Account Cloud Inc

New Cloud Books 365 Announcement! We just added some new fields to grants inside of Cloud Books 365. You can now add the purpose to each grant. You can also add notes that help describe the “story” of the grant. We also added the following types of dates to grants: Received date Completed date Applied date These new fields inside of the grant management feature in Cloud Books 365 will help your nonprofit more accurately track grants. If you’re interested in getting started with Cloud Books 365 comment “accounting” below or send me a DM with the word “accounting” and I’ll reach out with more information.

Why should I use a nonprofit focused accounting system in my nonprofit instead of QuickBooks Online? While you can use a generic cloud accounting system like QuickBooks Online to manage rhe finances of your nonprofit, it tends to require more spreadsheets and manual updating to get the financial information you need to stay compliant and make decisions for your nonprofit. Areas like grant tracking, donor reporting, and financial statements all have requirements that are difficult to fulfill with generic accounting software. However with nonprofit focused accounting systems, you get the benefit of having those painful manual spreadsheets eliminated because the system can track and handle the specific requirements for nonprofit accounting. If you are currently using a generic accounting system for your nonprofit message or comment the word “accounting” and I will reach out to you with a better solution.

3 ways Cloud Books 365 helps your nonprofit make grant tracking easy. 1. Keeps track of the grant progress with different stages such as Applied and Received. 2. Automatically tracks activity to the grant when transactions are entered, whether it’s income or program expenses against the income received from the grant. 3. Links the grant funder to a donor so that you can easily keep track of the contact information and other details for the funder. If you are not using Cloud Books 365 to track your grants, it’s time to get out of the spreadsheets and start using an accounting system built for nonprofits. Sign up for a free trial here: https://lnkd.in/gbSzCkbb

What accounting software does your nonprofit use? Leave a comment below with what accounting software you use and what is your biggest complaint about it. ??

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