All organisations need to have an affordable and efficient way of tracking their finances. Whether it is an NFP, sporting club or volunteer school fundraising committee, it is crucial to know where the money is coming from and where it is going, in an easy and functional format.
Given that most not for profits are run by volunteers, it is often the case that someone just gets allocated the bookkeeping role regardless of whether they have any experience or knowledge in that area. In these instances, it is essential that the accounting software you adopt, is not only user-friendly but can produce the professional reporting you are required to present to relevant parties such as your committee, board or funding partners.
Listed below are some of the attributes that are a must have in your accounting software.
1. It is must be easy to use and simple to learn so that it doesn’t become a chore for the person who has the task of keeping your books in order.
2. It must produce detailed and varied reports that allow you to monitor not only expenditure and income, but also stock levels, equipment, memberships, etc. These reports need to be in a format that is quick and easy to produce for your accountant, auditors and committee.
3. It must be customisable to incorporate your logo and organisation details, allowing you to present a consistent brand across all reporting. By creating branded reports, you instill a sense of trust into your organisation when sharing these findings with the public and key stakeholders.
4. The software needs to be inexpensive and able to cope with the growth of your organisation. It is not financially viable to start with one software option and then move to a new option as the business expands. Starting out with the options that will see you grow and develop will not only save you money, but also time, in the long run.
Having had experience with a variety of bookkeeping products and finding the areas that were restrictive to many groups, is the reason we set about to create our award-winning software, Admin Bandit. We looked at all the ways traditional bookkeeping was restricting volunteer organisations and worked to find solutions to these problems. We then utilised our extensive software programming experience to create a product that gives you all the tools you need to effectively and easily manage your organisation’s bookkeeping.
Admin Bandit suits all organisations and ensures you have the tools at your fingertips to keep the financial side in the best shape possible.
There are no comments yet