Streamline The Back Office
Automate transactions and reduce manual
data entry and errors.
Close With Confidence
Accelerate the financial close and
maintain compliance.
Faster Insight
Gain real-time access to the financial and
operational performance of your organization.
KPI SCORECARD
The watchdog agency Charity Navigator recommends to closely monitor functional expenses to demonstrate a commitment to funding programs and services in an efficient way.
With NetSuite’s built-in scorecard, you can align definitions of success across the organization using Charity Navigator recommended governance metrics for Fundraising Efficiency, Program Efficiency, Administrative Ratio, Fundraising Ratio, Cash Flow to Total Debt, and Contributions Ratio.
Focus On Metrics That Matter
Align definitions of success across the organization using Charity Navigator recommended scorecards.
Improve Decision-Making
Drive better, faster decision-making with real-time data and reporting, and personalized dashboards.
Harmonize Fundraising And Finance
Create detailed reports that encourage dialogue about progress toward goals using cross-departmental benchmarks.
NetSuite delivers an auditable and comprehensive fund accounting framework that allows your nonprofit to manage diverse revenue streams, correlate fund sources to associated expense transactions, and efficiently manage fund restrictions and grant requirements. NetSuite’s out-of-the-box solution automates FASB compliance with a streamlined Chart of Accounts using predefined GL custom segments to create unparalleled visibility into cash flow, fund balances, restricted revenue, functional expenses, grant activity, and performance metrics.
Innovate Stewardship
Streamline your organization’s Chart of Accounts using predefined GL custom segments. Demonstrate accountability and stewardship of funds and restrictions, providing financial transparency to constituents, management, and auditors.
Fasb And Gaap Compliant
Tag revenue, time and expenses using GL custom segments. Build automated FASB reports—Statement of Functional Expenses, Statement of Activity, Cash Flow, Statement of Functional Expenses.
Transparent Reporting
Gain complete visibility into restricted/unrestricted fund balances and grant contributions at transactional and summary levels. Use over 250 standard and customized reports and dashboards with real-time access to the financial and operational performance using NetSuite’s customized Reporting Engine.
NetSuite’s grant accounting elevates efficiency and visibility into the grant lifecycle with the ability to track terms and conditions, track many projects to many grants, automate time and expense management for billable and nonbillable transactions, and manage expenses across multiple years. Grants in NetSuite maintain all relevant milestones so that vital information is in a single unified system.
Grant Life Cycle Automation
Automate time and expense tracking for billable and nonbillable transactions; manage expenses across multiple years and track terms and conditions.
Unified System
Grants in NetSuite maintain all relevant terms, conditions and milestones so that vital information is in a single place. One system manages donor/grantor/funder/funding source data from receivables and revenue transactions.
Unparalleled Visibility
Gain complete visibility into grant contributions at transactional and summary levels, as well as revenue to date and invoicing requirements by funder and grant award requirements.
Eliminate guesswork, and manual export and manipulation of data by your external consulting team. With NetSuite, it’s “done for you” with built-in FASB-defined reporting based on custom GL Segments and a template UCOA approved Chart of Accounts mapped closely to Form 990 line items, customizable by you.
Statement of Financial Position
Modified Balance Sheet to meet FASB financial reporting requirements.
Statement of Functional Expenses
Reports all expenses are broken down by “Program Services”, “Management and General” and “Fundraising,” as required by FASB.
Statement of Cash Flow
Cash flow from inflows and outflows resulting from the unrestricted and temporarily restricted funding. funding.
Statement of Activities
Revenue Report for Restricted Funds to support Statement of Activity. Lists all revenue transactions by account and fund.
Supporting FASB Activity Report by Program/Fund
Revenue Report for Restricted Funds to support Statement of Activity. Lists all revenue transactions by fund/program segment.
Grant Statement of Activity
A combined Statement of Revenues and Expenditures which includes the Net Asset categorizations can be filtered for a single grant or provide a comparative view of all grants.
Fasb Compliance With Confidence
Built-in standard FASB reports make transparent reporting easy for board members, auditors and leadership
Innovate Stewardship
Gain complete visibility into restricted/unrestricted fund balances and grant contributions at transactional and summary levels.
Unparalleled Financial Transparency
Simplify your Chart of Accounts using predefined GL custom segments (dimensions) to eliminate long, error-prone account code strings, and achieve complete visibility into the source and use of funds. Financial segmentation reduces the complexity and bloat of a traditional chart of accounts while expanding reporting functionality and analytics.
NetSuite comes out of the box with 12 segments to code expense and revenue transactions. Custom segments allow you to restrict funds based on time or donor intent, classify revenue streams, track functional expense categories, designate funds to a specific program, and beyond. The result is unprecedented stewardship of funds with customizable FASB compliant reporting, dashboards and role-based KPIS available to staff, management, and leadership teams.
Don’t see a segment that matches what your organization needs to track? Segments can also be created by you, to exactly match your business need.
Innovate Stewardship
Streamline your organization’s Chart of Accounts using predefined GL custom segments. Innovate data entry systems with NetSuite’s segmentation engine, providing unlimited segment combinations.
Fasb Compliant
Tag revenue, time and expenses using GL custom segments. Build automated FASB reports—Statement of Functional Expenses, Statement of Activity, Cash Flow, Statement of Functional Expenses.
Transparent Reporting
Gain complete visibility into restricted/unrestricted fund balances and grant contributions at transactional and summary levels. Use over 250 Standard and customized reports and dashboards with real-time access to the financial and operational performance using NetSuite’s customized Reporting Engine.
NONPROFIT DASHBOARDS, KEY PERFORMANCE INDICATORS, ANALYTICS AND REPORTING
Improve Decision Making
Drive better, faster decision-making with real-time data and reporting, and personalized dashboards.
Focus On Metrics That Matter
Align definitions of success across the organization using Charity Navigator recommended scorecards.
Harmonize Fundraising And Finance
Create detailed reports that encourage dialogue about progress toward goals using cross-departmental benchmarks.
Control Spend
Automate the procure-to-pay process and drive greater visibility into spend.
Ensure Compliance
Configure requirements, authorizations and approvals.