AccuFund has upgraded its financial reporting software for nonprofit, municipal and government organizations with new features for budget development, allocations and financial reports.

The Budget Development module in AccuFund Accounting Suite 3.08 now offers the ability to conduct detailed planning at the monthly level, and to list budget details in each account, such as the positions being funded in a particular department.

Budget Development also now stores account expressions, which calculate values based on other accounts in the worksheet. For example, a budget line item based on demographics such as units of services or other units can be defined. Users can also now lock a finished version of a budget at the monthly level and then start a new version.

Budget Development now integrates with the Grants Management module in the AccuFund Accounting Suite, allowing budgets developed through Grants Management to be processed through Budget Development and then posted to the General Ledger. When budgets are being developed, the user can determine which areas of the General Ledger are going to be budgeted, whether the project is connected to Grants Management and what period it will post to in the General Ledger. A budget project can be posted to as few or as many periods as desired, or across an organization's fiscal year.

AccuFund has also enhanced the Allocations module to function more seamlessly with Budget Development and allow revenues and expenses to be allocated across all accounts in a project. As a result, users can see all expenses, including overhead, for all programs and departments in a budget project.

With the Financial Report Writer, AccuFund now integrates financial data in the General Ledger with data in Budget Development, allowing managers to view the full history of data with budgets for all activities.

AccuFund has also added features to other modules in version 3.08 of the AccuFund Accounting Suite, including Accounts Payable; Accounts Receivable; AccuFiler; Client Accounting; Core Functions; Fees, Taxes & Licenses; Fixed Assets; General Ledger, Payroll; Grants Management; Payroll; Property Tax; Standard Report Writer; Utility Billing; and Work Orders.

The AccuFund Accounting Suite Version 3.08 is available in both Standard and Professional editions. Pricing begins at $2,995 and $6,595, respectively.

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