ASC 958 fund accounting, built in rather than improvised
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Restricted Funds That Stay Restricted

A donor's restriction is recorded when the gift is entered, not reconstructed at year end from memo fields. The Statement of Activities, the functional expense schedule and the net asset rollforward come straight off that — so the numbers your board reads are the numbers your auditor checks.

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The reports a nonprofit is actually judged on

📊 Statement of Activities

Revenue and expenses split across without-donor-restriction and with-donor-restriction columns, with releases from restriction shown where they belong — the face of the statement your auditor expects.

🧮 Functional expenses

Program, management and general, and fundraising, classified as transactions are entered. The schedule that feeds Form 990 stops being a year-end allocation exercise.

🏷️ Donor restrictions at entry

Tag a gift with its restriction when you record it. Funds map to income accounts, sit in the restricted column while they wait, and release when you say the purpose was met.

📄 Five FASB reports, built in

Statement of Activities, Functional Expenses, Financial Position, Schedule of Net Assets, and Funds Available for Release — no spreadsheet stage between the ledger and the board packet.

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The Nonprofit plan

Fund accounting isn't an add-on here — the nonprofit reporting, donor restriction tracking and the full general ledger ship together in one annual subscription.

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Questions nonprofits ask

Does this replace our donor management system?

Only the accounting half. Gifts, restrictions, funds and the general ledger live here; campaign management, major-gift pipelines, event registration and email stay in your CRM. The part that usually breaks — the ledger disagreeing with the donor database — is the part this fixes.

Is this real fund accounting, or classes with a different label?

Real fund accounting. Net assets carry equity subtypes, restrictions are a property of the transaction, and releases move between columns on the Statement of Activities. It was built to ASC 958, not retrofitted from a class or tag field.

Will it produce what our auditor asks for?

The five statements above are generated directly from the ledger, which is what an audit works from. We don't file your 990 or perform the audit — we give your accountant numbers that already tie, instead of a reconciliation to do first.

We're a church. Is this the right page?

The same plan covers you, and there's a page written for congregations — offerings, pledges, giving statements and clergy housing on top of this fund accounting. See the Church plan →

Can our bookkeeper or CPA get in?

Yes. Advisor connections are included and don't use your seat. If your accountant runs their practice on BizBooks Pro, they can connect to your books from theirs.

What happens to our existing books?

Import them. Bring your chart of accounts, donors and history across from QuickBooks or a CSV, and we'll help set up the funds and restrictions so your net asset balances tie out — that's part of getting started, not a separate engagement.

Give Your Board Numbers That Already Tie

Free for 30 days with everything switched on. No card to start.

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