NetSuite’s Cloud ERP Assists Non-profits with Fund Accounting

Most nonprofits and NGOs must break down income and expenditures on a program-by-program basis, which means maintaining a distinct ledger for each operating fund. This can make accounting procedures between funds about as similar as balancing the books in Boise and Brazil.

The inherently complex accounting challenges nonprofits face require accounting systems that balance best practices with both power and flexibility. NetSuite.org, NetSuite’s Corporate Citizenship arm, is working to increase the suitability of their market-leading cloud ERP for nonprofit organizations.

NetSuite can offer a fund accounting solution which gives nonprofit organizations superior control over the balance sheet of any number of programs. With this platform, nonprofits can allocate costs on a percentage, hourly or fixed cost basis, with the freedom to configure different rules for each fund.

To read more about the features of NetSuite's Cloud ERP for nonprofits, visit the Cloud NetSuite blog.

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