Accounting Software For Charities

Howard Lake | 26 March 2012

How Can Accounting Software Help Your Charity?

Accounting software for charities is an extremely vital software application which will help a charity, large or small, enormously. With all the different kinds of accounting software available on the market, it really is tough to really know what kind of software you should purchase. However it can be a godsend to your charity in that it will help with managing your finances and streamlining your spending. It will take care of tracking of payments, banking, expenses, debtors and creditors among others.

Due to the fact that your organisation is a charity, you can be sure that it will come under greater scrutiny than most other businesses because your main funding sources are donations and grants. Therefore, you will need good accounting software for your charity.

A priority when selecting accounting software for your organisation, is to know which kind of software can better help the charity. There are several accounting applications which are custom-made to suit various institutions within certain sectors. It doesn’t matter what kind of accounting software you find, each one has several weaknesses and strengths which will be beneficial or perhaps not as helpful to the specific organization. Therefore to have a general understanding of the features you require can help considerably when selecting the best accounting software for your needs.

An additional element in choosing the correct software for your charity is that you need to take into account any subsequent expenses linked to the program. Additional charges consist of things like multiple licenses to operate the application on more than one computer system or inside a charity’s network along with the expenditures required for training the employees to work with that particular kind of application. You have to always think about these expenses when looking for accounting software for charities.

About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale. He is the founder of Fundraising Camp and co-founder of GoodJobs.