#Japan #Utsunomiya #Nonprofit Accounting #TKC Corporation #cloud systems

Enhancing Nonprofit Financial Management with Cloud Technology

In a significant development for the nonprofit sector, TKC Corporation, based in Utsunomiya, Tochigi Prefecture, has unveiled four new cloud-based accounting systems designed specifically for nonprofit organizations. Following the successful launch of their Public Corporation Accounting Cloud in June, TKC is now introducing Accounting Cloud systems for social welfare corporations, educational institutions, and NPOs starting from July 24, 2023.

These four systems include:

1. FX2 Public Corporation Accounting Cloud
2. FX2 Social Welfare Corporation Accounting Cloud
3. FX2 Educational Institution Accounting Cloud
4. FX2 NPO Accounting Cloud

This launch represents TKC’s commitment to advancing financial management solutions within the nonprofit sector, having previously offered standalone accounting systems for these entities. By leveraging the infrastructure of its established FX2 Cloud, TKC has ensured that its nonprofit accounting systems share common development assets, thus maintaining a high standard of functionality.

Key Features of the New Accounting Systems

These new systems come with specific features tailored to meet the needs of nonprofit organizations:

• - Strengthened Nonprofit-Specific Functions: Utilizing TKC’s data center, these cloud systems enhance unique functionalities necessary for managing nonprofit accounting effectively.
• - Common Development Assets: By integrating the development of these accounting systems with the FX2 Cloud, users benefit from similar functionalities found in the widely utilized cloud accounting system for small and medium-sized enterprises.
• - Compliance with Accounting Standards: Each system fully complies with the financial reporting standards applicable to their respective sectors.
• - Enhanced Financial Reporting: During the entry of accounting documents, users can efficiently account for revenue and expenses, with automatic linking of transactions to corresponding financial reports (applicable to all except the FX2 NPO Accounting Cloud).
• - Long-Term Reference Capability: Users can refer to journal entries dating back to ten accounting periods prior, enhancing the flexibility of financial reporting and historical analysis.

Collaboration with Leading Accounting Organizations

TKC has collaborated closely with professional accounting associations to develop these systems. The TKC National Association, which consists of over 11,400 members, including certified tax accountants and public accountants from Hokkaido to Kyushu and Okinawa, has been instrumental in shaping these offerings. The TKC Public Corporation Management Research Group focuses particularly on accounting and tax matters related to public corporations, while the TKC Social Welfare Corporation Management Research Group specializes in social welfare accounting, ensuring that the newly launched systems are exemplarily designed to support nonprofit organizations.

About TKC Corporation

Founded in 1966, TKC Corporation has built a reputation for providing comprehensive accounting and information services to a wide range of clients including accounting firms, medium to large enterprises, public entities, and legal professionals. With a commitment to innovation and excellence, TKC continues to pave the way in the nonprofit accounting landscape with its cloud computing solutions.

For more information about these new systems, users can visit the following websites:

• - FX2 Social Welfare Corporation Accounting Cloud
• - FX2 Educational Institution Accounting Cloud
• - FX2 NPO Accounting Cloud

As nonprofit organizations increasingly turn to technology for enhanced operational efficiency, TKC’s cloud accounting solutions are set to transform the financial management landscape in this sector.