Sage Intacct provides nonprofits with a modern accounting system that addresses the unique financial management and reporting challenges of mission-based organizations. From multi-dimensional categories to automated grant tracking, this cloud-based solution enables your team to capture unprecedented levels of visibility, leverage streamlined automation and demonstrate impact to stakeholders with clear visualization.
Here are the top features provided by Sage Intacct for nonprofit accounting and bookkeeping management:
Accounting & Financial Reporting
One of the core pillars of reporting in this solution is the dimensional general ledger, which allows you to track and analyze transactions across multiple entities, programs, grants, locations, funds and more without creating different unwieldy chart of accounts structures.
With a dimensional chart of accounts, nonprofits can:
- Set up primary natural account codes (assets, liabilities, net assets, revenues, expenses)
- “Tag” transactions with dimensional attributes such as location, fund, grant, program, or outcome
- Reduce account code complexity while enhancing reporting capabilities
- Facilitate both comparative and hierarchical organization of financial information
Your team will also be able to generate key financial statements, program performance metrics, compliance documentation and more with the latest insights extracted in up to real-time from your reports. Unlike traditional accounting systems that require complex workarounds to accommodate nonprofit needs, Sage Intacct automates fund balancing, simplifies allocations and streamlines consolidations across multiple entities while maintaining appropriate restrictions and designations.
Revenue Recognition
Nonprofit accounting typically includes managing multiple sources and types of funding from conditional grants to restricted contributions, but Sage Intacct Revenue Recognition allows you to automate the many complex tracking and reporting processes involved, including:
- Automates installment-based and conditional-based revenue recognition
- Manages installment-based transactions that cross year-end with automated schedules
- Works with Grant Tracking and Billing to track and automatically bill for grant funding
- Sets consistent treatment and classification of revenue by source with structured plans
- Tracks barriers and conditions along with progress on delivery
- Centralizes insight on revenue and condition status
- Streamlines compliance with ASU 2018-08 and ASC 606
Grant Management
Sage Intacct Grant Management offers comprehensive lifecycle management for various grants, with built-in workflows that enable precise monitoring of requirements, accurate expense tracking against budgets, and consistent compliance with grantor stipulations. Financial data from grant activities flows seamlessly into your transaction reporting, while automated documentation generation ensures traceable audit trails for each payment.
For nonprofit organizations that need to manage grants from multiple sources and provide traceability into how each fund is being used, this modern accounting software provides real-time visibility into grant utilization, remaining balances and upcoming reporting requirements. Teams can track milestones, monitor deadlines and collaborate on deliverables through a centralized task management workflow.
Nonprofit Reporting Compliance
Sage Intacct simplifies compliance with nonprofit reporting requirements through multiple built-in tools and templates which integrate directly with your workflows and processes. The system automatically creates GAAP financial statements, FASB 958 compliance reports and key Form 990 reporting worksheets, dramatically reducing the manual effort involved in regulatory reporting.
The dimensional reporting structure also allows you to:
- Filter, group and organize data by the dimensions most relevant to specific stakeholders
- Quickly build custom reports in the desired format
- Provide role-specific financial information to staff, executives and board members
- Maintain detailed audit trails for enhanced transparency
Unlike traditional accounting systems that provide only backward-looking reports, Sage Intacct delivers real-time information accessible anytime and anywhere, allowing nonprofits to look ahead with an eye toward future success.
Ecclesial & Religious Organization Accounting
The Ministry Intelligence module provides detailed tracking of congregation giving patterns, membership analytics ,program effectiveness, and other financial and non-financial metrics for religious organizations. This software also supports complex fund accounting requirements common for ecclesial nonprofits, including designated giving, restricted funds and special projects. Integration capabilities allow seamless connection with third-party church management systems, maintaining a single source of truth for all operational and financial data.
Payroll
Sage Intacct Payroll powered by ADP integrates seamlessly with your core financial management system, allowing you to exchange data between each module and automate processing, tax compliance and benefit administration while maintaining detailed labor cost allocation across programs and grants. With this module connected into your reporting, your finance team can manage complex scenarios such as split-funded positions and grant-specific labor reporting requirements all from your accounting software. The system also provides compliance documentation for your payroll processing to help streamline your report workflows and save your team time creating audit trails.
Dashboards & Outcome Measurement
What sets apart nonprofit accounting from other industries is the greater need to directly tie financial performance with mission impact through clear reporting that stakeholders can understand, which Sage Intacct helps contribute towards with intuitive visualization tools. Statistical accounts track non-financial information such as clients served, program participation rates or community outcomes alongside traditional financial metrics, creating a holistic view of organizational effectiveness. Role-based dashboards gather the most important reports, metrics, KPIs and approval statuses into one location, providing executives and managers with at-a-glance visibility into:
- Real-time budget-to-actuals for each program or grant
- Key operational metrics and outcomes
- Financial performance by dimension
- Progress toward strategic goals
See This Short Demo of Sage Intacct for Nonprofits
Integrations for Sage Intacct Nonprofit
Modern nonprofit organizations rely on numerous specialized systems to manage various aspects of their operations. Sage Intacct’s robust integration capabilities enable seamless data flow between your accounting software and other mission-critical applications, eliminating silos while improving accuracy and efficiency. Through open API architecture and pre-built connectors, you can create a unified technology ecosystem built around your unique pain points while providing comprehensive visibility into your organization’s activities and transactions.
Sales Tax
Integration with Avalara provides automated sales tax calculation and compliance management, particularly important for nonprofits with taxable sales activities. The system automatically determines tax status based on transaction type and jurisdiction, while maintaining proper documentation for tax-exempt sales.
CRM
Sage Intacct’s integration with leading CRM systems, particularly Salesforce, enables seamless flow of constituent data and financial information. This integration ensures that development teams have access to current financial data while accounting teams can easily track and manage pledge fulfillment and donor restrictions.
Industry-specific Applications
The platform’s open API architecture supports integration with a wide range of industry-specific applications, from electronic medical records systems for healthcare nonprofits to student information systems for educational organizations. These integrations help organizations maintain operational efficiency while ensuring data consistency across all systems.
Learn More About Sage Intacct Nonprofit
Nonprofit financial management presents unique challenges that require specialized tools designed for mission-driven organizations. Implementing the right solution can transform how your organization manages funds, tracks grants, and demonstrates impact to stakeholders while ensuring compliance with regulatory requirements.
Contact SWK here to learn how our team can help your nonprofit leverage Sage Intacct to streamline financial processes and focus more resources on advancing your mission.