Accounting software

Accounting software is "application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and trial balance".

The provision of accounting software for charities is dominated by Sage, which according to Charity Finance’s Accounting Software Survey 2009 supplied to 45 per cent of charities, with 35 per cent of charities using the Sage Line 50 package.

A common complaint is that the specific accounting needs of the charity sector mean that many smaller organisations are unable to find an affordable package with sufficient functionality to cope with the likes of fund accounting, payroll and gift aid.

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Cloud on the horizon: the Charity Accounting Software Survey 2010 0

Finance | Diane Sim | 1 Feb 2010

Topics: Accounting software

The percentage of charities which would recommend their accounting software supplier to another charity is at an all-time high of 78 per cent, in this year's Charity Accounting Software Survey. Yet for small charities, those with turnover of less than £1m, the rate is just 56 per cent. Diane Sim reports.

British Red Cross goes live with new IT system, and a new website looms 0

Finance | Gareth Jones | 9 Dec 2009

Topics: Accounting software | Websites

British Red Cross has implemented Agresso Business World as its new enterprise resource planning system, replacing its previous PeopleSoft application from Oracle.

Top-250 Christian charity to close 0

Finance | Tania Mason | 18 Nov 2009

Christian book and bible charity IBS-STL UK is looking to sell all its operations and wind itself up after the implementation of a new IT system went badly wrong and capped off a succession of financial problems. It is the first time in recent history that a top-250 charity has chosen to wind up.

Reduce reliance on cheques, charities told 0

Finance | Vibeka Mair | 1 Jun 2009

Topics: Accounting software | Banking

More charities should adopt e-banking and become less reliant on cheques to mitigate risk, according to Peter Mitchell, chief executive of CAF Bank.

Senior Accounting Officers in fining line 0

Finance | 28 May 2009

Topics: Accounting software | Taxation | HM Revenue and Customs (HMRC)

Senior accounting officers (SAOs) of large companies will shortly be required to provide personal certification that their accounting systems are capable of ensuring accuracy in their tax reporting. The proposals announced in the Budget 2009 draw on Section 404 of the Sarbanes-Oxley Act in the US (SOX), and the obligations therein to establish and monitor internal controls over financial reporting processes. The proposals apply to employment, direct and indirect taxes and state that SAOs will be required to:

Better budgeting and buy-in 0

Finance | Tania Mason | 1 Mar 2009

Topics: Accounting software | Budgeting

The National Autistic Society’s finance team needed to simplify its business intelligence to improve budgeting and staff input. The National Autistic Society (NAS) has a staff of around 2,500, and runs six specialist schools and 17 clusters of residential and support services for adults with autism, which account for 85 per cent of the organisation’s expenditure.

Charity Accounting Software Survey 2009 0

Finance | Gareth Jones | 26 Jan 2009

Topics: Accounting software | Customer Relationship Management (CRM) software

The recession appears to be having an effect on every aspect of a charity's operations, and accounting software is no exception. Making an assessment on whether purchasing a new system is justified at present as spending is reigned in, or whether a new product could bring vital improvements to financial decisionmaking, could be crucial in the current climate. This survey will help make that call.

Crisp and crunchy 0

Finance | John Tate | 23 Jan 2009

Topics: Accounting software | Customer Relationship Management (CRM) software

How much priority should IT projects be given in the current climate? January kicked off with considerable excitement at my home. My 18 year old daughter is in her gap year and works for a local leisure company. They have a shop on the premises that sells snacks and drinks to customers and a batch of crisps reached their sell by date at the end of the first week in January. The leisure company had a policy of giving staff any foodstuff that reached the end of its saleable life. So cometh the day the staff enjoyed a super mega feasting of crisps.

GuideStar UK to assist self-reporting for small charities 0

Finance | Ian Allsop | 23 Sep 2008

Topics: Trustee roles and responsibilities | Charity Commission | Accounting software | Accountability and transparency

GuideStar UK will continue to capture and display information from all the financial statements it receives from charities regardless of size, despite changes to the reporting thresholds announced earlier this month.

Free accounting software for registered charities 0

Finance | Gareth Jones | 14 Jul 2008

Topics: Accounting software

Financial software provider CODA has announced that CODA 2go, the software as a service (SaaS) accounting solution it launched in May through Salesforce's Force.com platform, is to be made available for free to registered UK charities.

Accounting for size 0

Finance | 10 Apr 2008

Topics: Accounting software | Audit

CFDG has announced an initiative to review the needs of accounting software for small/medium-sized charities, in partnership with ICAEW and Citra.

Accounting software survey correction 0

Finance | 10 Apr 2008

Topics: Accounting software

In the accounting software survey published in the February 2006 issue of Charity Finance we reproduced a chart which originally appeared in the Charity Finance voluntary sector IT survey 2005. The chart showed the percentage of respondents who would recommend their accountancy package. Unfortunately, due to an error at production stage, the chart was reproduced incorrectly and we would like to apologise to the firms for whom the incorrect version indicated lower satisfaction levels than is actually the case.

Keeping the peace 0

Finance | 10 Apr 2008

Topics: Accounting software

Greenpeace has said that donors have been ˜amazingly understanding' over a computer glitch that left many of them hundreds of pounds out of pocket over the Christmas and New Year period. A software problem led to direct-debit payments made on December 28 being altered by two decimal points, meaning that someone giving £10 a month to Greenpeace had £1,000 deducted from their bank account.

Blackbaud rules out UK accounts package 0

Finance | 8 Apr 2008

Topics: Accounting software

Blackbaud has confirmed that it has no plans to introduce its Financial Edge accounting package into the UK.

Charities report dissatisfaction with accounting software 0

Finance | 8 Apr 2008

Topics: Accounting software

Nearly a quarter of charities have experienced difficulties with installing, inputting data and/or using their accounting software system and would not recommend the package they are using, according to new research. Almost half of respondents to www.smartresources.org's accounting software survey were dissatisfied with the way their package produced reports and over a quarter were unable to generate the desired reports.

Updated financial solution launched 0

Finance | 7 Apr 2008

Topics: Human resources | Accounting software

CedarOpenAccounts has launched an enhanced version of its finance and human capital management software suite, which it says has been designed with charities in mind.

Sorted for e-crime 0

Finance | Rehman Noormohamed | 27 Mar 2008

Topics: Data security | Accounting software | Customer Relationship Management (CRM) software | Risk management

How to manage the risk of information security breaches

Charity Accounting Software Survey 2008 0

Finance | Gareth Jones | 1 Feb 2008

Topics: Accounting software

John Tate and Gareth Jones present the findings from the 2008 Charity Accounting Software Survey.

Sage halts deliveries after complaints 0

Finance | 29 Jan 2008

Topics: Accounting software

Deliveries of the latest version of Sage Line 50, the most widely used accounting software package in the charity sector, have been suspended following a stream of complaints to the company's support services. The majority of issues relate to the new Report Designer, which was introduced in response to longstanding dissatisfaction over Line 50's reporting capabilities.

Accounting software needs of small charities discussed 0

Finance | 29 Jan 2008

Topics: Accounting software | Statement of Recommended Practice (SORP)

CFDG is formulating a template for accounting software to meet the needs of smaller organisations. At CFDG's accounting software forum last month a list of key functions were discussed. These included the ability to function without add-ons, such as for reporting, stability, intuitive ease of use for those who are not accountants, technical support, training, a low price, flexibility, and receipts, payments and payroll functionality.