AccuFund Inc., a provider of financial reporting and accounting software for nonprofits and municipal and government organizations, has rolled out its first budget development module for the AccuFund Accounting Suite.With the module, budget managers can view any budget version to compare changes, as well as control revisions until the budget is locked. Revisions can be entered line by line, or by making calculations using rules applied at either the account, group, or worksheet levels. Notes can also be entered on any account line in a budget worksheet to explain a revision.
“It’s an extension of our accounting system,” said Peter Stam, president of AccuFund. “We have had budget reporting in our general ledger all along, but we didn’t have a tool to use to build the budget. We expected people to build it in Excel and then import it in. That doesn’t give control over the budget process.”
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