FastFund Accounting
Nonprofit Accounting Software Built for Fund Accounting
Manage funds, grants, programs, departments, budgets, and financial reporting with accounting software designed specifically for nonprofit organizations.
Why Finance Teams Choose FastFund Accounting
Built specifically for nonprofits, FastFund Accounting helps you simplify fund accounting, improve compliance, reduce audit preparation time, and gain greater financial visibility.
True Fund Accounting
Track restricted, unrestricted, grant, program, and project activity without spreadsheets or workarounds.
FASB-Compliant Reporting
Generate Statement of Financial Position, Statement of Activities, and other required nonprofit financial reports.
Grant Tracking & Budgeting
Monitor grants, budgets, and program spending with real-time visibility.
Functional Expense Tracking
Automatically classify expenses across Program Services, Management & General, and Fundraising to simplify compliance and produce accurate nonprofit financial reports.
Audit-Ready Financials
Maintain a complete audit trail and reduce year-end audit preparation.
Cloud-Based SaaS Platform
Access FastFund securely from anywhere with automatic updates included.
General Ledger Standard Features
True Fund Accounting and Functional Accounting
Customized Chart of Accounts
FastFund Accounting has a user defined chart of accounts that allows you to create an account structure that mirrors your organizational structure. Based on a table driven format, there are six account segments representing funds, programs, funding sources, departments, sites and accounts.
FASB Compliant Financial Statements
As a nonprofit organization you can’t afford to jeopardize funding by failing to present reports that meet the strict reporting requirements of funding sources and government agencies. FastFund generates audit ready, FASB compliant financial statements including the Statement of Activities and Changes to Net Assets, Statement of Financial Position (Balance Sheet), Statement of Activities (Revenue and Expense), Functional Expenses and Statement of Cash Flow. All reports can be run with comparative periods, run crossing fiscal years and for any time frame. Reports can be generated rounded to the nearest dollar.
IRS Form 990
Generate all the data you need to complete IRS Form 990 N, 990-EZ and 990.
Cash Receipts
All cash receipts can be entered through FastFund Accounting, without the need for additional modules. All cash transactions are grouped for deposits and posted in total to the cash account. Also, a detail deposit report can be printed and attached to your bank deposit slip. Multiple cash accounts can be created.
Cash Disbursements
Checks for expenses can be entered manually, or can be set up to be printed. All other bank debits can be entered through cash disbursements for multiple cash accounts.
Automated Recurring Entries
Entries can be marked as recurring and scheduled for automatic posting on specific dates. Recurring transactions can be edited after posting, saving, data entry time and streamlining procedures.
Automated Reversing Entries
Transactions can be marked as reversing for accruals to write-off old checks or invoices. Internal controls and audit trails are built to track and link reversing entries.
Data Import
Data verification ensures data validation before import is complete. Import transactions, including cash receipts, cash disbursements, vendor invoices, client bills and journal entries. Also import vendor, client and other names for a quick start up.
Custom Financial Statements
Customize and memorize financial statements and budget reports for both internal and external reporting. Create an unlimited number of report sets and limit access to specific sets by user rights. Sets can be used to consolidate funds, programs and all line items on your reports. You can choose to group totals or display individual items with subtotals.
Budgets
Create budgets for each of your grants, departments, programs and funds with automatic roll-up for funds and organizational totals. Export and import budgets from spreadsheets. You can create multiple budgets for a fiscal year to track major budget revisions. Lock-in budget amounts for strict internal controls. Automatically create new budgets from prior year's actual amounts and prior year's budget amounts. Generate budget comparison report for current period, year to date and across fiscal years.
Bank Integration
The Bank Integration feature automates the transfer of your bank data from your financial institution accounts into FastFund Online. Araize has partnered with Plaid for the Bank Integration and uses Plaid’s secure connection application to access your bank using your authorized account information log on to securely link to your financial institution data.
Bank Integration retrieves bank data daily to ensure that everything in your bank account is reflected in FastFund Online. Using the Batch Processing functionality, transactions can be reviewed and edited, then posted to your bank accounts to aid with the bank reconciliation process. This process eliminates the manual effort of importing and matching your banking data in FastFund Online.
This Bank Integration enables you to:
- Connect FastFund Online to multiple financial institutions that operate in the following countries:
North America (Canada and the United States) - Cleared and processed bank transactions are automatically uploaded to Batch Processing from your financial institution accounts.
Bank Reconciliations
Easy to use bank reconciliation lists all deposits and other bank ‘credits’ separately from checks and other bank ‘debits.’ Mark all and unmark all features speed up the reconciliation process. Record bank adjustments directly in the bank reconciliation function. Print a reconciliation worksheet for review. All reconciliation reports are saved for future printing. You can even revert a bank reconciliation, if it needs to be adjusted.
System Security
Set up authorized users with strong passwords. Create user groups for role-based security. Assign individual user permissions for department heads. All data entered in the system is tracked by user and IP address for added security and audit trail. Create users with read only rights and limit to specific reports.
Duplicate Search & Merge
Search for duplicate names in the database and merge duplicate names if necessary.
Automatic Fund Balancing
FastFund Accounting is a true fund accounting application with the ability to set up multiple funds. Each fund is treated as its own entity within your organization, with separate trial balances and financial statements. All inter-fund transactions automatically create a fund balancing entry to keep your funds in balance. You can print a detailed audit trail of all fund balancing entries and source entries.
Multiple Year-End Closing Entries
Whether you have one fund or a thousand funds, each fund’s excess or deficiency is closed out to its own net asset fund balance.
Project Revenue& Expense Tracking
Built in cost reporting to track activity by project code. Projects can be grants, short term activities, sites or other operations within your organization that are independent of the chart of accounts. Generate revenue and expense reports, filter source journals and general ledger activity reports by project code.
Internal Controls
All data entered, edited or deleted in the system is tracked by user. Soft close the books to prevent entries by non-administrative personnel. Permanently close the books to prevent all users from posting transactions. Strict internal controls prevent the editing or deleting of linked or cleared transactions.
Audit Trail
Easy to read, detailed accounting reports, with a clear audit trail for account analysis, verifying financial statement accuracy and preparation for yearly audits. Generate detail audit reports of all data entered, modified or deleted by each user.
Accounting Reports
Standard reports include trial balance, source journal reports, general ledger and lists. Reports can be filtered for specific detail information. All reports can be printed to Excel, PDF and other file formats.
Extensive Database Filtering
Create customized reports from all of your financial data using powerful database filtering. Analyze data by utilizing user defined codes to identify trends and to isolate specific data.
13th-Month Year-End Entries
Separate year end audit adjustments from normal entries to generate pre and post audit reports. Helps isolate prior year audit entries in subsequent audits.
Drill Down to Source Transactions
Drill down to source transactions from reports and registers for quick viewing and editing of transactions.
Export to Excel, PDF and more
Export data to Excel, CSV, HTML, or to PDF files.
Functional Accounting
Functional Accounting Built for Nonprofits
Unlike generic accounting software, FastFund helps nonprofits track expenses by both natural classification, such as salaries, rent, and supplies, and functional classification, including programs, administration, and fundraising.
This gives your nonprofit the reporting structure needed to demonstrate accountability, prepare compliance reports, and clearly show how resources are used to support your mission.
This allows organizations to:
- Prepare Form 990 reporting more efficiently
- Produce audit-ready financial statements
- Analyze program efficiency and overhead ratios
- Meet grant and board reporting requirements
- Eliminate manual spreadsheet allocations
Why FastFund is the Smart Choice for Nonprofits
Compare FastFund to QuickBooks, Financial Edge, and Aplos.
Swipe left to view the full comparison →
Who We Serve
Built for the Unique Needs of Nonprofits
For more than 30 years, nonprofit organizations across North America have relied on FastFund to simplify accounting, grant tracking, payroll allocation, fundraising, and compliance reporting.
Human & Community Services
Housing programs, senior services, behavioral health providers, family support programs, disability services, and client and case-based services.
Arts & Culture
Museums, performing arts centers, theaters, galleries, cultural organizations, and arts councils.
Faith-Based Organizations
Churches, ministries, religious nonprofits, missions organizations, and faith-based community programs.
Education
Private schools, educational foundations, scholarship organizations, associations, and learning programs.
Health & Wellness
Healthcare nonprofits, mental health providers, rehabilitation programs, and community health organizations.
Foundations & Grantmakers
Private foundations, charitable trusts, grantmaking organizations, and philanthropic institutions.
Associations
Membership organizations, professional associations, advocacy groups, and industry nonprofits.
Animal Welfare
Animal rescue organizations, shelters, wildlife programs, and nonprofit advocacy groups.
Customer Testimonials
Trusted by Nonprofit Finance Teams
See why nonprofits choose FastFund for accounting, reporting, payroll, and fund tracking.
“The software is extremely easy to understand and use and is very affordable compared to other software packages that have similar features. It meets all our needs for accounting for multiple government grants.”
“FastFund facilitates the tracking of our restricted funds; we do not need to do all the double entries that our old software package required.”
Tom S, The American Philosophical Association, University of Delaware“FastFund Online was the perfect solution for our nonprofit organization needs. With a minimum background in accounting, this software was a lifesaver.”
Marilyn W, Memphis-Shelby County Education Association“FastFund has improved our ability to report on federal government grants, do our 990, report to funders, management and our board.”
Paula J, President, Aspen Center for PhysicsFastFund Accounting Pricing
Start with the plan that fits your nonprofit and add more features as your needs grow.
- Cash Based Accounting
- Fund Accounting
- Six Segment Account Number
- Budgeting
- Project Tracking
- FASB-Compliant Financial Statements
- Bank Integration
- Transaction Import
- Recurring Transactions
- Expense and Revenue Allocations
- 990 Reporting
- All Standard Features Plus
- Accrual Based Accounting
- Accounts Payable
- Accounts Receivable
- Direct Cost Allocations
- Accounts Payable - $22/month
- Accounts Receivable - $22/month
- Direct Cost Allocations - $22/month
- Indirect Cost Allocations - $40/month
- Purchase Orders - $22/month
- Fundraising Bundle - $25/month
- Multi-User (2) - $22/month
- Multi-User (5) - $40/month
Add-On Accounting Modules
Optional modules that expand FastFund Accounting as your organization grows.
Accounts Payable
FastFund Online Nonprofit Accounting Accounts Payable is seamlessly integrated with FastFund Accounting General Ledger and does not require transaction imports or reconciliation. Vendor activity is automatically posted to the General Ledger and vendor subsidiary ledgers.
FastFund allows you to keep multiple Accounts Payable control accounts, each with its own subsidiary ledger. This is useful if you want to separate vendor payables and other payables, such as client payables.
Accounts Receivable
FastFund Online Nonprofit Accounting Accounts Receivable is seamlessly integrated with FastFund Accounting General Ledger and does not require transaction imports or reconciliation. Client activity is automatically posted to the General Ledger and client subsidiary ledgers.
The Accounts Receivable system is used to maintain your financial activity on the accrual basis of accounting. Client bills are recorded in the period the revenue is earned not when the payment is received.
Client names are stored in the single names database. So if a client is also a donor, there is only one record to maintain for address and contact information. Generate one report with all financial activity associated with the name, including client transactions and donor transactions.
Indirect Cost Allocations
The FastFund Online Indirect Allocations module is a powerful system for allocating expenses and revenue.
Indirect Allocation Basis includes:- Direct Cost
- Direct Revenue
- Total by Account
- Fixed Numeric Value
- Fixed Percentage
Indirect Cost Allocations creates post allocated worksheets detailing the indirect costs or revenues being allocated and the benefitting cost centers, plus worksheets with the direct and indirect revenue and expenses for each cost center.
Allocations can be used for creating indirect cost reports, or can be posted as a journal entry to permanently move the transactions from one cost center to another.
Direct Cost Allocations
FastFund Online Nonprofit Accounting Cost Allocations will enable you to define your allocations methodology for direct and indirect costs.
- Allocate by percentages
- Allocate account distributions
- Allocate expenses & revenue
- Allocate by project code
Point of Entry Allocations allows you to set up an unlimited number of pre-defined allocations by percentage and accounts only.
Purchase Orders
The Purchase Order system is an add-on to the Accounts Payable module to track and control the buying process for goods and services. The use of purchase orders makes it easier to check what you received is what was ordered. It also makes it easier to enforce budgets and accountability. An efficient purchase order system can save time, cut costs and avoid cash flow nightmares.
Using Purchase orders can reduce the risk of internal fraud. Purchase orders also offer an audit trail of who handled a particular purchase transaction so they can be held accountable in case of inconsistencies.
When proper records are maintained for every transaction, income and loss statements, profit and loss accounts and cash flow statements are that much more accurate.
Switching to FastFund Is Easy
Migrate from any software with help from nonprofit accounting experts.
We Learn About Your Organization
We review your accounting, payroll, fundraising, grants, reporting requirements, and organizational goals.
We Help You Get Set Up
Configure funds, grants, budgets, users, reports, and modules with expert onboarding assistance.
Your Team Gets Trained
Training videos, live support, and nonprofit experts help your team get comfortable quickly.
Accounting FAQs
Frequently Asked Questions
Learn more about FastFund Online Accounting, nonprofit fund accounting, reporting, budgeting, and financial management.
What is nonprofit fund accounting?
Nonprofit fund accounting helps organizations track revenues, expenses, assets, liabilities, and net assets by fund, program, grant, department, or project while maintaining compliance and accountability.
How is FastFund different from QuickBooks?
FastFund was designed specifically for nonprofits and includes true fund accounting, grant tracking, donor management integration, nonprofit reporting, and payroll functionality that many organizations find difficult to manage in general-purpose accounting software.
Can FastFund track restricted and unrestricted funds?
Yes. FastFund helps nonprofits manage restricted, temporarily restricted, and unrestricted funds while providing clear reporting and financial visibility.
Does FastFund support grant tracking?
Yes. FastFund enables organizations to track grant revenues and expenses by grant, program, project, department, and funding source, helping improve compliance and reporting.
What financial reports are available?
FastFund includes standard nonprofit financial statements such as the Statement of Financial Position, Statement of Activities, budget reports, grant reports, departmental reports, and customizable management reports.
Can multiple users access FastFund Online?
Yes. FastFund Online provides secure cloud-based access for authorized users, allowing staff, accountants, and management to work from anywhere.
Does FastFund include budgeting capabilities?
Yes. Organizations can create and manage budgets by fund, department, grant, project, or program and compare actual results against budgeted amounts.
Can FastFund integrate with payroll and fundraising?
Yes. FastFund offers integrated accounting, payroll, fundraising, donor management, and reporting solutions to help nonprofits manage operations from a single platform.
Is FastFund suitable for small and mid-sized nonprofits?
Yes. FastFund is designed to support nonprofits of many sizes, from smaller community organizations to larger nonprofits managing multiple funds, grants, programs, and locations.
How difficult is it to switch from another accounting system?
Most organizations find the transition straightforward. Araize provides onboarding assistance, training resources, and support to help nonprofits migrate and begin using FastFund successfully.
See Why Thousands of Nonprofits Trust FastFund
Discover how FastFund brings accounting, payroll, fundraising, grant tracking, budgeting, and reporting together in one secure cloud-based platform.