New: automatic net-asset release entries post themselves at month close.See it live →
Fund accounting · FASB ASC 958 · 2 CFR Part 200

Every dollar knows
where it belongs.

Fund accounting that honors every donor restriction, keeps you audit-ready, and lets you close the month with nothing left to reconcile.

Free 30-day trialNo card requiredBuilt on FASB & Uniform Guidance
Audit-ready
every fund reconciled
$84,250
released this month
VelocityERP · Overview
Total funds
$2,684,526
With restrictions
$1,518,330
Ready to release
$126,011
Where this month’s gifts are goingNet asset classification
General · 34%
Programs · 18%
Building · 29%
Relief · 19%
Without restrictionsPurpose-restrictedTime-restrictedFASB ASC 958-205

Figures shown are an illustration, not an account.

Built on the standards your auditor already reads

FASB ASC 9582 CFR Part 200ASU 2016-14ASU 2020-07IRS Form 990
The difference

Ditch the general ledger built for businesses.

Spreadsheets and small-business bookkeeping tools treat every dollar the same. A restricted gift is not the same as revenue, and your auditor knows it.

Generic bookkeeping tools
QuickBooks, spreadsheets, business ERPs
Donor restrictions live in a memo field, or in your head
Net-asset releases hand-keyed every month
Grant budgets tracked in a separate file
Audit season means rebuilding the trail from scratch
True fund accounting
VelocityERP
Purpose-built for restricted funds and grants
Every gift carries its restriction from the first entry
Releases post themselves as paired reclass entries
Grant spending checked against budget in real time
The audit trail is already written when the auditor asks
What you get

The standards your auditor checks, handled for you.

VelocityERP encodes the rules directly into the ledger, so compliance is the default state rather than a year-end scramble.

Restricted fund tracking

See exactly what each gift can and cannot pay for. Balances stay separated by donor intent, with no manual tagging.

Net asset classes · FASB ASC 958-205

Automatic releases

When a restriction is met, the paired reclassification entry writes itself. You review it; you do not rebuild it.

Contribution recognition · FASB ASC 958-605

Grant compliance

Track federal awards against budget line by line, with indirect cost rates and reporting periods enforced as you spend.

Uniform Guidance · 2 CFR Part 200

Board-ready reports

Statement of activities, functional expenses, and fund balances export in one click, formatted the way your board already reads them.

Financial statements · FASB ASU 2016-14

One-click month close

Run the release engine, review the entries it proposes, and close. What used to take three days now takes an afternoon.

Period locking · Full audit trail

Bank & payments built in

Connect your accounts, match transactions to funds automatically, and collect gifts without leaving the ledger.

Bank feeds · Online giving · Bill pay
What the ledger guarantees

Correctness the database enforces, not the process remembers.

14
ledger invariants, checked nightly
167
end-to-end scenarios in the regression gate
100%
of releases posted with a full audit trail
0
posted entries that can be edited or deleted

See your funds classified correctly in an afternoon.

Bring one grant and one restricted gift to the demo. Watch VelocityERP release them on their own.