Preparing your fundraising information for your accounting system isn’t always easy. In fact, it can take significant time and effort to align and reconcile data properly.
That’s something Salesforce has aimed to make easier with the release of the Accounting Subledger package as part of the Spring 2020 Release functionality for the Salesforce.org Nonprofit Cloud. While it’s been generally available for only a few months now, it offers promising benefits for nonprofits.
Here is some background and detail to help you decide if the Accounting Subledger package is the right fit for your organization:
What is Accounting Subledger?
Accounting Subledger is a new package that is installed “on top” of NPSP. It generates Ledger Entries for Opportunities and Payments that are automatically prepared for your external accounting system.
It isn’t an integration with your accounting system; it simply formats your data in a manner that’s required by your accounting system. This makes data integration much faster and easier — essentially requiring you to simply export a report and import it into your financial system.
Why use Accounting Subledger?
Accounting Subledger can be another valuable piece of your Salesforce technology ecosystem. For one thing, it’s designed to complement this other NPSP functionality for your gift-recording needs:
Then, there are Accounting Subledger-specific benefits, including:
How does Accounting Subledger work?
Accounting Subledger can be installed quickly and easily “on top” of your NPSP instance. It then just needs to be set up. Once all settings are configured for your organization’s specific needs, it runs automatically, creating ledger entry data based on the setup details.
Here’s a summary of how it works:
How do I know if Accounting Subledger is right for our nonprofit?
First, your organization must already use NPSP to install Accounting Subledger, as it’s not a stand-alone product. If you use NPSP but have made extensive customizations to it to meet your requirements, it might be difficult to implement Accounting Subledger without re-working some of your customizations.
Aside from those considerations, it’s important to keep in mind that Accounting Subledger comes with additional costs. You have two options: the Starter Edition and the Growth Edition. The right choice depends on your budget and specific needs.
How do I take the next step?
The Heller Consulting team is ready to help. As a Salesforce.org partner, we can help you determine if Accounting Subledger makes sense for your organization, determine which edition of the package works best for you, and help you install and set up the package for your specific accounting needs. Contact us to learn more.