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A fund is a separate accounting entity that tracks resources for a specific purpose or restriction within a nonprofit organization.
Nonprofits use multiple funds to track different sources of revenue and expenses, ensuring compliance with donor or grant restrictions.
Aplos enables users to manage, allocate, and report on multiple funds, maintaining transparency and simplifying compliance.
Common types include general funds, restricted funds, endowment funds, and grant-specific funds.
Yes, many accounting systems like Aplos allow for consolidated or fund-specific reporting based on organizational needs.