A new financial management package that will help charities cope with the requirements of the Charities Act 2009 was launched by Minister Pat Carey TD in Dublin today.
ENCLUDE, an Irish charity whose aim is to provide technology donations and solutions to Irish charities, has worked with software company accountsIQ to produce an online tool which will “ensure compliance with regulations, ease of reporting to funders and timely information to facilitate the decision-making process”.
AccountsIQ says it is offering the package at a 70% discount for charities.
Research carried out at the beginning of 2010 revealed that many Irish charities do not have the financial management systems in place to satisfy the requirements of the Charities Act 2009. There is no standard method of accounting within the charitable sector and many charity organisations still rely on spreadsheets and manual records to track finances, while others use a mixture of software accounting solutions to varying effects.
Eamon Stack, Director of ENCLUDE, said that as a charity they were very aware of the need for quality reporting and information, not just to comply with legislation, but also for good governance and management.
“We are also aware that the sector depends to a large extent on voluntary management so access from anywhere at anytime to these financial records is vital. Charity accountsIQ addresses those needs via the Internet while significantly reducing the burden of reporting,” Mr Stack said.
ENCLUDE undertook a review of a variety of different charities and a wide range of accountancy packages in operation throughout the world, looking for the right software. The objective was to find a solution which would facilitate competent financial management and reporting across the entire Irish community and voluntary sector.
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