New Modules and Features in latest Upgrade to AccuFund Accounting Suite.
Created: Wednesday, 19 August 2015 15:01
AccuFund announces the availability of Version 5.04 of the AccuFund Accounting Suite. With this latest release, AccuFund introduces the Entity Consolidator and Work Orders modules, along with new system features and module enhancements that continue to improve system usability and convenience. Read the full press release.
AccuFund Implements Affordable Care Act Reporting Capabilities for Payroll Customers.
Created: Tuesday, 18 August 2015 19:17
The emergence of the Affordable Care Act (ACA) has implications on reporting for organizations with 50+ full time equivalent employees and self-insured employers of all sizes. AccuFund’s ACA solution is in place and current clients are already implementing. ACA is the latest example of reporting requirements that can be addressed and managed within our software; AccuFund Payroll includes ACA reporting functionality at no additional charge; specifically no ‘per employee fee’. Read the full press release.
View the Affordable Care Act with AccuFund introductory video.
5 Stars for AccuFund Accounting Suite in 2015
Created: Tuesday, 11 August 2015 18:11
The AccuFund Accounting Suite has again received 5 Stars from CPA Practice Advisor in their 2015 review of nonprofit accounting software. The strengths include flexibility and scalability, grant and donor management functionality, solid budgeting capability, and an extensive selection of add-on modules. All offered in both cloud and on-premise implementations. Read the full review and a first hand account of how AccuFund has helped this organization.
AccuFund Unveils Results of 2015-2016 Endowment Accounting Insights & Analysis Survey
Created: Wednesday, 17 June 2015 12:49
AccuFund commissioned publisher Nonprofit PRO to conduct a survey of its readers (nonprofit finance professionals and top organization management) to benchmark the methods used to manage endowment accounting. 272 endowment professionals responded.
The 2015-2016 Endowment Accounting Insights & Analysis Survey sought information central to endowment accounting management, including the frequency of fund statement reports, the systems used to manage finances, and specific software features used to manage endowments.
View Endowment Survey Infographic.
Read the full 2015-2016 Endowment Accounting Insights & Analysis Survey press release.
Foundation Accounting and Fundraising. New Case Study
Created: Friday, 29 May 2015 11:19
AccuFund recently partnered with Richmond Jewish Foundation in a new Case Study; showcasing streamlined accounting and fundraising functions improve all aspects of the foundation.
Richmond Jewish Foundation (RJF) is a primary, trusted and expert resource for planned giving and endowments, providing services to the community and its donors, making grants and undertaking community leadership and partnership activities to address a wide variety of needs in its service area.
With AccuFund, RJF was able to customize their accounting statements – for each one of their funds– and show their part of the income from the whole investment. Through various tools within AccuFund Accounting Suite, combined investment revenues are allocated to various funds so RJF always knows how much each of the 250 funds has at any given time – and that it is properly accounted for. Using the Allocations Management module, the system calculates and posts administrative fees automatically, totally eliminating the need for spreadsheets.
Additionally, AccuFund CRM set out to provide a completely customized Salesforce solution for both RJF staff and their constituents by designing an online portal that allow constituents to review and submit online donations and applications without any involvement from the staff.
“In the first year alone, we saw a 300% increase in online donations because the system was so easy to use,” explains Robert Nomberg, Richmond Jewish Foundation President and CEO.
Read the full press release. To read the integrated foundation accounting and fundraising case study click here.