What is Fund Accounting Software?
Fund Accounting Software focuses on the accounting and financial reporting needs for nonprofit and government agencies.
Fund accounting tools will keep track of grants and donations, expenses, and transactions with stewardship, accountability, and spending efficiency as primary concerns as opposed to bottom-line results.
Fund accounting systems may provide self-balancing ledgers designed for specific grants, donations, or projects.
Churches, for example, may use a suite of tools specific to church management while using a fund accounting module to track member donations.