Fund Accounting 101

There are two basic types of accounting packages on the market: fund and commercial. Commercial organizations, such as enterprises and businesses, have accounting systems that measure product, division, and company performance by gain and loss of profits.

Some small businesses have nothing more than a checkbook. Revenue is generated, and expenditures are paid. The same can be said for a church, but churches have social and legal responsibilities extending beyond the balance sheet.

The word “fund” is the key difference. Merriam-Webster dictionaries define “fund” as “a sum of money or other resources whose principal or interest is set apart for a specific objective.” In other words, a fund is something restricted for a particular purpose. In its simplest form, a fund accounting program automatically keeps these monies separate to help ensure their use for intended purposes.

To learn more, keep watching this blog…

Fund Accounting Software and Fund Accounting Expertise Combined…

What a winning combination! At ProSoft Solutions, we don’t believe in just turning you loose with a box of software. We believe in training your properly on the software, fully integrating it with your current systems, and teaching how to grow and expand for the future. Your mission should always be on the growth chart and we can help you ensure that happens.

We are a team of CPAs, MBAs, and other accounting experts that all specialize in nonprofit accounting. We’re not just salesmen. Not by any means. When put to a side-by-side comparison of ProSoft Solutions and our competitiors for expertise, customer service, and long-term committment, we win out every single time.

User Groups and Seminars

We still have plenty of User Groups and Seminars left for the Spring 2008 schedule. Don’t forget to sign up and ensure yourself a spot. Please see our schedules and sign up form here:

http://www.prosoftsolutions.net/request_info.html

and here:

http://www.prosoftsolutions.net/client_resources.html

And you can also get downloadable information here:

http://www.prosoftsolutions.net/learn_more.html

We’re looking forward to working with you and helping your mission to succeed and meet both financial and fundraising goals.

Fresh Face Coming Soon…

We’re working to improve the usability, searchability, and overall look of our site (and blog) to better serve you. We’ve been testing a few things and reviewing a few things. We’re almost ready to reveal our face lift to you. Keep watching…

Take care!

Fund Accounting

Fund Accounting is completely different from traditional accounting. Any nonprofit or government organization can tell you that in a heartbeat. So when, as a nonprofit or government entity, you are looking to meet your fund accounting needs, why would you turn to a traditional accountant? Even worse, why would you turn to a company who has no experts at all, just salesmen who can’t help you with the products they’re selling?

With ProSoft Solutions, we not only meet and exceed your Fund Accounting Software needs, we meet and exceed your Fund Accounting service needs. We are the nonprofit and government accounting experts. All of are staff are CPAs, MBAs, and other accounting experts, all specializing in nonprofit accounting. We can’t stress to you the importance of that.

We also have customer service that is parallel to none. We’ve never met a client in person that we didn’t win over. We are here for the long-haul with you. With us, you don’t just get a box of software, you get expertise, customer service, training, follow-up and commitment. Anything we can do to meet or exceed your needs we do.

If you would like to have your Fund Accounting needs met by the nonprofit and government accounting experts, then please contact us today and let’s get started on you mission:

http://www.prosoftsolutions.net/fund_accounting.html

You may also sign up for some free info:

http://www.prosoftsolutions.net/request_info.html