Customized Chart of Accounts
FastFund Accounting has a user-defined chart of accounts that allows you to define an account structure that mirrors your organizational structure. Based on a table driven format, there are six account segments representing funds, programs, funding sources, departments, sites, and accounts.
FASB Compliant Financial Statements
As a nonprofit organization you can’t afford to jeopardize funding by failing to present reports that meet the strict reporting requirements of funding sources and government agencies. FastFund generates audit ready, FASB compliant financial statements including the Statement of Activities and Changes to Net Assets, Statement of Financial Position (Balance Sheet), Statement of Activities (Revenue and Expense), Functional Expenses and Fund Balance Reports. All reports can be run with comparative periods, run crossing fiscal years for any time frame. Reports can be generated rounded to the nearest dollar.