Help! I Am Not An Accountant

Although most people would argue that there is no need to learn basic accounting principles

, what with the numerous accounting applications as well as accounting service providers available in the market today, in reality, you would still need to study them just in case your software crashes or your service provider is suddenly not available, or you just simply need to keep your expenses low. Unfortunately, this is easier said than done especially in the case of non-profit organizations.

What makes accounting procedures doubly hard for non-profit organizations is the fact that, on top of the usual processes that you need to do and keep track of, you would also need to monitor grants as well as keep a close eye on where each cent goes and from which project it came from.

The good news, however, is that there are a number of accounting software applications that ca help you manage your finances. Although no two applications will work the same way, at the very least, it could help shorten the time it would take you to record information and generate needed reports. You would just need to do some slight tweaking along the way.

Although the market is already saturated with much nonprofit fundraising software, it is still no surprise that Sage emerges as the leader of the pack. This is partly due to the fact that Sage has always been equated with scalable and highly user-friendly software applications. This is apart from the fact that Sage has always been focused on marketing accounting products that focus on the accounting needs of various industries, great or small.

Sage features a number of nonprofit software such as the Sage MIP Fund Accounting, Sage Fundraising 50, Millennium, Sage Fundraising 100, and the Sage Fundraising 100 Rainbow Edition. Of these Sage fundraising software applications, it is the latter that was produced in partnership with United Way and is specifically designed to answer the needs of the United Way organizations within the US. It comes with about 75 standard United Way reports and allows users to manage workplace campaigns, track designations from donation entry, and do data mining.

If you feel that these Sage fundraising software applications might be an unfamiliar territory to you, you can always avail of the Fund Accounting and Fundraising Consulting services of Sage where trained professionals can guide you in setting up accounts and customizing the features of your software.

by: Tom Hope

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