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The Benefits of Split Payments and Third-Party Billing

Have you ever noticed the eye roll when you ask for a split check at a restaurant? You’re having a great time with your friends and the wait staff is doing a great job, and when you ask to split the check the server’s demeanor instantly goes icy. It’s because split checks are a hassle. But split checks are part of doing business, any business. Beyond the restaurant world, third-party billing and split payments are a headache every accountant faces whether it’s between providers and insurers in the medical profession, or multiple donors in the nonprofit sector. Virtually every business will confront a third-party billing or split payment inquiry at some point. Denali and Denali Fund accounting software make it easy to answer those requests with an enthusiastic “YES!”

5 Essentials for Nonprofit Accounting

According to the National Center for Charitable Statistics, nonprofits account for 5.3% of the GDP. That equals more than 1.5 million organizations accounting for 9.2% of all wages and salaries paid in the United States. That many organizations, all handling money on a daily basis, require a powerful accounting software solution. Denali FUND from Cougar Mountain Software is designed to handle the breadth of these organizations from the smallest to the largest, as well as the complexity of each organization’s individual finances.