Daxko AccountingProduct Overview
Daxko Accounting product overview
Daxko Accounting is an integrated accounting system for non-profit organizations. With flexible forecasting, budgeting, and chart of accounts, it simplifies balancing solid financial stewardship with ever-increasing demands on staff time for YMCA, JCC, or Boys and Girls Club.
Daxko Accounting is a cloud-based software that brings a set of financial management tools that focus on operations. The platform is accessible from any device with an internet connection, including mobile devices. It delivers various accounting features, including accounts payable, accounts receivable, general ledger, and budgeting and forecasting. It also facilitates insightful reporting and gives administrative control.
Pros of Daxko Accounting
- It simplifies the budgeting process with a flexible system. It allows users to copy over the previous year’s budget to get started, plan for the upcoming year, update on progress, and preview the year’s end.
- Organizations can ensure accuracy and accountability by involving their staff in the budgeting process. Since the software is web-based, employees will have 24/7 access while managers control which areas they can view and modify.
Cons of Daxko Accounting
- According to uses, creating reports in the platform is cumbersome.
Breakdown of core features
Budgeting and forecasting
Daxko Accounting lets finance teams involve the entire staff in the budget cycle and keep things moving with repeatable processes. Users can plan the budget for the years to come, report on progress, and leverage comparative reporting to predict the year’s end budget with forecasting.
Organizations can manage the billing of customers for goods and services provided. The software supports creating invoices, receiving payments, and issuing credits or refunds. Users can also print invoices and customer statements anytime.
Accounts payable and general ledger
Accounting teams can handle vendors, enter invoices, make payments, and perform bank reconciliation with Daxko Accounting. The software enables users to create journal entries and manage entries. Users can also save time with recurring journal entries, recurring invoices, and templates.
The platform allows users to generate key reports to view the financial stability of their full association by fund, branch, department, or program. Finance teams can audit the general ledger and gauge budget success and accuracy.
The system’s custom and built-in reporting options provide users the data they need, when they need it, and how they want it. Additionally, Daxko Accounting has built-in reports for various needs. From Statement of Activity, Statement of Financial Position, and Statement of Cash flow reports, users can consistently provide reliable data to their staff, executives, and board.
(Last updated on 03/15/2022 by Liz Laurente-Ticong)