Software Connect
Speak to an Independent Software Expert Now
(800) 827-1151 8am-5pm (ET)

Fund Accounting Software

Is your software optimized for non-profit or government usage? If not, you may be missing an opportunity to lower costs and better meet your organizational goals. For the non-profit or public sector organization, success isn’t defined by generating profits. Accordingly, non-profits and government entities use different accounting methods. A primary difference is the use of “funds.” A fund accounting software approach allows you the visibility into your financials to understand exactly how each dollar is spent. With improved financial clarity, you’ll be better equipped to lower operational costs and maximize the impact of each dollar.

Overwhelmed? We’ll help you find your ideal software solution, absolutely free!

Find out why thousands of businesses trust Software Connect to help narrow down thousands of options to a managable list of top recommendations. There’s no pressure, no obligation, and no cost. Sound good? Let’s get started!

The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter

What is Fund Accounting Software?

Fund accounting software is designed to enable improved allocation management of resources which have been designated for specific uses. Funds in particular are a special type of accounting entity which provides a self-balancing set of accounts allowing the reservation of cash and non-cash assets for a specific purposes or activities. Fund accounting is most commonly used by non-profits and government entities.

Important benefits:

  • The ability to demonstrate responsible financial stewardship and application of funds to their intended purpose is often a prerequisite for accessing or continuing to access grants or endowments
  • Using fund accounting to tracking restrictions on the usage of funds saves considerable time and labor costs compared to using for-profit oriented software which may require another layer of reporting to simulate these kind of accounting controls
  • Time reductions enabled by fund accounting software usage can be turned into either payroll cost reductions or labor resources can be reapplied to tasks related to raising funds or delivering services

Key Features

Functionality Definition
Fund class designations Fund class designations allow the identification of different funds by type, such as restricted versus unrestricted, temporary versus permanent, or organizational versus custodial
Hierarchical fund management The ability to divide funds into smaller tracking segments and assign parent-child relationships allowing for more granular control of spending
Encumbrance management Encumbrance management allows for the reservation of funds for future spending commitments
Accounts payable Accounts payable software provides the ledger and related functionality for managing money owed by an organization
Accounts receivable Accounts receivable software provides the ledger and related functionality for managing money owed to an organization
General ledger General ledger software functionality provides the ledger and related functionality for providing a complete record of the financial activity of an organization, including transactional records and account structures

The heart of Non-Profit and Government Accounting Software

A fund is essentially a unit of financial organization with a self-balancing set of accounts designed to record cash and other assets together with related balances and liabilities. Fund accounting software provides the ability to create financial statements and balances sheets for each fund.

The Advantage of Software Designed for Government Entities and Non-Profits

Just as there are accounting packages designed with the manufacturer or retailer in mind, software developers have created fund accounting software to meet the specific accounting requirements of non-profit and government organizations. Using software geared for commercial operations can lead to a number of issues for non-profits and government entities.

Many organizations will attempt to use departmentalization at the general ledger level to accommodate what could be more easily set up as fund accounting. After investing time to set this up, this approach may prove useful in tracking income and expenses, but it rarely provides the necessary controls in tracking assets and liabilities necessary for accurate balance sheets. While the profit motive may not be behind it in the case of non-profits and government entities, every organization is looking to maximize their efficiency. Fund accounting software provides an accounting approach designed to eliminate time-intensive workarounds necessary to make standard commercial packages work.

Organizations who provide funding often require clear reports detailing how funds have been spent. Fund accounting software provides reports designed for this purpose. By improving your ability to document the impact of previous expenditures, you can help promote your ability to receive future funding.

Tighten Your Financial Management

Fund accounting software modules provide a number of inherent benefits. Donations, grants, and endowments are frequently provided to the non-profit organization with specific instructions on the usage of the funding. Tracking these financial assets in funds allows the non-profit organization to easily see how each dollar was spent. The results of failing to meet specific spending restrictions can have negative consequences, including discontinued funding.

The first step of meeting spending restrictions is knowing where every penny is allocated. For the government entity, GASB standards actually require that accounts are kept on a fund basis. Fund accounting software allows governments to track a variety of different funds including: general/operations, special revenues, capital projects, debt services, permanent, fiduciary, and proprietary funds.

Popular Fund Accounting Software Products

Looking for great fund accounting software options? Below you can check out a list of the products most commonly considered by others searching for fund accounting software. The list on this page is based on many years of real software matches. But everyone’s needs are different. Browse for fits with your specific requirements or let us help you identify your top options.

Which software is right for you? Get quick and accurate recommendations.

What if you could simply tell someone about your software needs and they’d find your best choices? Look no further. We’ll listen to your needs and find your top software matches. That’s it. There’s no pressure, no cost.

The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter
  • Abila MIP Fund Accounting by Abila

    Gain more time to focus on your cause Abila MIP Fund Accounting is a configurable fund accounting solution that allows you to report and track information that is most important to you, your board and your supporters. To help you deliver on...

  • Financial Edge NXT by Blackbaud

    Financial Edge NXT is the first-of-its-kind cloud accounting solution that’s intuitive, reliable, and built exclusively for non-profits. It is advanced technology with powerful reporting tools to help your accounting team drive efficiency,...

  • DENALI FUND+Accounting by Cougar Mountain Software

    A modulated nonprofit accounting software solution for small to large organizations, and CPAs who support these organizations. Our nonprofit accounting solutions are used by The American Red Cross, Boys & Girls Club, Girl Scouts, United Way, YMCA...

  • AccuFund Accounting Suite by AccuFund

    Accounting software for non-profits, municipalities and other government agencies is the specialty of AccuFund. The AccuFund Accounting Suite is powerful, flexible and affordable financial reporting and accounting software designed specifically for...

  • FastFund by Araize

    FastFund Nonprofit Software is a fully integrated fund accounting system designed by Certified Public Accountants. Affordable modules include General Ledger, Accounts Payable, Accounts Receivable, Cost Allocations, Payroll and Fund...

  • Serenic® Navigator by Serenic Software

    ## Mission-Empowering Software for NonProfit Organizations Empower your organization with fund accounting software that helps you focus resources on what’s most important. Built upon the stable and scalable foundation of Microsoft Dynamics NAV...

  • Tangicloud by Tangicloud

    ##Cloud Accounting Software Built Just for You Your organization is used to making miracles happen. You work long hours and serve multiple constituencies with heroic efforts to be transparent and impactful. Don’t you deserve an accounting...

  • CenterPoint Fund Accounting for Nonprofits by Red Wing Software

    Fund accounting for nonprofits with a price tag that won't break your budget. CenterPoint Fund Accounting Software for Nonprofits is a versatile and affordable fund accounting and payroll software system that gives you the tools you need to take...

  • Banyon Fund Accounting by Banyon Data Systems

    Banyon Fund Accounting will help your organization become more efficient by enhancing your budget tracking & reporting capabilities. Our full featured base package includes: Payables, Receipts, General Ledger, Check Writing & Reconciliation,...

  • Aplos Fund Accounting by Aplos Software

    Aplos means “simple” in Greek, and that’s exactly what we’ve designed our software to be. With our Fund Accounting product you will be able to: Access your information from anywhere there is internet access Set up your organization’s...

  • NonProfit+ by Accounting System Integrators, LLC

    NonProfit+ is business management software engineered with nonprofits in mind. Delivered on the powerful Acumatica platform, NonProfit+ brings a new level of functionality that empowers organizations to efficiently manage their...

  • Fund E‑Z Fund Accounting by Fund E-Z Development

    FUND E-Z fund accounting is properly designed and well organized. The system can be setup and activated in just minutes. It tracks funds, general ledger accounts and cost center departments with its 22 character account number structure. All data...

  • CYMA IV Not‑for‑Profit Edition by CYMA Systems

    CYMA Not-For-Profit (NFP) Not-For-Profit organizations need an accounting software package designed for the specific nature of the nonprofit industry. Since 1980, thousands of nonprofit clients have depended on CYMA Not-For-Profit Accounting...

  • Consumer Fund Management by Paradigm Technology Consulting

    Does your current consumer fund management solution offer the ease of being cloud-based? Do you need a subscription-based solution that is in line with your budget needs? Consumer Fund Management (CFM) is a cloudbased subscription-based service...

  • Orange Leap On Demand by Orange Leap

    Orange Leap on Demand Orange Leap On Demand is a unique web-based constituent and donation management solution for today's non-profits. It automates the fundraising, marketing, communication and best practices by discarding traditional passive...

  • Sage Intacct by Intacct

    Intacct is a web-based, SaaS accounting and financial management software system designed for use by small and mid-size organizations. Key benefits of Intacct include: Automation of manual processes enabling faster delivery of accurate...

  • AwardVision by Serenic Software

    Serenic's grant management software, enables you to successfully compete for grants and awards to support your mission. AwardVision integrates with the Serenic Navigator financial management system, providing a single repository for compliance...

  • BMSI Financial Software System by Business Management Systems

    BMSI Financial Software is designed for municipalities and educational organizations. It gives you the tools you need to take control of your finances. An incredibly affordable fund accounting system that meets all accounting standards. Easy to...

  • Nonprofit Online by Abila

    Manage your entire organization from the cloud Nonprofit Online is the only all-in-one solution for managing financials, grants, online fundraising and CRM in the cloud. With a complete online solution, you can access your applications...

  • Pro Fund Accounting by Cogitate, Inc.

    Pro Fund Accounting business software is for small townships, medium-sized businesses, or even large county agencies. This easy to use Windows based software gives the ability to process all financial data by department, project, cost center, or...

  • CYMA IV Financial Management System (FMS) by CYMA Systems

    CYMA Financial Management System (FMS) represents the most sophisticated accounting, payroll and human resources software solution on the market for mid-sized businesses. CYMA FMS provides accounting and payroll functionality powerful enough for the...

  • Dynamics GP by Microsoft

    Microsoft Dynamics GP is an ERP solution designed for small and mid-market businesses. Key capabilities of Dynamics GP include: Financial management and accounting Inventory management and...

  • GMS Non‑Profit Accounting and Financial Management by Grants Management Systems

    GMS is a national developer of accounting and revolving loan software for not-for-profit organizations. The basic accounting package provides comprehensive financial reporting, general ledger, payroll, accounts payable and extensive computerized...

  • Infor CloudSuite Corporate by Infor

    *Power your corporate goals with deep functionality in the cloud.* C-suite executives are expected to drive more strategic initiatives to achieve new levels of growth—while keeping in place strong financial fundamentals. Doing so requires a...

  • Clarity Suite by Caselle

    Introducing Caselle Clarity Suite. It’s the next generation of financial software for local government and districts. And it’s easier to use than ever before. More features, more flexibility, more control. From a truly easy-to-use interface...

  • QuickBooks Premier by Intuit

    QuickBooks Premier builds on the sound foundation of QuickBooks Pro giving you additional industry specific features. The system is available in a General Business Edition. However, it is also available in several Editions that provide...

  • MemberTrack by CompuDat Systems

    MemberTrack was designed for offices like yours ... The MemberTrack system was developed by experts with over 15 years of experience in multi-employer benefit fund administration and is designed for ease of use and flexibility. MemberTrack...

  • Acumatica ERP by Acumatica

    Acumatica is a cloud ERP system designed for the SMB market. Acumatica includes functionality for financial management, customer management, project accounting, distribution management, manufacturing management, field service management, and...

  • Gnosis for Non‑Profits by Connect4

    Gnosis for Nonprofits provides you with the donor database to maximize your fundraising reach, membership database to communicate and facilitate interactions with your constituents. Nonprofit website tools will enable you to publicize events and...

  • FundWorks Plus by Breen Systems Management

    FundWorks Plus provides a complete Fund Accounting Software solution for Single or Multi-District Schools. FundWorks Plus includes General Ledger, Payroll, Personnel, Purchase Orders, Accounts Payable, Accounts Receivable, Fixed Assets and Contact...

  • Budgetrac by Budgetrac LLC

    Since a real estate developer’s needs differ from other types of construction companies, their software needs are different as well. Budgetrac is a cloud-based, comprehensive Real Estate Development software created specifically for real estate...

  • CahabaWorks by CahabaCreek Software

    CahabaWorks is an affordable, easy-to-use church management solution designed specifically for the unique needs of the church community. CahabaWorks maintains membership information, contribution data and financials. ## Check In The Check-In...

  • SerraFund by Capital Business Solutions

    SerraFund is a suite of functionality geared specifically for a nonprofit’s accounting needs. The product is built within the NetSuite application using SuiteCloud Developer tools and has achieved the Built for Netsuite Certification. SerraFund...

  • CAPTAIN Fund Accounting by CAP Systems

    CAPTAIN is a true fund accounting software system for human/social service organizations funded by multiple funding sources under grants and contracts that may not have consistent fiscal periods or years. Under this type structure cost allocation...

  • NetSuite ERP by NetSuite

    NetSuite ERP is a cloud-based, developer-hosted, cloud ERP software platform offered on a software-as-a-service (SaaS) basis. NetSuite advertises its ERP solution as "the world's most deployed cloud ERP" solution. NetSuite ERP is used by over...

  • Grant Management by Abila

    Increase grant funding and measure your true impact This web-based grant-receiving solution uniquely combines development, contact and financial data to improve grant pipeline oversight while optimizing success. Reporting and trend analysis...

  • Agilon ONE by Agilon

    The Agilon Business Financials solution provides a fully integrated fund accounting solution for the ONE donor management system. Using the power of Agresso's Business World solution, Agilon empowers nonprofits with the advanced functionality used...

  • AptaFund by Harris Computer Systems

    AptaFund™ is the online fund accounting and business management solution that harnesses the power of the Internet to unlock the complexity of your financial information online and in real...

  • AccountMate 10 for SQL and Express by AccountMate Software

    AccountMate 10 is a real-time, customizable business management and accounting solution designed to address the needs of medium-sized businesses. AccountMate takes advantage of the speed of client/server technology and the latest...

  • PlusFund by Information Development Consultants

    Fund Accounting, Encumbrance Accounting, and Budgets for Government and Not-for-Profits The PlusFund® software from iDC extends the capabilities of Sage MAS 500® to local governments, state agencies, not-for-profit...

  • PCS Fund by PC Skills

    Complete, integrated Fund accounting solution All standard Accounting modules and Function Fund raising Member management inventory control automatic due-to/due-froms Available with Visual Basis Source code ## Accounts...

  • GIFTS 6.1 by MicroEdge

    Powerful and Complete Grants Management Each year, worldwide, billions of dollars are awarded and tracked with GIFTS, the industry leading software for effective grants management and charitable giving. The latest GIFTS release provides...

  • Adagio Accounting Suite by Softrak Systems

    Adagio Accounting is a multi-ledger, modular accounting system that provides best-in-class audit controls and financial reporting capabilities. It is designed for small and mid-sized businesses that process significant volumes of transactions –...

  • Grant Manager by Northern Lights Software

    Tracks, analyzes, reconciles and reports transactions that are charged to one or more funding sources. It can also keep track of separate cost centers and inventories, print P.O. forms, help users create their own reports, limit users' access to...

  • OpCenter Grant Management by OpCenter LLC

    OpCenter - Grant Management is designed to help multi-funded agencies manage the complexity of compliance without increasing the workload on employees. This software translates your agency's policies into a simple system that everyone can...

  • BUCS fund accounting by Donald R Frey

    The Budgetary Control System (BUCS) is a fully integrated, true fund based accounting program designed to meet the specialized needs of government, nonprofit, and utility organizations. It has been designed using Microsoft Windows design standards....

  • Sage 300 by Sage

    Sage 300 is a business management software solution designed for small and medium-sized businesses. Critical program functionality includes support for accounting, sales, service, purchasing, and inventory management tasks. Sage 300 helps...

  • Grant Administrator by Dyna-Quest Technologies

    Grant Administrator is a user-friendly and powerful relational database application designed by Dyna-Quest Technologies for the efficient and reliable tracking and reporting on a wide variety of sponsored programs and account types. It is extremely...

  • e‑Grants by Epiphany

    The ability to secure grants is one of the most important tasks of any successful nonprofit, charity or NGO. Your organization is competing with hundreds of thousands of other nonprofits worldwide for the same monies. Implementing a robust grant...

  • eTEK Fundamentals by eTEK International

    eTEK Fundamentals is designed to meet the specialized needs for fund accounting, cash management, payroll, utility billing, fund raising, donor management and other applications, typically found in small government organizations, churches and...

Your Fund Accounting Software Recommendations

Ready to find out which software solutions are best suited for your needs? Great! Understanding that you’re motivated to find fund accounting software gives us a great start. We’ve helped companies of all shapes and sizes meet their fund accounting software needs. With a bit more information about your unique requirements, we’ll narrow down to your top options. Let’s get started!

d
What kind of system are you looking for?
What functionality do you require? (check all that apply)
How may we best reach you with follow-up questions? A brief, free needs-analysis conversation helps us identify your top software recommendations.
RequiredFull name, pleaseNice to meet you!
(no abbreviations, please)RequiredThank you!
(we don’t spam, ever)RequiredFormat: [email protected]Valid Email Address
(why do we ask?)RequiredFormat: (555) 555-1212Valid Phone Number
RequiredFormat: 90210, K1A 0B1Valid Postal Code

Your unique business needs cannot be fully articulated in a short web form. That's why, completely free-of-charge, we conduct a ten-minute needs-analysis discussion with people like you who need accounting software. This is not a sales call, and you will not be pressured to buy anything.