NEEDHAM, Mass., Aug. 20, 2008 — AccuFund, Inc., provider of financial reporting and accounting software for non-profit, municipal and government organizations, today announced the availability of Version 3.07 of the AccuFund Accounting Suite. This latest release features enhancements to several of the system's core modules, offering greater usability, speed and productivity for its users.
Major improvements were made to the following core modules in the AccuFund Accounting Suite: Cash Receipts, Human Resources, Grants Management, Accounts Payable, and AF Query, a tool for executives and others who need to review accounting data and run reports but are not regular users of the system. The Cash Receipts module now includes point-of-sale functionality and allows cashiers to process EFT (Electronic Funds Transfer) and automatic direct payments from customers' checking accounts for all receivables.
"We are always seeking ways to make the AccuFund Accounting Suite even more user-friendly, but more specifically, we want to ensure it meets the needs of its users and helps them perform and complete their tasks as efficiently and easily as possible," stated Peter Stam, president of AccuFund, Inc. "This latest upgrade provides users with functionality that enables them to customize views and the creation of records and reports, as well as speed processing of customer payments and increase overall time savings."
For municipalities and non-profits that need retail capabilities, but not a full-fledged point-of-sale, AccuFund's Cash Receipts module now has a point-of-sale screen that displays unit prices and quantities that are tied to current inventory. The Cash Receipts module now has the ability to use automatic EFT functionality to directly withdraw the amount due from the customer's checking account for recurring bills such as utility bills, property taxes and other recurring fees.
Users of the enhanced Human Resources and Grants Management modules now obtain complete control and flexibility over how respective information is set up, as the systems are completely user-definable. Users can establish what fields are required, how fields are arranged, and what fields are the default and display automatically.
With respect to reporting capabilities, the Human Resources and Grants management modules both provide pre-defined reports, yet also enable user-defined reports for generating information based on the organization's particular needs.
The Human Resources module also now offers more seamless integration with the AccuFund Payroll module. In addition to tracking extensive information on employees, such as EEO reporting, training, certifications, performance reviews, earnings and disciplinary actions, the Human Resources module now allows organizations to configure these HR items to meet their specific requirements.
The Grants Management module also now offers single navigation and the ability to sort grants information in as many categories as needed. Grants can also be tracked while in process and after receipt. In addition, users can create grant accounting start and end dates that restrict posting to the general ledger. For reporting purposes, budget information stored in Grants Management may now also be transferred to the AccuFund Accounting Suite's General Ledger through the Suite's Budget Development module.
Feature enhancements are also included in these other modules in the AccuFund Accounting Suite: General Ledger, Payroll, Report and Forms Designer, Allocations, Utility Billing, Budget Development, Fixed Assets, Web Pay, Representative Payee, and Financial Report Designer.
Availability
The AccuFund Accounting Suite Version 3.07 is available in both Standard and Professional editions. The pricing for the core system begins at $2,995 and $6,595, respectively.
About AccuFund
AccuFund, Inc. provides scalable accounting software systems to nonprofit organizations and government agencies. The AccuFund Accounting Suite fulfills the market's need for an accounting solution that is more sophisticated than off-the-shelf products, yet much less expensive, complex and difficult to use than the higher-end offerings. AccuFund's products are available exclusively through Value Added Resellers (VARs) located throughout the United States. The VARs provide AccuFund's customers with cost-effective onsite training and installation assistance.
For more information, call 877-872-2228, email Email or visit http://www.accufund.com.
Contact:
Peter J. Stam, President
AccuFund, Inc.
400 Hillside Ave.
Needham, MA 02494
Phone: 781-433-0233 Fax: 781-453-0460
Email
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