Sage 50 Nonprofit Accounting

Sage 50 solutions for nonprofits facilitated:

• Non-profit specific chart of accounts, including a United Way chart of accounts
• Customized account segments to represent departments or individual funds
• Ability to designate encumbrances and restrictions
• Generate and email reports and financial statements including Statement of Financial Position and Donor-Grantor Summary List
• Customizable reporting

Sage 50 came with Sage Business Care Silver, an auto-renewing program that provided automatically delivered upgrades, access to customer support, online training, customizable reporting tools, and more.

Features

• The software enabled efficient accounting essentials, including invoicing, bill payments, and tracking receipts while adhering to real, double-entry accounting principles. Users could quickly assess their business status through easy-to-read dashboards.
• Business organization was facilitated with features like setting email alerts for important tasks and integrating with Microsoft Excel and Word for key activities. Customized reports provided deeper insights.
• Cash flow management was enhanced with tools for analyzing and forecasting payments and receipts, ensuring sufficient cash for current and future obligations.
• Payroll functionalities worked in conjunction with Sage 50 Payroll Solutions, offering options like printing paychecks or using direct deposit.
• User access control and data security were prioritized, including checks for common accounting errors.
• Inventory management was streamlined, allowing for the building of inventory assemblies, tracking customer orders, and using various inventory costing methods.
• Multiple budgets could be created for different departments and cost centers, enabling detailed financial planning and the creation of “what if” scenarios.
• For organizations running multiple companies, financial reporting was simplified by consolidating financials, including charts of accounts and transactions.
• Report design and sharing were made more insightful with Crystal Reports 2008, offering advanced features like graphs and charts.
• Financial statements could be printed by organizational department, and job profitability was aided through change order processing.
• Serialized inventory tracking was provided, enabling detailed records for costing, warranty tracking, and recalls.

Nonprofit-Specific Features

• Print a donor and grantor receipt report
• Create fundraising letters with a Microsoft Word template
• Print collections letters for member and pledge fees outstanding
• Accept new donors with a welcome letter template
• Produce accurate nonprofit-specific reports
• Set up quickly with nonprofit-specific chart of accounts