Keeping a tight and accurate control of finances is, arguably, even more important for Not for Profit Organisations
When we think of Not for Profit organisations, we naturally think of Charity organisations and of course these are a massive part of this sector. However there are also many other organisations that fall into this category such as Local government, Sports Clubs, Membership Organisations or Educational bodies such as Schools, Colleges, Students Unions etc
You’ll need to produce management reports like any commercial business. However what you’ll also probably need to do is provide deep reporting around a variety of income streams and/or cost centres. In the specific case of charity organisations you’ll also need to provide a detailed breakdown of restricted and unrestricted funds. In some scenarios, you may also need an EPOS till.
Smith Cooper have significant experience in dealing with Nor for Profit Organisations, in particular the reporting requirements. We will work through your requirements and agree a suitable solution based on your precise needs and our experience.
Sage Accounting software is the best in class financial software for the UK mid-market. Thus whether you are an existing Sage user or interested in Sage as a replacement finance solution Smith Cooper can help you find the right product for your business.