CPA Practice Advisor

JUL 2017

Today's Technology for Tomorrow's Firm.

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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

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