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Fund Accounting Software
IconCMO Fund Accounting reviews and summary
IconCMO Fund Accounting by Icon Systems is a versatile, web-based financial management system built to handle the specialized accounting needs of diverse organizations. It offers a complete suite of modules including General Ledger, Fund Management, Accounts Payable and Receivable, and an integrated Bank System. The platform excels at tracking and reporting on funds from multiple sources across different fiscal periods, which is essential for grant management and donor-restricted funding. Its cloud-based architecture provides secure, multi-user access from any location, along with automated daily backups, ensuring data integrity and availability. This software is suitable for nonprofit organizations, churches, charities, and other entities of any siz...
Best for
This software is suitable for nonprofit organizations, churches, charities, and other entities of any size that require strict fund accounting and accountability. It is particularly valuable for financial directors, accountants, and board members who need to manage complex funding structures, produce transparent reports for stakeholders, and maintain compliance with nonprofit financial standards.
Starting price
$35.00 Per-Month
Category
Fund Accounting Software
Vendor
Icon Systems
Key takeaways
Our verdict
Our verdict is that IconCMO Fund Accounting is a well-rounded and reliable solution that brings the benefits of modern cloud technology to nonprofit finance. Its comprehensive module set and strong focus on fund tracking make it an excellent choice for organizations seeking an affordable, secure, and accessible system to manage their financial stewardship.
Quick facts
IconCMO Fund Accounting at a glance
Overall rating
4.5/5
Reviews
78
Starting price
$35.00 Per-Month
Vendor
Icon Systems
Founded
1992
Location
United States
Category
Fund Accounting Software
Ratings
IconCMO Fund Accounting ratings
Ratings in this section summarize available rating data. Software reviews are shown separately when users submit reviews.
Decision notes
IconCMO Fund Accounting pros and cons
Potential strengths
- Purpose-built for fund accounting with dedicated modules for fund management, grant tracking, and restricted donor reporting.
- Cloud-based architecture enables multi-user access from any location with automatic daily backups and security controls.
- Scalable across organization sizes from small church plants to large denominational offices with complex funding structures.
Points to verify
- Confirm that IconCMO integrates with your existing donor management and payroll systems before migrating financial data.
- Verify that the reporting outputs satisfy your board's and grantors' specific financial statement requirements.
- Check whether the training options (webinars and documentation) are sufficient for your team's accounting expertise level.
Buyer fit
Who uses IconCMO Fund Accounting?
This software is suitable for nonprofit organizations, churches, charities, and other entities of any size that require strict fund accounting and accountability. It is particularly valuable for financial directors, accountants, and board members who need to manage complex funding structures, produce transparent reports for stakeholders, and maintain compliance with nonprofit financial standards.
Feature research
IconCMO Fund Accounting features
These are common features buyers compare in Fund Accounting Software. Product-specific availability should be confirmed with the vendor.
AP Management
Monitor and manage outgoing payments due to vendors and business creditors.
AR Management
Monitor unpaid bills and manage incoming revenue owed by customers.
Live Activity Dashboard
A visual overview designed for monitoring real-time system or user activities.
Bank Statement Reconciliation
Verify and align internal ledger entries with external bank account statements.
Financial Budgeting & Forecasts
Project future financial requirements and distribute funds across necessary expense categories.
Compliance Monitoring
Monitor and address policy non-compliance across services, products, or supplier activities.
Donation History Tracking
Monitor detailed histories of financial contributions made by members and contacts.
Donor Relationship Management
Maintain donor engagement by tracking contact info, outreach history, and relationship stages.
Comprehensive Financial Control
Gain a holistic view and manage the fiscal health of the entire organization.
Fiscal Reporting
Produces statements to assess financial performance and position, such as income statements and balance sheets.
Asset Fund Administration
Administers the allocation and performance of assets held within various dedicated funds.
Centralized General Ledger
The primary accounting record used to centralize and track all organizational financial transactions.
Pricing
IconCMO Fund Accounting pricing
Starting price
$35.00 Per-Month
Visit Website
Pricing model: Per User
Pricing can change. Confirm current plans and terms with the vendor.
Compare
IconCMO Fund Accounting alternatives
Compare IconCMO Fund Accounting with other Fund Accounting Software tools that buyers often evaluate.
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Serenic Navigator for NGO by Serenic Software
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Software reviews
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FAQ
IconCMO Fund Accounting FAQs
The software serves nonprofits, churches, charities, and religious organizations of any size that need strict fund accounting and donor-restricted fund tracking.
It offers general ledger, fund management, accounts payable, accounts receivable, and an integrated bank system within a single web-based platform.
Yes. The platform is built to track funds from multiple sources across different fiscal periods, which is essential for managing restricted donations and grant compliance.
Yes, it is fully cloud-based, allowing secure multi-user access from any internet-connected device without needing on-premise servers.
The platform includes user access controls, role-based permissions, and automatic daily backups to help protect sensitive financial information.
Training is available through webinars and documentation. Teams should evaluate whether these formats meet their onboarding needs before purchasing.
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