Government and non-profit organizations face challenges that differ from those faced by for profit organizations. Different grantors have different reporting requirements and restrictions on the funds they award. The reporting requirements and accounting methodology are also unique to government and non-profit organizations.
Budget management is key to the success of these organizations. Therefore, non-profit and government organizations dedicate a considerable amount of time monitoring their expenditures and their budgetary effect as early as the requisition level. Having a financial system that allows them to structure their chart of accounts in a way that funds and expenditures can be tracked and reported by fund as well as the enterprise as a whole is crucial.
eliteBco has extensive experience in providing implementation and continuing production support for fund accounting systems. Because of our extensive experience with government and non-profit organizations, our personnel will understand your method of work, your people and your business processes.
Read more about our Fund Accounting products:
Sage Fund Accounting