Charity begins with Sage

Tuesday, October 08, 2013 11:37:00 AM

Sage Accounts is very good for charities.

Sage have always offered a discount on their software specifically for charities.

In addition, Sage has features that can be turned on when doing the accounts for charities.

Fund Accounting allows a charity to account for funding that is tied to specific activities within the accounts of the organisation. This is very important for overseeing he governance of the charity. Sage allows up to 9,999 separate funds to be maintained. An additional reporting program is available from KF Systems that allows for the reporting of funds in Excel spreadsheets.

When you set up Sage for charities, the chart of accounts is set up for charity reporting. Donations can be associated with customers when they are entered into a Bank Account. Each customer has the facility to record details for Gift Aid. (this cannot replace the actual Gift Aid declaration). There is also a facility for recording donations under £20 under the small donations scheme. HMRC does not have a Gateway like they do for VAT but they do allow the upload of spreadsheet files for Gift Aid claims. Sage Accounts has the ability to create the spreadsheet files in the right format for these submissions.

 

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