Accufund Accounting Suite Review - why 4.2 stars?

Shlomi Lavi / updated: Sep 22, 2022

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What is Accufund Accounting Suite?

Accufund accounting suite is both a cloud-based and an on-premise solution that is developed to work in medium-sized businesses and large-sized enterprises. The software help enterprises that require a specialized payroll and financial reporting such as municipal government and other agencies.

Accufund accounting software system contains a general journal that makes it easy to customize dashboards, manage cash receipts and reconcile bank accounts easily. The primary features of Accufund include inventory management, fixed asset management, inventory management, budgeting, and forecasting.

AccuFund is the organization that develops and distributes AccuFund accounting solution. It was founded in 2001 and is located in the United States.

Who is it best for?

AccuFund Accounting Suite is generally designed to serve government organization and nonprofits. These are organizations that get funding from various sources and would need to keep track of all financial activities. However, with the various applications that have been incorporated, other types of businesses can also find this program to be of great use. The program offers flexible reporting and a consolidated accounting functionality that can help any business of whatever size.

Main features and functionalities

AccuFund Accounting Suite will be able to help your business in so many different ways. Some of the key features that can benefit your business include General Ledger, bank reconciliation, cash receipts, accounts payables and receivables, financial reporting and document storage among others. There is also an option that allows users to customize some features such that the modules will fit in specific needs of a particular business. You will also be in a position to easily link AccuFund Accounting Suite with your Excel files and import or export data.

What is the actual cost?

The cost of license starts at $2,995 per license. ITQlick pricing score is 4 out of 10 (10 is most expensive). Access ITQlick pricing guide for Accufund Accounting Suite. You can also find here pricing information from Accufund Accounting Suite's website.

Pros

• AccuFund has a payroll module, and the program is simple to use
• The primary characteristics of each module offer a suitable foundation for effective and efficient transaction processing
• Zoho and Expensify integration are seamless
• The software is easy to use and user-friendly
• AccuFund Accounting Suite offers consolidated accounting and solid reporting features.

Cons

• The sole drawback is that users cannot attach notes to transactions
• The software cannot be integrated easily with other apps
• AccuFund Accounting Suite should include time and expense management tracking.
• Live chat for customer support for AccuFund Accounting Suite would be a major plus.

How it stacks up?

Access a head to head analysis of Accufund Accounting Suite vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Accufund Accounting Suite right for you or your business?

AccuFund is a comprehensive financial management system for NGOs that combines a powerful core system with a diverse set of modules. AccuFund has customers like Foxborough Regional Charter School, Magic City Enterprises, The Friends of the Cumbres & Toltec Scenic Railroad, etc.