Accounting Software for Foundations

Focus on Your Mission, Not on IT

There's nothing simple about managing the financials of a foundation. Managing grants issued and grants received, adhering to GAAP and FASB for tracking restricted funds, and doing so without taxing your IT department is challenging on a good day.

What if there was accounting software that worked so well that it gave you clarity on your financials and left you with more time to focus on your foundation's mission—accounting software that left your sanity intact...?

Sage Intacct for Foundations: Why They Are the Leader

Intacct is the leading provider of cloud-based financial management and accounting software for foundations because it presents a complete view of your consolidated numbers, summaries and the details you need to optimally manage your organization. Sage Intacct allows you to report by fund, grant, and location and proactively manage key data, metrics, and initiatives to take action and improve outcomes.

You can forget the data re-entry and collection of disparate spreadsheets. With Intacct, you can automatically create the following:

• GAAP financial statements
• Form 990 submissions
• FASB compliance reports

Sage Intacct Cloud ERP Software

As a cloud-based system, Sage Intacct provides secure, 24/7 access to your foundation's financial and operational data from anywhere an Internet connection is available. There's no need to buy software, hardware or any infrastructure. A reasonable subscription fee puts the system at your fingertips as a modest monthly expense instead of a costly capital investment.

Other benefits include employees being able to log hours and expenses remotely, stakeholders being able to access reports and documents anytime and simultaneously, and manager being able to view task or project level accounting that is tied to the funding source and tracked across multiple fiscal periods. Remote transaction approval also eliminates having to track down people. Remote transaction approval also eliminates having to track down people.

The Sage Intacct accounting software is managed around the clock by Sage Intacct experts and operated through high-security IBM data centers, so you need not worry about downtime or intrusions.

Grant Management & Restriction Tracking

Sage Intacct's project management module allows you to track revenues and expenditures per grant (as well as per program and project). This is especially useful for tracking and adhering to FASB 116 and 117 restrictions, including:

• Unrestricted Funds: donations can be used for whatever the NP wants
• Temporarily Restricted Funds: donations restricted for specific projects or programs
• Permanently Restricted Funds: mainly endowments for foundations

Learn more about Intacct's Grant Management for Nonprofit Organizations (PDF flyer)

Real-Time Operational & Financial Visibility

Sage Intacct is the first and only financial management and accounting system that provides a rich multi-dimensional, multi-ledger system that makes it easy for you to capture granular financial and operational data in exactly the same way you manage your foundation.

You can use Sage Intacct to gain real-time visibility into all aspects of your foundation's finances using powerful general ledger and sub-ledgers to:

• Analyze revenue and margin by event, product or member type
• Understand the performance of your foundation by location or team
• Obtain the true cost performance for each of your projects and programs
• Track the revenue and expense tied to each volunteer, member, employee or other unique to your foundation

Achieve World-Class Stewardship of Funds

Sage Intacct's feature-rich fund accounting that enables you to track an unlimited number of sources of funds—including grants, endowments and donations—and you can tie time and expenses at the employee, task or project level back to one or more sources of funds.

Because these programs may run for many years and cross fiscal periods, Sage Intacct gives you the ability to configure all reporting, analysis, modeling and planning to cross fiscal periods and to span multiple fiscal periods.

Flexible workflow and approval processes make it easy to define multiple levels of approvers for various-sized transactions. Sage Intacct also automatically routes any associated documents to the correct individuals for their approval, notifying them by email to take action. There is no need to deliver paper checks for signature — approvers just log into the system, review the documents and approve electronically. This is an enormous time saver for organizations that need outside directors to approve payments, or have a distributed finance organization.

Accelerate Billing & Collections

The quicker and more accurate you generate invoices from dues, orders, subscriptions, events or other revenue sources, the faster you are able to collect.

Sage Intacct helps speed invoicing cycles by automatically generating invoices from timesheets, expenses, purchases and accounts payable transactions. It includes extensive automation for recurring billing with flexible scheduling—and if your account management team uses Salesforce CRM, it can even automatically create renewal opportunities in Salesforce so your account managers can engage your members ahead of their renewal.

Sage Intacct eliminates manual data re-entry and provides more accurate billing, reducing conflict with your members and accelerating your billing and collection cycles.

Tailored, Efficient & Worry-Free

Learn more about Sage Intacct accounting software for Nonprofit Associations by viewing a demo, downloading a free trial or requesting a live, one-on-one demo.

When you're ready to move to a robust financial management like Intacct, it will free you to focus on your mission and providing first-rate service to your members.

Contact us to discover the right accounting software for your foundation