The software is not a traditional commercial accounting or government fund package adapted for nonprofit use. It is designed, to meet the highly specialized requirements of nonprofits.|
Details: Since 1980, GMS (Grants Management Systems) has designed specialized software with a demonstrated record of success for hundreds of non-profit and public organizations.
Our clients will tell you, GMS has a clear understanding of their distinct accounting and financial reporting needs.
The GMS Accounting and Financial Management/Reporting System is not a traditional commercial accounting or government fund package adapted for non-profit use. Our software is designed, from the ground up, to meet the highly specialized requirements of non-profit and public organizations accounting for contracts and grants or by program activity.
GMS integrates accounting for multiple fiscal periods, funding sources, and costing of services and functions. GMS provides an alternative to fund accounting by replacing unnecessary separation with entity-wide financial management over restricted and unrestricted contributions. GMS meets requirements of GAAP, IRS 990 reporting, Health and Welfare standards, grant and contract administration, and Federal Cost Principles. GMS enhances reporting under FASB Statements 116 and 117 and builds integrity into grant, contract, and functional accounting.
Category: Accounting Software