2011 Review of FUND E-Z Development Corporation — FUND E-Z Nonprofit Accounting and Fund Raising Software

Fund E-Z Development Corporation - Fund E-Z Accounting
877-696-0900
www.fundez.com

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

Best Fit
FUND E-Z is an excellent fit for small to mid-sized nonprofit organizations that need an easily navigated fund accounting product that is available in Basic and Pro editions.

Strengths

• Scalable, with two editions available
• Outstanding Fundraising module
• Easy system navigation
• Solid reporting capability
• Excellent budget functionality

Potential Limitations

• No document management capability
• Limited/no dashboard functionality

FUND E-Z Development Corporation has been offering fund accounting software to nonprofit organizations for more than 20 years. With the Version 10 release, FUND E-Z now offers a completely rewritten product that is available in a client/server model, as well.

Basic System Functions
FUND E-Z is easily installed in minutes. The newly designed interface features a ‘ribbon-style’ menu similar to Microsoft Word, but with a more simplified structure. Users can easily customize the main menu by using the My Active Tasks option that offers the option to record frequently used functions and tasks for quick access in the future. System modules are accessed from the top of the main screen or from the Home screen. The Quick Access Toolbar provides the ability to customize the toolbar with the menus and options that are commonly used. Data-entry screens are easily navigated and uncluttered, and all contain the requisite lookup options.

FUND E-Z offers the following modules: GL, AP, AR, Bank Reconciliation, Budgeting, Client Billing, Direct Allocations, and Security and Tools. The Pro version includes customizable chart of account features/abilities, Indirect Allocations, Batches, Purchase Orders/Encumbrances and Custom Report Writer modules. FUND E-Z is available in two versions: FUND E-Z Standard and FUND E-Z Pro. 4.75

Core NFP/Fund Accounting Capabilities - 4.75 Stars
FUND E-Z offers a true table-driven account structure that allows up to 100 characters (Pro) and up to 10 segments. FUND E-Z Basic allows users to utilize up to 22 characters and up to five segments when setting up accounts. The system can easily handle multiple transaction types, including system adjustments, cash transactions, recurring and reversing journal entries, and accruals. Budget detail is easily tracked and maintained, with budget amounts available for a 24-month period and with the following period options: this fiscal year, next fiscal year, next calendar year, last fiscal year and last calendar year. Users can easily click on any revenue or expense account to view budget detail, make budget revisions or delete items as needed.

FUND E-Z’s optional Fund Raising module can be run as a stand-alone module or fully integrated with the fund accounting system. Donor information can be imported from Excel, with the ability to track both individual and corporate donors. Unlimited contact information can be entered for each donor. The Fundraising module allows for management of gifts, pledges and memberships, as well as creation of fundraising campaigns. It can also be set to automatically send gift acknowledgements.

Individual accounts can be created for each grant that needs to be managed, allowing users to track everything from grant expenditures to available funds. FUND E-Z includes automatic fund balancing at multiple segment levels, ensuring that all accounts and sub-accounts will be in balance. They system does not provide a year-end closing function, thus allowing users to maintain multiple fiscal years for multiple fund accounts if needed. An excellent audit trail records all system transactions. Users can easily email invoices directly to clients and donors, and remote server connectivity provides system access from anywhere.