Not-for-profits often ask, “when do I need a new accounting system,” and the answer is usually, “it depends!” Unfortunately, there is not one specific trigger, such as a budget threshold, asset size, or type of entity, that signals it’s time to upgrade your technology. The decision to explore new software results from a combination of factors where the benefits of change outweigh the financial cost, staff time, and perceived pain of change.
These are four practices to consider when undertaking