Author: Joseph Scarano

This is a guest post by Joseph Scarano Does your nonprofit’s current accounting software allow you to create separate financial statements by fund? How about generate budgets by grant, fund or program? The needs of a nonprofit are different from that of a commercial business, and that goes for accounting needs, too! This article will help you understand the needs of your organization and help you select the most effective software for your nonprofit. Evaluate Your Organization’s Needs First, list and prioritize your organization’s requirements to establish the most important elements required in a new system. The factors to consider are: Funding Sources and Budget for your Organization –...