FastFund Accounting

FastFund Accounting is a fund accounting software designed to meet the specialized requirements of non-profit organizations. FastFund Accounting uses cloud-computing that seamlessly integrates with the accounts receivable, accounts payable, cost allocations, payroll systems, and fundraising systems.

FastFund Accounting allows organizations to save time and money when generating FASB 117 compliant reports and guarantees accountability to the funding sources. With FastFund Accounting, organizations have an excellent platform for eliminating the need to create reports using spreadsheets, therefore, reducing the chances of errors.

The fund accounting software lowers audit fees and maintains proper controls with non-profit accounting software. Organizations also have an excellent platform for eliminating the steep learning curve and get up and running fast. The customized chart of accounts allows users to define the structure of the account that mirrors the structure of an organization. The automated recurring entry feature marks an entry either recurring or scheduled.

By marking the entries, FastFund Accounting software saves data entry time and streamlines procedures. The custom financial statements allow the creation of an unlimited number of report sets and limits access to specific sets by user rights. FastFund Accounting makes it easy to use bank reconciliation lists.

The fund accounting software enables recording of bank adjustments directly in the bank reconciliation function. FastFund Accounting provides an excellent platform for searching for duplicate names in the database and merging duplicate names if necessary. The automatic fund balancing feature offers the ability to set up multiple funds.

With the automatic fund balancing feature, organizations can also print detailed audit trails of all the fund balancing entries and source entries.