CPA_Practice_Advisor_April_2020 - 11

NONPROFIT ACCOUNTING SYSTEMS: REVIEW
FUND E-Z Nonprofit Accounting

www.fundez.com

FUND E-Z from FUND E-Z
Development Corp. is best suited
for small to mid-sized nonprofit
organizations. FUND E-Z offers
both on-premise and cloudhosted deployment options, and
includes two versions, Basic and
Pro, with growing nonprofits able
to scale up to the more powerful
plan if needed. The pro edition of

STRENGTHS:
* C an be installed on-premise or
accessed via the cloud
* Available in two versions
*O
ffers custom chart of
accounts creation
POTENTIAL LIMITATIONS:
* Indirect allocations only
available in the Pro version
* No grants management
module available
*N
o users are required to
purchase a support plan

FUND E-Z also includes an optional batch processing
module for nonprofits that wish to review transactions
prior to posting.
Both the Basic and Pro plans offer a customizable
chart of accounts, with the Basic version supporting
up to 22 characters for account names, and each
financial account name can be up to 6 characters
in length while fund level and cost center segments
support up to 4 characters.
The Pro version offers more customization options,

GMS Grant Management System

www.gmsactg.com

GMS Accounting and Financial
Management/Reporting System
is designed for nonprofits and
public organizations that need a
specialized accounting application to better manage contracts,
funds, and grants.
GMS is designed to be
deployed on-premise, although
there are specifications avail-

able to have the application hosted on the cloud.
GMS offers a 5-digit general ledger code that is
used to track assets, liabilities, revenue, expenses, and
equity. For more in-depth tracking, users can utilize
6-digit program elements, which are designed to track
program or grant details, including cost centers, activities, and components.
Pricing for GMS is based on the number of system
users, with pricing available directly from GMS. In
addition, GMS offers a variety of add-on supplements

STRENGTHS:
* Strong fund/grant management
* Good selection of modules
* L ong list of add-on supplements
POTENTIAL LIMITATIONS:
*N
o donor management or
fundraising features available
* No cloud version available
* Difficult to customize reports
* Limited third party integration
* C hart of accounts not
customizable

Serenic Navigator for NPO
STRENGTHS:
* Complete all-on-one
functionality
*O
ffers complete award/grant
management
* E xcellent analytical reporting
options
POTENTIAL LIMITATIONS:
* Complex system setup
* P ricing can be prohibitive for
smaller organizations

Serenic Navigator for NPO is a
robust financial management
application designed for nonprofit
organizations. Serenic also offers
versions for NGO's, K-12 educational institutions, and public
entities. Powered by Microsoft
Dynamics 365 Business Central,
Serenic Navigator for NPO is
designed to meet the accounting,

Tangicloud Fundamentals

Launched in 2016, Tangicloud has consistently delivered comprehensive fund accounting software designed for nonprofits
and government agencies. Today, the original program has
been entirely rewritten, offering a series of core modules and
apps designed to be delivered via Microsoft Cloud.
The new application, Fundamentals, is powered by
Microsoft Dynamics 365 Business Central, and it is flexible
enough to suit the needs of nonprofits and government
agencies of any size.
Fundamentals core features include G/L, Bank Management, Multi-Currency, Budget Planning & Control, Enhanced
Allocations, Commitments/Encumbrances, Purchase Orders,
A/P, EFT and MICR Payments, Fixed Assets, Inventory, A/R,
Project Management, Workflow with Approvals, Revenue

2020 OVERALL RATING

4.75

www.CPAPracticeAdvisor.com/
21132076

with the financial account, fund level, and cost centers
all supporting up to 10 characters in length for up to
100 characters.
FUND E-Z pricing is only available directly from
the vendor.

2020 OVERALL RATING

4.5

Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21132078

in a variety of categories including payroll, financial
reporting, accounts payable, accounts receivable, and
cost allocation, with all supplements priced separately.

www.serenic.com
management, and administrative needs of nonprofits,
all from a single application. Serenic Navigator NPO
can currently be deployed as a hosted/SaaS solution
or via Microsoft Cloud Services.
Serenic Navigator for NPO is best suited for larger
nonprofits that desire an all-in-one application that
includes complete accounting, budgeting, and grant
management capability. Along with the core application, Serenic Navigator also offers add-on modules
such as Deposits & Loans, Field Connect, and Donor

Read the full review for
this product online at:

2020 OVERALL RATING
Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21132090

Management with Donor Direct. Those interested in
Serenic applications should contact the vendor directly
to request additional information.

www.tangicloud.com
Recognition, and Indirect Cost Calculations. Apps designed
for team users include Timesheets, Expense Reports, and
Requisitions. In addition, there are Grant Management,
Advanced Allocations, and Procure to Pay apps available, with
Labor Allocations and Deposits and Loans due to be released
in the fall of 2020.
The changes in Tangicloud and its core product are
due to the desire to move to Microsoft's Business Central
Cloud. In the process of updated the deployment method,
Tangicloud took the opportunity to enhance the core modules
to better reflect the needs of the nonprofit community. These
enhancements include the addition of eight global dimensions,
an increased number of user defined fields, and improved
navigation designed to simplify the user experience.

Fundamentals also includes industry-specific account
categories, and the A/P module has seen updates such as a
Quick Pay option, MICR check processing and the option to
allow early A/P payments. Where users may see the most
significant changes is in the reporting module, with hyperlinks
now included in all reports, enabling users to drill down to
G/L entries. Also new are updated report formatting options,
as well as the addition of nonprofit specific reports such as
Statement of Activities, Statement of Financial Position, and
Statement of Functional Expenses.
Tangicloud has also added a new partner program and
is actively helping new partners transition to the program as
smoothly as possible.

APRIL 2020 ■

www.CPAPracticeAdvisor.com

http://www.fundez.com http://www.CPAPracticeAdvisor.com/21132076 http://www.gmsactg.com http://www.CPAPracticeAdvisor.com/21132078 http://www.serenic.com http://www.CPAPracticeAdvisor.com/21132090 http://www.TaxAlmanac.org http://www.tangicloud.com http://www.CPAPracticeAdvisor.com

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