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How to determine if a not-for-profit organization needs specialized accounting software
When a not-for-profit organization chooses accounting software, the conventional wisdom is that only software packages designed specifically for the not-for-profit market could adequately meet the specialized needs of tax-exempt organizations. Today’s technologies offer not-for-profits a much wider array of choices than previously available. Most middle-market and high-end accounting products, for example, are generally further ahead of the not-for-profit products in providing e-business capabilities. Yet some specific accounting issues faced by not-for-profit organizations are best addressed by not-for-profit specific financial software. Before selecting a new accounting system, organizations must carefully evaluate their short- and long-term needs, and then evaluate how well the software options meet those needs. |
Charles RiessMuse Newsletter
A bi-monthly publication dedicated to providing ideas and education to tax exempt organizations.
McGladrey MarketPrism
Provides organizations with valuable benchmarking information on a real-time basis.
Bob Billig
Partner
National Practice Leader
866.239.8790
nfp@mcgladrey.com