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Fund Accounting Vs. Commercial Accounting for Nonprofits

PublisherSage Software
Format142.4KB PDFDate added01 Jan 2005
Topics Finance, Accounting Applications
Downloads224

Many nonprofits use commercial accounting products initially, but once most organizations have multiple funding sources, they find that off-the-shelf accounting software will not meet their special tracking and reporting requirements. The process can grow impractical and difficult to maintain. At worst, it can open the door to costly errors and complex audits. Good fund accounting meets the complex fund tracking and flexible reporting requirements that are vital to a nonprofit's continued ability to serve its community.

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