Financial Management Software Systems for Nonprofit ...

Financial Management Software Systems for Nonprofit Organizations: Capability Comparisons

- Does have the capability

X ? Does not have the capability

A. Reporting General Ledger

Number of cost centers available

Allocation Management Customized Reporting Dashboard Reporting B. Budgeting

Budget Creation and Monitoring

C. Cash Management

Capable of bank account reconciliations? Capable of initiating Electronic Funds Transfers (EFTs)? D. Purchases and Disbursements Accounts Payable ? record bills, schedule

payments, write checks

Purchase Orders E-Requisitions E. Accounts Receivable & Receipts

Accounts Receivable ? record payments, client

invoices, aging reports

System can receive and process credit card payments?

Quick Books Online "Plus"

2 - Location, Class

x

limited limited

x

x

Quick Books Pro/Premier

3 - Job, Class, Subclass

x

limited limited

x

x

Fund EZ v10 10

with add-on

x

x x

Microsoft Dynamics GP

Sage MIP Fund

Accounting v10.0

Blackbaud The Financial Edge (v7.75)

10

unlimited

30 characters/ 5 segments

x

x

x

? 2012 Fiscal Management Associates, LLC. All rights reserved.

Last updated: September 2012. Note that software packages and options change rapidly; this document is no substitute for a thorough individual review and demonstration.

Financial Management Software Systems for Nonprofit Organizations: Capability Comparisons

- Does have the capability

X ? Does not have the capability

F. Payroll and Human Resources

Quick Books Online "Plus"

Quick Books Pro/Premier

Fund EZ v10

Microsoft Dynamics GP

Sage MIP Fund

Accounting v10.0

Blackbaud The Financial Edge (v7.75)

Payroll Module Option

? Payroll data can integrate or upload to financial software?

x

G. Grants Management

Tracks grant reporting dates?

limited

x

limited

x

limited

H. Fundraising Fundraising module available? Syncs with fundraising software?

I. Security

x

limited

x

x

Sage Fundraising

Raiser's Edge

Allows user access levels?

Tracks use, additions, changes and deletions?

x

J. Other

Fixed assets module available?

x

limited

x

Document management module available?

x

x

K. Cost

Software License 1

$

$

$$

$$$

$$$$

$$$$

1 Note that license fees are only one element of software costs. Depending on the complexity of the software package and of the organization, consulting support may be necessary to implement the system appropriately. Consulting and additional fees can vary considerably based on complexity of organization, current technology, hardware requirements, software modifications requested, data

transfer and retroactive accounting requirements. In addition, most packages have a fee for annual support and maintenance (recommended and, in some cases, required).

Price ranges-- $: less than $1,000, $$: $1,000 - $5,000, $$$: $5,000 - $10,000, $$$$: more than $10,000

? 2012 Fiscal Management Associates, LLC. All rights reserved.

Last updated: September 2012. Note that software packages and options change rapidly; this document is no substitute for a thorough individual review and demonstration.

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