Top 5 Government Accounting Software Helping Reduce Operating Expenses

Elise Williams

2022-06-22 17:56:11 • Filed to: Accounting • Proven solutions

In general, the government accounting software are used in public institutions like utility districts, municipalities, learning agencies, counties just to name a few. Just like the many accounting applications, these software have incredible features like journal entries, general ledger, financial reports, accounts payable and lots more. Largely, the governmental accounting software integrates functions of budgeting, receipting, payroll management, billing and many more. This article talks about top 5 government accounting software in detail, for instance, their benefits including downsides, and why government institutions should invest in them.

Top 5 Government Accounting Software

Just as mentioned, government accounting applications have incredible reporting tools. As a result, they offer full data that are essential for producing comprehensive accrural information. Specifically, the accounting software for government is ideal for analytical tracking, tracing operational costs, managing cash flow and developing budgets. The software are exclusively designed to fit government’s specific needs.

No.1 FreshBooks

FreshBooks is a perfect example of cloud-based applications that governmental organizations use to rectify their accounting problems. It completely eliminates the paperwork, and allowing accountants to accomplish their task faster and accurately.

Inclusively, this software is primarily used to automate accounting operations, for instance, expenses or bills or time tracking, invoicing, financial recordings or reporting, payment acceptance. It’s highly affordably and free trial of up to 30 days is provided, so the accounts can assess if it perfectly fit their needs.

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Pros

Straightforward to use.
Offers the best invoicing system
Developing recurring invoices and facilitating online payments is simple
Integrates well with credit cards
Amazing customer service
Free trial period. Then, the user can purchase the desired package or subscription

Cons

Not suitable for complex bills or expenses
The subscription levels are limited
Few features are not available on newer versions

No.2 4-GOV FUND ACCOUNTING

Pros

Has excellent features, for example, highly flexible reporting tools
Can generate financial reports and summary reports quickly
Accepts or send payments online securely
Has centralized ledger for tracking revenue collection, expenses, bills or spending
User-friendly interface
Can manage complicated payroll system effectively
Access to detailed data like financials or employee history

Cons

Cost-prohibitive

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No.3 Black Mountain Software

Its powerful features make it ideal for Utility Districts, Municipalities, School Districts and other governmental organizations. The software has journal entries, financial reports, and general ledger as well as accounts payable. It’s perfectly suited for receipting, invoicing, budgeting, billing including other plethora of applications.

Accountants can use Black Mountain Software to generate all-inclusive financial reports or statements, net assets and much more. The software also features requisition and purchase order systems. All the financial or budgeting information is accessed in real-time. Equally, its unique features completely eliminate paperwork.

Many public organizations are using Black Mountain software to solve their accounting hiccups.

Pros

Budget preparing is very easy.
It’s integrated with payroll budget modules
Generates various financial reports
Has many useful in-built report variations, flexible report wizards as well as pre-defined reports
The right accounting solution for public institutions

Cons

Pricing structure’s not listed

4 Sage Intacct Software

There are a lot of benefits accountants reap from using this cloud-based application. For instance, accountants can access operational insights including financial details in real-time. That means they are in a good position to automate all critical processes.

Besides its many unique features, Sage Intacct software is popular since it delivers many core accounting solutions like accounts payable, order/cash management, general ledger and also accounts receivable. In addition, it has inbuilt reporting and management tools. It is ideal for project, expenses/bills, revenue and time management.

Another bonus is that it’s integrated with various applications. POS systems, CRM and payroll are just few examples.

Pros

Visually appealing/ very nice design
Simple to use
Financial reporting and invoicing is straightforward.
Has impressive features
Excellent customer service
Pocket friendly

Cons

No major drawbacks
Extra features should be added, though.

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No.5 CITY GOVERNMENT ACCOUNTING SOFTWARE

The CITY GOVERNMENT ACCOUNTING SOFTWARE is a trusted and reputable name in the accounting world. It’s entirely a fund accounting software for local governments. It has robust as well as flexible features that are essential for boosting performance.

Additionally, it’s affordable and fully-integrated. Because of its superb financial management tools, it’s the right application for public including other government agencies. It’s fully compliant with FASB standards. It can be used to balance very many fund ledgers.

It has all modules that are essential for tackling accounting problems, for example, payroll, purchase order, inventory control and general ledger. The accounts payable, bank reconciliation and invoicing modules are also present.

Pros