Why is GiveCentral’s accounting software better than other softwares?

GiveCentral
Jul 25, 2017 · 5 min read

Organizations which who are involved in non-profit enterprises must definitely be aware of the current cut-throat competition with other non-profit organizations, and the monumental pressure that comes with trying and wanting to know where they stand in the non-profit initiative zone.

Much like other organizations, your organization might be steadfastly intending to become more transparent at some point or the other. Irrespective of the ideas, size and scope of your organization’s mission, non-profit organizations are expected to demonstrate their responsibilities through tangible data. Even though with increasing technology non-profit organizations are able to overcome more and more challenges, but they are still expected to produce financial data more timely. Generally accepted accounting principles (GAAP) help non-profit organizations in upholding donors’ expectations. As they are designed specially to ease the burden of reporting, and help in overcoming factors that restrict the funding sources.

GiveCentral donation tracker tool has the ability to collect funds and manage donors’ communication. It reduces paperwork, and saves the labour and time of staff members. Its accounting software makes payment easier and faster. It monitors missed, forgotten and late payments by setting up collections and pledges online, and reduces the time-spent on re-entering paper checks and cash donations.

Let’s have a look at some of the financial management and reporting capabilities of GiveCentral which might provide your organization with fund accounting solutions, keep your organization acquiescent and offer a complete picture of financial data and other information of your donors and administration.

1. An option for managing restricted funds

A tremendous amount of time and resources are wasted when fundraisers and financial clients have different interpretations of fundraising incomes and their ways. GiveCentral software allows its users, by means of using high advanced technology, to solve errors involved in data transfer from a CRM to the accounting system. The technology adopted by GiveCentral helps to build a chain of words together- either in the form of a combination or as a single application, and through this the organization’s staff members can benefit from common and shared data.

Its accounting software keeps everything in a chronological manner, making it easy and convenient to find information about donors, their personal background and the amount given to charity by them.

2. Cost allocation management

Allocations of funds is an essential part for every non-profit organization. Regardless of all the methodology involved, some calculations can be extremely complex and difficult to track, especially when funds increasingly high.

GiveCentral accounting package helps in performing many calculations at a time. As this standard capacity doesn’t come in other accounting packages, audiences should definitely look put for the GiveCentral accounting software.

3. It has an analytical tool for decision making

Non-profits should manage their reports on finance as it has a significant impact on the ability to successfully enhance their fundraising processes.

GiveCentral accounting software has the ability to make an informed report from time to time on strategic, financial and other decisions. With its advance reporting practices, organizations can conduct regular and arduous financial analysis on their efforts in convincing donors and thus increasing contributions made by people.

4. Project management tools

Organizations whose main motive is to raise funds need a software with robust tracking tool. They need a tool which can easily capture large amount of data and automatically perform calculations.

GiveCentral accounting software possesses the ability to cross check schedule reports so as to ensure whether important deadlines are being met or not. It helps to automate complex and multifarious tasks, such as performing cost allocations, determining recompense requests and new donations.

5. Delivers crucial stats

It is essential part of any non-profit to deliver time to time reports to donors about the usage of their donations and to develop a report in the proper format of the new funds gained by the organization.

GiveCentral accounting software delivers crucial reports with exact stats and foresees all potential shortfalls. It predicts the financial status of other non-profit organizations. It helps in generating reports as and when required without exporting information to the spreadsheets.

6. Budget robust competence

Non-profit organizations rely on budgeting not for fiscal transparency but for their strategic plans and ideas.

GiveCentral budget creation process includes the following-

· Involves the right number of stakeholders

· It sets a clear vision which might be easy for both the administrators and the donors

GiveCentral, has specially build this tool for non-profits so that they can meet their needs today and beyond. It helps in adjusting and accommodating the needs of the donors and the organizations alike. It has the flexibility to fine-tune even the smallest calculation and reports from time to time, keeping them updated.

7. Regular cadence

An effective budget centralizes the whole accounting system. And by maintaining an effective budget report, you attract stakeholders to come to a source of data, which in return helps to maintain a fluid budget report. It’s a good thing to set up or establish a regular budget and report it with the correct and actual performance.

GiveCentral accounting software provides dashboards that allow people to regularly monitor their contributions and notify them when organizations spend their given donations, and if they succeeded in doing so. This software keep you updated to the organization’s system, their ideas, plans and changing policies. It also gives trending and practical fundraising ideas to organizations and to the donors to donate as and when possible. Its accounting software not only manages the financial and budgeting range but look after the press releases, blogs, articles, recorded videos of the campaigns held by the organization. It helps in sharing the knowledge of your non-profit thrive.

8. Manage restricted funds

GiveCentral’s accounting software helps in managing restricted funds throughout the organization and prepares a financial statement, which reduces the burden and labour of the staff members. As many organizations never plan for future anticipations, GiveCentral accounting tool helps in accommodating scenario planning and removes the restriction of funds impost on donors which might create complexities around organizations and other non-profit institutions.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade