Xero & Donorfy
Good financial management relies on good systems that have been set up well and provide a charity with the information they require in an efficient manner.
Charities require information slicing and dicing in ways that for profit organisations don't need to think about.
Institutional and trust funders require up to date information on how the funds they've given have been spent, donors want to know how much you spend on fundraising or overheads, and charity accounts are presented on an entirely different basis to corporate accounts - there's no traditional sales and gross profit, but instead the SORP to comply with. Your finance systems need to be able to not just cope, but thrive in this environment.
As a result we've partnered with two key software providers to enable our clients to get the best systems possible for them moving forward.
Xero accounting software
We're proud to be a Xero bronze champion partner and have been partners since 2017 with four staff members who are Xero advisor certified and three staff members who are Xero payroll certified. We believe it is the best for small charities, having tested all the major accounting systems - it’s incredibly flexible with a fully customisable basic reporting element, allowing us to design report templates specifically for you that give you a 360 and live view of the finances of the organisation at any time.
We can ensure you have reports showing cashflow, budget vs actuals, expenditure against individual funders and pretty much anything else you might require. All can be set up in such a way that they can be refreshed by anyone with system access at anytime, allowing you to see live figures. It can also be set up to automatically bring in your bank transactions, speeding up input and reconciliations.
Most importantly for you it has a fully customisable tracking system allowing you to track performance in any number of ways and not just by account code. This allows us to entirely tailor the set-up to any client.
We also work with a number of Xero certified applications to provide additional services where required. This includes:
Expensify - for full staff expense and credit card management
ApprovalMax - for fully customisable purchase invoice approval workflows
Futrli - for brilliant and visually impactful management reporting and forecasting
See our case study from The Cinnamon Network
for an example of how this works in practice.
Donorfy donor management software
Having spent years in the sector, and supported fundraising teams including at Christian Aid as finance business partner, Andy knows how important it is for fundraising and finance to be speaking the same language, and also how rarely they agree on figures! On the whole this boils down to having a donor management system that is financially robust but also talks to the finance system.
As a result, in 2019, Andy Nash Accounting and Consultancy partnered with the award winning Donorfy software (they've come top of the Charity Finance and Fundraising Magazine's CRM Software Survey for the last three years) to provide Donorfy implementations to our clients as a registered partner. We specialise in supporting charities who want to use Donorfy alongside Xero and have set up our own import and reconciliation templates to support this. We are also working with and advising the team at Donorfy to set up a permanent API link between the two softwares - a brilliant step forward for charities who want to have fully integrated and reconciled systems - no longer will fundraising and finance teams be at each other's necks.