06 Dec Sage Intacct supporting NFP and charity reporting
High-quality reporting is increasingly important within the not-for-profit (NFP) and charities sector, as resource providers pay particular attention to both non-financial and financial information in deciding where to direct their support.
To help organisations, Chartered Accountants Australia and New Zealand (CA ANZ) has recently published the seventh edition of its Enhancing Not-for-Profit and Charity Reporting guide. It contains reporting guidance for NFPs and charities, with recommendations, examples and checklists.
Sage Intacct helps NFP reporting through statistical accounts features enable NFP’s to reliably measure targeted outcomes and objectives. Linking these activities to financial data demonstrating the best application of your limited resources to achieve your objectives.
Dedicated statistical accounts allows the measurement of many KPI’s and to establish budgets and forecasts, which can be reported on using real-time dashboards displayed each time users login to Sage Intacct.
Enhance the effectiveness of your annual reports by reporting on whether you are having the impact you set out to achieve through providing qualitative and quantitative information on outcomes and outputs.
Have the ability to provide greater detail of actual fundraising against targets and information specifically on where a donor’s funds went, dollar for dollar, how this compared to target/budget.
Measure how your entity contributes to the improvement of economic, environmental and social conditions and developments at a local, regional and global level to add significant value to stakeholders.
Examples of outputs, measures and calculated outcomes in presented in section 3.3 of the Enhancing Not-for-Profit and Charity Reporting guide.
To find out how Sage Intacct can support your NFP and charity reporting contact us.