ShelbyNext Financials is a cloud-based accounting solution tailored specifically for churches, ministries, non-profits, and denominational headquarters. This state-of-the-art software offers comprehensive financial management tools that ensure compliance with FASB 117 and GAAP standards, facilitating transparent and efficient financial operations for faith-based organizations.
Key Features and Functionality:
- General Ledger: Centralized control of income and expenses, providing a full set of standard reports and tools for creating custom reports.
- Accounts Payable & Receivable: Automates transactions for better accuracy, allowing secure bill payments, management of credits and payments to vendors, and accurate tracking of payments received from various sources.
- Payroll Processing: Manages all aspects of payroll, including gross wage computation, tax calculations, voluntary deductions, and printing payroll checks. It supports federal, state, and local tax settings, ensuring compliance with reporting requirements.
- Bank Account Management: Electronically manages checkbooks, facilitating quick and accurate reconciliation of bank statements.
- Fixed Assets Management: Allows users to catalog fixed assets, conduct periodic inventory, and create depreciation entries that update the General Ledger.
- Purchasing Management: Streamlines the acquisition process by enabling the creation of purchase orders and establishing approval processes, ensuring smooth purchasing workflows.
- Financial Reporting: Provides general ledger monthly standard reports along with an easy-to-use custom presentations report builder, offering drill-down functionality back to a single application entry.
Primary Value and Solutions Provided:
ShelbyNext Financials addresses the unique financial management needs of faith-based organizations by offering a comprehensive, cloud-based solution that ensures compliance with accounting standards. It simplifies complex financial processes, enhances transparency, and provides real-time access to financial data, enabling organizations to focus more on their mission and less on administrative tasks. The integration of various financial applications into a single platform reduces the risk of errors and improves overall efficiency, making it an invaluable tool for responsible financial stewardship.
