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Non-Profit Accounting Software

Guide to Purchasing Nonprofit Accounting Software

There are two basic types of accounting software in the market: fund and commercial accounting. Since nonprofit and government organizations have distinctly different reporting requirements from commercial companies, their accounting tools must deliver to these different needs.

Does your organization require Nonprofit Accounting Software or commercial accounting system?

• Do you have certain funds that you must spend in accordance with specific restrictions—in certain ways or for certain purposes?
• Is your organization the recipient of one or more grants?
• Do you need to measure the performance of a specific program, activity, or performance by location?
• Do you need to report to contributors how you spend their funds?
• Are you required to create reports for fiscal years that are different than your own?
• Do you have to track and report the ratio of overhead to program usage?

If you answered yes to two of these questions, you should consider nonprofit accounting software that is designed to handle true fund accounting. Using spreadsheets to augment commercial software to achieve nonprofit accounting functionality can be inefficient, potentially incomplete, and can increase likelihood of costly mistakes. Contact McGovern Consulting Group today to inquire about its award winning nonprofit accounting software—Sage MIP Fund Accounting.