Nonprofits: There's a Better Way to Manage Your Chart of Accounts

Financial management and reporting are critical requirements for nonprofit organizations, yet the process is often onerous. Nonprofit accounting staffs are slim and the nature of their chart of accounts makes the process high maintenance and too complex. Nonprofits must account for a variety of funds, grants, projects, programs, and more. In addition, they have reports that need to go to several different stakeholders, including executives and the board of directors, as well as donors or the congregation.

Intacct helps a broad range of nonprofits streamline and improve their accounting and financial management—from churches and membership associations to foundations and social services organizations. In the short video linked below, Intacct's Jeff Avilla discusses how the dimensional-based accounting structure of Intacct helps nonprofits simplify reporting and tracking of key areas of the organization, including fund and grant management.

Be sure to follow Intacct on all our social media channels, including Facebook, Twitter, and LinkedIn. Also... have you joined the Intacct Cloud Accounting group and the CFOInsights group on LinkedIn... they are a great place to network with other people interested in cloud financial applications.

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