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Conforms to the naming conventions as stipulated by FASB 117 for all the reports such as the Statement of Activity, Statement of Functional expenses, and Statement of Financial Position.
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Conforms to the categorization of projects as stipulated by FASB 117 to Programs, Administrative, Fund raising with its reflection in the Functional Expenses Statement.
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The user to define one simplified chart of accounts and then allocate expenses, revenues, and fixed assets to projects, donors, activities, and areas through the vouchers thus providing the highest level of flexibility. Further the same expense can divided and subdivided between different projects within the same voucher (ex. salaries or travel expenses can be divided between two projects (or donors or activities, or a combination etc..)
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Provides honest translation of financial transaction and reports into any currency even if the user uses one single currency. A currency table enables the user to enter the rates on daily rates and for each rate per day to be saved.
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Offers currency driven vouchers and provides various scenarios to funds that are received in one currency, recorded in another currency, and reported in a third currency or currencies.
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Provides a flexible naming of cost centers where projects need to be named as component and activities as departments etc..
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Provides a managerial components to projects and donors by providing a task list and a reminder mechanism for reporting , pledges and activities.
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Provides a comprehensive tool for budgeting both on project itinerary basis. general basis, activity basis. and donor basis.
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Provides extensive reporting that covers a combination of projects, donors, programs, activities, areas and builds summary and transactional relationships between them.
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provides numerous budgeting schemes on the general level, item level, annual level, or monthly level.
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Extends fixed assets handling to automatically allocate the depreciation expenses into the preset cost centers fixed in the fixed assets registry card for each item
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