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Commercial or Fund Accounting Software:Which Is Best Suited for Your Nonprofit?

By Jacqueline M. Tiso, President and Founder of JMT Consulting Group
It's the ultimate in convenience, or so it seems at first. Buying commercial accounting software can seem like the perfect solution since it is used by so many for profit organizations. However, numerous nonprofits find themselves in need of features that commercial software cannot offer. Because nonprofits can have extremely specific accounting and reporting needs they oftentimes move beyond their ability to efficiently use commercial products. When that happens a move to a fund accounting software solution is necessary.
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