Fund Accounting and Encumbrance Control
With a special edition designed for Non-for-profits, QuickBooks handles all NACUBO fund groups while permitting you to create appropriate subgroups. You have control over encumbrances and extensive budgeting features for revenues and expenses. Other QuickBooks features include general ledger, accounts payable, accounts receivable, cash management and management reporting.
Grants Management
Special accounting and reporting of sponsored grants and projects are supportable by QuickBooks. Indirect cost recovery is calculated automatically, inception-to-date budgeting and reporting is provided, and grants information can also be reported by your fiscal year.
Purchasing
QuickBooks includes a purchasing system. It provides extensive user support for your accounts payable, receiving, and buying functions and automates the three-way match. You also can track vendor performance, bids, and other documents in an instant.
Inventory Control
Extensive inventory control capabilities are closely integrated with purchasing. They include forecasting of planned use of disposable goods and calculation of economic order quantities.
Job Cost Accounting
QuickBooks tracks both direct and indirect costs of jobs or projects performed by departments such as buildings and grounds, copy centers, and computer centers. These costs can be tracked across fiscal years and can be billed to both internal and external customers.
Fixed Assets Management
Complete accounting and reporting for fiscal, custodial, and risk management purposes is provided. Original cost, betterment data, and replacement values are maintained, and multiple depreciation methods are available.
Cost Allocation
QuickBooks users can define and account for costs with individually defined pools and bases. Step-down allocations can be performed with automatic posting to the general ledger.
Endowment Management
QuickBooks provides extensive support for the management of endowment funds. Historical gift data, spending restrictions, and income distributions are maintained for each endowment. Investment data is also captured.