Fund accounting and program cost reported without a workbook.
Nonprofits and membership organizations answer to funders, boards and members with restricted balances and program level cost. Nexus keeps funds, grants, dues and program spend in the same ledger.
Pain Point Solved
What this retires.
Restricted balances maintained by hand outside the accounting system.
Untracked restrictions
Fund and grant segments carry restriction terms, so released and remaining balances are derived from posted activity rather than reconstructed.
Unclear program cost
Payroll, purchases and allocations post to program and grant codes, producing functional expense reporting directly from the ledger.
Manual dues renewals
Membership dues carry term and renewal dates with revenue recognized across the covered period rather than at receipt.
Feature Mapping
How a grant is administered.
Award through funder report.
Award setup
The grant becomes a funded project with restriction terms, budget by category and reporting periods defined.
Spend and allocation
Payroll hours, purchases and shared cost allocations post against the grant as they occur.
Release and recognition
Satisfying a restriction releases the balance with an entry trail rather than a manual reclassification.
Funder reporting
Statement of functional expenses and grant reports draw from posted activity with drill-down to each transaction.
Administer one grant in a trial workspace.
Provision a workspace, set restriction terms and produce a functional expense report.