AccuFund's Latest Upgrade Features Significant Enhancements to Numerous Modules,...

AccuFund's Latest Upgrade Features Significant Enhancements to Numerous
Modules, Most Notably Budget Development, Allocations and Financial Report
Writer

With the AccuFund Accounting Suite Version 3.08, AccuFund Continues to Add
Time and Cost-Saving Capabilities That Offer Users More Flexibility,
Convenience and Control With Developing Budgets and Processing Financial Data

NEEDHAM, Mass., June 29 /PRNewswire/ -- AccuFund, Inc., provider of financial
reporting and accounting software for non-profit, municipal and government
organizations, today announced the availability of Version 3.08 of the
AccuFund Accounting Suite. This latest release features enhancements to many
of the system's core modules, most notably Budget Development, Allocations and
the Financial Report Writer, further enabling simplicity, greater speed and
other benefits that ultimately result in additional time and cost savings.

"With the Budget Development module, we have added functionality that makes it
comparable to the standalone products in the market, but it's priced
affordably for our client base," stated Peter Stam, president of AccuFund,
Inc.

The Budget Development module now offers the ability to conduct detailed
planning at the monthly level, and to list budget detail in each account; for
example, positions being funded in a particular department.

Budget Development also now stores account expressions, which calculate values
based on other accounts in the worksheet; for example, a budget line-item
based on demographics such as units of services or other units that can be
defined. As a result, users do not have to be concerned with re-entering data.
With Budget Development, users can lock a finished version of a budget at the
monthly level and then start a new version.

Budget Development is now integrated with the Grants Management module in the
AccuFund Accounting Suite, allowing budgets developed through Grants
Management to be processed through Budget Development and then posted to the
General Ledger. When budgets are being developed, the user can determine what
areas of the General Ledger are going to be budgeted, whether the project is
connected to Grants Management and what period it will post to in the General
Ledger. A budget project can be posted to as few or as many periods as desired
or across an organization's fiscal year.

The Allocations module has been enhanced to function more seamlessly with
Budget Development and allow revenues and expenses to be allocated across all
accounts in a project. As a result, users can see all expenses, including
overhead, for all programs and departments in a budget project.

With the Financial Report Writer, AccuFund enables integration of financial
data in the General Ledger with data in Budget Development, allowing managers
to view the full history of data with budgets for all activities.

"We invite users to provide feedback on how the AccuFund Accounting Suite can
further help them to perform their accounting tasks with greater ease and
speed," added Stam. "With this latest upgrade, we are responding to what
customers have told us will make our software system even more efficient and
beneficial to their organization."

Feature enhancements are also included in these other modules in the AccuFund
Accounting Suite: Accounts Payable; Accounts Receivable; AccuFiler; Client
Accounting; Core Functions; Fees, Taxes & Licenses; Fixed Assets; General
Ledger, Payroll; Grants Management; Payroll; Property Tax; Standard Report
Writer; Utility Billing; and Work Orders.

Availability

The AccuFund Accounting Suite Version 3.08 is available in both Standard and
Professional editions. Pricing begins at $2,995 and $6,595, respectively.

About AccuFund

AccuFund, Inc. provides scalable accounting software systems to nonprofit
organizations and government agencies. The AccuFund Accounting Suite fulfills
the market's need for an accounting solution that is more sophisticated than
off-the-shelf products, yet much less expensive, complex and difficult to use
than the higher end offerings. AccuFund's products are available exclusively
through Value Added Resellers (VARs) located throughout the United States. The
VARs provide AccuFund's customers with cost-effective onsite training and
installation assistance.

For more information, call 877-872-2228, email peters@accufund.com or visit
http://www.accufund.com.

Contact:
Peter J. Stam, President
AccuFund, Inc.
400 Hillside Ave.
Needham, MA 02494
Phone: 781-433-0233 Fax: 781-453-0460
peters@accufund.com

This release was issued through eReleases(TM). For more information, visit
http://www.ereleases.com.

SOURCE AccuFund, Inc.

Peter J. Stam, President of AccuFund, Inc., +1-781-433-0233, Fax:
+1-781-453-0460, peters@accufund.com