FastFund FAQs

Frequently Asked Questions About FastFund

Find answers about nonprofit accounting, fund accounting, payroll, fundraising, reporting, implementation, pricing, training, and support.

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Popular Topics

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Fund Accounting

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Financial Reporting

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Payroll Processing

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Fundraising & Donors

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Pricing & Licensing

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Training & Support

Accounting FAQs

Nonprofit Accounting Questions

Answers to common questions about nonprofit accounting, financial reporting, audits, budgets, and FastFund Accounting.

What is FastFund Online?

FastFund Online is cloud-based nonprofit software that includes accounting, payroll, fundraising, fund accounting, budgeting, reporting, and donor management tools.

What is nonprofit accounting?

Nonprofit accounting is the process of tracking revenue, expenses, funds, grants, programs, restrictions, and financial activity for accountability to boards, donors, grantors, auditors, and regulators.

How is nonprofit accounting different from business accounting?

Businesses focus primarily on profit and loss. Nonprofits must track restricted and unrestricted funds, donor restrictions, grant requirements, functional expenses, budgets, and mission-based reporting.

Does FastFund support nonprofit financial reporting?

Yes. FastFund Accounting helps nonprofits generate financial statements, fund reports, budget reports, grant reports, and audit-ready reports designed for nonprofit financial management.

Can FastFund help with audits?

Yes. FastFund provides detailed reports, audit trails, fund tracking, and financial records that help nonprofits prepare for audits and respond to auditor requests more efficiently.

Can FastFund track budgets?

Yes. FastFund allows nonprofits to create and monitor budgets by fund, grant, program, department, and other reporting dimensions.

Fund Accounting FAQs

Fund Accounting Questions

Learn how FastFund helps nonprofits manage restricted funds, grants, net assets, donor restrictions, and financial accountability.

What is fund accounting?

Fund accounting is a specialized accounting method used by nonprofits to track resources according to donor restrictions, grant requirements, programs, projects, and organizational purposes. It helps ensure accountability and transparency.

Why do nonprofits need fund accounting?

Nonprofits must demonstrate how funds are received, restricted, spent, and reported. Fund accounting allows organizations to properly track restricted and unrestricted funds while meeting donor, grantor, board, and audit requirements.

How does FastFund handle restricted funds?

FastFund allows nonprofits to track restricted funds separately from unrestricted funds while maintaining complete visibility into balances, transactions, revenues, and expenses associated with each fund.

Can FastFund track grants?

Yes. FastFund enables nonprofits to track grants, grant budgets, expenses, revenues, reimbursements, and reporting requirements. Grant activity can be reported independently or combined with other organizational reporting.

Can FastFund track programs and departments?

Yes. FastFund supports reporting by fund, program, grant, department, project, location, and other dimensions, giving nonprofits greater visibility into organizational performance.

How is FastFund different from QuickBooks for fund accounting?

FastFund includes true nonprofit fund accounting built into the software. Unlike QuickBooks, nonprofits do not need workarounds, duplicate entries, or complex customizations to track restricted funds and grants.

Payroll FAQs

Nonprofit Payroll Questions

Learn how FastFund Payroll helps nonprofits simplify payroll processing, tax reporting, payroll allocations, and compliance requirements.

Does FastFund include payroll software?

Yes. FastFund Payroll is fully integrated with FastFund Accounting, allowing nonprofits to manage payroll, employee records, direct deposit, tax reporting, and payroll allocations from a single platform.

Can payroll expenses be allocated to grants and funds?

Yes. FastFund Payroll allows payroll expenses to be allocated across multiple funds, grants, programs, departments, and projects, helping nonprofits maintain accurate financial reporting and grant compliance.

Does FastFund support direct deposit?

Yes. FastFund Payroll supports direct deposit processing, helping nonprofits streamline payroll administration and improve employee convenience.

Can FastFund generate payroll tax forms?

Yes. FastFund Payroll supports payroll tax reporting and can generate common payroll forms and reports required by nonprofits and government agencies.

Is FastFund Payroll integrated with FastFund Accounting?

Yes. Payroll transactions automatically flow into FastFund Accounting, reducing duplicate data entry and ensuring payroll expenses are reflected accurately in financial reports.

Can FastFund Payroll support multiple employees and pay schedules?

Yes. FastFund Payroll supports organizations of various sizes and can accommodate different employee classifications, compensation structures, and payroll schedules.

Can payroll be reported by grant, program, or department?

Yes. Payroll expenses can be tracked and reported by grant, fund, program, department, location, or project, providing detailed reporting for management, auditors, and grantors.

How does FastFund Payroll help nonprofits remain compliant?

FastFund Payroll helps nonprofits maintain accurate payroll records, support tax reporting requirements, allocate payroll correctly, and provide documentation needed for audits and compliance reviews.

Fundraising FAQs

Fundraising & Donor Management Questions

Learn how FastFund helps nonprofits manage donors, contributions, campaigns, acknowledgments, fundraising reports, and donor relationships.

Does FastFund include donor management software?

Yes. FastFund Raising provides donor management tools that help nonprofits track donors, contributions, pledges, campaigns, communications, and fundraising activity.

Can FastFund track donations and contributions?

Yes. FastFund allows nonprofits to record and track donations, recurring gifts, pledges, matching gifts, in-kind contributions, and fundraising revenue.

Can FastFund generate donor acknowledgment letters?

Yes. FastFund helps nonprofits create acknowledgment letters, contribution receipts, and donor communications that support stewardship and compliance requirements.

Can FastFund track fundraising campaigns and appeals?

Yes. Organizations can track campaigns, appeals, events, and fundraising initiatives while measuring response rates, donor participation, and fundraising results.

Can I generate fundraising reports?

Yes. FastFund provides fundraising reports that help nonprofits analyze donations, campaign performance, donor activity, pledge balances, and fundraising trends.

Can FastFund track donor history?

Yes. FastFund maintains complete donor records including contact information, giving history, pledges, communications, campaign participation, and contribution activity.

Can FastFund help improve donor stewardship?

Yes. By maintaining complete donor records and communication histories, FastFund helps nonprofits build stronger donor relationships and improve retention.

Is FastFund Raising integrated with FastFund Accounting?

Yes. Donations and fundraising activity can be integrated with FastFund Accounting, helping nonprofits maintain accurate financial records and reporting.

Software & Pricing FAQs

Software, Security & Pricing Questions

Learn about FastFund Online's cloud platform, security, implementation, licensing, pricing, training, and customer support.

Is FastFund cloud-based?

Yes. FastFund Online is a cloud-based nonprofit software platform that can be accessed securely from any location with an internet connection.

Can FastFund be used on both Windows and Mac computers?

Yes. Because FastFund Online runs in a web browser, it works on Windows, Mac, and other devices without requiring special software installation.

How secure is FastFund Online?

FastFund Online uses modern cloud security practices, secure connections, user permissions, and automated backups to help protect nonprofit financial and donor data.

Are automatic backups included?

Yes. FastFund Online includes automated cloud backups, helping organizations protect critical accounting, payroll, and fundraising information.

Can multiple users access FastFund?

Yes. FastFund supports multiple users with configurable permissions, allowing organizations to control access based on job responsibilities.

How much does FastFund cost?

FastFund offers affordable nonprofit pricing based on the modules selected and the needs of your organization. Visit our pricing page for pricing and packages. Packages start at $50 per month. Purchase what you need.

Is training included?

Yes. FastFund customers have access to onboarding assistance, training resources, webinars, documentation, and educational materials designed specifically for nonprofits.

What customer support is available?

Araize provides responsive customer support from nonprofit software specialists who understand nonprofit accounting, payroll, fundraising, and reporting requirements.

How long does implementation take?

Implementation timelines vary based on organization size and requirements. Many nonprofits can be up and running quickly with the help of Araize onboarding and support resources.

Can I try FastFund before purchasing?

Yes. Nonprofits can request a live demonstration and start a free trial to evaluate FastFund Accounting, Payroll, and Fundraising before making a decision.

Still Have Questions?

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✓ Serving Nonprofits for 30+ Years ✓ Built by Nonprofit Experts ✓ Free Support & Onboarding