Fund Accounting Software for Educational Institutions
EDUCATIONAL INSTITUTIONS, in California for example, are mandated by the (CDE) California Department of Education to adhere to SACS (Standardized Account Code Structure) or the Alternative Form, and in some instances provide for PERS (Public Employees Retirement System) and STRS (State Teachers Retirement System) reporting.
FUND ACCOUNTING software must also address fund allocations and balances for clubs, student associations, athletics, and scholarship administration. Because many educational institutions receive state and federal grants they must also have cross fiscal year reporting capabilities.
FUNDRAISING and the importance of fundraising to supplement state and federal grants, is often overlooked or downplayed with educational institutions. Targeted campaigns for specific events not only ensure increased revenues, but provide a greater sense of community relations.
Learn more about Sage 100 Fund Accounting – non profit accounting software for Educational Institutions.