2011 Review of AccuFund, Inc. — AccuFund Accounting Suite for Non-Profits

AccuFund, Inc. - AccuFund Accounting Suite for Non-Profits
877-872-2228
www.accufund.com

From the November 2011 Review of Not-for-Profit Accounting Systems

Best Fit:
AccuFund is an ideal fit for mid-sized nonprofits and government entities that desire a modular design and consistency throughout the program.

Strengths

• Two versions available
• Excellent budgeting & grant management capability
• Easy system navigation
• User-defined dashboards
• Solid, customizable reporting options
• Available as a desktop or SaaS version

Potential Limitations

• No true donor tracking
• Built-in fundraising capability limited, but extended functionality offered through third-party hosted fundraising/development product, The Outreach Suite

 

AccuFund Accounting Suite for Non-Profits offers scalability and flexibility, and is designed specifically for nonprofit organizations and government entities.

Basic System Functions - 5 Stars


AccuFund’s installation process can be time-consuming so professional assistance is recommended. However, the product is also available as a SaaS product, which eliminates any installation issues. A standard toolbar assists users in navigation, with each taskbar utilizing icons for quick access to frequently used system functions. Changing the module will automatically update the toolbar options. Data-entry screens are easily navigated and uncluttered, with function options available at the bottom of each screen. Lookup options are also plentiful throughout. The core AccuFund Accounting Suite consists of GL, Financial Report Writer, AP, Cash Receipting, Bank Reconciliation, System Security, User Security, Form Designer, Data Imports and Exports, Accounts Table-based or flat, and Document and Image Scanning. Additional modules include AR/Inventory, Allocations, Fixed Assets, Human Resources, Payroll, Purchasing/Inventory, Requisition Management, Budget Management, and Grants Management. AccuFund is available in both Standard and Professional Editions, offering organizations the ability to expand to a more robust version when needed.

Core NFP/Fund Accounting Capabilities - 5 Stars


AccuFund utilizes a flexible account structure, allowing users to utilize up to 255 characters and up to 99 segments when creating organizational account structure. Multiple transaction types can be easily processed, including actual, encumbrance, budget, allocation, revision and closing entries. The optional Budget Development module provides a complete budget history for each organization or branch/location, allowing users to easily create multiple budget types as needed, as well as the ability to edit transactions. The Budget Development module also allows separate departments to build their own budgets, with revisions easily made. Budget reporting options can also be customized. Easy integration with the GL module allows users to enter information while maintaining solid budgeting/accounting capability.

The optional Grants Management module allows users to track and maintain grant information in one area, including demographic information, financial and funder reporting, and grant application status, as well as the ability to track all grant submissions. Automatic due to/from processing ensures automatic fund balancing, and AccuFund’s GL modules easily support multiple year end closings. An excellent audit trail records all system transactions, including vital data such as system date, system user and system access time. AccuFund also contains excellent e-features with the ability to process EFT payment from the AP module. Electronic banking allows for updating of current bank information on a daily basis, and the SaaS version of AccuFund provides remote access for all authorized users. Invoices and reports can also be emailed directly from the print screen if desired.

Management Features - 4.25 Stars