JULY 2017 ■ www.CPAPracticeAdvisor.com 11
NONPROFIT ACCOUNTING SOFTWARE: REVIEW
www.gmsactg.com
Grants Management Systems (GMS) is
a nonprofit accounting and financial
management software that is designed
for organizations that need to track
grant, contract, and program activity.
GMS is a good fit for organizations
that receive the bulk of their funding
from grants or contracts. Designed to
be deployment on-premise, users can
also choose to install the product on
a cloud-based virtual server for more
convenient system access.
GMS users a 5-digit code for all
regular accounts, such as general asset
and liability accounts. A 6-digit code is
used for tracking other data such as cost
centers and program activities, with the
6-digit code linked to a specific project.
Users can make each program element
inactive if it's currently not being used.
Though users can easily add additional
accounts, there is currently no option
to create multiple account segments.
GMS handles multiple transaction
types, including general journal entries,
cash receipts, AP processing including
processing AP checks, vendor manage-
ment, scheduling of payment dates,
document management, a cut down
version of the GL function for organi-
zations that don't require additional
functionality such as Payroll, AP, and
Cost Allocations.
Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
12347684
www.fundez.com
FUND-E-Z is best suited for small to
mid-sized nonprofit organizations. The
product is available in two versions,
Basic and Pro, and now offers cloud-
hosting, eliminating the need to install
the product on an in-house network.
Available in two versions, smaller
nonprofits can quickly scale up to the
Pro version of FUND E-Z. With new
cloud services offered, users can now
choose to install the product locally, or
have it hosted on the FUND E-Z system,
allowing anytime/anywhere access.
FUND E-Z offers users the ability to
choose between two chart of account
structures. The Basic version of the
software contains a fixed segment
chart of accounts, with a 22-character
capability and up to three cost centers.
The Pro version of the product offers a
more custom chart of accounts, up to
100 characters in length, and up to eight
additional cost centers, as well as both
fund level and account level segments.
Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
12347681
GMS Grants Management Systems
Fund E-Z Nonprofit Accounting
4.75
2017
OVERALL
RATING
4.25
2017
OVERALL
RATING