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10 JULY 2017 ■ www.CPAPracticeAdvisor.com REVIEW: NONPROFIT ACCOUNTING SOFTWARE www.aplossoftware.com Aplos is well-suited to small to mid-sized nonprofits with revenues of $500,000 to $5 million annually. Completely cloud-based, Aplos works on both Windows and Mac platforms, and contains an easily navigated user interface that guides users to the functions they need to access. Aplos is available in three versions; Starter, Standard, and Advanced. Default funds can also be assigned to any account number if desired. One of the nice features is that all system funds are assigned a color, making it easy to track all activity against that particular fund. Users can track donations by individual donor, and the system easily handles online donations. The Donor Management dashboard provides a convenient list of all engaged donors, total online donations, and the number of active recurring donors. Users can create 'purposes' to track donations for various campaigns and programs, and the ability to create online dona- tion forms is a great tool for smaller nonprofits. For Standard and Advanced ver- sion users, a Contributions Manager is included that offers easy tracking for both online or manually entered dona- tions. The Contributions Manager also tracks special gifts, and will automati- cally create contribution statements at year end. Read the full review for this product online at: www.CPAPracticeAdvisor.com/ 12347675 www.araize.com FastFund Nonprofit Accounting from Araize is best suited for the small to mid-sized nonprofit organization. Avail- able online exclusively, FastFund offers easy system navigation, along with an affordable price tag. FastFund Nonprofit Accounting offers two product versions: Standard and Premium, though Standard users can choose from additional modules and simply pay the difference in pricing. FastFund offers users custom chart of accounts capability, with users able to choose from up to six account segments. The chart of accounts uses a table driven format and can accept up to 36 characters, with up to 6 characters per segment, which can be used to handle programs, grants, departments, and accounts. FastFund can easily process mul- tiple transaction types, including gen- eral journal entries, recurring entries, reversing entries, vendor invoicing, pay- ment scheduling, processing checks, cli- ent management, receivables tracking and management, payment application, and cost allocations including allocation by percentage or project code, as well as the ability to allocate both expenses and revenues against a particular program. Read the full review for this product online at: www.CPAPracticeAdvisor.com/ 12347688 www.cougarmtn.com Denali FUND Nonprofit Accounting from Cougar Mountain Software is well suited for small to mid-sized nonprofit organizations and government entities. A modular system, Denali FUND is scalable, so even the smallest nonprofit can utilize the product and scale up if necessary. Currently, Denali is offered in three versions; Basecamp, Ascent, and Summit, with each subsequent version offering more modules and functionality. Denali now offers Denali Nonprofit Cloud, that offers the same functional- ity of its popular desktop application, with the added benefit of anytime/ anywhere accessibility. Denali supports unlimited funds, with users able to create a unique fis- cal calendar and chart of accounts for each fund set up in the applications. Denali offers a flexible chart of accounts structure, with up to six segments and 50 characters available for use when setting up funds. Denali utilizes batch processing, which some may prefer for security reasons, but others may find burdensome. Read the full review for this product online at: www.CPAPracticeAdvisor.com/ 12349809 www.blackbaud.com Financial Edge NXT from Blackbaud is best suited for mid-sized nonprofit organizations as well as government entities and NGO's. Financial Edge is a 100 percent cloud-based application that can also be used from a smart phone or tablet. Financial Edge NXT offers a com- pletely custom account structure, so users can create the chart of accounts that best suits their needs. Users can use the default structure or add additional segments as desired, with the ability to adjust segment length if desired. The default chart of accounts requires the use of two segments, but can handle up to ten segments in total, with a total length of 30 characters. Financial Edge handles a variety of transaction types, including all GL related activity including journal entries, AP and AR management, project, and grant and endowment management, consolidation manage- ment. Users can also create recurring invoices, process credit memos, create invoices, post charges, payments, and donations, and process purchase orders. Read the full review for this product online at: www.CPAPracticeAdvisor.com/ 12347685 Aplos Accounting Araize FastFund Online Nonprofit Accounting Denali FUND Nonprofit Accounting Blackbaud Financial Edge NXT Nonprofit Accounting Software 4.5 2017 OVERALL RATING 4.5 2017 OVERALL RATING Read all reviews for NONPROFIT ACCOUNTING SOFTWARE online at: www.CPAPracticeAdvisor.com/12345902 4.75 2017 OVERALL RATING 5 2017 OVERALL RATING