PowerBooks offers several features that are especially useful for Non-Profit Organizations (NPOs). These features help streamline financial management, reporting, and compliance, which are critical for NGOs operating with donor funds and regulatory oversight.
PowerBooks = Enterprise Resource Planning - A Single Business Enterprise Solution
Purpose: Enables NGOs to track expenses across multiple dimensions such as project-wise, nature-wise, or donor-wise. Use Case: You can enter expenses once and generate reports in different formats for trustees, auditors, and funding agencies. Example: One cost category for “Project-wise Expenses” and another for “Nature-wise Expenses” like telephone or travel.
NGOs often need to report: Expenditure as per budget head (for donors), Project-wise or activity-wise expenses (for internal management), Nature-wise expenses (for auditors). PowerBooks allows generating all these reports from a single set of entries using its Cost Category feature.
PowerBooks can be configured to manage restricted and unrestricted funds, which is essential for NPOs. PowerBooks Helps in tracking donor-specific grants, program budgets, and utilization reports.
IT firms are having distributed teams and remote operations.
PowerBooks provides Access from anywhere, any device
PowerBooks can track Grant receipts, Budget allocations, Expenditure tracking, Reporting to donors
NGOs in India must comply with regulations like FCRA, Income Tax Act, and Form 10B/10BB. PowerBooks helps generate reports that align with these compliance needs, especially when configured with proper ledgers and cost centers.
PowerBooks can be used to set budgets for projects and compare actuals vs. budgeted figures. This is Useful for internal control and donor reporting.
PowerBooks provides Real-time insights into project impact and profitability, receivables, expenses and team utilization. Provides Customizable dashboards and Management Information System (MIS) reports for Informed decision-making and better financial control. Many NGOs use Excel for donor-specific formats. PowerBooks allows exporting data to Excel, enabling easy customization of reports.
PowerBooks helps Maintaining documentation, invoices, and audit logs, further Document attachment, version control, and user-wise audit trails. This, enhances transparency and simplifies audits. NGOs can use voucher classes to automate entries for recurring expenses. Detailed narrations help maintain transparency and audit trails.
PowerBooks provides Service Management to Track service tickets, SLAs, and client interactions, AMC & Subscription Management, to Automate renewals and reminders and Project Impact Analysis to Drill-down reports on impact vs expense per project.
PowerBooks supports API integrations and is also available with Microsoft Business 365 as PowerOffice, on Google as PowerSpace and on Salesforce as PowerClouds. This Streamlines operations and reduces data duplication.