GMS Accounting and Financial Management Reporting System logo

GMS Accounting and Financial Management Reporting System

by GMS Inc. · Since 1980
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ActiveAvailable globallyOn-premise
Quick facts
VendorGMS Inc.
Year launched1980
StatusActive
Location10559 Metropolitan Ave, Kensington, MD 20895, US
Countries servedGlobal
Languages10
Integrations1+
Free tier
Free trial
Contact salesYES

About GMS Accounting and Financial Management Reporting System

GMS Accounting and Financial Management Reporting System is a software platform from GMS Inc. that assists with financial management. It provides budget tracking, expense reporting, and compliance management so organizations can maintain accurate financial records. This system supports various accounting functions, providing detailed financial insights and reports for better decision-making. It is designed to help users manage their financial operations efficiently with reliable reporting capabilities. Key capabilities: budget tracking expense reporting compliance management financial reporting user access management Best for: financial managers and accountants that need to oversee organizational finances and generate comprehensive financial reports.

The GMS Accounting and Financial Management Reporting System by GMS Inc. is a specialized software solution meticulously designed to cater to the unique needs of nonprofit and public organizations. Its core purpose is to streamline and enhance the accounting and financial management processes for entities that are required to meticulously account for grants, contracts, and various activities. The software is particularly tailored to organizations that operate within complex financial environments, where the need to track and report financial activities by specific projects or funds is paramount. GMS integrates all accounting activities into a cohesive entity-wide system, offering functionalities that cover the entire financial spectrum, from general ledger and cash receipts to payroll management, cost allocation, and comprehensive financial reporting. One of the most notable aspects of GMS is its user interface, which has been designed with accessibility and ease of use in mind. The layout is clean and intuitive, making it accessible even for users who may not have extensive technical expertise.

Pros & Cons

What users like
  • +1. Cost allocation: GMS excels in accurately distributing costs.
  • +2. Personnel reports: It provides comprehensive and detailed personnel reports.
  • +3. Grant accounting: GMS handles grant accounting effectively, even for varying fiscal periods.
  • +4. Service: The company offers excellent customer service.
What users flag
  • 1. HR applications: Users desire more advanced HR features, such as electronic timesheets and detailed personnel records.
  • 2. Timesheet import: While the current import process works well, having a single system for timesheets would be preferred.
  • 3. Website usability: The website could be more user-friendly, but with some effort, users can find the necessary information.

Features

Key features

1. Handles grant, contract, and program-based accounting.
2. Meets the specialized requirements of non-profits and public organizations.
3. Integrates accounting activities (general ledger, cash receipts, budgeting, etc.)

Additional features

1. Cost Allocation and Indirect Costing capabilities.
2. Supports multiple budget types (program, indirect cost, fringe benefits, etc.).
3. Complies with OMB Circulars for grant reporting.
4. Offers add-on modules for purchase orders, fixed assets, and more.

Pricing

Free trial
Free version
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Countries & Languages

Global
Countries served
10
Interface languages
5
Billing currencies

Interface languages

EnglishSpanishFrenchGermanItalianPortugueseRussianChineseJapaneseKorean

Billing currencies

🇦🇺AUD🇨🇦CAD🇪🇺EUR🇬🇧GBP🇺🇸USD

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