Sage 50 for Charities & NFPs
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Get in control of your charity or NFP organisation with Sage 50
Not many people know that Sage 50 has powerful charity and NFP capabilities that can be turned on at a click of a button. Sage 50 is a cloud-connected accounting solution that is built for small organisations. Perfect for those day to day accounting processes, Sage 50 lets you set up your organisation with charitable status, allowing you to easily manage gift aid declarations, apply governance rules and regulations, enable charitable funds and unlock powerful fund reports.
What does Sage 50 offer Charity and NFP organisations?
Funds
Funds can be added to Sage 50 along with the type of fund (used for reporting purposes), types of funds include restricted fund, unrestricted fund and endowment fund. You can also access fund reports such as balance sheet by fund, fund analysis report and fund nominal activity.
Donations
You have two options for displaying donations in Sage 50. Bank receipts with the relevant fund, nominal code and donation as the reference field. Or, you can select the donations option in bank accounts, giving you gift aid options.
SOFA Reporting
Statement of Financials Activity reporting can be achieved with Sage 50. This can be needed for several appropriate bodies and Sage 50 comes with a default set of categories that you can use such as voluntary income, investment income, fund generating activity, income from charitable activity and many more.
How can Sage 50 help your Charity or NFP organisation?
- Keep track of your cash flow by recording your income streams in real-time
- Simplify your invoicing with the ability to create, edit and send invoice directly from Sage 50
- Link your nominal ledger to SOFA categories to unlock powerful reports and insight
- Assign customer accounts as members or donors
- Create Funds, add balances and transfer them between one another
- Provide a higher level of accountability with regulations and rules around governance, operations and advocacy
- Keep your VAT data up to date with MTD compliant software
- Track your business on the move with integration with Office 365
“Sage 50 is a one-stop-shop for all our financials, giving us a comprehensive database of customers, sales and costs, so we never miss anything. All in all, it’s a great product.”
Request a Sage 50 Demo
Fill out the form below to request a free, personalised Sage 50 demo for your Charity or NFP organisation. Once you fill out the form a Sage 50 specialist will be in touch with you for an initial chat, usually around 20 minutes long - from there you can book in a time that suits you for a personalised Sage 50 demo.
Why choose itas as your Sage 50 partner?
At itas, we believe in working in partnership with you to deliver the perfect solution that you want and need for your business. As a multi-award winning Sage Partner, our approach is to help you maximise technology to transform the way you work.
The change to any new platform is a journey, and we will be on that journey with you, every step of the way.
