Is your reporting always a step behind?
Juggling complex fund structures and strict compliance demands with outdated tools makes timely decision-making nearly impossible. It’s a constant source of stress.
This lag creates significant risk. The fear of non-compliance penalties or providing stakeholders with inaccurate data is a real and constant concern for you.
This isn’t just you; it’s a widespread issue. In fact, a staggering 54% of fund accountants lack real-time reporting capabilities. This gap directly impacts your ability to manage risk effectively.
The right software can fix this by automating your reporting and compliance, giving you back control and confidence in your numbers.
In this article, I’ll guide you through my top picks for the best fund accounting software in 2025 to help you ensure compliance and lower risk.
You’ll discover tools that centralize fund management and provide the real-time financial insights you’ve been missing for so long.
Let’s dive in.
Quick Summary:
# | Software | Rating | Best For |
---|---|---|---|
1 | MIP → | Nonprofits & government orgs | |
2 | Blackbaud → | Nonprofits & foundations | |
3 | Aplos → | Nonprofits & churches | |
4 | Foundant Technologies → | Foundations & fund admins | |
5 | Intuit → | Financial controllers |
1. MIP
Struggling with complex fund accounting and compliance?
MIP offers a cloud-based SaaS solution designed to track unlimited funds and streamline your financial books with ease. This means you can easily monitor and report your organization’s finances, even with multiple revenue sources and funding requirements.
It addresses your pain points by helping you navigate the complexities of compliance and reporting standards, ensuring you’re always audit-ready and fiscally stable.
Here’s a true partner for your financial journey.
MIP Accounting is specifically built for nonprofits, K-12 schools, healthcare, and government organizations. It provides a robust reporting platform that increases efficiency and ensures compliance at every stage.
You can say goodbye to using disparate systems or unreliable workarounds to stay compliant. MIP supports complex funding sources, human resource management, and payroll needs, adapting to your organization’s unique requirements. Plus, it offers integrated and configurable dashboards with a multidimensional Chart of Accounts. The result is advanced security and fraud protection, alongside FASB- and GASB-compliant reports.
You can finally focus on your mission with confidence.
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Key features:
- Comprehensive Fund Tracking: Designed to manage unlimited funds, multiple revenue sources, and complex financial books with a user-friendly, streamlined system.
- Robust Reporting & Compliance: Offers powerful reporting capabilities, including FASB- and GASB-compliant reports, ensuring your organization meets all regulatory standards with ease.
- Integrated Modules: Features core accounting, budget management, payroll, HRMS, and procurement modules, all integrated for enhanced efficiency and automated workflows.
Learn more about MIP features, pricing, & alternatives →
Verdict: If you’re seeking a comprehensive, scalable, and compliant solution to manage intricate financial processes, MIP Accounting is one of the best fund accounting software options available. Built with 40 years of experience, it handles complexities like diverse funding sources and provides peace of mind through its robust security and dedicated support.
2. Blackbaud
Struggling with complex fund accounting and compliance demands?
Blackbaud offers solutions specifically for fund accounting, empowering you to simplify financial management and accurately track budgets. This means you can confidently manage revenue, donations, and taxes without missing a beat, ensuring your financial operations are robust and transparent. Blackbaud helps you maintain audit readiness and stakeholder transparency.
What if your software grew with you?
Blackbaud helps you streamline operations by offering purpose-built solutions. You can easily manage financial aid, process payments efficiently, and track budgets, making your daily tasks much smoother. This platform is designed to scale with your organization’s growth, preventing the need for costly system migrations down the line. It offers robust grant management for funders, ensuring your giving programs are strategic and outcome-focused, while also simplifying overall accounting tasks for nonprofits and foundations with specialized needs.
It’s all about making your impact bigger and bolder.
Speaking of streamlining financial operations, you might also be interested in my guide on best accounts payable software.
Key features:
- Fund accounting capabilities: Simplify accounting and gain clear oversight of budgets, revenue, donations, and tax obligations to ensure accuracy and compliance.
- Comprehensive financial management: Manage financial aid, process payments, and leverage grant management to streamline operations and enhance strategic giving.
- Flexible ecosystem: Scale your technology effortlessly with developer tools, low-code automations, and an expanding partner network, supporting your growth.
Learn more about Blackbaud features, pricing, & alternatives →
Verdict: Blackbaud is purpose-built as the best fund accounting software for nonprofits and foundations, helping you simplify complex financial processes like budgeting, revenue, and tax tracking. With its flexible ecosystem, Blackbaud supports scaling your operations while ensuring compliance and optimizing grantmaking efficiency, as evidenced by over $100 billion raised, granted, or invested annually through their software.
3. Aplos
Struggling to manage complex fund accounting with ease?
Aplos offers true fund accounting, designed specifically for nonprofits, churches, and other organizations. This means you can accurately track multiple funds with a customizable chart of accounts.
You’ll find it’s built to serve your unique financial needs, ensuring you can confidently manage your books the right way. This helps you avoid non-compliance penalties.
So, how can Aplos streamline your operations?
Aplos simplifies critical management tasks, from engaging donors to preparing financial documents. This integrated suite enables you to manage finances, people, and giving, all within one platform.
Here’s how it works: you get prebuilt and customizable real-time [financial and contact reports], allowing for transparency that accelerates impact. You can quickly pull essential reports like Balance Sheets by fund, and even customize them to organize donor data in unlimited ways.
Additionally, Aplos allows you to track financials and budgets for grants, departments, and programs, ensuring every dollar is clearly linked to its impact. You can also send reports directly to your team or board from the software, simplifying stakeholder communication and ensuring audit readiness.
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The result? You build trust with every dollar.
Key features:
- True Fund Accounting: Manage multiple funds with a customizable chart of accounts, ideal for nonprofits, churches, and various other organizations needing specific financial tracking.
- Integrated Reporting & Analytics: Access prebuilt and customizable real-time financial and contact reports, enabling clear insight into restricted funds, grants, and program allocations for transparency.
- People & Donor Management: Centralize donor and volunteer information with a dynamic CRM, allowing for custom communications, group organization, and streamlined engagement efforts.
Learn more about Aplos features, pricing, & alternatives →
Verdict: Aplos stands out as a strong contender for the best fund accounting software, trusted by over 65,000 organizations. Its specialized true fund accounting capabilities, combined with robust reporting and integrated donor management, directly address core challenges like compliance and complexity, delivering confidence in your financial operations.
4. Foundant Technologies
Struggling with complex fund accounting and compliance?
Foundant Technologies offers CommunitySuite, a robust solution that manages your overall financials, CRM, and fund accounting. This means you can break down silos and gain better control.
You can streamline workflows and ensure compliance with their purpose-built fund accounting software, providing you with transparency and confidence in your finances.
It’s time to amplify your impact.
Foundant Technologies helps you seamlessly manage financial activities within the same system as your other organizational needs, reducing information overload. Their solutions simplify and streamline your entire grantmaking process, from application to reporting, with tools built for transparency and impact.
Additionally, CommunitySuite integrates fund accounting with donor accounts and ticketing, eliminating the need for manual tracking and cumbersome spreadsheets. This improves communication and fosters collaboration by bringing all your financial and engagement data into one intuitive solution. Plus, their solutions cater to your unique needs, whether you are a small or large organization.
You will unlock significant efficiency and impact.
Key features:
- CommunitySuite: Provides robust fund accounting, CRM, endowment, and fee management activities for foundations, breaking down silos and centralizing financial operations.
- Fund Accounting: Purpose-built software designed for foundations to ensure compliance, transparency, and confidence in your finances with integrated donor and revenue tracking.
- Grant Lifecycle Manager: An all-in-one solution for securely managing your entire grantmaking process with unlimited user access and user-configurable design.
Learn more about Foundant Technologies features, pricing, & alternatives →
Verdict: Foundant Technologies is an excellent choice for financial controllers and fund administrators seeking the best fund accounting software. Its integrated CommunitySuite and robust grant management capabilities, trusted by over 2,600 clients with a 98.1% satisfaction rate, ensure compliance, transparency, and efficient fund management.
5. Intuit
Struggling with complex fund accounting and compliance?
Intuit QuickBooks brings a robust accounting platform to manage your finances, streamline operations, and gain confidence in your financial decisions. This means you can centralize fund management with automated processes.
You can securely import transactions, organize finances automatically, and automate bookkeeping to cut down on tedious tasks and save time. This directly addresses the pain points of manual work and information overload.
Here’s how Intuit helps your fund administration.
The platform manages everything in one place, allowing you to track money, run payroll, and handle payments efficiently. This integrated approach simplifies financial oversight for your organization. You can make smart decisions by leveraging reports and budgeting tools to enhance profits, manage cash flow with AI-powered invoicing and scheduled payments, and access expert support for compliance and insights. The result is better decision-making from real-time financial insights.
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Key features:
- Automated Bookkeeping & Payments: Streamlines income and expense tracking, automating tasks and offering AI-powered invoice reminders to get you paid faster.
- Comprehensive Reporting & Multi-Currency: Provides enhanced and powerful financial reports, plus the capability to record transactions in multiple currencies without exchange rate worries.
- Expert Support & Workflow Automation: Offers access to live experts for setup and bookkeeping guidance, alongside automated workflows to mitigate risk and improve cash flow.
Learn more about Intuit features, pricing, & alternatives →
Verdict: Intuit QuickBooks is ideal for financial controllers and fund administrators seeking the best fund accounting software to streamline operations. Its automation, comprehensive reporting, and expert support features help reduce manual work, ensure regulatory compliance, and provide real-time insights for confident decision-making, even supporting multiple currencies.
6. Grants Management Systems Inc.
Struggling with complex grant and contract accounting?
Grants Management Systems Inc. (GMS) offers accounting software specifically designed for nonprofit organizations. This system isn’t adapted; it’s built from the ground up for your specialized needs. This means no more trying to force a square peg into a round hole with generic solutions.
You need solutions designed for your unique financial landscape.
GMS provides an accounting and financial management reporting system tailored for entities managing grants, contracts, and program activities. This ensures your organization can accurately track and report on funds.
Their software meets the highly specialized requirements of nonprofit and public organizations, handling intricate grant and contract accounting with ease. Additionally, their Revolving Loan Servicing Software provides powerful portfolio management, catering to virtually any loan program with complete reporting capabilities for day-to-day needs. This comprehensive approach means your financial controllers can maintain audit readiness and ensure transparency for stakeholders.
It’s purpose-built for your success.
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Key features:
- Specialized Nonprofit Accounting: Designed specifically for nonprofits, public organizations, and grant/contract recipients, ensuring precise financial management.
- Comprehensive Financial Reporting: Provides robust reporting capabilities to account for grants, contracts, and activities, enhancing compliance and transparency.
- Powerful Loan Servicing: Includes a Revolving Loan Servicing Software for robust portfolio management and complete reporting for various loan programs.
Learn more about Grants Management Systems Inc. features, pricing, & alternatives →
Verdict: Grants Management Systems Inc. delivers purpose-built tools for financial controllers and fund administrators in specialized environments. Its focus on grant and contract accounting, alongside robust loan servicing, makes it an excellent choice for the best fund accounting software for nonprofits and public organizations.
7. LemonEdge
Is your fund accounting software causing compliance headaches?
LemonEdge automates complex fund accounting processes, eliminating multi-entry bookkeeping and manual calculations for your firm. This means you can say goodbye to those countless offline processes.
Their award-winning engine offers event-driven transactions and multi-ledger management, making complex tasks simple and time-consuming efforts efficient.
Here’s how to manage complexity at scale.
LemonEdge’s purpose-built accounting engine is designed for private markets, enabling you to balance efficiency with increasingly complex deals and fund structures. Their system helps you automate end-to-end accounting processes, unlocking hidden scalability.
You can calculate, record, allocate, and consolidate with their GL built for private markets, powered by a cutting-edge accounting allocation engine. Their comprehensive API ingests data from any source, integrating it into your automations. Additionally, you can model the future with scenario planning and keep investors informed via a white-labeled investor portal. Plus, LemonEdge eliminates the risks of offline spreadsheets by bringing your calculations into a secure environment with detailed audit history.
The result is real-time data and enhanced decision-making.
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Key features:
- Embedded Waterfall & Algorithms: Automate secure, audited waterfall calculations and integrate offline Excel calculations directly into the system, streamlining complex financial models.
- Investor Portal & Reporting: Provide LPs with secure access to data and reports through a white-labeled portal, alongside a suite of native reporting tools for comprehensive insights.
- Allocation Paths & Split Transactions: Eliminate multi-entry bookkeeping by processing single events across multiple structures, simplifying your accounting throughout the fund.
Learn more about LemonEdge features, pricing, & alternatives →
Verdict: LemonEdge provides mid-sized nonprofits and growing private equity firms with a powerful solution. Its capabilities like automated waterfall calculations and robust reporting make it an ideal best fund accounting software choice, ensuring compliance and maximizing scalability for your operations managing over $2.5 trillion in assets.
8. akoyaGO
Struggling with fund management complexity and compliance worries?
akoyaGO offers specialized financial and grant management for community and private foundations, designed to streamline your operations. This means you can easily manage the many moving parts of your organization.
You’re dealing with piles of grant applications and countless donor calls, but akoyaGO helps you become more efficient. This software reduces manual effort, enhancing your team’s productivity.
Here’s how akoyaGO solves these challenges.
Built on Microsoft Dynamics 365, akoyaGO provides enterprise-level security, familiarity, and robust integration. This foundation allows for incredible scalability as your needs grow.
You can create, track, and manage all aspects of funds with ease, including specific purpose and requirements. This helps you track contributions, grant history, and investment allocations with instant updates. The platform also automates interfund gifts, grants, and scheduled distributions, freeing up your team for strategic work.
Additionally, akoyaGO combines CRM, financial management, donor management, and grant management into one platform. This all-inclusive approach simplifies operations, reduces the need for multiple software solutions, and enables data-driven decisions based on insights from all areas of your organization.
This leads to increased productivity and better decision-making.
Key features:
- Comprehensive Fund Tracking: Create, track, and manage all aspects of funds, including specific purpose and requirements, with instant updates to contributions and investment allocations.
- Automated Grant & Financial Management: Automate interfund gifts, grants, and scheduled distributions, significantly reducing manual effort and repetitive tasks.
- Integrated Platform Solution: Combines CRM, financial management, donor management, and grant management into one system, eliminating the need for multiple software solutions.
Learn more about akoyaGO features, pricing, & alternatives →
Verdict: akoyaGO stands out as a powerful and scalable solution for your fund accounting needs. Its integrated CRM, financial, and grant management capabilities, built on Microsoft Dynamics 365, make it an ideal choice for the best fund accounting software, ensuring compliance and efficiency for community and private foundations.
9. Sylogist
Struggling with complex fund accounting and compliance?
Sylogist offers ERP and CRM solutions built on Microsoft Dynamics 365, providing a unified platform. This means you gain full visibility from fundraising to finance.
For financial controllers and fund administrators, gaining full visibility from fundraising through to finance is crucial for transparent reporting and audit readiness, which helps reduce non-compliance penalties.
This can truly empower your mission.
Sylogist helps you eliminate chaos by unifying your operations onto a single platform. This brings together ERP and student information tools, or CRM and ERP, to streamline everything.
You’ll find that SylogistMission is specifically designed to bridge the gap between fundraising and finance, allowing you to streamline operations for mission-driven organizations. This translates into improved data accuracy and allows your team to focus more on your core objectives.
Additionally, SylogistGov helps local governments build trust and improve safety through streamlined communication, empowering your team to deliver services efficiently and transparently. Plus, their data & intelligence solutions, alongside consulting and project management services, help your organization leverage the full potential of Microsoft technology.
The result is better, more confident decision-making.
Key features:
- Unified ERP & CRM platforms: Consolidate your fundraising and financial management onto a single system built on Microsoft Dynamics 365, ensuring full visibility across your operations.
- Streamlined operations for specific sectors: Purpose-built solutions like SylogistMission for nonprofits and SylogistGov for local governments help streamline accounting, grant management, and service delivery.
- Data & Intelligence Solutions: Leverage advanced data tools and consulting services to empower your organization with comprehensive insights and efficient project management for better decision-making.
Learn more about Sylogist features, pricing, & alternatives →
Verdict: Sylogist offers robust ERP and CRM solutions tailored for nonprofits and the public sector, making it a strong contender for the best fund accounting software. Its unified platform and specialized tools for donor management, grant management for grantors, and municipal ERP help address specific challenges in financial transparency and compliance for these organizations.
Conclusion
Are compliance worries keeping you up at night?
Choosing the right fund accounting tool is tough. The fear of picking a system that fails to handle complex reporting or ensure compliance is a constant pressure.
The future is clearly in automation. In fact, a recent study found that 61% of fund accountants believe AI will be critical. This shift isn’t just about efficiency; it’s about future-proofing your operations.
Here’s the tool I recommend.
Based on my extensive review, Sage Intacct is the clear winner. It directly tackles compliance risk with powerful automation and real-time financial insights.
Its ability to provide dynamic, multi-dimensional reporting ensures you are always audit-ready. I believe it’s the best fund accounting software for achieving unshakable confidence in your numbers.
For a comprehensive approach to managing business risk, my guide on best HR compliance software can provide further insights.
I highly recommend you take a product tour to see how it can simplify your most complex financial workflows.
You’ll gain complete confidence and control.