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PyanGo Advanced Fund Accounting for NetSuite

Status: Unverified

Fund Accounting meets the needs of non-profit organizations by ensuring that all accounting entries are balanced by a wide variety of classifications and combinations.

View on Suiteapp.com

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Description

PyanGo’s Fund Accounting Solution

This fund accounting solution addresses nonprofit organizations’ financial management requirements to track and report on multiple funds simultaneously. Demonstrate accountability by allocating financial events, such as expenditures or encumbrances, to the corresponding individual fund, eliminating confusion and overspending.

Key Benefits

Manage your available funds by:

  • Using existing NetSuite dimensions for fund and enabling as a balancing segment
  • Automatically creating the due-to/due-from entries based on balancing segment values
  • Enabling users to fund financial reports by fund.
  • Enforcing spending controls so restricted funds can be allocated to specific expenses

Native NetSuite Platform Application

PyanGo’s solutions are built using NetSuite SuiteCloud development platform tools. It is 100% integrated with your existing NetSuite products. It delivers robust performance and reliability via the proven NetSuite platform.

FEATURES

Generate Self Balancing Entries

  • Balance on multiple accounting dimensions such as class and department, ensuring statutory reporting compliance
  • Control expense spend from specific funds
  • Leverage Suite GL features so that all impacts are in one place

Automated Funds Transfer

  • Automatically transfer funds between restricted and unrestricted categories
  • Works with PyanGo Grants Management to manage transactions related to grants and projects.

Produce Non-Profit GAAP and GASB Financial Statements

  • Produces comparative statements for your management staff and board of directors
  • Illustrates the budget to actual position for your programs, grants, departments, and other cost centers
  • Generates standard non-profit statements such as Statement of Net Assets, State of Revenues and Expenses, etc
  • Estimates future periods with ease and calculates forecasted financial positions, including analyzing "what-if" scenarios for better decision making

Enforce Balancing for Journal Entries

  • Manual JE balancing will be enforced, so no out of balance entries are created

Support Interfund Entries

  • Enable definition of clearing accounts for the balancing journals.
  • Solution is entirely rules based and configured to your needs.