Free Accounting Software Being Developed For Non-Profits | AccountingWEB

Free Accounting Software Being Developed For Non-Profits

A unique academic-community collaboration is underway in Chicago that will result in non-profit organizations and small businesses across the country being able to access accounting software for free.

Loyola University computer science professors, students and neighborhood residents will work together on building the web-based software thanks to a $1 million grant from the National Science Foundation.

"It's perhaps the largest NSF grant we've ever had," notes William Yost, Ph.D., associate vice president, research services, and dean of The Graduate School. "It's a little unusual in that it integrates computer science, the arts and sciences, and the business school. We don't often have the opportunity to build programs that broadly. It's kind of exciting."

The program is designed for those organizations that might not otherwise be able to afford a more robust accounting software system. The program will be rolled out over a three year period as follows:

 

  • Summer 2003: Students will learn the skills they need – both technical as well as business – to build the software
  • 2004: Students will build the software along with faculty assistance
  • 2005: Faculty will take over the program, including modifications and documentation

Loyola University is one of the largest Jesuit universities in the United States. Grants from foundations and government agencies help Loyola develop a new model of teaching and research that stresses knowledge exchanged between the university and community.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

WHAT KIND OF FIRM ARE YOU?
As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.