About Pro Fund Accounting
Pro Fund Accounting is an accounting software from Cogitate designed for non-profit and governmental organizations. It combines fund accounting, grant management, and reporting tools so organizations can manage their finances effectively. This software provides real-time financial reporting, budget tracking, and compliance management to support transparency and accountability. Pro Fund Accounting helps ensure that funds are allocated according to regulations and grants are tracked accurately. With features tailored for non-profits, it allows for easy navigation of fund management and financial oversight. Key capabilities: fund accounting grant management budget tracking real-time reporting compliance management Best for: non-profit organizations and government entities that need comprehensive financial management solutions.
Pro Fund Accounting (PFA), developed by Cogitate Software, is a specialized fund accounting solution designed specifically for state and local governments, municipalities, county road commissions, and nonprofits, offering a robust platform for managing complex financial and administrative processes. The software integrates core modules including general ledger, accounts payable, accounts receivable, fund-based payroll, fixed assets, and inventory management, allowing organizations to maintain financial transparency and efficiency. A standout feature is its fund-based payroll system, which enables accurate payroll allocation to specific funds while supporting quarterly tax reporting and electronic W2 filing. The integrated budgeting module enhances visibility into financial planning and allows fringe benefit spread calculations, while the fixed asset module adheres to GASB-34 standards and the inventory system supports external barcode tools. PFA also offers optional utility billing integration through the UtilAbility companion software, and a web-enabled MyWork module for employee timecard management. While the user interface is somewhat dated and may require adjustment, the platform’s stacked design centralizes necessary information for efficient workflow once mastered.
Pros & Cons
- +The software provides distribution reports for accurate job costs, saving time when invoicing at the end of each month.
- +The payroll software is easy to learn, tracks deductions, handles direct deposits, and prepares quarterly and annual payroll reports.
- +The job costing software is frequently used for reporting and invoicing.
- +The accounts payable software tracks invoices and alerts users of possible duplicate postings.
- +The software is user friendly and intuitive, making training new employees easier.
- −The time card permissions color scheme makes buttons nearly impossible to read unless hovered over.
- −The approve time function does not allow supervisors to remove equipment using the trash can.
- −The import time function does not allow timekeepers to add or remove forgotten equipment by keying in the equipment number.
- −There is no “Calculate Paycheck” option to show employees the net effect of changes to withholdings or health plans before payroll runs.
Features
Key features
- Government Fund Accounting Specialization
- Designed specifically from the ground up to make state and local government accounting simpler.
- Budgeting System for Transparency
- Includes an easy-to-use budgeting system to enhance financial transparency and tracking capabilities.
- Multiple Solution Versions
- Offers three different fund accounting suites designed to fit varying government financial software needs.
- Comprehensive Accounting Solution
- Provides a complete financial management system serving the individual needs of state or local governments.
- Payroll Processing Features
- Includes robust and popular payroll software for upgrading government payroll systems.
- Enhanced Budget Tracking and Reporting
- Improves the government's ability to monitor budgets and produce insightful financial reports.
Additional features
- Government Fund Accounting
- Designed to meet the specific financial needs of state and local government accounting.
- Municipal Accounting Software
- Specifically created to help municipal accounting departments run smoother.
- Comprehensive Fund Accounting Solution
- Provides a complete and full-featured fund accounting system.
- Three Different Versions of Solution
- Offers a choice of three different software suites to match diverse financial requirements.
- Powerful and Affordable Accounting Software
- The core accounting system is both strong in capability and reasonably priced.
- Enhanced Budget Tracking
- Improves the ability to monitor and control budget spending.
- Enhanced Reporting Capabilities
- Improves the quality and utility of financial reports.
- Easy to Use Budgeting System
- Provides a simple and intuitive platform for creating and managing budgets.
- Budget Software for Greater Transparency
- Specifically designed to provide clearer visibility into budgeting processes (e.g., road commission, county level).
- Awesome Payroll Processing Features
- Includes high-quality features for managing and running government payroll.
- Utility Billing Software (UtilAbility)
- Offers a separate, highly-rated software package for municipal utility billing.
- Created with Customers in Mind
- Developed by Cogitate Software with a focus on user needs and experience since 1966.
- American-Based Expert Support Staff
- Provides knowledgeable support staff located in the United States.
- Accounting Information System
- Functions as a complete system to help the government become more efficient and financially transparent.
Pricing
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Interface languages
Billing currencies
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About Pro Fund Accounting
Pro Fund Accounting is an accounting software from Cogitate designed for non-profit and governmental organizations. It combines fund accounting, grant management, and reporting tools so organizations can manage their finances effectively. This software provides real-time financial reporting, budget tracking, and compliance management to support transparency and accountability. Pro Fund Accounting helps ensure that funds are allocated according to regulations and grants are tracked accurately. With features tailored for non-profits, it allows for easy navigation of fund management and financial oversight. Key capabilities: fund accounting grant management budget tracking real-time reporting compliance management Best for: non-profit organizations and government entities that need comprehensive financial management solutions.
Pro Fund Accounting Details
Pro Fund Accounting's In-App Market Place
Does Pro Fund Accounting have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
No
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), AUD (A$), CAD (C$), JPY (¥), CNY (¥), INR (₹), RUB (₽), BRL (R$), KRW (₩), MXN (Mex$)
Pros & Cons
- The software provides distribution reports for accurate job costs, saving time when invoicing at the end of each month.
- The payroll software is easy to learn, tracks deductions, handles direct deposits, and prepares quarterly and annual payroll reports.
- The job costing software is frequently used for reporting and invoicing.
- The accounts payable software tracks invoices and alerts users of possible duplicate postings.
- The software is user friendly and intuitive, making training new employees easier.
- The time card permissions color scheme makes buttons nearly impossible to read unless hovered over.
- The approve time function does not allow supervisors to remove equipment using the trash can.
- The import time function does not allow timekeepers to add or remove forgotten equipment by keying in the equipment number.
- There is no “Calculate Paycheck” option to show employees the net effect of changes to withholdings or health plans before payroll runs.
Pro Fund Accounting's Support Options
Email Address
sales@cogitateinc.comPro Fund Accounting's Alternatives
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