Your Non-Profit Accounting Partner

Why do you want to work with AccuNet?

AccuNet has been providing financial, grant and budgeting systems to non-profits for over 30 years.

We get you

We understand grants, restricted funds, FASB 117, SAS 70, 501(c)(3) tax exemption, 990 tax form, compliance reporting, and design of financial systems to meet the goals of sponsors, boards, federal and state compliance.

Why is it important that AccuNet understands FASB 117?

FASB Standard No. 117 for non-profits is the rulebook for non-profit financial reporting.

FASB is short for Financial Accounting Standards Board and this organization writes the rules for private and Non-Profit organizations in the US. The primary purpose of FASB is to establish and improve GAAP (Generally Accepted Accounting Principles).

FASB is recognized by the SEC as the accounting standard and is recognized as authoritative by the Boards of Accountancy and the AICPA.  If you follow these standards in financial reporting, your organization can be evaluated by auditors, investors, donors, government and others who want to evaluate your stewardship with a higher degree of confidence.

At AccuNet, we use these standards in our design and consulting on financial system implementations so your system best supports current FASB standards.

The benefits of a well thought out design with FASB standards are:

  • Easier report creation to support audits, compliance and financial standards.
  • Credibility with board, donors, government, supporters, and auditors.
  • Influences good business processes and compliance.

More information on FASB can be found at www.fasb.org.  We encourage all persons responsible for non-profit reporting to sign up for the FASB newsletter that allows you to customize the information you wish to receive in the “STAY CONNECTED” page of their web site.  You can also buy publications like the Standards No. 117 that we keep on our bookshelves for reference on Non-Profit financial reporting.

A competitor for GAAP is IFRS, which is the international standard-setting body of the International Accounting Standards Board.  Especially in publicly-traded companies IRFS is growing in adoption.  Non-profits with an international presence will want to educate themselves on their standards at www.ifrs.org.

In our increasingly global world, the influence of IFRS is growing.  AccuNet helps with a design that satisfies both standards and, based on your organization’s mission, prepare for the future.

What Our Non-Profit Clients Say About Us

B.K., Controller

As the controller for a non-profit I have had several partners to support our ERP system over the years.   It is important to us to have one that is reliable, knowledgeable, and quick to respond to support issues.   AccuNet is the partner I chose and kept because they have the best customer service.  When we have upgrade, customizations, or program enhancements projects they do a great job scoping the project and are 99% on time and budget.  The support staff are also great to work with getting back to me with in the same day most of the time and usually within a few minutes or hours.   I highly recommend AccuNet as your partner for Dynamics SL.
2019-07-11T09:57:56-04:00
As the controller for a non-profit I have had several partners to support our ERP system over the years.   It is important to us to have one that is reliable, knowledgeable, and quick to respond to support issues.   AccuNet is the partner I chose and kept because they have the best customer service.  When we have upgrade, customizations, or program enhancements projects they do a great job scoping the project and are 99% on time and budget.  The support staff are also great to work with getting back to me with in the same day most of the time and usually within a few minutes or hours.   I highly recommend AccuNet as your partner for Dynamics SL.

5 Things to Consider When Selecting Non-Profit Accounting Software

This document arms you with five keys questions to ask a vendor who is proposing accounting software for your organization.

The Non-Profit Accounting Suite

Overview of the key processes in our Acumatica Non-Profit Plus financial software.

Program Management

Sometimes called project management, program management gives you a complete view of all activity and performance of each of your organizations programs.

Grant Management

Grants may last decades, Grant Management reports all activity and performance for the life of the grant.

Our Business Systems Team

Michael Milligan

Chief Executive Officer
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Jason Hull

Practice Manager

Michael Coman

Consultant

Tricia Carlson

Consultant

Becky Kukis

Consultant

Mike Zahn

Chief Operating Officer

Fred Stosberg

Customer Service Representative