Accountrak
Fund Accounting Software
Accountrak is a comprehensive fund accounting software program designed specifically for private schools and nonprofit organizations. The program is simple to use for those new to accounting, yet powerful enough to meet the needs of advanced users. Unlike offthe- shelf accounting software programs, Accountrak offers many special features unique to nonprofit organizations. Accountrak is compliant with FASB (Financial Accounting Standards Board) and AICPA (American Institute of Certified Public Accountants). It accommodates an unlimited number of funds and uses a multidimensional user-definable account code structure.
Journal Entries
- Entries can be made at any time
- Software requires a balanced entry (ensures accuracy)
- Easy corrections if you make a mistake (forgiving)
- Chart of Accounts viewable in a pop-up window during entry
- Unlimited number of debits and credits for each entry
- Listings of Journal Entries can be printed for any date range
- Entries affecting certain accounts or departments can be printed
- General Ledger Style Reports
- Special Transaction Reports (deposits, adjusting entries, etc.)
- Excellent audit trail
General Ledger/Chart of Accounts
- User-definable chart of accounts
- Up to 100 funds supported
- Up to 1000 assets, liabilities, income & expense accounts
- Up to 100 other equity accounts
- Up to 100 categories or departments
- True twelve-month budgeting
- Current balances available at-a-glance
- Extensive on-line help for account setup
Financial Reports
- Reports are available for any time period - you decide the date ranges.
- All reports are as up-to-date as your last journal entry!
- Five income statement formats are available, each with several variations.
- Balance sheets can be printed for any period.
- Reports are available for individual funds or all funds (consolidated).
- Reports can be printed in detail or summary styles.
- Reports can be sent to ASCII files for importing into spreadsheet programs such as LOTUS 1-2-3, Quatro Pro, and Excel.
When Hunter Systems, an STI Company, developed its first version of Accountrak in 1985, we set out to create an accounting program to meet the unique needs and requirements of nonprofit organizations. Since then, we have continually enhanced our product to incorporate new reporting requirements and most importantly, to meet the ever changing needs of our customers. With the help of CPA’s and other accounting professionals, we have developed a fund accounting software package that meets and exceeds the general requirements for nonprofit organizations. And with the input of our clients, we have developed a fund accounting system that is easy to use - even for beginners! Accountrak integrates with School Minder or InformationNOW. This important feature ensures that an accurate and accountable audit trail is maintained.
End of Month Processing
- Months are closed when you finish your entries.
- You may work with any monthly period in the current fiscal year!
AccountTrak Features
- User-Defined Chart of Accounts
- Current Balances At-a-Glance
- Unlimited Funds
- Accounts Payable & Payroll
- Automated Check Reconciliation
- Credit Card Transactions
- Flexible Reports