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FastFund Accounting

araize.com

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Spec score 8.2 #21 of 70 in Fund Accounting Software

What it is

FastFund Accounting is web-based accounting software for nonprofits that need to manage funds, grants, programs, departments, budgets, and financial reporting. Its six-segment, user-defined chart of accounts tracks restricted and unrestricted funds as well as grant, program, and project activity. It generates FASB-compliant financial statements, including statements of financial position and activities, functional expenses, and cash flow, plus data for IRS Forms 990-N, 990-EZ, and 990. Bank integration uses Plaid to retrieve data daily from institutions in the United States and Canada. Reports export to Excel, CSV, HTML, and PDF, and an audit trail is included. FastFund Online runs in a browser on Windows, Mac, and other devices. Standard costs $50 a month; Premium costs $110 a month. The license includes unlimited telephone and email support.

Spec sheet

Purpose
FastFund Accounting is nonprofit accounting software for managing funds, grants, programs, departments, budgets, and financial reporting.Read 29 Sep 2026 · araize.com
Free plan
NoRead 19 Sep 2026 · araize.com
Trial
The maker offers a free trial with hands-on access, sample nonprofit data, and no credit card required; it does not state the trial duration on the trial page.Read 29 Sep 2026 · araize.com
Paid from
50Read 19 Sep 2026 · araize.com
Security
The maker says data in transit is protected with 256-bit SSL encryption and particularly sensitive payment and bank account information is encrypted in its database using AES.Read 29 Sep 2026 · araize.com
Support
The license includes unlimited telephone and email support, and Araize also offers monthly training webinars and online video training.Read 29 Sep 2026 · araize.com
Headquarters
Chapel Hill, North Carolina, United StatesRead 28 Sep 2026 · araize.com
Founded
1984Read 28 Sep 2026 · araize.com
Audit trail
YesRead 19 Sep 2026 · araize.com
Backups
The maker says FastFund account data is backed up nightly to cloud-based files.Read 29 Sep 2026 · araize.com
Bank integration
Bank integration uses Plaid to retrieve bank data daily and supports institutions in the United States and Canada.Read 29 Sep 2026 · araize.com
Data exports
Reports can be exported to Excel, CSV, HTML, and PDF.Read 29 Sep 2026 · araize.com
Financial statements
It generates FASB-compliant statements including the Statement of Financial Position, Statement of Activities, functional expenses, and Statement of Cash Flow.Read 29 Sep 2026 · araize.com
Form 990
It generates data for IRS Forms 990-N, 990-EZ, and 990.Read 29 Sep 2026 · araize.com
Fund accounting
It tracks restricted, unrestricted, grant, program, and project activity using a user-defined chart of accounts with six segments.Read 29 Sep 2026 · araize.com
Platform
FastFund Online runs in a web browser and the maker says it works on Windows, Mac, and other devices without special software installation.Read 29 Sep 2026 · araize.com
Who it serves
The maker describes FastFund as built for nonprofits, including human and community services, arts and culture, faith-based organizations, education, health and wellness, and foundations and grantmakers.Read 29 Sep 2026 · araize.com

Plans and prices

Standard $50 a month $50/month Cash based accounting · Fund accounting · Six segment account number · Budgeting · Project tracking · FASB compliant financial statements · Bank integration · Transaction import · Recurring transactions · Expense and revenue allocations · 990 reporting Read 29 Sep 2026 · araize.com
Premium $110 a month $110/month All Standard features · Accrual based accounting · Accounts payable · Accounts receivable · Direct cost allocations Read 29 Sep 2026 · araize.com
Accounts Payable add-on $22 a month $22/month Accounts payable Read 29 Sep 2026 · araize.com
Accounts Receivable add-on $22 a month $22/month Accounts receivable Read 29 Sep 2026 · araize.com
Direct Cost Allocations add-on $22 a month $22/month Direct cost allocations Read 29 Sep 2026 · araize.com
Multi-User (2) add-on $22 a month $22/month 2 users Read 29 Sep 2026 · araize.com
Purchase Orders add-on $22 a month $22/month Purchase orders Read 29 Sep 2026 · araize.com
Fundraising Bundle add-on $25 a month $25/month Fundraising bundle Read 29 Sep 2026 · araize.com
Indirect Cost Allocations add-on $40 a month $40/month Indirect cost allocations Read 29 Sep 2026 · araize.com
Multi-User (5) add-on $40 a month $40/month 5 users Read 29 Sep 2026 · araize.com

Every FastFund Accounting plan and price →

Strong points and limits

Strong points

  • Tracks restricted and unrestricted fund activity.
  • Generates FASB-compliant statements and 990 data.
  • Daily Plaid bank data retrieval in the US and Canada.
  • Exports reports to Excel, CSV, HTML, and PDF.
  • Includes unlimited telephone and email support.

Limits

  • No free plan is listed.
  • Standard is $50 a month.

Who it suits

It suits nonprofits that need fund, grant, program, and project accounting alongside financial statements and 990 reporting. The maker lists human and community services, arts and culture, faith-based organizations, education, health and wellness, foundations, and grantmakers among the organizations it serves.

Verdict

FastFund Accounting combines nonprofit fund tracking with financial statements, 990 data, and bank integration. Its web-based access and nonprofit-focused reports are useful, but there is no free plan and Standard starts at $50 a month.

Where Specifiction places it

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