--- title: "Best Fund Accounting Software - 2026 Reviews & Pricing" description: "Find the best Fund Accounting Software for your organization. Compare top Fund Accounting Software systems with customer reviews, pricing, and free demos." source_url: "https://www.softwareadvice.com/accounting/fund-accounting-software-comparison/" page_type: "subcategory" language: "en" --- [Home](https://www.softwareadvice.com/) / Fund Accounting Software Software Advice offers objective insights based on verified user reviews and independent product and market research. When our advisors match you to a software provider, we may earn a referral fee. # Best Fund Accounting Software of 2026 Updated August 18, 2026 On this page 1. FrontRunners 2. Popular Comparisons 3. Buyers Guide 4. Related Software Filter products 78 results ### Compare Products Showing 1 - 25 of 78 products #### Company Size - Self-Employed - 2-10 - 11-50 - 51-200 - 201-500 - 501-1000 - 1000+ #### Pricing Options - $$$$$ - $$$$$ - $$$$$ - $$$$$ - $$$$$ ### Compare Products Sort by **Recommendations**: Sorts listings by the number of recommendations our advisors have made over the past 30 days. Our advisors assess buyers’ needs for free and only recommend products that meet buyers’ needs. Vendors pay Software Advice for these referrals. **Reviews**: Sorts listings by the number of user reviews we have published, greatest to least. **Average Rating**: Sorts listings by overall star rating based on user reviews, highest to lowest. **Alphabetically (A-Z)**: Sorts listings by product name from A to Z. ### Product: Sage Intacct [Sage Intacct](https://www.softwareadvice.com/accounting/intacct-accounting-profile/) 4.28 [(715)](https://www.softwareadvice.com/accounting/intacct-accounting-profile/reviews/) Best for:Mid-size businesses ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Intacct offers several fund accounting tools in the their cloud-based software. The system helps fund managers maintain their accounts with features for grant management, donor management and government compliance.... [Read more](https://www.softwareadvice.com/accounting/intacct-accounting-profile/) ### What users love - User-friendly and intuitive interface - Robust accounting process automation - Flexible, detailed financial insights ### To take in mind - Complex and rigid report customization - Slow and inconsistent support experience - Expensive and rising subscription costs ### Best rated features: Quotes/Estimates 5.0 For Nonprofits 5.0 Vendor Management 5.0 Customer Statements 5.0 [See all features](https://www.softwareadvice.com/accounting/intacct-accounting-profile/#key-features) ### Product: Aplos [Aplos](https://www.softwareadvice.com/nonprofit/aplos-profile/) 4.46 [(187)](https://www.softwareadvice.com/nonprofit/aplos-profile/reviews/) Best for:Small businesses ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Aplos is a dedicated accounting solution engineered specifically for the unique financial demands of nonprofit organizations. We understand the complexities of managing restricted funds, grants, and diverse revenue streams while upholding transparency and regulatory compliance. Our platform provides precise tools for fund tracking, allowing your organization to clearly see how every dollar is allocated and utilized according to its intended purpose. Effortlessly generate comprehensive, auditor-ready financial reports that adhere to nonprofit accounting standards (like FASB and GAAP). Aplos offers intuitive budgeting capabilities to aid responsible financial planning, alongside automated allocation features that enhance data integrity and reduce manual effort. Gain real-time insights into your organization's financial health, supporting informed decision-making and ensuring unwavering accountability.... [Read more](https://www.softwareadvice.com/nonprofit/aplos-profile/) ### Best rated features: Customizable Reports 5.0 Membership Management 5.0 Reporting/Analytics 5.0 Financial Analysis 5.0 [See all features](https://www.softwareadvice.com/nonprofit/aplos-profile/#key-features) ### Lite $79.00/month ### Core $129.00/month ### Advanced Custom Pricing available upon request [See full pricing details](https://www.softwareadvice.com/nonprofit/aplos-profile/#pricing-and-plans) ### Product: Blackbaud Financial Edge NXT [Blackbaud Financial Edge NXT](https://www.softwareadvice.com/nonprofit/blackbaud-profile/) 4.21 [(165)](https://www.softwareadvice.com/nonprofit/blackbaud-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Blackbaud’s cloud fund accounting software Blackbaud Financial Edge NXT provides transparency across teams, security, and compliance, and reduces the need for manual processes. The fund accounting software provides a general ledger, projects, grants, endowments, accounts payable and receivable, fixed assets, banking, and more. With a personalized dashboard and customizable views, Blackbaud Financial Edge NXT enables users to closely monitor income statements, program-to-expense ratios, cash balances, and other key metrics. Blackbaud Financial Edge NXT offers real-time reporting, with one-click drill-down functionality and export capability, to enable data-driven decisions in real time. The system allows users access to grant and project accounting that allows for streamlined management of budget, as well as a way to effectively monitor accounts and generate reports. By using Blackbaud Financial Edge NXT, tax-exempt organizations can reduce dependency on manual processes, improving data entry accuracy and efficiency. Blackbaud Financial Edge NXT is backed by a company with four decades of experience in the social good space, serving nonprofits, foundations, corporations, and healthcare and education institutions.... [Read more](https://www.softwareadvice.com/nonprofit/blackbaud-profile/) ### Best rated features: Activity Dashboard 5.0 Project Accounting 5.0 Cash Management 5.0 Financial Analysis 5.0 ### Worst rated features: Financial Reporting 3.9 Donation Tracking 4.0 [See all features](https://www.softwareadvice.com/nonprofit/blackbaud-profile/#key-features) ### Product: MIP Accounting [MIP Accounting](https://www.softwareadvice.com/product/121198-MIP-Accounting/) 4.11 [(69)](https://www.softwareadvice.com/product/121198-MIP-Accounting/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary MIP is the leading accounting software designed for mission-driven organizations, including nonprofits, schools, healthcare, associations, and government entities. It provides complete financial oversight, helping you track unlimited funds such as grants, contributions, and program services while improving decision-making, donor engagement, and operational efficiency. MIP simplifies complex financial processes so you can manage every dollar with confidence. Backed by expert support, training, and a true nonprofit focus, MIP is your trusted partner for financial success.... [Read more](https://www.softwareadvice.com/product/121198-MIP-Accounting/) ### Best rated features: General Ledger 5.0 Income & Balance Sheet 5.0 API 5.0 Accounts Payable 5.0 ### Worst rated features: Payroll Management 1.0 Grant Management 1.0 [See all features](https://www.softwareadvice.com/product/121198-MIP-Accounting/#key-features) ### Product: Fund EZ [Fund EZ](https://www.softwareadvice.com/accounting/fundez-nonprofit-accounting-profile/) 4.42 [(25)](https://www.softwareadvice.com/accounting/fundez-nonprofit-accounting-profile/reviews/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Fund EZ nonprofit accounting software gives visibility into every facet of their organization. The software helps users to create and track budgets across fiscal years, detailing actual vs. budget for multiple projects, programs, grants, funding sources, departments, locations, etc. Fund EZ can be used to create and track budgets of all kinds, whether it be multiple projects or grants, different funding sources, or separate departments. The software is fiscal year independent. Fund EZ's logical interface helps users access all necessary data and sort, filter, export, print or email information. Fund EZ's basic fund accounting module is a great fit for most nonprofits, including those involved in animal welfare, healthcare, higher education, faith-based ministries and more. Fund EZ Pro is an add-on for larger nonprofits that allows for the creation of a customized chart of accounts, as well as balance sheets and customized reports. Support Features – • Unlimited Tech Support • Intuitive Help System • Upgrades & Updates • Live Online Training Classes • Onsite & Online Private Consulting • Custom Programing Available System Modules - • General Ledger • Bank Reconciliation • Budgeting • Accounts Payable • Accounts Receivable • Client Billing (Sales) • Direct Allocations • Security • Tools • Purchase Orders / Encumbrances (Requires Pro) • Indirect Allocations (Requires Pro) • Batch Processing (Requires Pro) • Dashboards (Requires Pro) • Fundraising (Add-On) • Fixed Assets (Add-On) • Foster Care (Add-On) • ACH Payments (Add-On) • XL Report Writer (Add-On) • Positive Pay (Add-On) • AvidPay (3rd Party Integration)... [Read more](https://www.softwareadvice.com/accounting/fundez-nonprofit-accounting-profile/) ### Fund EZ Nonprofit Accounting Software - Cloud Based $140.00/month Fund EZ Nonprofit Accounting Software - Cloud Based Standard Version – 1 user, unlimited tech support, backups, upgrades, and updates all included. Additional users and modules are available to be added as needed. Contact us today for a free demo and quote!... [Read more](https://www.softwareadvice.com/accounting/fundez-nonprofit-accounting-profile/#pricing-and-plans) ### Fund EZ Nonprofit Accounting Software - Server Based $2,495.00one time Fund EZ Nonprofit Accounting Software - Server Based Standard Version – 1 user, unlimited tech support, upgrades, and updates all included (annual maintenance plan required). Additional users and modules available to be added as needed. Contact us today for a free demo and quote!... [Read more](https://www.softwareadvice.com/accounting/fundez-nonprofit-accounting-profile/#pricing-and-plans) [See full pricing details](https://www.softwareadvice.com/accounting/fundez-nonprofit-accounting-profile/#pricing-and-plans) ### Product: Dynamics 365 [Dynamics 365](https://www.softwareadvice.com/product/106335-Dynamics-365/) 4.37 [(5844)](https://www.softwareadvice.com/product/106335-Dynamics-365/reviews/) Best for:Enterprise businesses ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Microsoft Dynamics 365 is a cloud-based CRM ecosystem for small, medium and enterprise organizations, with a focus on Sales, Field Service, Customer Service complete with strong integrations with Microsoft’s other Office 365 offerings like Teams, Outlook, Excel & Word. The Microsoft Dynamics 365 ecosystem has offerings ranging from lead and opportunity management, marketing, field service, IOT, customer service, mixed reality and project service automation all allowing for a more frictionless engagement with your customers. Microsoft Dynamics CRM is available for software-as-a-service (SaaS) deployment as well as on-premises complete with a nice user interface for mobile and desktop as well as a technology stack that ensure database security. Dynamics 365 also offers strong API capabilities to help integrate to your other critical systems.... [Read more](https://www.softwareadvice.com/product/106335-Dynamics-365/) ### What users love - Intuitive interface for daily tasks - Deep Microsoft ecosystem integration - Centralized employee and HR tools ### To take in mind - Expensive licensing and add-ons - Complex and limited customization options - Steep learning curve for new users ### Best rated features: Trend Analysis 5.0 For Real Estate 5.0 Monitoring 5.0 Commission Management 5.0 ### Worst rated features: Lead Scoring 3.5 Sales Trend Analysis 3.8 Prospecting Tools 3.9 API 3.9 [See all features](https://www.softwareadvice.com/product/106335-Dynamics-365/#key-features) ### Professional $50.00/month ### Enterprise $105.00/month ### Premium $195.00/month [See full pricing details](https://www.softwareadvice.com/product/106335-Dynamics-365/#pricing-and-plans) ### Product: Eleven [Eleven](https://www.softwareadvice.com/accounting/eleven-profile/) 4.93 [(122)](https://www.softwareadvice.com/accounting/eleven-profile/reviews/) Best for:Value for money ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Eleven is a cloud-based accounting platform purpose-built for modern accounting firms that need to scale efficiently without increasing operational complexity. As firms grow, they often face fragmented systems, manual processes, and performance limitations that slow teams down and impact margins. Eleven addresses these challenges by centralizing core financial operations into a single, powerful platform designed specifically for professional practices. At the heart of Eleven is a high-performance General Ledger (GL) engineered to handle large transaction volumes with speed and reliability. This allows firms to manage increasing workloads without system slowdowns or the need for workarounds. Whether supporting a growing client base or more complex financial structures, Eleven ensures consistent performance at scale. For firms working with international clients or expanding across borders, Eleven includes advanced multi-currency and tax capabilities. These features simplify the management of global operations, reduce manual adjustments, and ensure accuracy across jurisdictions—helping firms deliver consistent, high-quality service regardless of complexity. Eleven also provides a seamless multi-company environment, enabling users to manage multiple entities from a single interface. This eliminates the inefficiencies of switching between systems and gives firms greater visibility and control over their entire portfolio of clients. Designed with scalability in mind, Eleven adapts to the evolving needs of accounting firms. By reducing manual work, simplifying complex workflows, and improving overall efficiency, it empowers teams to focus on higher-value activities such as advisory services and client relationships. With Eleven, accounting firms can increase capacity, protect margins, and deliver better service—without adding operational burden. It’s a modern solution for firms ready to move beyond limitations and build a more scalable, future-ready practice.... [Read more](https://www.softwareadvice.com/accounting/eleven-profile/) ### Best rated features: Dashboard 5.0 Cash Management 5.0 Audit Management 5.0 Transaction Management 5.0 ### Worst rated features: Bookkeeping Services Integration 4.0 [See all features](https://www.softwareadvice.com/accounting/eleven-profile/#key-features) ### Standard (Entity) $35.00/month \- Unlimited Users - Multi-entity bookkeeping - Bank feeds & reconciliation - AI powered bank extraction - AI powered invoice extraction - 170+ currencies - IAS 21 / FX revaluation - Basic reporting (P&L, BS, TB) - Basic approval workflows - Standard & custom COA - Batch processing - API access - Email support... [Read more](https://www.softwareadvice.com/accounting/eleven-profile/#pricing-and-plans) ### Professional (Entity) $40.00/month \- Unlimited Users - Everything in Standard plus: - Consolidated reporting - Custom report builder - Priority email & chat support Coming this year: - Client module... [Read more](https://www.softwareadvice.com/accounting/eleven-profile/#pricing-and-plans) ### Enterprise Custom Pricing available upon request For larger organizations and enterprises managing multiple entities, our custom pricing plans unlock advanced capabilities tailored to your unique requirements. With these plans, you’ll benefit from unlimited transactions, detailed analytics, custom reporting, and integrations with your existing tools and systems. Our enterprise solutions are built to handle the complexity of larger-scale operations, helping you maintain control, accuracy, and transparency across your entire business.... [Read more](https://www.softwareadvice.com/accounting/eleven-profile/#pricing-and-plans) [See full pricing details](https://www.softwareadvice.com/accounting/eleven-profile/#pricing-and-plans) ### Product: MoneyMinder [MoneyMinder](https://www.softwareadvice.com/accounting/moneyminder-profile/) 4.89 [(122)](https://www.softwareadvice.com/accounting/moneyminder-profile/reviews/) Best for:Small businesses ### Pricing availability Free trial: Available Free version: Available Software Advice Summary MoneyMinder is a comprehensive nonprofit financial management software designed to simplify and streamline financial operations for a wide range of group types. Whether you belong to a parent group, service club, youth club, sports team, homeowners association, professional networking group, faith-based organization, or any other nonprofit group, MoneyMinder provides the tools you need to efficiently manage your finances. Key Features: TRACK BUDGETS AND EXPENSES: Create and manage budgets effortlessly with MoneyMinder. Track income, expenses, and allocate funds to different projects and initiatives within your organization. CREATE FINANCIAL REPORTS: Simplify financial reporting with customizable templates and pre-built reports. Generate comprehensive statements, balance sheets, treasurer reports, and gain valuable insights into your organization's financial health. MANAGE MEMBERS: Keep track of your organization's members, volunteers, contacts, and donors using MoneyMinder's robust membership management features. Store member details, track dues, and easily send reminders when needed. RECONCILE BANK ACCOUNTS: Streamline the bank reconciliation process with MoneyMinder's intuitive tools. Match transactions, reconcile accounts, and resolve discrepancies efficiently, saving you valuable time and effort. STORE DOCUMENTS: Say goodbye to the paper trail. MoneyMinder allows you to store all your important documents, such as meeting agendas, minutes, forms, bylaws, IRS correspondence, bank statements, and customizable templates, securely in the cloud for easy access. CREATE AN ONLINE STORE: Raise funds conveniently with your custom online store. Sell event tickets, collect member dues, offer spirit wear, accept donations, secure sponsorships, and collect trip fees, all through an intuitive platform. MoneyMinder supports various payment methods, including Stripe, Paypal, Square, Venmo, credit cards, eCheck, and bank accounts. Additional Features: File your tax forms electronically, connect with over 12,000 banks and popular payment platforms like Venmo, Stripe, Square, and Paypal to automate transaction input, and seamlessly import data from QuickBooks to make the transition smooth. MoneyMinder is an ad-free platform with transparent pricing and no setup fees. Plus, you'll have access to U.S.-based support whenever you need assistance. Experience the efficiency and convenience of MoneyMinder for your nonprofit financial management needs. Visit our website today to learn more and get started with a reliable solution that empowers your organization to thrive.... [Read more](https://www.softwareadvice.com/accounting/moneyminder-profile/) ### Best rated features: Membership Renewals 5.0 "What If" Scenarios 5.0 Tax Management 5.0 Payment Processing 5.0 [See all features](https://www.softwareadvice.com/accounting/moneyminder-profile/#key-features) ### Full Edition $299.00/year Banking & Bookkeeping Budget-Focused Chart of Accounts (COA) Send Statements Custom Online Store People Management: Contacts, Volunteers, Members, Homeowners and Contractors Compliance & Tax Form Filing Reporting & Analytics Group Management Document Storage So much more!... [Read more](https://www.softwareadvice.com/accounting/moneyminder-profile/#pricing-and-plans) ### Optional Tax Form E-File $50.00/year Autofill and e-file Form 990-N, 990-EZ or 8868 with MoneyMinder, an Authorized IRS E-File Provider. [See full pricing details](https://www.softwareadvice.com/accounting/moneyminder-profile/#pricing-and-plans) ### Product: Xero [Xero](https://www.softwareadvice.com/accounting/xero-profile/) 4.40 [(3317)](https://www.softwareadvice.com/accounting/xero-profile/reviews/) Best for:Value for money ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Xero is a cloud-based accounting platform designed to assist small and midsize businesses with financial operations management, financial visibility and business performance optimization and more. The platform helps automate accounting tasks and maintain accurate financial records. It offers expense management tools that enable users to track and manage business expenses. Key features include invoicing, quoting, making and collecting payments, tax payment, employee and workforce management, bank reconciliation, expense management, projects handling, reporting and analytics and security measures. Users can capture receipts, categorize expenses and submit them for approval. Xero also supports expense claims, allowing employees to submit their expenses for reimbursement. It provides detailed expense reports, helping businesses monitor spending and identify cost-saving opportunities. One of the core features of Xero is its invoicing capability. The solution allows accountants and bookkeepers to create and send professional invoices to clients, track their status and receive payments online. Users can customize invoice templates to align with their brand identity and set up automated reminders for overdue payments. It supports multi-currency invoicing, making it suitable for businesses with international clients. Xero's bank reconciliation feature is designed to streamline the process of matching bank transactions with accounting records. The tool automatically imports bank transactions and suggests matches based on historical data. Users can also create custom bank rules to automate the categorization of recurring transactions. Xero also provides real-time updates on cash flow, helping businesses maintain accurate financial records. Xero includes payroll management functionalities that assist businesses in managing employee payroll and compliance. It allows users to process payroll, calculate taxes and generate payslips. It also supports direct deposit, enabling businesses to pay employees electronically. Additionally, Xero provides tools for managing employee leave and tracking work hours, ensuring accurate payroll processing and compliance with labor regulations. Xero complies with the Payment Card Industry Data Security Standard, and produces Service Organization Control (SOC 2) reports. It also offers a range of reporting and analytics tools that provide valuable insights into business performance. Users can generate custom financial reports, such as profit and loss statements, balance sheets and cash flow statements. Xero's dashboard provides a real-time overview of key financial metrics. The tool supports budgeting and forecasting, enabling businesses to plan for future growth and manage financial risks. Xero integrates with several third-party applications, including CRM systems, eCommerce platforms and payment gateways. Xero’s integrated practice management software includes Xero HQ, Xero Practice Manager, Xero Workpapers and Xero Tax. It connects businesses with their bank, their advisor, accounting tools, payment services and more. These integrations facilitate data synchronization and optimize overall operational. Data is protected by multiple layers of security, including encryption and the platform is subject to strict privacy controls as it uses multi-factor authentication.... [Read more](https://www.softwareadvice.com/accounting/xero-profile/) ### What users love - Streamlined accounting for small business - Automated and flexible invoicing tools - User-friendly and intuitive design ### To take in mind - Slow and limited customer assistance - Rising costs and limited value - Limited and inflexible reporting options ### Best rated features: Receivables Ledger 5.0 Cross Ledger Posting 5.0 Status Tracking 5.0 Credit Card Processing 5.0 ### Worst rated features: Construction Breakdowns 1.0 Discount Management 1.0 Overpayment Processing 1.0 [See all features](https://www.softwareadvice.com/accounting/xero-profile/#key-features) ### Starter $25.00/month An easy financial foundation - track cash flow with the essentials. ### Standard $55.00/month Go beyond the basics - automate tasks and access performance dashboards. ### Premium $90.00/month Future proof your scaling business - with advanced tools and analytics. [See full pricing details](https://www.softwareadvice.com/accounting/xero-profile/#pricing-and-plans) ### Product: FastFund Software Suite [FastFund Software Suite](https://www.softwareadvice.com/accounting/fastfund-nonprofit-profile/) 4.52 [(69)](https://www.softwareadvice.com/accounting/fastfund-nonprofit-profile/reviews/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary FastFund Online is the only cloud-based solution that provides a single source solutions for all your fiscal management needs, with nonprofit fund accounting, fund raising donor management and payroll in a single system. Think about all of the various management responsibilities that are essential to running a successful nonprofit organization, including grant proposals and reporting, fund raising, program management, payroll, fiscal management, and government compliance. Now think about the myriad systems that you have to manage all of these responsibilities. Wouldn’t your nonprofit be more efficient if you can combine all of these responsibilities in a single system? FastFund Online seamlessly integrates your fiscal, payroll and development systems into one complete single source solution. Now you can dedicate more resources to fulfilling your mission by streamlining processes and sharing information across the entire organization. Designed by Certified Public Accountants with over 40 years of experience in the nonprofit sector, Araize has developed a new generation of software tools that will help you maintain your entire back office accounting and development operations while properly managing grants, tracking programs, building donor relationships and demonstrating accountability to funding sources with a single integrated database and system As a nonprofit organization, proper financial management is the key to demonstrating accountability to your donors and constituents. It is essential to have the ability to be responsive to financial inquiry, whether it is from management, or external funding sources. FastFund is the right tool for the job, allowing you to work more efficiently, provide more detailed information to manage programs, be prepared for audits and help management make better and more informed decisions. FastFund will allow you to dedicate more resources to focus on and fulfill your mission.... [Read more](https://www.softwareadvice.com/accounting/fastfund-nonprofit-profile/) ### Best rated features: Expense Tracking 4.0 Financial Reporting 4.0 Accounting 4.0 General Ledger 4.0 [See all features](https://www.softwareadvice.com/accounting/fastfund-nonprofit-profile/#key-features) ### FastFund Accounting (Standard) $42.00/month FastFund Accounting (Standard) Plan is intended for accounting professionals and includes cash receipts, reconciliations, budgeting and more.... [Read more](https://www.softwareadvice.com/accounting/fastfund-nonprofit-profile/#pricing-and-plans) ### FastFund Accounting (Premium) $94.00/month FastFund Accounting (Premium) Plan is intended for accounting professionals. It provides all Standard Plan features with additional features such as accounts receivable/payable and direct cost allocations.... [Read more](https://www.softwareadvice.com/accounting/fastfund-nonprofit-profile/#pricing-and-plans) ### FastFund Fundraising (Standard) $42.00/month FastFund Fundraising (Standard) Plan is intended for fundraising professionals and includes members management, online donation processing, campaign management and more.... [Read more](https://www.softwareadvice.com/accounting/fastfund-nonprofit-profile/#pricing-and-plans) [See full pricing details](https://www.softwareadvice.com/accounting/fastfund-nonprofit-profile/#pricing-and-plans) ### Product: AccountsIQ [AccountsIQ](https://www.softwareadvice.com/accounting/accountsiq-profile/) 4.59 [(44)](https://www.softwareadvice.com/accounting/accountsiq-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary AccountsIQ is a cloud accounting software that simplifies the capture, process, and reporting of financial data. It offers intuitive tools to automate consolidation, manage budget, audit, digital VAT returns, and cash flow. It is suitable for small to medium-size businesses in all industries and is designed specifically to suit business environments where multiple entities need access to a common platform. With a flexible 3-tier General Ledger and 6 dimensions BI coding structure, AccountsIQ enables detailed and granular reporting and performance to be benchmarked across a group network. It includes 250 reports, management reporting packs, and dashboards and has an Excel Add-In and Power BI connection for customized analysis. AccountsIQ’s consolidation module makes it easy to consolidate multiple subsidiaries and manage complex ownership, handle foreign currency, centrally control exchange rates, and simplify intercompany recharging. Additionally, the stock management feature allows companies to track inventory levels and create multiple price lists. It is an ideal time-saving solution for multi-company and multi-location businesses. AccountsIQ’s budgeting feature enables users to measure actual results compared with planned budgets to analyze consistencies and variances in performance. This solution allows users to create budgets in different currencies to be converted into common currencies for comparison. Project accounting features enable easy billing and measurement against KPIs and a Time and Expenses Module enables users to manage projects and avoid Revenue Leakage. With an expense capture and approval mobile app, AccountsIQ is able to streamline workflow approvals of purchase orders and invoices. User and client access management controls are included with customizable charts of accounts, GL coding, and dashboards. AccountsIQ is easily integrated through its open API with other Cloud systems to deliver business-wide efficiencies. It is priced per-month and pricing scales depending on the number of entities and functionality.... [Read more](https://www.softwareadvice.com/accounting/accountsiq-profile/) ### Best rated features: Compliance Management 5.0 Invoice Management 5.0 Audit Trail 5.0 Profit/Loss Statement 5.0 [See all features](https://www.softwareadvice.com/accounting/accountsiq-profile/#key-features) ### Core £250.00/month Ideal for growing organisations looking to modernise core finance processes. Includes general ledger, AP and AR, bank reconciliation, budgeting and multi-dimensional reporting - delivering strong financial control and visibility from day one. A solid foundation for businesses moving beyond entry-level accounting systems.... [Read more](https://www.softwareadvice.com/accounting/accountsiq-profile/#pricing-and-plans) ### Growth £600.00/month Designed for expanding organisations managing increased complexity. Builds on Core with enhanced reporting, greater dimensional analysis and additional user flexibility - supporting more sophisticated finance operations and multi-entity environments. Ideal for teams requiring deeper insight and stronger internal controls.... [Read more](https://www.softwareadvice.com/accounting/accountsiq-profile/#pricing-and-plans) ### Scale £1,100.00 Built for multi-entity and high-growth organisations. Supports higher transaction volumes, expanded dimensional reporting and advanced functionality to streamline financial management across larger or more complex group structures. Provides the control and scalability needed to operate with confidence.... [Read more](https://www.softwareadvice.com/accounting/accountsiq-profile/#pricing-and-plans) [See full pricing details](https://www.softwareadvice.com/accounting/accountsiq-profile/#pricing-and-plans) ### Product: Grants Management [Grants Management](https://www.softwareadvice.com/accounting/grants-management-profile/) 4.58 [(19)](https://www.softwareadvice.com/accounting/grants-management-profile/reviews/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary CommunityForce, Inc. is a global technology company that offers a full range of service modules including scholarship management and grants management to manage the business operations of philanthropic organizations, educational institutions, and other nonprofit organizations. We leverage the power of next-generation data capture and business intelligence in a fully automated platform to help you break down the complex task of grants management without the need for time-consuming and costly development. Our Application Life-Cycle Management software manages and integrates the processes you need from intake, review, awarding, and post awarding for a holistic and comprehensive view - empowering your organization to make faster and well-informed decisions. Automate most application workflows with our intuitive and configurable platform so you can focus on what matters most: increasing your impact. Whether you’re a budding nonprofit or a leading organization, our simple yet scalable platform is highly flexible and is built to support the needs and complexities of evolving business environments. Reduce operational costs, automate repetitive administrative tasks and take control with our robust grant management platform.... [Read more](https://www.softwareadvice.com/accounting/grants-management-profile/) ### Best rated features: Applicant Tracking 5.0 API 5.0 Administrative Reporting 5.0 Collaboration Tools 5.0 ### Worst rated features: Customizable Branding 4.0 [See all features](https://www.softwareadvice.com/accounting/grants-management-profile/#key-features) ### Self-Implementation $3,200.00/year This package includes site deployment for one site and two mandatory Global Admin licensed users. It also provides five hours of Standard training, access to online user guides and videos, and the ability to submit tickets through the support portal (Zendesk). Any additional customization assistance required will be at an additional fee based on requirements. This plan has a 1st year implementation fee which includes two global admin licenses, subsequent year renewals are only at the license fee cost.... [Read more](https://www.softwareadvice.com/accounting/grants-management-profile/#pricing-and-plans) ### Standard One-to-One $6,400.00/year CommunityForce Implementation Team to set up one application process (including application build, evaluation process, and one fund) Includes six (6) hours of training. Pricing model: - first year implementation fee plus licenses - annually recurring: license fees Note: Application build for a client will take approx. 16hrs for basic application. This is subject to the timely availability of all information from a client.... [Read more](https://www.softwareadvice.com/accounting/grants-management-profile/#pricing-and-plans) ### Standard One-to-Many $8,400.00/year Application build for client for one application associated with many funds (funding sources) will take approx. 16hrs for basic application. This is subject to timely availability of all information from client. Package will include six hours of training session. One time cost for implementation plus annually recurring license fees. \*Additional cost depends on complexity of application and funds associated.... [Read more](https://www.softwareadvice.com/accounting/grants-management-profile/#pricing-and-plans) [See full pricing details](https://www.softwareadvice.com/accounting/grants-management-profile/#pricing-and-plans) ### Product: Eze Investor Accounting [Eze Investor Accounting](https://www.softwareadvice.com/accounting/eze-investor-accounting-profile/) 5.0 [(1)](https://www.softwareadvice.com/accounting/eze-investor-accounting-profile/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Eze Investor Accounting is an on-premise solution designed to help hedge fund offices, private equity shops, fund administrators and wealth managers handle all aspects of investor accounting processes. Professionals can use the platform to generate detailed investor statements and monthly performance reports. Eze Investor Accounting allows equity firms to manage and record accounts payable (AP) data in a general ledger for future reference. Administrators can calculate taxes and performance fee structures using aggregate and layered tax allocation methods. Additionally, it lets users calculate investor allocations and capital balances to streamline fund accounting operations. Eze Investor Accounting enables businesses to manage fund distribution and hypothetical liquidation using the waterfall methodology. Pricing is available on request and support is extended via phone and documentation.... [Read more](https://www.softwareadvice.com/accounting/eze-investor-accounting-profile/) ### Product: akoyaGO [akoyaGO](https://www.softwareadvice.com/accounting/pearl-and-akoya-net-profile/) 4.0 [(1)](https://www.softwareadvice.com/accounting/pearl-and-akoya-net-profile/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary akoyaGO offers the premier software solution designed to optimize efficiencies and maximize impact. Improve fundraising with donor segmentation and development. Increase efficiency with automated grantmaking. Manage relationships with our robust CRM. Guarantee compliance and accuracy with comprehensive fund accounting...all delivered in one single solution. ALL-INCLUSIVE Fully integrated end-to-end platform, from relationship management to fund accounting. CUSTOMIZABLE Configurable technology to accommodate the unique needs of your foundation. Because, once you’ve met one foundation, you’ve met one foundation. INDUSTRY EXPERTS Team rich in foundation as well as software expertise for best-in-class support. DASHBOARDS Access and visibility to data in real-time. POWERED BY MICROSOFT 365 Utilizes Microsoft Office tools already familiar with including Excel, SharePoint, and Outlook. MOBILE FRIENDLY Access to your data; whenever and wherever. AUTOMATED WORKFLOWS Streamlines day-to-day workflow, minimizing touchpoints and processes. CLOUD BASED Hosted on Azure for reliability and security. EASE OF USE Functionality designed by foundations for foundations. UNLIMITED USERS One fee; unlimited access.... [Read more](https://www.softwareadvice.com/accounting/pearl-and-akoya-net-profile/) ### Best rated features: Grant Application Management 5.0 Donor Management 4.0 [See all features](https://www.softwareadvice.com/accounting/pearl-and-akoya-net-profile/#key-features) ### Product: Sparkrock [Sparkrock](https://www.softwareadvice.com/erp/sparkrock-profile/) 4.27 [(11)](https://www.softwareadvice.com/erp/sparkrock-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Sparkrock provides SaaS-based finance, workforce management, payroll and employee scheduling software built for Not-for-Profit, Health and Human Services, and Educational organizations. Their software improves staff efficiency by eliminating time-consuming and error-prone multiple data entry. By bringing together data from different systems, Sparkrock make reporting simple and stress-free. Sparkrock enables organizations to transition from paper-based processes to automated and intelligent online workflows - all in a secure, Microsoft-based environment.... [Read more](https://www.softwareadvice.com/erp/sparkrock-profile/) ### Product: Banyon Fund Accounting [Banyon Fund Accounting](https://www.softwareadvice.com/accounting/banyon-fund-accounting-profile/) 4.25 [(12)](https://www.softwareadvice.com/accounting/banyon-fund-accounting-profile/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Banyon Data has 35 years experience developing fund accounting software for the public sector. The software is a great fit for small to midsize entities looking to enhance budget tracking and make the overall accounting process more efficient. The base software comes with budgets, payments, check writer, general ledger, project tracking, receipts, check reconciliation, 1099’s, and report writer. Additionally, choose to purchase time saving modules like purchase orders, invoicing, workflow, ACH Vendor Pay, Fixed Assets, Deposit Slip, 3rd party importing, and accrual accounting. All other Banyon Data Software (Payroll and Utility Billing) also integrates with the fund accounting. Banyon Data Software is installed locally and allows multiple users at no additional charge or license fees. Paid annual support provides updates, toll free help line, screen sharing, and new software versions.... [Read more](https://www.softwareadvice.com/accounting/banyon-fund-accounting-profile/) ### Best rated features: Reporting & Statistics 4.0 Cash Management 4.0 Fund Management 4.0 Budgeting/Forecasting 3.0 [See all features](https://www.softwareadvice.com/accounting/banyon-fund-accounting-profile/#key-features) ### Product: Denali Fund [Denali Fund](https://www.softwareadvice.com/accounting/denali-profile/) 4.33 [(57)](https://www.softwareadvice.com/accounting/denali-profile/reviews/) ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary Denali FUND is an on-premise and cloud-based accounting solution designed for nonprofits with multiple funds. The product is suitable for small to midsize nonprofit organizations. Primary features include grant management, donation management, event management and reporting. Business intelligence provides dashboards, predictive analytics and pulse alerts. The donor tracking feature allows users to enter pledges, keep track of donations and maintain visibility into the fundraising efforts of user organizations. Denali FUND allows encumbrance transactions, which provide a way for nonprofits to set aside a specified amount of funding for known expenses. It also provides customizable fund calendars. Denali FUND provides a number of reporting options for cash flow reports, financial activities and the overall financial position of the nonprofit.... [Read more](https://www.softwareadvice.com/accounting/denali-profile/) ### Best rated features: Audit Trail 4.8 Expense Tracking 4.7 For Nonprofits 4.6 Billing & Invoicing 4.5 ### Worst rated features: Fundraising Management 1.0 [See all features](https://www.softwareadvice.com/accounting/denali-profile/#key-features) ### Basic $4,000.00one time [See full pricing details](https://www.softwareadvice.com/accounting/denali-profile/#pricing-and-plans) ### Product: AccuFund Accounting Suite [AccuFund Accounting Suite](https://www.softwareadvice.com/accounting/accufund-profile/) 4.32 [(44)](https://www.softwareadvice.com/accounting/accufund-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary AccuFund is 100% focused on serving nonprofits and government entities. The complete fund accounting financial management solution, available online or onsite, consists of a strong core system and modules that allow you to expand as your needs evolve. AccuFund's core system includes AP, cash receipts, general ledger, bank reconciliation, importing and exporting, document storage, a financial report writer and a forms designer for customized form generation. Popular additional modules include accounts receivable, HR and payroll, purchase orders, requisitions, fixed assets, allocations and grants management and more. You’re able to automate workflow, generate robust reports, customize your dashboards and improve overall decision-making while enabling transparency and accountability as you continue serving your community members. Strong customer service, continual updates and enhancements to the system, and 3rd party integration capabilities ensure you always get the most from your AccuFund system. AccuFund Offers Multiple Platform Choices: Onsite - Our full onsite nonprofit financial management solution utilizes your infrastructure technology and houses the data on your servers. Online - AccuFund Anywhere Online is a true-browser, complete nonprofit system, incorporating fund accounting, financial management, grants management, payroll, human resources, and everything in between.... [Read more](https://www.softwareadvice.com/accounting/accufund-profile/) ### Best rated features: Project Accounting 5.0 Fixed Asset Management 5.0 Payroll Management 5.0 Accounts Payable 4.6 ### Worst rated features: Billing & Invoicing 3.9 Accounts Receivable 3.9 [See all features](https://www.softwareadvice.com/accounting/accufund-profile/#key-features) ### Product: Carta [Carta](https://www.softwareadvice.com/investment-management/carta-for-investors-profile/) 4.22 [(64)](https://www.softwareadvice.com/investment-management/carta-for-investors-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Available Software Advice Summary Carta is a cloud-based solution that helps organizations in the finance industry streamline and manage portfolios, valuations, holdings and more. It provides enterprises with a fund administrative module, which enables venture capitalists to review evolving Internal Rate of Returns (IRR) on a centralized dashboard. Carta allows supervisors to view important information based on raised cash or last preferred valuation and request access to investors' capitalization table. It lets businesses store paper certificates in a secured vault, eliminating the risk of theft or loss. Additionally, investors can utilize mobile applications on Android and iOS devices to track investment ownership and assets’ performance in real-time. Carta comes with an application programming interface (API), which lets professionals integrate the system with several third-party platforms such as Namely, Xero, QuickBooks and more. Pricing is available on request and support is extended via phone and email.... [Read more](https://www.softwareadvice.com/investment-management/carta-for-investors-profile/) ### Best rated features: Compensation Plan Modeling 5.0 Accounting 5.0 Role-Based Permissions 5.0 Investments Tracking 5.0 ### Worst rated features: Budgeting/Forecasting 1.0 General Ledger 1.7 Portfolio Management 2.0 [See all features](https://www.softwareadvice.com/investment-management/carta-for-investors-profile/#key-features) ### Product: QuickBooks Online [QuickBooks Online](https://www.softwareadvice.com/product/393202-QuickBooks-Online/) 4.34 [(8507)](https://www.softwareadvice.com/product/393202-QuickBooks-Online/reviews/) Best for:Ease of use ### Pricing availability Free trial: Available Free version: Not available Software Advice Summary QuickBooks Online is a cloud-based accounting software designed to help businesses manage their finances. It offers a range of tools to automate financial tasks such as bookkeeping, invoicing, payments, payroll, and more. The software features a mobile application that allows users to access their business information on-the-go. QuickBooks Online caters to a variety of businesses, from freelancers and startups to professional services firms and product-based companies. It integrates with multiple third-party applications to help streamline operations and workflows.... [Read more](https://www.softwareadvice.com/product/393202-QuickBooks-Online/) ### What users love - User-friendly and accessible interface - Streamlined cloud-based accounting tools - Efficient and automated invoicing ### To take in mind - Slow and inconsistent customer service - Rising costs and tiered pricing frustrations - Limited and clunky report customization ### Best rated features: 401(k) Tracking 5.0 Real-Time Updates 5.0 For Religious Organizations 5.0 Strategic Planning 5.0 [See all features](https://www.softwareadvice.com/product/393202-QuickBooks-Online/#key-features) ### Simple Start $38.00/month Allows to connect 1 sales channel ### Essentials $75.00/month Includes upto 3 users. ### Plus $115.00/month Includes upto 5 users [See full pricing details](https://www.softwareadvice.com/product/393202-QuickBooks-Online/#pricing-and-plans) ### Product: Aptean Industrial Manufacturing ERP Traverse Edition [Aptean Industrial Manufacturing ERP Traverse Edition](https://www.softwareadvice.com/product/395354-Traverse/) 3.84 [(16)](https://www.softwareadvice.com/product/395354-Traverse/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Aptean Industrial Manufacturing ERP Traverse Edition is a specialized ERP solution built to meet the needs of discrete manufacturers. Designed for small to mid-sized companies, it offers a robust set of features, including real-time inventory tracking, production scheduling, and integrated financial management. With built-in tools for multi-warehouse support, lot traceability, and mobile access, Traverse Edition simplifies the complexities of managing a growing manufacturing business. Key features of Traverse Edition include an intuitive role-based interface that can be personalized for each user, advanced workflow automation to streamline production and inventory management, and powerful reporting tools powered by integrated BI solutions. This software also integrates with Aptean Ship, Aptean Pay, CRM, and EDI, reducing the need for third-party applications and ensuring seamless data sharing between departments. Manufacturers in industries like industrial machinery, electronics, and metal fabrication can rely on Traverse Edition for its flexibility, scalability, and customization. Whether you need a single-site solution or multi-location support, Traverse Edition can adapt to your needs. The software’s mobile accessibility ensures users can stay connected and access critical ERP data from any device, improving responsiveness and decision-making. Aptean’s solution is hosted on Microsoft Azure, providing secure data management and compliance with global data protection regulations like GDPR. The software’s modular design and scalability make it a future-proof solution, ready to support long-term growth and adapt to changing industry needs.... [Read more](https://www.softwareadvice.com/product/395354-Traverse/) ### Best rated features: Order Management 5.0 Inventory Management 5.0 Financial Management 5.0 Accounts Receivable 5.0 ### Worst rated features: Third-Party Integrations 1.0 Supply Chain Management 4.0 Accounting 4.0 [See all features](https://www.softwareadvice.com/product/395354-Traverse/#key-features) ### Product: SylogistMission ERP [SylogistMission ERP](https://www.softwareadvice.com/nonprofit/serenic-profile/) 3.90 [(21)](https://www.softwareadvice.com/nonprofit/serenic-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Nonprofit organizations, educational institutions and government agencies rely on Serenic Software for a reliable fund accounting solution. Their fully integrated suite is accessible in real-time, via their secure web-based system... [Read more](https://www.softwareadvice.com/nonprofit/serenic-profile/) ### Best rated features: Billing & Invoicing 5.0 Activity Tracking 5.0 Check Printing 5.0 General Ledger 5.0 ### Worst rated features: Donation Tracking 3.0 Budgeting/Forecasting 4.0 Financial Reporting 4.0 [See all features](https://www.softwareadvice.com/nonprofit/serenic-profile/#key-features) ### Product: MYOB Business [MYOB Business](https://www.softwareadvice.com/accounting/myob-essentials-profile/) 3.86 [(148)](https://www.softwareadvice.com/accounting/myob-essentials-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary MYOB Business accounting software is designed to help businesses of any size across Australia and New Zealand take care of GST, invoices, reporting, expenses & payroll (including Single Touch Payroll). Designed to save time, increase productivity, and stay up to date with ATO obligations. MYOB Business is the fast and easy way to manage your cash flow and ATO compliance requirements. Say goodbye to cashflow headaches with time saving features to help take care of the day-to-day bookworm.... [Read more](https://www.softwareadvice.com/accounting/myob-essentials-profile/) ### Best rated features: Tax Calculation 5.0 Vacation/Leave Tracking 5.0 Alerts/Notifications 5.0 Time Tracking 5.0 [See all features](https://www.softwareadvice.com/accounting/myob-essentials-profile/#key-features) ### Lite A$30.00/month The plan is designed for sole traders and startups. ### Pro A$55.00/month Designed for growing businesses. ### AccountRight Plus A$136.00/month Designed for established businesses with inventory management requirements. [See full pricing details](https://www.softwareadvice.com/accounting/myob-essentials-profile/#pricing-and-plans) ### Product: Endowment Manager [Endowment Manager](https://www.softwareadvice.com/product/340435-endowment-manager/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Endowment Manager allows users to track Account Demographics Including campus/location, department, use, and restriction Type. Employees can track transaction history by transaction type and transaction date for each endowment account and manage account balance for corpus, earnings, and total market value. Endowment Manager enables businesses to manage underwater accounts and configure spending rules by account.... [Read more](https://www.softwareadvice.com/product/340435-endowment-manager/) ### Product: Juniper Square [Juniper Square](https://www.softwareadvice.com/investment-management/juniper-square-profile/) 4.92 [(61)](https://www.softwareadvice.com/investment-management/juniper-square-profile/reviews/) ### Pricing availability Free trial: Not available Free version: Not available Software Advice Summary Juniper Square is the leader in partnership enablement for the private funds industry, offering a universal system for GPs and their LPs to seamlessly connect and communicate across every stage of their partnerships, from fundraising to investor management and fund administration. Juniper Square empowers investment managers to accelerate fundraising, scale their operations efficiently, and improve investor satisfaction. More than 2,000 GPs rely on Juniper Square to manage more than 600,000 LPs in more than 38,000 private funds.... [Read more](https://www.softwareadvice.com/investment-management/juniper-square-profile/) ### Best rated features: Client Portal 5.0 Accounting 5.0 Compliance Tracking 5.0 Investments Tracking 4.5 ### Worst rated features: Mobile Access 4.0 Risk Management 4.0 Fee Management 4.0 [See all features](https://www.softwareadvice.com/investment-management/juniper-square-profile/#key-features) 1 [2](https://www.softwareadvice.com/accounting/fund-accounting-software-comparison/?page=2)[3](https://www.softwareadvice.com/accounting/fund-accounting-software-comparison/?page=3)[4](https://www.softwareadvice.com/accounting/fund-accounting-software-comparison/?page=4) ## Popular Comparisons [ Xero vs QuickBooks Online ](https://www.softwareadvice.com/compare/2976-xero/vs/393202-QuickBooks-Online/)[ Sage Intacct vs Dext ](https://www.softwareadvice.com/accounting/intacct-accounting-profile/vs/receipt-bank/)[ MoneyMinder vs Blackbaud Financial Edge NXT ](https://www.softwareadvice.com/nonprofit/blackbaud-profile/vs/moneyminder/)[ Aplos vs ShelbyNext Financials ](https://www.softwareadvice.com/nonprofit/aplos-profile/vs/shelby-financials/)[ Carta vs Certent Equity Management ](https://www.softwareadvice.com/investment-management/carta-for-investors-profile/vs/certent-equity-management/)[ Realm vs IconCMO Fund Accounting ](https://www.softwareadvice.com/compare/151411-Realm/vs/278824-iconcmo-fund-accounting/) ## Your Guide to Top Fund Accounting Software, September 2021 Software Advice uses reviews from real software users to highlight the top-rated Fund Accounting products in North America. [Learn how products are chosen](https://www.softwareadvice.com/legal-page/frontrunners-methodology/) #### Explore FrontRunners - [MoneyMinder](https://www.softwareadvice.com/accounting/moneyminder-profile/) “Usability” includes user ratings for Functionality and Ease of Use. “Customer Satisfaction” includes user ratings for Customer Support, Likelihood to Recommend and Value for Money. Reviews analysis period: The reviews analysis period spans two years and ends the 15th of the month prior to publication. ## Send me a copy of this list to my inbox ### Get a copy of this list with pricing info sent to your inbox so you can pick up where you left off when convenient to you. Fund accounting is used by government organizations and [nonprofits](https://www.softwareadvice.com/category/4280-nonprofit/) to separate funding amounts and spending by individual project or grant provider. Leveraging a nonprofit accounting software system built specifically for fund accounting, government organizations and nonprofits can create reports that prove how each funding amount is used responsibly and in accordance with its original purpose. Here’s what we’ll cover: - [What is fund accounting software?](#Whatisfundaccountingsoftware) - [What type of software buyer are you?](#Whattypeofsoftwarebuyerareyou) - [What are the benefits and potential issues of fund accounting software?](#Whatarethebenefitsandpotentialissuesoffundaccountingsoftware) - [What are the market trends of fund accounting software?](#Whatarethemarkettrendsoffundaccountingsoftware) - [The vendor landscape](#Thevendorlandscape) ## What is fund accounting software? Not-for-profit accounting software keeps track of funds, expenses and transactions with accountability and stewardship as chief concerns. This attitude contrasts with the profit-maximizing motives of many commercial industries. A fund accounting system provides a self-contained, self-balancing ledger designated for a specific project, grant or donation. (For example, churches may use a church management suite with a fund accounting module to track member contributions.) The bottom line is transparency, accountability and responsible spending. Various nonprofit organizations use fund accounting software, including: - Faith-based groups - Healthcare providers - Social services and charitable organizations - Federal, state and local government entities Critical capabilities to look for include:

Financial reporting

Create financial statements tracking all funds from donations, pledges and grants. Measure fundraising performance and donor retention. Look for features such as customization and automatic records transmission.

Fundraising and donor management

Securely solicit, collect and manage donations through multiple fundraising channels and campaigns. Manage existing donor sources and recruit prospective supporters.

Grant management

Keep track of awards and proposals, process funds and properly allocate to recipients (referred to as “allocation management”).

Multiple expense ledgers

Provides a self-contained, self-balancing ledger designated for a specific project, grant or donation. For example, churches may use a church management suite with a fund accounting module to track member contributions.

## What type of software buyer are you? Before you can evaluate software, you’ll need to assess what kind of buyer you are. We believe 90 percent of buyers fall into one of the following categories: **Small organizations with limited budgets.** Some nonprofit organizations, who are smaller and have limited budgets, sometimes opt for a “low-end” solution. This doesn’t necessarily imply inferior quality; these products simply don’t support functionality as broad as the more robust systems. These systems often cannot handle monetary figures as large as those processed in other software; nor can they consolidate checks for multiple invoices. This may be well worth the price trade-off when size and budget are considered. **Nonprofit organizations.** Nonprofits need software to track donor-provided funds—separately from other funding sources—in order to report to providers on how each sum was spent. It can link spending information to individual projects, tracking project completion rate as well. Grant management support keeps records of past and future grant activities, tracking relationship and funding information to eliminate confusion. **Government organizations.** Government organizations need government software to meet the demands of citizens who inquire about the use of public funds—this is where the individual ledger system comes in. Nonprofit financial software provides the precise fund tracking capabilities to make transparency possible through informed government reporting methods. ## What are the benefits and potential issues of fund accounting software? A fund accounting solution should help the nonprofit or government organization ensure that funds are spent responsibly, and that adequate funds remain for future plans. These systems should also benefit grant providers with satisfactory reports. **Keep individual funds separate.** The top priority of fund accounting is to establish each funding source as a self-contained amount; this way, the spending of grants or donations can always be traced back to the source. Funding providers must know how each donation or grant is spent. **Increase accountability of the organization.** If a nonprofit agency can’t prove to funding providers that grants and donations are being used responsibly and constructively, there’s no reason to expect continued funding in the future. Keeping track of these funds with software, and providing reports, is therefore essential for the success of a nonprofit organization. Similarly, government offices must keep strict track of spending in order to keep citizens informed. **Deliver clear, informative reports.** In order to establish the accountability mentioned in the point above, a software system must be able to deliver reports. Reporting is critical for evidence of responsible spending. Therefore, a system has an advantage if it includes numerous customization capabilities and sophisticated reporting options. **Association with relevant projects.** In addition to keeping funds separate from one another, fund accounting systems should allow expenses to be easily viewed in the context of specific projects. This is directly related to the system’s ability to report how each fund has led to effective action, thus increasing accountability and the likelihood of further funding. As with most business technology, there are also potential issues and risks involved with fund accounting software. One major risk in any business system is the loss of critical data. There are several ways in which data loss can occur; an obvious example is physical damage to the database. Since this can occur with both an on-premises system and a cloud-based one, it’s important to keep backup files in diversified arrangements. For example, a nonprofit organization using a cloud-based system can download their data to a backup file to be stored on-premises; that way, in the event of damage, the data is much more likely to be salvaged. Consequently, buyers should look for applications that allow them to easily download and store backup files. ## What are the market trends of fund accounting software? You should consider these market trends as you select a product. **Software as a Service (SaaS).** SaaS tools have become very popular. Lower upfront costs, fewer or no hardware requirements, greater accessibility and easier implementation are all reasons to consider SaaS. **Business intelligence.** Reporting is one of the most important capabilities; as such, companies are constantly releasing new customization options to allow improved business intelligence. You should make sure to check the reporting options of each system. **Increased reseller specialization.** Value-added resellers (VARs) and consultants, in general, are increasingly specializing in specific products for specific industries. The nonprofit sector specifically has attracted much of this specialization. As a result, nonprofits are likely to benefit as more independent software developers (ISVs) produce more third-party add-on and consulting firms offer better support services. ## The vendor landscape

This type of buyer...

Should evaluate these systems

Nonprofit organizations

FastFund Nonprofit, Sage MIP, Lawson S3 Financial Management

Government organizations

Sage MIP, Sage Accpac, CODA Financials, Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics SL

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