle from Mobility International USA
Date: June 2011
Casey from Casey J. Russell CPA, Inc.
Date: May 2011
William from South Bend Museum of Art
Date: May 2011