Fund accounting platform Aplos integrates payroll app Gusto
Aplos, which provides accounting software tailored for nonprofit and church organizations, has partnered with Gusto to provide an integrated financial and HR solution for their customers. The payroll and tax data in Gusto syncs with bookkeeping in Aplos to create an integrated back office solution.
Nonprofit organizations tend to have unique needs related to formatting reports and tax documents in accordance with specialized rules related to disclosure to various stakeholders, and tax filing rules. Because of this, using standard accounting software often requires creating workarounds and offline supplemental work to achieve compliance.
Gusto is an online payroll, benefits, and human resources platform designed for small organizations. It automatically calculates, pays and files federal, state and local payroll taxes, as well as manages W2’s, 1099’s, and new hire forms. The partnership between the two companies creates a complete fund accounting system with full-service payroll designed for the needs of the majority of nonprofit organizations, according to Aplos.
Integrated, the Aplos and Gusto platforms share real-time data, with security measures in place, allowing Gusto customers to import payroll entries into Aplos as journal entries. This eliminates the manual import and export process required with each payroll run, which is meant to reduce the likelihood of a data-entry error and save time.
“Nonprofit and church leaders would rather focus on making an impact,” said Tim Goetz, CEO of Aplos, in a statement. “Running payroll is just about the last thing in the world they want to do and is a very common area of stress.”
“We are thrilled to expand our support of nonprofits by partnering with Aplos,” added Mike Triantos, head of partnerships at Gusto. “Gusto and Aplos share the same vision by making it simpler to manage nonprofits and churches so they can focus on their core mission. Our fully integrated partnership with Aplos will give nonprofits and churches are more streamlined way of managing their payroll and accounting needs.”