When we think of Not for Profit organisations, we naturally think of Charity organisations, while these are a massive part of this sector, there are also many other organisations that fall into this category. Such as Local government, Sports Clubs, Membership Organisations or Educational bodies like Schools, Colleges, Students Unions etc.
Despite being a not-for-profit organisation, 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. At Smith Cooper System Partners we are aware that many not-for-profit organisations receive dozens or hundreds of grants and directed donations in separate income streams. And donors rightfully want to know how their investments are faring. Our range of Sage solutions and add ons allows you to create separate closes for each revenue source along with a regular series of specific reports, each with its own unique requirements, for every funder.
Furthermore, as a not-for-profit, you will probably have a dispersed team of budget holders who need to make purchase requests remotely. 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.
Successful not-for-profit organisations operate efficient processes supported by appropriate software solutions. This allows them to keep their cost base low and enables the staff to spend their time fully focused on organisational goals. We have significant experience in dealing with not-for-profit organisations, in particular, the reporting requirements needed. We will work through your requirements and agree on a suitable solution based on your precise needs and perhaps solutions we have successfully implemented previously in similar scenarios.
Sage Accounting software is the best in class financial software for the UK mid-market. So, whether you are an existing Sage user in the not for profit sector or interested in Sage as a replacement finance solution, Smith Cooper can help you find the right product for your business.
If you would like to know more about how we can help your Not For Profit organisation then you can follow the links below, contact us on 01332 587515 or email sage@smithcooper.co.uk
Derventio Housing Trust has worked with Smith Cooper for over ten years. They have always been on hand for any help with Sage 200 and Sage 50. The staff are polite on the phone and in person, and turnaround times in dealing with queries are very efficient.
