FastFund Nonprofit Fund Accounting Software


 

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.

 

FastFund Nonprofit Fund Accounting - Transaction Entry – Vendor Invoice
 
  • FastFund Nonprofit Fund Accounting - Transaction Entry – Vendor Invoice
    Transaction Entry – Vendor Invoice
  • FastFund Nonprofit Fund Accounting - Control Register – Accounts Payable Account
    Control Register – Accounts Payable Account
  • FastFund Nonprofit Fund Accounting - Cash Receipts – Accounts Receivable
    Cash Receipts – Accounts Receivable
  • FastFund Nonprofit Fund Accounting - Payroll Journal
    Payroll Journal
  • FastFund Nonprofit Fund Accounting - Donor Management – Cash Gift
    Donor Management – Cash Gift
  • FastFund Nonprofit Fund Accounting - Donor Record – Main screen
    Donor Record – Main screen
Supported Operating System(s):
Windows 7, Windows Vista, Windows XP, Mac OS, Windows 2000

47 Reviews of FastFund Nonprofit Fund Accounting

 

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Software Advice Reviews (3)
More Reviews (44)

Showing 1-3 of 3

Estelle from Mobility International USA

June 2011

Date: June 2011

 

Casey from Casey J. Russell CPA, Inc.

May 2011

Date: May 2011

 

William from South Bend Museum of Art

May 2011

Date: May 2011

 
 
Showing 1-20 of 44

Duc from FPT Corporation

January 2017

January 2017

FastFund Online Nonprofit Software Solutions

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
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Quality
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Support

FastFund Online Nonprofit Software Solutions provides cloud-based fund accounting, fundraising, and payroll. Each module can be purchased individually or seamlessly integrated. FastFund provides an easy and affordable way to help you're nonprofit become more sustainable and accountable to your funding sources.

Source: Capterra
 

R from Newaygo County Museum and Heritage Center

December 2016

December 2016

Reasonably priced for even the smallest nonprofit!

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
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Support

We were looking for accounting software that our nonprofit would not outgrow. What a bonus to integrated donor software available. Love the responsive support! The learning curve is reasonable. The more we use it, the more we love it!!

Source: Capterra
 

David from Child Saving Institute
Number of employees: 51-200 employees Employees number: 51-200 employees

November 2016

November 2016

Fast Funds meets our needs!

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
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Functionality
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We have used Fast Funds for over 12 years. During that time, our organization has become more complex. Fasts Funds has kept up with changes and is able to accommodate nearly all of our needs.

Fast Funds online works really well. We never worry about losing data and response time is normal 99.99% of the time. Customer Service is very responsive. Often, we ask how use a function. The Fast Funds representative will remote into our computer and show us using our own data and login. This is really helpful.

Recent enhancements have been really helpful. It would be helpful to have a little more flexibility on the content and sorting of client balance due statements. A fixed asset module that allows creation of fixed asset lists and depreciation amortization schedules would also be helpful.

It is a great value for the money.

Pros

Very easy to learn and use. Never have issues logging into the online system and using the available functions. Price is very reasonable. Customer service is very friendly. The staff know us and remember some of our previous requests. This enables them to be very helpful when we have new questions or issues.

Cons

The AR functions have improved significantly over the years. Nevertheless, the customer statements are hard to read and cannot be customized. Invoices can only be identified by numbers not letters. We tend to prefer letters. There also isn't a place to keep collection notes.

The only area of concern is fixed assets. There isn't a module. As a result, we keep our list in Excel and use Excel to calculate depreciation. Our auditors recommend we purchase a fixed asset system.

Advice to Others

Customer service is really good and very helpful. I have never had a complaint about service. We have used this software for over 12 years.

Source: Capterra
 

Lucy from ALARM Inc

November 2016

November 2016

A good accounting product

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Have really liked the day to day use of this software, with good access to a knowledgeable support team. The one thing that I have disliked in the 4+ years I have been using this is the change to report writers earlier this year, where it is no longer quick and easy to get a download of all transactions posted to a particular income or expense line item.

Pros

Flexible; gives all the reports I need. Easy to use.

Cons

report writing functionality for getting a download on any particular income or expense line item

Source: Capterra
 

Bryan from Japanese American Service Committee

November 2016

November 2016

FastFund gets high marks for its functionality and ease of use

Ease-of-use

Functionality

Product Quality

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Value for Money

Ease-of-use
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Our non-profit organization has been using FastFund software for years. We have found it to be very intuitive and easy to use. There have also been numerous improvements to the functionality of the software through the years. If there are any specific questions we have, we have found the customer service to be very responsive. At present, it offers all that our agency requires and we highly recommend it.

Source: Capterra
 

Quintonia from Bridge II Sports
Number of employees: 2-10 employees Employees number: 2-10 employees

November 2016

November 2016

Bridge II Sports

Ease-of-use

Functionality

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Customer Support

Value for Money

Ease-of-use
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Functionality
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Support

The software is very good and the support is awesome. When ever you need some information the response time is very good.

Thanks for all your assistance!!!

Pros

Being able to import information.

Cons

The customized reports because I need to understand it more.

Source: Capterra
 

Josephine from World Institute on Disability

November 2016

November 2016

FastFund review

Ease-of-use

Functionality

Product Quality

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality

One of the issues that I encounter on a regular bases are "memo" fields not allowing for enough characters. Some of our memo entries need longer descriptions and abbreviating and/or truncating may cause comprehension challenges later on. When creating vendor invoices, the "reference" field also doesn't allow enough characters to be entered. I'd wished the webinars on how to use FF would be with captions. As it is now, they are not accessible to individuals with hearing loss.

Source: Capterra
 

Doris from Elim Lutheran Church
Number of employees: 11-50 employees Employees number: 11-50 employees

November 2016

November 2016

A great way to do fund accounting for churches and other non-profits

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
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I had been using QuickBooks for 15 years to keep our church's books. But it never quite handled our many funds and I often had to spend a lot of time sorting it all out. I've been using Fast Fund for about 10 months and have been very impressed with the customer service as well as the very detailed user guide that is easy to access from within the software. But mostly I love the way it keeps each fund separate but still all together in one system. We can run reports on one fund, a few of them combined or for the entire organization. My suggestions for improvements have been worked on promptly and I can always depend on getting personal help over the phone when it is needed.

Pros

Ease of use, customer service and great reports.

Cons

Can't drill down on most reports, some data entry is not as easy as in QuickBooks.

Advice to Others

Give it a try!!

Source: Capterra
 

Michelle from South East Consortium

November 2016

November 2016

South East Consortium

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
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Functionality
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Support

We have had good experiences with the online program. At this point, my only issue is that I used to be able to print more than one client detail statement at a time, now I cannot. I also used to be able to enter their client number instead of their name in the client detail statement, that makes it a little more time consuming.

Source: Capterra
 

Amy from Outfitters4, Inc.
Number of employees: 2-10 employees Employees number: 2-10 employees

November 2016

November 2016

Why Outfitters4 uses FastFund Accounting.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
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Support

Outfitters4, is a management services firm for nonprofits and one of our main services is providing full-service bookkeeping for nonprofit organizations. As we started our company and planned to offer our full-service bookkeeping services, we researched a number of accounting systems and ultimately settled on FastFund Accounting. We have found FastFund Accounting to be a true nonprofit, fund accounting system that gives us the functionality we need to help our clients demonstrate the stewardship and accountability that donors, auditors, and funding sources require. The basis of this true fund accounting system is a segmented chart of accounts that can be customized to meet each organization's unique structure and needs. The multi-dimensional, table driven account system easily generates financial reports that measure each of our clients' funds, programs, grants, projects, and activities.

Using this system, we are able to create FASB-117 compliant financial statements that can be customized to report on all segments of our clients' organizations and provide our clients with the information needed to monitor program effectiveness. It also provides us the ability to report on grants and programs that fall within a fiscal year, cross fiscal years, and that span multiple fiscal periods. We have found that we can create custom reports without having to manipulate data using external spreadsheets, as well as use the comprehensive budgeting functions to create line item budget details for each revenue and expense account for programs, departments, grants, and funding sources. We can also create multiple budget revisions for a fiscal year for budget controls, reporting, and budget history tracking.

Since we first started talking with them about using their system, the staff at Araize have been wonderful to work with. They have a great breadth of knowledge about nonprofits and their accounting needs and are always happy to help answer any question that we or our clients have. They also understand that there is always room for improvement and are responsive to requests for system enhancements.

We have been and continue to be very glad we decided to use FastFund Accounting!

Amy Justice
President
Outfitters4, Inc.

Source: Capterra
 

Jo Ann from Club Duck Key

November 2016

November 2016

Great Company to Work With

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

I have worked with the Fast Fund system in several of the non-profit organizations for which I have worked for. The customer support of the Araize is superior and I am also happy with their response to any issue I have had. In addition it is great to get to talk to a "real person" when you call for help.

The webinars they provide to help keep their customers up to date as also helpful.

I have been very happy with my experiences with the Araize staff.

Source: Capterra
 

John from Auxiliary at Twin Lakes Center
Number of employees: 501-1,000 employees Employees number: 501-1,000 employees

November 2016

November 2016

Remarkable

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Very pleased . Easy to learn and use. User guide is excellent. Tech support is very good. I have used many Accounting systems over the years and Fast Fund rates among one of the more enjoyable and user friendly systems I have used.

Pros

Ease of use and good reporting.

Cons

A minor problem while typing the name of the Payee. Letters are dropped while typing in the name at normal speeds.

Advice to Others

Nope

Source: Capterra
 

Elizabeth from One Heart Bulgaria
Number of employees: 2-10 employees Employees number: 2-10 employees

November 2016

November 2016

Easy and user friendly.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Our charity has had all its needs met through this program. The program is easy to use and staff is exceptionally helpful when help is required.

Pros

Access anywhere.

Cons

The memorized transactions require me to create and then edit them. It would be nice to be able to edit them as I create them rather than having to go find them.

Advice to Others

I would love a training video or reference guide on how to program my emails to draw from other program information (how do I insert our/donor address, change color or layout, etc?).

Source: Capterra
 

Leona from Lubeznik Center for the Arts
Number of employees: 2-10 employees Employees number: 2-10 employees

November 2016

November 2016

Fundraising and Accounting programs

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

The only problems we've had with the programs and integration can be traced back to user error. Many people input information and any lack of consistency causes trouble. Garbage in garbage out. We're on our way to fixing that issue.

Pros

The customer service is what I like most. No matter how much trouble I or the staff get us in to, the Araize staff responds immediately, gets it fixed, and never make us feel like idiots. They are the best.

Cons

If we had a lot more money to spend we could probably enjoy a more powerful program but we are quite satisfied.

Advice to Others

Take care with your initial setup and your data input. That's been our biggest challenge.

Source: Capterra
 

Ramon from LOPEZ OSUNA ACCOUNTING

November 2016

November 2016

Surprised!

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Customer service has been great since day one.
Was personally guided throughout the start up process.

Source: Capterra
 

Kurt from Conscience International Inc

November 2016

November 2016

Araize Review

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Overall very good, but I need to have payroll improved and upgraded with all tax reporting being set in place and payroll reporting is very weak as all reports need to be mailed in.
The service was good when I could call Joe, but service is not easy to reach anymore so that aspect is not good.

Source: Capterra
 

Rebecca from RMHC of the Bluegrass
Number of employees: 11-50 employees Employees number: 11-50 employees

November 2016

November 2016

Perfect for my non-profit charity

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

I've been an Araize user for a little over two years and it is perfect for our charity. We budget at about a $1,000,000 per year and are diligent about pushing a majority of our resources towards program related expenses. I love that I don't have to sacrifice quality with Araize - it's a great product at a great price point.

Pros

It gets the job done and the support (I usually talk to Joe) is top notch.

Cons

The reports aren't super intuitive.

Source: Capterra
 

Roger from Seeds of South Sudan

October 2016

October 2016

Serving a special need

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

As compared to commercially available "accounting software", I feel that Araize has created a package that is much easier for a "novice" to use in support of a non-profit's needs. We are not all accountants, or CPAs, so this makes it possible to keep track of financial information without a paid professional!

Source: Capterra
 

doug from NY museum
Number of employees: 11-50 employees Employees number: 11-50 employees

October 2016

October 2016

Fast Fund Accounting Solution, best value and user friendly

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

this application is priced right, easy to use and learn, good support, Cloud based eliminates backup and disaster recovery concerns, free training webinars and video library.

Pros

Priced right, easy to use and learn, good support, webinars.

Cons

nothing

Advice to Others

Stable and user friendly.

Source: Capterra
 

Flordeliza from Suwannimit Foundation
Number of employees: 11-50 employees Employees number: 11-50 employees

October 2016

October 2016

User-friendly, cost-effective accounting system every nonprofit of any size should have.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

I have been using and endorsing FastFund to our foundation and its partners for 8 years now. We had seen how FastFund grew, and especially nowadays, the company is more aggressive in providing the best features at the best value. My work is focused on building capacity of grassroots organizations in their financial management starting generally on their accounting system. I endorse FastFund because I know the ease of use and its functionality which is perfect especially for an under-resourced organization and where they assign persons with no accounting background to handle accounting functions. FastFund has been instrumental in enabling these organizations to meet compliance from donors and has contributed to the sustainability of the organization. It has also steered interests from managers to look into the financial side of their activities because of the timeliness which FastFund was able to contribute and the flexibility to be able to generate budget reports, budget versus actuals reports, monthly trending of expenses, cash flows, expenditure reports for donor reports, and regulatory reports. Reconciliation has been very easy to teach from the features of the program and tracing of records is also very easy. Several donors who had seen the program had been expressing their sentiments that if only they had a program same as what we are using. Accounting functions has been greatly simplified and that the other freed time can be spent on strengthening other areas of operations such as documentations and policy reviews. I will highly recommend FastFund to any civil society organizations (CSOs) of any size. It will definitely add value to your organization and it will ease up the stress brought about by financial management issues from poor accounting system. If you are an international organization, you can also endorse this to your partners/subgrantees. I know of INGOs who were desperate on their subgrantee's accounting system and made the wrong decision of purchasing an accounting program not designed for nonprofits and worst, the program has a thousand features which is not useful for the organization. The subgrantee had no choice but to use a program which is not helping them and eventually, they stopped using it. Wasted resources and an unnecessary stress. Make that right decision and you will not regret it. That is for sure.

Pros

User-friendly, highly functional, cost-effective, customer service is great.

Cons

May not be accessible for groups based on countries where internet is not yet accessible.

Source: Capterra
 
 
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