Avoid the Nonprofit Reconciliation Nightmare

To streamline donor development, you may have invested in specialized donor software like DonorPerfect. Good! That’s a smart step. But that alone won’t prevent the nightmare many nonprofit organizations fear: having to explain to the board why the financial reports from your development office don’t match those from the accounting office.

To avoid that issue, every month many nonprofits perform tedious manual reconciliations between their fundraising and accounting systems. As you know, doing so is time consuming, expensive, and prone to errors. And while improved communication between your development and accounting departments can help prevent future lapses, that alone does not address the real pain point—which is the lack of integration between two financial systems that are integral to your organization.

Fortunately, there is a better way.

Automatically integrate fundraising and accounting systems

Sage Intacct, the best-in-class cloud-based accounting software solution, makes it possible for nonprofits to streamline grant, fund, project, and donor accounting with specialized nonprofit reconciliation, financial management, and accounting capabilities.

Sage Intacct can help you put your financial processes, reporting, and analysis back where they belong—inside your financial management and accounting system. By partnering with other vendors, including leading donor software companies like DonorPerfect and Orange Leap, Sage Intacct enables you to choose the best-in-class solutions you prefer, knowing that data will readily flow between systems to keep your teams on task and productive.

By creating integrated solutions that automatically sync financial and donor information, Sage Intacct can free you and your teams to spend more time on mission-specific strategic activities and relationship-building across the community.

And that’s not all. Sage Intacct’s multidimensional database also lets nonprofits aggregate transactions and activities across the organization—from multiple entities, currencies, grants and donors, and locations. With push-button consolidations, you can close faster and perform real-time analytics in minutes to improve decision-making.

Get the support you need

Insero & Co. is a public accounting firm with decades of experience working with businesses and nonprofits of all sizes. Our experts deliver customized consulting services, including serving as an extension of our clients’ accounting departments and filling specific positions to meet immediate needs.