- Customized Financials for Non-Profits: Unlike for-profit companies, non-profits use terms like “surplus/deficit” and should not include words such as “profit” on financial statements. In addition to departments & accounts, non-profits often require visibility into “funds & grants” and across “programs & initiatives”
- Unique reporting: In addition to traditional variance reports, non-profits may require encumbered expense reports to see “what is left” or “what’s been promised” by program/initiative and grant/fund. Donors may require specialized reports that must be automated for quarterly or annual updates.
- Scenarios and What-if Analysis: Multiple scenarios need to be managed in a single file to analyze and compare impacts such as adding a new program, revising the budget, and forecasting a change in donations.
- Allocation to programs & initiatives: Many non-profits need to summarize expenses by program which may require allocating people costs to programs & departments. Program managers require a simple interface to assign people to programs over time with automated reports summarized by person & program.
Non-profit financial models have unique planning requirements.
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Non-Profits
