Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organizations or by law. It emphasizes accountability rather than profitability and is used by nonprofit organizations and by governments
The goal of most government agencies is to avoid creating budget deficits while providing the greatest benefit to the public by strategically allocating the resources that are available. In this respect, government accountants must be diligent in seeing to it that available funds are being used in the most efficient way possible and to maximize the potential benefit of each dollar.
As a leader in public sector financial solutions, we understand your intense focus on fund accounting to ensure exceptional stewardship of taxpayer dollars. We also understand the intense pressure you are under to make certain that government expenditures do not exceed tax revenue in a fiscal year, thus giving rise to a budget deficit.
Fund accounting software is an absolutely essential tool local government’s use every day to monitor and document the use of these assets to ensure the money is used properly and to avoid creating a deficit. At Harris Local Government we have a deep understanding of fund accountancy methods, the restrictions local governments face, and how important the right fund accounting software is to accomplishing your community’s goals while staying fiscally sound.
Learn more about how Harris Local Government’s tailored solutions can ensure your fund accounting approach remains on track and delivers the results you demand!