Accounting Benefits

The GMS Difference

The GMS Accounting and Financial Management/Reporting System integrates all accounting activity into an entity-wide system.

Selecting the right accounting and financial reporting system is an enormous responsibility. How do you compare systems when no two are alike? When approaches differ? When no two organizations are the same?

GMS software was written and designed specifically for nonprofit organizations required to account for grants, contracts and activities.

GMS software is designed to handle activity accounting. It is not a remake of a commercial accounting package or an adaptation of a job costing system. It was created and written specifically to account for grants, contracts, and activities.

Your organization will comply with FASB 116 and 117 (the Financial Accounting
Standards Board requirements that all nonprofit organizations follow).
You will be able to account, report, and monitor budgets for multiple grants and contracts even if they have differing funding periods.
You will have choices on how to automatically handle important cost allocation issues – for common costs, general and administrative costs, indirect costs, fringe benefits, leave costs, and various specialized cost pools. We provide you a variety of ways to comply with all major OMB Circulars.
Your organization will be easier to audit.

GMS clients are exclusively nonprofit and public organizations. They range in size from two to more than 1000 employees.

Employees are smiling and working on computers.

OUR EXPERIENCE & SUPPORT

Our staff is experienced in grant and contract accounting and financial management – most were finance officers using GMS software prior to becoming GMS employees. For more than 20 years GMS has specialized in grant, contract, and activity financial management and accounting.

Our continuing service program supports your staff in every way assuring that GMS is a permanent and final investment.

Continuing support and service is much more than just a toll free telephone number or e-mail address.

GMS quality service means keeping a full-time Service Staff team available to help you run your system – whatever the question. It means providing accounting advice, sending you software updates and upgrades every six months as well as constantly updating our help manual and making it available anytime. It means communicating by newsletter monthly and seeing you face-to-face at our annual user conference.Continuing success requires continuing service. We believe that as you review the information we have provided you it will be abundantly clear how high a priority we place on quality support and service.

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