Yes. Many accounting packages on the market for non-profits do NOT follow this guideline, and it is an important question to ask when evaluating fund accounting software.
About Icon Systems
Icon Systems, Inc. has been a leader in church management software since 1992. We develop high quality software for religious organizations, from church plants to denominational offices. Always improving, we’re committed to continually enhancing our cloud-based church management solutions so we can meet churches’ ongoing needs for efficient administration, effective communication and accurate FASB accounting.