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Araize FastFund is a cloud-based accounting solution designed specifically for nonprofits to handle their unique financial management needs. The app offers comprehensive fund accounting capabilities that help organizations manage restricted and unrestricted funds accurately while maintaining compliance with IRS and FASB standards.
Key features include donation tracking, grant and pledge management, and support for generating IRS Form 990 and other financial reports required for nonprofit compliance. The software also provides customizable budgeting tools, expense tracking, and payroll integration, ensuring nonprofits can maintain clear oversight of their finances. Araize FastFund allows users to organize vendor invoices and streamline audits or internal reviews through efficient reporting tools that export data in multiple formats such as CSV, Excel, and PDF.
Accessible via any web browser, FastFund supports recurring donation processing through ACH or credit cards and accommodates various donation types, including individual giving, corporate contributions, and matched gifts. Its fund accounting approach enables nonprofits to reserve and manage assets specific to different programs or initiatives, enhancing financial transparency and control.
While the platform focuses on nonprofit accounting and tax requirements, it offers a straightforward interface suited for small to mid-sized organizations needing precise fund management and compliance reporting without the complexity of broader business accounting tools. Although it does not currently include a mobile app, FastFund receives regular updates to improve budgeting and reporting capabilities over time.
Overall, Araize FastFund facilitates accurate financial tracking, donor management, and regulatory compliance for nonprofits through a specialized, cloud-based system tailored to their operational needs.
This description was generated by AI (artificial intelligence). AI can make mistakes. Check important info.
Website: araize.com
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