AccuFund News

AccuFund Receives 5-Stars in CPA Practice Advisors’ Not-For-Profit Software Review.

CPA5Star CPA Practice Advisors describes, “AccuFund for nonprofits is a robust accounting and financial management application designed for nonprofits and government entities. AccuFund is an excellent choice for mid-sized nonprofit organizations that need to track a variety of funds, allocations, grants, and donors.”

Product strengths detailed in AccuFund’s 5-Star Review include:

• Variety of product deployment options for on-premise and cloud/online
• Strong set of core modules
• Robust selection of add-on modules
• Seamless integration with Salesforce for fundraising/development activity
• Multi-level security, with each user assigned an access level that corresponds to their position

The AccuFund Nonprofit Accounting Systems offers all the core modules nonprofits and government entities expect: General Ledger, Financial Report Writer, Budget Reporting, AP, Cash Receipts, Bank Reconciliation, Forms & Report Generator, Dashboards and User Security System.

Robust add-on modules include: Budget Development, Payroll & Labor Distribution, Grants Management, Human Resources, Fixed Assets, AR with Inventory and Responsible Party Billing, Allocation Management, Purchasing with Inventory, Online Requisitions, Loan Management, and Representative Payee.

AccuFund also offers payroll clients a robust Employee Web Portal for time sheet and self service benefits.

Read the full CPA Practice Advisors Review.

Read the full AccuFund 5 Star Press Release.

Read the First-Hand Account, featuring New Paradigm for Education success with AccuFund.

Created on 20 August 2018.

New FASB ASU 2016 - 14 Resources Available to Assist Nonprofit Organizations

The Financial Accounting Standards Board (FASB) issued new accounting standards updates specifically for nonprofits (ASU 2016-14) to improve the current net asset classification requirements and the information presented in financial statements and notes about a nonprofit entity’s liquidity, financial performance, and cash flows.

AccuFund has prepared not only its own nonprofit accounting software, AccuFund Accounting Suite, but also compiled a variety of resources including Nonprofit Quarterly webinars, original FASB ASU 2016-14 documentation, blog articles and popular white papers to help nonprofits successfully adapt to these new standards.

Read the full AccuFund Provides FASB ASU 2016-14 Resources to Nonprofits.

Visit AccuFund Resources for FASB ASU 2016-14 webpage.

Created on 25 May 2018.

AccuFund Announces Partner Leadership Awards

AccuFund today announced the recipients of its annual Partner Leadership Awards for sales and marketing success in the previous year. Presented at a special dinner during AccuFund’s annual reseller meeting, held March 17-19, 2018 the awards recognize the volume sales leaders for the AccuFund Accounting Suite.

AccuFund bestowed Partner Leadership awards for overall volume sales leadership, volume sales leadership in the government and nonprofit sectors, volume leadership in add-on sales and total unit sales, volume leadership in representative payee sales, marketing excellence and customer installation and support excellence.

AccuFund is a top provider of financial reporting and accounting software servicing the nonprofit, municipal and government sectors.

Read the full AccuFund Partner Leadership Awards Press Release.

Find an AccuFund Reseller Near You.

Created on 03 May 2018.

AccuFund Publishes FASB ASU 2016-14 White Paper Series for Nonprofits

FASB ASU 2016-14 White Paper for Nonprofits AccuFund, Inc. today announced a new 3-Part White Paper Series on FASB ASU 2016-14 to assist nonprofit organizations in understanding, preparing and implementing the new reporting requirements.

The Financial Accounting Standards Board (FASB) has issued a new accounting standards update specifically for nonprofits (ASU 2016-14) to improve the current net asset classification requirements and the information presented in financial statements and notes about a nonprofit entity’s liquidity, financial performance, and cash flow. This is the first major set of changes to nonprofit financial statement presentation standards since 1993.

Is your organization ready?

Read the full AccuFund FASB ASU 2016-14 White Paper Series Press Release.

Download AccuFund's New White Paper, Understanding. Preparing. Implementing. FASB ASU 2016-14 Reporting Requirements for Not-For-Profit Organizations.

Created on 18 April 2018.

AccuFund Announces Peter Stam Retirement

Peter Stam photo Nonprofit Accounting Industry Expert Retires. AccuFund Announces Peter Stam Retirement, Effective January 31, 2018.

After 16+ years at AccuFund’s helm, Peter Stam retires, effective January 31, 2018. Peter will continue to be involved at a strategic planning level. Gordon Holfelder has assumed the role of President after serving as Vice President since the company’s inception. Ian Scotland is named Vice President and General Manager.

Since 2001, AccuFund has provided nonprofits and government agencies with state-of-the-art financial software, helping clients grow and improve their overall financial management. “It’s been an honor working closely with so many wonderful clients over the years. I’ve enjoyed getting to know our clients, their business, and helping them build financial solutions that contribute to their community’s success, “ explains Peter Stam, “I take great pride in knowing we have built a strong business that will continue helping our clients serve their communities.” In retirement, Peter looks forward to spending more time with family and friends, enjoying time on Martha’s Vineyard, and traveling.

As news spread throughout the nonprofit sector, industry leaders offered their congratulations. Paul Clolery, Vice President/Editorial Director at The NonProfit Times shared, “Peter was always one of the more thoughtful executives to whom I turned, even on topics that did not involve accounting software. He had a sense of where the marketplace was going based not only on his own sales but also on what he was learning from customers and others in the industry.”

Read the full AccuFund Peter Stam Retirement Press Release.

Created on 31 January 2018.