Nonprofit Accounting Software
Sage Fund Accounting (formerly MIP) is award-winning nonprofit accounting software that assists you with running your business more effectively, gaining greater insight into your financial activities and provides lasting benefits by automating your processes.
This nonprofit accounting software gives you the ability track your funds to the least common denominator. The general ledger is custom designed to meet your agency needs with each segment that your agency creates available in the reporting system as a separate reporting unit or as a combination of multiple segment combinations.
From small start-ups to larger organizations, Sage Fund Accounting Software makes it easier for organizations to manage their financials. The built-in windows based reporting system is custom designable and user friendly. It literally takes less than a minute to change a report from agency wide information to a report that is paged by program or department.
Security is at the top of the list of important features. Each entry, report or activity in the software has a user specific right that is further broke into view, edit, delete, add, and process. Account level security adds another dimension to the security feature. Additional security is assigned at each program or department level so individuals only have access to their area of management. Rights can be assigned to each individual or to a group of individuals that have the same tasks.
Date limitations prohibit activity from being entered into a prior or subsequent time frame. The dates are easily modified and are able to be different for different entry types. Accounts payable can be closed for the prior month leaving journal entries open for closing entries. Budget entries can be allowed in the next year while all other entries are prohibited.
Sage Fund Accounting has all the usual fields necessary for agencies to process accounts payable, accounts receivable, depreciation, journal entries, payroll, inventory, and budget entries. User defined fields are available for any agency specific items that do not have fields already in the software. These fields can be attached to all levels of entry and are automatically added to the reporting system that is built-in to the software.
Paperless processing and filing saves storage space and time for retrieving original documentation. Paperless processing is a built-in feature of the software. Activation is as easy as setting up the storage locations for the files and connecting a scanner to create the PDF’s to attach to entries.
The unique design of the chart of accounts broken into individual segments allows for a multitude of unique options in your design. A few of the considerations is multiple payable or receivable accounts that are directly linked to different cash accounts. The net asset account can be subdivided by restriction, fund, grant, program or any other segment created to meet your agency needs.
Distribution codes are a built-in feature of the software that is used in all modules. It distributes an amount across a predetermined set of account code combinations using specific amounts, percentages or units. The use of distribution codes saves hours of entry time. They are easy to use and edit. One code based on square footage can be used for a multiple of expenses since the general ledger account code is not part of the distribution code. The same code can be used for gas, electric, water, and rent invoices.
Brisbane Consulting Group, LLC handles this nonprofit accounting software from the purchase, installation, and training to showing you the resulting available reports from your entries. Contact us for more infomation on how this software can assist your agency with accounting and reporting requirements.