Hand-in-Hand: Fund Accounting and Donor Management
Accounting and donor management may seem to occupy different universes, but in reality, both teams work better when they work together. Fortunately, donor management and accounting processes and systems can be configured to support this collaboration. The two systems need:
- Seamless integration so both teams can focus on their jobs
- Tracking to ensure compliance with donor requirements
- The ability to manage spikes in giving to prevent problems down the road
Without a consistent data structure and a smooth hand-off between systems, accounting teams spend hours doing duplicate data entry and chasing inconsistencies, while fundraisers struggle to provide donors with the accurate reports and proof of compliance necessary for strong relationships and repeat donations.
If your organization relies on consistent and accurate donor information, then true fund accounting™, working in conjunction with your donor management solution, is key to your success. Download our short paper, “Maximizing Donor Contributions: Hand-in-Hand: Fund Accounting and Donor Management” and learn more!