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The AguaClara Investments team is working on creating a model that will be used for contacting investors.
Fall 2017
Accounting Tool (QuickBooks):
- QuickBooks features to be used in AguaClara's accounting tool:
- Inventory
- Payments
- Reporting
- Will be used to manage:
- Invoices and billing records
- Accounts receivable
- Fund balances
- Construction fund
- Revenue fund
- Debt service fund
- Maintenance reserve fund
- Income statement
Accounting Tool Preliminary Research:
- Accufund
- Designed for government or municipal projects
-Many of the features in place in this system are designed for the ease of reconciling problems that towns and cities face, rather than an organization like AguaClara- AguaClara needs a simplistic report
- More accounting knowledge would be necessary to utilize this tool - would need to be taught to plant operators
- Not as user-friendly as QuickBooks
- ZipBooks
-Uses cloud based accounting platform
-Could be an effective way to cut cost costs
-Drawbacks:- System is cloud based
- Not applicable in places with unreliable wifi
- No Spanish language support
- Unclear who has ownership over data
- FreshBooks
-Similar to QuickBooks
-Uses cloud based accounting platform - UltraTax Accounting CS
-Unclear whether it is was translatable to Spanish
-Many functions are more complicated than the simple tools
-Unclear whether it’s customizable
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Members Nicolette Ocasio Jenny Chan Jonathan Tsang Aditi Athavale
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