NONPROFITS & GOVERNMENTS
Tangicloud is proud to offer these great software features in government & non profit accounting, so you don’t have to piece together a solution of bolted on applications, or find that your solution needs other items to make it complete. We strive for 100% customer satisfaction with three comprehensive editions to match the varying needs of small, medium, large and growing organizations. Rest assured that Tangicloud will scale to meet your changing requirements over time.
ESSENTIALS EDITION FEATURES
Essentials is the solution for graduates of the low-end accounting software packages that abound today. It is a step up to comprehensive fund accounting, improved audit compliance and GAAP compliance at an affordable price. Here’s what you get:
No nonprofit or government should operate without the ability to allocate across funds, accounts and dimensions like programs, projects, grants and departments. With Tangicloud you can allocate funds at a detail line level in real-time. This allows you to manage your budgets, approvals and also get detailed financial reports instantly.
Every transaction in Tangicloud is recorded and kept, even when fixing accounting errors. This makes your annual audits much easier, and keeps your organization at the forefront of accounting best practices. You can drill down to any transaction or document on your books from reports and inquiries so you always know where your organization stands. Never be at a loss to explain who did what and when ever again.
Manage multiple bank accounts in multiple currencies, with the ability to handle automatic reconciliations, positive pay, electronic payments, direct deposits and check writing. Manage multiple funds within a single or separate bank accounts to suit your business practices.
Budgets and the weeks of working on them with each fiscal year, can be painful for nonprofit and governments. But not so with Tangicloud. Our flexible and complete budgeting features include the ability to set up unlimited budgets for planning, revisions and final versions. Use Microsoft Excel for more “what if” scenarios, and the ability to import/export either full or partial budgets, depending on your needs.
Manage and consolidate multiple companies with different fiscal years and/or currencies that are owned by your primary organization.
Do you work with employees, offices, or clients from different parts of the world? We manage multiple transaction, grant, and reporting currencies to provide maximum flexibility when your mission takes your organization across the globe.
Track not only what donations you have and where they need to be allocated (restricted or unrestricted funds), but also record who’s made donations to you in the past, so you can contact these generous friends again. Constituent and citizen relationship management is provided with the ability to record pledges, gifts, and other revenues. Coming Q4 2017.
Every organization benefits from a well-run accounts receivable program. When you choose Tangicloud you’ll have that and more. Whether you want to generate basic invoices or set up automated reminders and recurring invoices, the receivables features are there to meet your needs.
Efficiently manage your organization’s human resources. Group and track relevant employee information and organize employee data according to different types of information, such as experience, skills, education, training, and union membership. Store personal information, track job openings in your organization, and extract a list of candidates for these positions. Keep track of benefits and company items such as keys, credit cards, computers, and cars. Easily record all types of absences in units of measure that you define, and attach alternative addresses and relatives’ names to employees.
For fiscal years beginning after December 15, 2017 organizations following the guidelines of FASB’s ASU 2016-14 will only record net assets without donor restrictions and net assets with donor restrictions. Tangicloud can do that. However, if you would like to set your funds in the traditional unrestricted, temporarily restricted, and permanently restricted formats, Tangicloud can help there too. Within the software you can segregate your income sources by fund and automatically generate inter-fund balancing entries. If you run a government organization, you can set Fund Type to General, Special Revenue, Capital Project, Debt Service and Permanent fund groupings. Tangicloud is designed to meet your specific fund accounting needs today, and for years to come. And you can manage and report on these funds with FASB/GASB reporting compliance using Tangicloud’s pre-packaged Statements of Financial Position, Activities, Cash Flow and Functional Expenses.
Need to keep your existing chart? Want to use an industry standard definition for your organization? Sure! Create a chart with eight user-defined dimensions and multiple funds and grants for designating exactly where your money is sourced, spent and how it’s reported. Our advanced general ledger also offers allocations, automated due-to/due-from transactions, great budgeting features, and recurring journals. All this with a system designed to handle multiple companies, multiple languages and multiple currencies. This is a CFO’s dream-come-true.
With Tangicloud you’ll be able to track your inventory based on any of the three major methods of accounting for your stock: FIFO, LIFO or Average Cost. Plus, your inventory will be as up-to-date as you need, when staff have access to their data entry functions via the web, and on multiple devices. As Tangicloud is based on the world’s most successful ERP platform in Microsoft Dynamics 365, you can rest assured that you will always be able to manage specialized needs such as tracking memberships, gift shop items, equipment, supplies and other provisioning and sales needs.
Manage payables and expenses, from requisitions, to purchase orders, to invoices and payments, with detailed tracking of commitments and encumbrances through the entire procurement life cycle. Build great vendor relations by tracking contact information, accounts payable terms and payment cycles, and track by invoice, date, or subject, and even plan your payments as your budget allows.
SELECT & ENTERPRISE EDITION FEATURES
If your organization requires a full-blown enterprise solution, Tangicloud has a complete suite of advanced accounting software features for governments and nonprofits. But if you’re a more cost-conscious organization, you can still take advantage of advanced features by selecting up to 4 items from the following list. Either way, you’ll still receive everything from the Essentials package, but your ability to pick and choose extra features will sometimes make your job that much easier. Contact Tangicloud today. We’ll be happy to work with you to create a customized solution at “off the rack” pricing.
Beyond tracking donations, Tangicloud supports your organization with endowment management features that help you maintain your pooled investments and track principal, interest income, dividends and portfolio expenses. Then allocate income back to your funds and trusts based on daily balances. (to be released in 2018)
Employees and volunteers can enter their expenses directly into Tangicloud, saving valuable accounting department time. Expenses can also be imported from Expensify, thus enabling employees to use their mobile devices to easily “scan” receipts. All expenses can be routed for budget and management approval before being posted for reimbursement via payroll or accounts payable.
Manage your organization’s assets throughout their lifetime, depreciate them according to GAAP guidelines or expense them to grants and projects.
Cover all of your administrative tasks required to track proposals, awards, sub awards and contracts with Tangicloud’s Grant Management functions. Our Grants Management features will make you more competitive for securing grants and managing compliance. Also coming in 2018 is the ability to make grant awards to other organizations.
Planning ahead is the sign of a well-run organization, and one of the best ways to plan ahead with the detail necessary to avoid negative financial surprises is to deploy solution with encumbrance accounting in place. No more accidentally spending portions of your budget twice. You create purchase orders and management can approve or disapprove those orders based on budget available net of requisitions, existing purchase orders and actual expenses (both posted and unposed)..
Make your organization more efficient when you replace your paper forms with an accounting software package designed to meet the needs of all your staff. With Tangicloud’s requisitions and commitments your team can request and approve funds based on what’s truly available at the time of request and never go over budget again, without management approval.
Remove the hassle of paper or Excel time sheets by deploying the Time Sheets function within Tangicloud. Your staff will access Tangicloud anywhere at any time. You’ll spend less time chasing those tardy timesheet submissions and more time enjoying and managing your valuable colleagues. Also, you’ll improve effort tracking against grants, projects and programs to increase your ability to support audits and funder reporting.
At Tangicloud, we are committed to innovation in our industry, so check back here often to see our software for government and non profit accounting continue to grow with your needs.