Fund accounting software is known for emphasizing accountability over profitability. It’s a pretty intuitive concept in which funds are placed into different accounts based on the revenue, expenditure, and general rules that apply to those funds and accounts. This type of accounting is especially common for nonprofits, charities, and other organizations that accept funding from donors and other kinds of contributors with specific interests. It’s also popular among public agencies and government entities. State governments may take a hybrid approach in which they maintain both a general fund and specific accounts with their own funding and expenditure rules. Here are just a few examples of organizational clients who may benefit from our software solutions.
Different Types of Fund Accounting Software
- Colleges and universities are among the most organizations that need and use accounting software. Frequently, donors and boosters will earmark contributions for their particular cause or interests. From building construction and campus development to scholarships and student organizations, fundraising campaigns often promote specific projects with built-in earmarks. From software support for Form 1099-Q filings to construction payroll to any number of third-party vendors, AMS has plenty of experience and software features developed with higher education in mind.
- Churches, too, may need to maintain multiple accounts with various financial rules and regulations that may apply to each account. Simply knowing what is and isn’t tax-exempt can be a complicated issue with big ramifications. Whether or not it’s part of a fund accounting system, our church payroll software is a great resource for many faith-based organizations.
- It’s also true that payroll can be its own type of fund accounting as part of a more comprehensive software system. Payroll expenditures and federal and state filing forms have their own set of accounting rules and data management needs. Along with software for recording revenue, expenditures, open and closing entries, and other types of general bookkeeping, AMS Payroll offers the solution you need for payroll support.
W-2/1099 Forms Filer and Payroll Software
Advanced Micro Solutions (AMS) is an industry-leading provider of W-2, 1099, and payroll software. Our software can manage specific types of funds alongside other general accounting software. Better yet, with our modular approach, you can build a customized software solution. That way, if you’re looking for targeted fund accounting software features, you can get what you need on a reliable platform and at a great price.
In a more general sense, there’s almost no end to the types of organizations and businesses that might benefit from our software solutions. The Forms Filer platform provides a menu-driven interface and essential data management features for your W-2 and 1099 filings. AMS Payroll is a powerful and dependable system that can ensure your organization makes timely payroll deposits, quarterly employer filings, and end-of-year payroll forms.
When you’re ready to implement a better software solution, you can buy and download our products directly online. Until then, download our free demo, or talk to our Sales and Information team at (800) 536-1099.