Nonprofit and governmental accounting software maker FundWare has rolled out the latest version of its software with a new general ledger with a three-dimensional account structure.
The FundWare v. 7.30 general ledger includes the transactional part of the account number used on every ledger entry, and categories and groupings of a financial nature that facilitate reporting. Also included are user-defined fields that track financial or nonfinancial information such as grant-ending date or the number of clients served.
The three-dimensional structure means that users only need to work with the set of numbers that are necessary to the task at hand, not the entire account number. For example, when entering a project or function number, clients can use the transactional component of the account number, and the general ledger will make note of any corresponding groupings or user-defined fields for reporting or analysis.
Other enhancements include a new journal entry grid, which can also be set by user, and improved inquiry features that help drill down to supporting data and allow the creation of instant reports on particular items.
FundWare is available in two versions. FundWare Pro serves smaller organizations with eight or fewer users, while FundWare Enterprise is designed for larger organizations. Both versions offer more than 15 modules, including general ledger, project/grant, accounts payable, purchasing, payroll, budget preparation, allocation management, fixed assets and bank reconciliation. Modules start at $1,500 and go up to $2,500 for both versions.
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