- What is Aplos
- Product Quality Score
- Main Features
- List of Benefits
- Technical Specifications
- Available Integrations
- Customer Support
- Pricing Plans
- Other Popular Software Reviews
What is Aplos?Aplos is an easy-to-use and effective accounting software solution that removes the pain points when it comes to handling and monitoring the financial processes and transactions of churches, religious organizations, and nonprofits. With this accounting tool, leaders of nonprofit organizations and congregations can check how money is going in and out of their organization, allowing them to comprehensively keep track of their income and expenditures and gain complete control over financial data. It permits them to set up multiple types of accounts, produce income statements and financial reports, intelligently prepare budgets, and other capabilities.
Product Quality Score
Main features of Aplos are:
- Asset Management
- Custom Tags and 1099 Tags
- Customizable Chart of Accounts
- Bank Reconciliation
- Donor Management
- 990 Reporting
- Budget Forecasting
- General Ledger
- Tag Income and Expenses
- Accounts Payable
- Activity Tracking
- Accounts Receivable
The main benefits of Aplos are it improves cash flow visibility in the nonprofit sector, provides an intelligent way to prepare and allocate budgets, and enhance how churches, congregations, and nonprofits comply with financial reporting requirements. Here are the details:
Optimizes Cash Flow Visibility in the Nonprofit Sector
Among the noteworthy features offered by Aplos is that it improves cash flow visibility. Thus, it permits users to easily and systematically record and keep track of how money is going in and out of their organization. To be able to do this, the software solution allows them to create different accounts and classify them as income, expense, asset, liability, and equity accounts. For example, they can set up accounts for contributions, donations, and missions and organize them under an account group named General Income.
Meanwhile, the money that they are collecting from special events and activities such as concerts and book sales can reflect on a different income account group which is the Special Projects Income. When it comes to expenditures, they can set up expense accounts so they can monitor where their funds are going like salaries of staff, payments for subscriptions or online advertisements and promotions, or budgets for infrastructure projects.
Implement Financial Forecasting and Manage Budgets Intelligently
Because Aplos enables users to comprehensively monitor how money is going in and out of their organization, they will now have an idea about the amounts of money that they may receive or release within a given period of time. This is where budgeting comes in. Aplos has a feature that enables them to prepare budgets ahead of time. This means they can create and allocate budgets even if they haven’t received yet the actual funds. This is also called financial forecasting.
Once they get the funds, they can check if the actual funds fall below or go beyond the budgets they have previously prepared. They can make adjustments to the budget plans they created to make sure that they will be able to allocate enough amounts of money to their operations, activities, and projects and distribute funds in a smart way.
Observe Compliance With Financial Reporting Requirements
Aplos also helps churches, congregations, and nonprofits comply with regulations and requirements being implemented by regulatory bodies especially the IRS or Internal Revenue Service. The IRS requires organizations that are exempted from paying federal taxes to accomplish and file a specific type of tax document called Form 990. The accounting solution allows users to apply the appropriate 990 categories whenever they are recording their financial transactions and quickly produce 990 income statements, improving adherence to IRS’ financial reporting requirements.
- Small business
- Medium business
The following Aplos integrations are currently offered by the vendor:
- sage Payroll Services
- Church Community Builder
- Continue To Give
Aplos pricing is available in the following plans: