Accounting for First Nations
Tracking funding and expenses is very important. First Nations typically operate complex organizations, and face very demanding reporting requirements.
Over 200 First Nations organizations currently use Adagio. Adagio can work effectively for everything from accounting for band administration, healthcare clinics, schools, and day-care centres, to Enterprise Resource Planning for most First Nation run businesses.
Many First Nations organizations run specialized programs developed for their needs. Often, these programs will export data to the accounting system. Adagio’s importing features are flexible and easily set up to handle many file formats.
Adagio Accounting’s outstanding financial reporting tools provide timely and accurate financial and management reports you can count on to run your First Nation.
Adagio Accounting Is Ideally Suited to First Nations
- First Nations organizations run many different programs in administration, healthcare, education, heritage, social services, housing and more. With Adagio Ledger’s superb Financial Reporter, the financial officer can produce exactly the reports needed to manage these programs effectively. In addition, First Nations can look to Adagio FX, which gives individual managers password-controlled, read-only access to their financial data and reports. Alternatively, for smaller First Nations, Adagio GridView can put a read-only reporting tool on any desk where someone needs access to the accounting data in real time. You create the template for management, and they can get their reports at any time, without bothering the accounting department.
- Modules like Receivables, Payables, BankRec and Purchase Orders offer the tools the financial officer needs to run a tight ship financially, because running a First Nation is always a balancing act.
- The move to Adagio is a smooth and easy transition that won’t cost your organization an arm and a leg. The software itself is reasonably priced, and Adagio is not resource-intensive; as long as you have business class hardware acquired within the last three years, you can run Adagio. Most existing databases can be easily converted to Adagio.
First Nations Accounting Solution Components
Adagio Ledger & Financial Reporter
Adagio Ledger provides complete General Ledger account management for users of all Adagio sub-ledgers. Financial Statements are created using Softrak’s award winning financial report writer.
Adagio GridView
GridView lets you give personnel access to your Adagio accounting data, without giving them access to the accounting programs themselves. Since GridView is “read only” you don’t have to worry about bad things happening to your accounting data because of untrained operators.
Adagio FX
Adagio Ledger users can use Adagio FX to combine multiple entities in a single financial statement. FX also lets users access their own security controlled financial statements without allowing them access to change the underlying data.
Adagio BankRec
Adagio BankRec provides a centralized module to manage your cash position. Find out your current bank balances with a single mouse click. Pick up transactions from Adagio Payables and send cash receipts to Adagio Receivables. Account for NSF checks in a single step. Reconcile all your accounts to your bank statement and Adagio Ledger in minutes instead of hours.
Adagio Purchase Orders
Adagio Purchase Orders completes your Adagio solution for First Nation budgeting control.
Adagio Receivables
Manage your customer/client accounts with complete aging and analysis reports. Customer statistics allow you to identify your best clients. Statements and automatic interest processing encourage prompt payment. Simple point and click inquiries with drill-down to matching transaction detail speed response to your clients’ questions regarding their account status or that of specific invoices.
Adagio Payables
Adagio Payables provides complete accounts payable management for First Nations.
Manage your vendor accounts to maximize early payment discounts. Vendor statistics allow you to identify your most important vendors. Simple point and click inquiries, with drill-down to matching transactions and G/L expense account allocation, speed response to your vendors’ questions.
Record your vendor addresses and contact information, and use customizable optional fields for your vendors.
Flexible accounting functionality lets you track individual locations or franchises easily. Group your vendors by control accounts. Manage early payment discounts automatically. Accurately allocate invoice expenses to multiple G/L accounts. Batch transaction management ensures accurate data entry and accounting controls. Record invoices, checks and adjustments against vendor accounts. Match checks to invoices easily.
PayDirt Payroll
Payroll solutions are critical for First Nations that have outgrown entry-level software. If you are relying upon manual and/or spreadsheet workarounds, then it’s time to consider a better system.