Four Great Not-For-Profit Accounting Software Solutions
Not-For-Profit Accounting Software Solutions
In recent years, charitable organisations across Australia have witnessed a growing number of software options available to improve their systems and processes.
Accounting software is no exception. Although we all know about the all encompassing accounting software for all industries, accounting software for not-for-profits is gaining serious traction.
And there is a good reason for this - its tailored software for not-for-profits, created by developers who are solely focused on their niche end user.
Not-for-profit accounting software have several benefits, including:
Data centralisation: Centralised data minimises errors and delays due to miscommunication or inaccurate information.
Simpler processes: Charitable organisations that use accounting software tailored for not-for-profits simplify their processes, including via tracking donations and upgrading financial reporting.
System integration: Modern not-for-profit software easily integrates with other systems, including inventory management and marketing strategy.
Accessible donor information: Reliable accounting software helps charitable organisations easily access donor and supplier information.
High-quality insight: Modern software for not-for-profits relies on artificial intelligence (AI) and other tailored algorithms. Consequently, it makes better decisions and provides users with more helpful insights.
Lower software maintenance costs: When your not-for-profit decides to use reliable accounting software, there are opportunities to save on your ongoing costs (depending on your circumstances and requirements).
Here are four impressive accounting software providers for not-for-profit organisations that can kickstart your finance transformation:
Canpay
CanPay is Australia’s premier cloud-based payroll system and workforce management tool for charitable organisations. It provides solutions that save time, promote compliance, empower workers, and reduce costs and expenses.
CanPay simplifies payroll by automating pay conditions and creating organisational pay rules. Consequently, employees are paid accurately and in accordance with Fair Work.
This not-for-profit software also increases team exposure, improves access to employee records, and manages overtime rules, pay rate increases, shift worker support, and superannuation thresholds.
ProSpend
This is a virtual expense management tool that oversees your organisation’s virtual corporate cards, subscription management, bill payments, and reimbursements.
Prospend is not-for-profit accounting software solution. A cutting-edge, integrated expense management solution designed to streamline financial operations for not-for-profit organisations. By consolidating your expense processes, Prospend eliminates the complexities of managing virtual corporate cards, subscription services, bill payments, and reimbursements. This powerful tool provides real-time visibility into your spending, ensuring that your organisation maintains financial control and transparency. With Prospend, finance teams can automate tedious tasks, reduce manual errors, and ensure compliance with ease, ultimately freeing up valuable time and resources to focus on your core mission.
One of the standout features of Prospend is its user-friendly app, which allows staff to track expenses effortlessly through virtual payment cards. This innovative approach simplifies the expense reporting process, providing instant access to transaction data and budget monitoring. Prospend’s robust platform also supports seamless integration with your existing accounting software, ensuring a smooth and efficient workflow. By leveraging Prospend’s advanced capabilities, your organisation can achieve greater financial oversight, enhance operational efficiency, and foster a culture of fiscal responsibility.
Martus
If your not-for-profit organisation needs assistance with budgeting and planning, Martus is up to the task.
Martus is a user-friendly cloud-based accounting software. Its dashboards allow you to create reports, gather information and view annual budget presentations.
Martus’ real-time data sync, faster workflows, premium customer service, and quick integration make it one of the best accounting systems for Australian charitable organisations.
Sage
Sage makes automating critical processes easier for your NFP. When your organisation integrates this not-for-profit accounting software, you open possibilities in regards to increasing team productivity, making better finance-based decisions and reducing the likelihood of spreadsheet errors.
Sage integrates seamlessly with your system workflows and provides tailor-fit solutions for your organisation. It features a revolutionary multidimensional database that allows you to keep track of various entities, currencies, grants, donors, and locations at the push of a button.
With Sage Intacct fund accounting, your organisation can also generate activity, cash flow, and financial position statements. This not-for-profit software also improves financial accuracy, manages capital budgets, and clarifies financial and operational data.
Giuntabell is your reliable and trusted not-for-profit accounting partner. We help enhance bookkeeping for not-for-profit organisations so they can make better decisions that align with their purposes.