NetSuite delivers an auditable and comprehensive fund accounting framework that allows your nonprofit to manage diverse revenue streams, correlate fund sources to associated expense transactions, and efficiently manage fund restrictions and grant requirements. NetSuite’s out-of-the-box solution automates SORP compliance with a streamlined Chart of Accounts using predefined GL custom segments to create unparalleled visibility into cash flow, fund balances, restricted revenue, functional expenses, grant activity and performance metrics.

• Track and manage diverse funds by relevant and associated segments.
• Manage resourcing by restriction, and report expenses against programs or grants to transparently show where funds are spent in real-time, at any time.
• Create SORP reports—Statement of Functional Expenses, Statement of Activity, Cash Flow, Statement of Functional Expenses—on the fly.
• Tag and report by Revenue Type, Subtype, Restriction, or any other segment with or without GL impact on the line level for data entry and SORP compliant reporting.
• Track a matrix of relationships between multiple revenue sources and multiple segment dimensions and geographic regions.
• Create unlimited GL segment code combinations for accurate and easy data entry.