# BMSI Fund Accounting Software Pricing, Alternatives & More 2026 | Capterra > With the help of Capterra, learn about BMSI Fund Accounting Software - reviews, pricing plans, popular comparisons to other Fund Accounting products and more. Source: https://www.capterra.com/p/105468/BMSI-Fund-Accounting --- # BMSI Fund Accounting Software Review 2026: Features, Integrations, Pros & Cons Last updated on March 13, 2026 Provider data verified by our Software Research team, and reviews moderated by our Reviews Verification team. Independent research methodology Capterra’s researchers use a mix of verified reviews, independent research and objective methodologies to bring you selection and ranking information you can trust. While we may earn a referral fee when you visit a provider through our links or speak to an advisor, this has no influence on our research or methodology. [Learn more](https://www.capterra.com/resources/proprietary-data-research/) How Capterra verifies reviews Capterra carefully verified over 2.5 million+ reviews to bring you authentic software experiences from real users. Our human moderators verify that reviewers are real people and that reviews are authentic. They use leading tech to analyze text quality and to detect plagiarism and generative AI. [Learn more](https://www.capterra.com/resources/how-we-verify-reviews/) How Capterra ensures transparency Capterra lists all providers across its website—not just those that pay us—so that users can make informed purchase decisions. Capterra is free for users. Software providers pay us for sponsored profiles to receive web traffic and sales opportunities. Sponsored profiles include a link-out icon that takes users to the provider’s website. [Learn more](https://www.capterra.com/resources/how-we-ensure-transparency/) [Description](#description)[Use cases](#use-cases)[Alternatives](#alternatives)[Features](#features)[Pricing](#pricing)[Support](#support)[Reviews](#reviews) BMSI Fund Accounting ## What is BMSI Fund Accounting? This intuitive yet powerful accounting system takes the complexity out of entering, maintaining, tracking and reporting detailed financial data. The combination of visually appealing data entry screens, well-defined user features, and quick access to on line help make data management easy. Manage financial strategies with on demand, system compiled budget information, including actual current to budget position comparisons. ## What is BMSI Fund Accounting used for? [Fund Accounting](https://www.capterra.com/fund-accounting-software/)[Government](https://www.capterra.com/government-software/)[Municipal](https://www.capterra.com/municipal-software/) Top alternative Featured Overall rating Based on 7 user reviews Reviews sentiment Positive \- Neutral \- Negative \- Starting price $3000 Per User, One Time Free trial not available Capterra Shortlist charts the highest-rated and most popular products... Our "Best of" badge program showcases products with the highest ratings... Our "Best of" badge program showcases products with the highest ratings... Do you work for BMSI Fund Accounting?[Manage this product listing](https://digitalmarkets.gartner.com/get-listed/claim-bx?url=http://www.bmsi-fund.com&name=BMSI Fund Accounting) ## Compare with a popular alternative Capterra selects software alternatives based on relevant features, verified user reviews and user interactions. Placement may be influenced by client status. ### BMSI Fund Accounting 4.1 (7) VS. [4.4 (25)](https://www.capterra.com/p/27209/FUND-E-Z/reviews/) Starting Price $3000 Per User, One Time Starting Price $140 Other, Per Month Free Trial Free Version Pricing Options Free Trial Free Version Ease Of Use 4.0 (7) Ease Of Use 4.4 (25) Value For Money 4.3 (6) Value For Money 4.4 (16) Customer Service 5.0 (7) Customer Service 4.4 (21) ## BMSI Fund Accounting alternatives Highest Rated [4.5 (286)](https://www.capterra.com/p/150647/Canopy-Tax/reviews/) Starting price $22.00 Per User, Per Month Pricing Options Free Trial Free Version User Rating 93% of reviewers rated it above 4 stars [4.3 (684)](https://www.capterra.com/p/76/Intacct/reviews/) Starting price Contact vendor for pricing Pricing Options Free Trial Free Version User Rating 87% of reviewers rated it above 4 stars [3.9 (426)](https://www.capterra.com/p/174753/Sage-50cloud/reviews/) Starting price $124.42 Per User, Per Month Pricing Options Free Trial Free Version User Rating 72% of reviewers rated it above 4 stars [4.2 (402)](https://www.capterra.com/p/184673/Melio/reviews/) Starting price $25.00 Per User, Per Month Pricing Options Free Trial Free Version User Rating 83% of reviewers rated it above 4 stars ## Features Features with the highest number of reviews are displayed first. Those that have no reviews appear next, sorted alphabetically. Accounts Payable 3.0 (2) 50.00% of 2 reviewers that rated this feature as important or highly important Track money owed to a company's creditors/suppliers Budgeting/Forecasting 4.0 (1) 100.00% of 1 reviewers that rated this feature as important or highly important Create budgets based on historical data and future projections General Ledger 4.0 (1) 100.00% of 1 reviewers that rated this feature as important or highly important Centralized accounting record which tracks all financial transactions Accounting Built-in accounting to manage ledger, accounts payable/receivable, financial reports, etc. Accounts Receivable Track outstanding invoices and the money owed from clients Activity Tracking Track and document all activities across devices, networks, and other systems BMSI Fund Accounting 13 features Built-in accounting to manage ledger, accounts payable/receivable, financial reports, etc. Track money owed to a company's creditors/suppliers Track outstanding invoices and the money owed from clients Track and document all activities across devices, networks, and other systems Create budgets based on historical data and future projections Ensure all properties are adhering to government and legal codes Centralized database to track details of fixed assets such as depreciation and maintenance scheduling/history Centralized accounting record which tracks all financial transactions Issuance of valid licenses to initiate projects or tasks Issuance of valid permits to initiate projects or tasks Workflows that help acquire inventory, issue purchase orders and receive and store items in required quantity Determining value of properties/purchases to calculate tax Measure, collect and manage the billing for utility usage including water, electricity, gas, sewage and more Get Advice We can help you find the software with the features you need. Features 3.9 (7) 3.9 Based on 7 reviews ## Pricing Value for money 4.3 (6) Basic $3,000 Per User,One Time Value for money 4.3 (6) 4.3 Based on 6 reviews Connect with a Capterra advisor for a free 15-minute consultation Get a personalized software list aligned to your business needs with guidance from our expert advisors. Our team has helped 1 million+ businesses like yours find options that fit their needs. ## Support, customer service and training options Customer Service 5.0 (7) Support - Email/Help Desk - FAQs/Forum - Knowledge Base - Phone Support - 24/7 (Live rep) - Chat Training - In Person - Live Online - Webinars - Documentation - Videos Deployment - Web - Android - iPhone/iPad Typical users - Freelancers - Small businesses - Mid size businesses - Enterprises Customer Service 5.0 (7) 5.0 Based on 7 reviews ## User reviews Overall rating 4.1 Based on 7 reviews Filter by rating 5(3) 4(2) 3(2) 2(0) 1(0) Mentioned topic Sorted by most recent GK Gloria K. Finance Mgr Government Administration ### "BMSI Software Review" 5.0 Overall Rating 5.0 5.0 Ease of Use 4.0 4.0 Features 5.0 5.0 Customer Service 5.0 5.0 Likelihood to Recommend 10/10 April 18, 2022 Pros The software is easy to use and functions very well for local Goverment Cons I wish it would merge better with an excel program. Review source Incentivized review: software users are invited to submit an honest review and offered a nominal incentive for their time and effort. All incentivized reviews are subject to our verification process prior to publication. Response from Vendor April 25, 2022 Thank you for your comments. The WebLedger upgrade includes much better Excel integration. BW Brenda W. Finance Manager Primary/Secondary Education ### "Works well" 4.0 Overall Rating 4.0 4.0 Ease of Use 4.0 4.0 Features 3.0 3.0 Customer Service 5.0 5.0 Likelihood to Recommend 9/10 April 15, 2022 It makes it easy to see what we have left to spend in our budget at any time. Pros It does a good job with tracking Encumbrances and Budgets Cons Can't just click on an item (account or vendor) and see the detail. Bank reconciliations are cumbersome because payroll doesn't integrate in automatically. Reasons for choosing BMSI Fund Accounting QuickBooks does not handle encumbrances or separate funds well. Review source Incentivized review: software users are invited to submit an honest review and offered a nominal incentive for their time and effort. All incentivized reviews are subject to our verification process prior to publication. Response from Vendor April 19, 2022 The latest version, which is web based has a more tighter integration with payroll and a much more robust bank reconciliation system. MM Mary M. Bookkeeper Government Administration ### "Review" 3.0 Overall Rating 3.0 3.0 Ease of Use 3.0 3.0 Features 2.0 2.0 Customer Service 5.0 5.0 Likelihood to Recommend 5/10 April 12, 2022 The support is good, but would really like some in person training. Zoom and remote help for specific problems is ok, but I would like to attend a training that is designed for new users. Pros I like the features of the payroll system. Cons I don't want my experience to paint a poor picture for the software. I started working here about 4 months into the pandemic and therefore was unable to participate in any face to face training. I would really enjoy being able to meet face to face for training. Review source Incentivized review: software users are invited to submit an honest review and offered a nominal incentive for their time and effort. All incentivized reviews are subject to our verification process prior to publication. Response from Vendor April 13, 2022 BMSI suspended all face to face contact including individual and group training during the pandemic in order to keep our users and employees safe. In person meetings will be resumed when it is safe. We currently offer group webinars on timely topics and individual training to users over the Internet using "GoToMeeting"as part of your subscription. The review said that you liked the payroll features, but there were evidently some that you indicated were missing. We would appreciate knowing what the system lacks. The system currently includes reports and electronic filing for all federal and state tax requirements as well as those for state retirement and ACA. The system handles "payroll by exception", departmental allocation of time and benefits, direct deposit, electronic time clocks, multiple pay rates per employee including shift differentials depending upon classification. The system tracks attendance, vacation, sick, comp and personal time. BC Beverly C. Finance Director Government Administration ### "BMSI Fund Accounting Review" 5.0 Overall Rating 5.0 5.0 Ease of Use 5.0 5.0 Features 5.0 5.0 Customer Service 5.0 5.0 Likelihood to Recommend 10/10 August 27, 2020 Good experience with the software overall and great customer service. There are very knowledgeable staff ready to help you with needs and issues. Pros The software is easy to use and the reports that are generated suit our needs. It is not an overly complicated system. Cons Some of the reports need to be updated so that they can be exported to excel and/or word. Other than that, I have no issues with this software. Review source Incentivized review: software users are invited to submit an honest review and offered a nominal incentive for their time and effort. All incentivized reviews are subject to our verification process prior to publication. PB pam b. bookkeeer Government Administration ### "bookkeeper" 5.0 Overall Rating 5.0 5.0 Ease of Use 5.0 5.0 Features 5.0 5.0 Customer Service 5.0 5.0 Likelihood to Recommend 9/10 March 12, 2019 Pros easy to access reports when needed, software and entering data is very user friendly . I like that reports are printed on screen before printing on printer. Cons the way the licensing works, it was a little confusing this year. Review source Incentivized review: software users are invited to submit an honest review and offered a nominal incentive for their time and effort. All incentivized reviews are subject to our verification process prior to publication. AB Amy B. Financial Supervisor / HR Government Administration ### "Pros and cons with BMSI" 4.0 Overall Rating 4.0 4.0 Ease of Use 4.0 4.0 Features 4.0 4.0 Customer Service 5.0 5.0 Likelihood to Recommend 9/10 March 11, 2019 Pros I work with the payroll, accounts payable and fund accounting. The programs are easy to work with, I am not the most knowledgeable person on computers but I have been using these programs for the last 15 years. When issues or errors happen, the support help I have received has been great. They take the time to go into the program with you and help resolve the issue along with explaining to you what was done. Cons I have windows 10 and lately I have has a problem signing into the software. I have contacted our tech support and they tell me that it is the BMSI program. I have to log off my computer several time through out the day in order to sign into the program. Review source Incentivized review: software users are invited to submit an honest review and offered a nominal incentive for their time and effort. All incentivized reviews are subject to our verification process prior to publication. RB Robert B. Finance/HR Director Government Administration ### "BMSI Review" 3.0 Overall Rating 3.0 3.0 Ease of Use 3.0 3.0 Features 3.0 3.0 Customer Service 5.0 5.0 Likelihood to Recommend 7/10 March 11, 2019 Pros The General Ledger, Accounts Payable and Payroll are all set up the same to make for a user friendly system Cons The software needs to be enhanced with more functions and abilities Review source Incentivized review: software users are invited to submit an honest review and offered a nominal incentive for their time and effort. All incentivized reviews are subject to our verification process prior to publication. Response from Vendor March 15, 2019 The next upgrade includes many additional functions including Accounts Receivable and Invoicing, Fixed Asset Depreciation, Recurring Invoices and Payments and a more robust check reconciliation function [View all Reviews](https://www.capterra.com/p/105468/BMSI-Fund-Accounting/reviews/) ## Top-rated software of 2026 ### Fill out the form and we'll send a list of the top-rated software based on real user reviews directly to your inbox. Independent research methodology Capterra's researchers use a mix of verified reviews, independent research and objective methodologies to bring you selection and ranking information you can trust. While we may earn a referral fee when you visit a provider through our links or speak to an advisor, this has no influence on our research or methodology. [Learn more](https://www.capterra.com/resources/proprietary-data-research/) How Capterra verifies reviews Capterra carefully verified over 2.5 million+ reviews to bring you authentic software experiences from real users. Our human moderators verify that reviewers are real people and that reviews are authentic. They use leading tech to analyze text quality and to detect plagiarism and generative AI. [Learn more](https://www.capterra.com/resources/how-we-verify-reviews/) How Capterra ensures transparency Capterra lists all providers across its website—not just those that pay us—so that users can make informed purchase decisions. Capterra is free for users. Software providers pay us for sponsored profiles to receive web traffic and sales opportunities. Sponsored profiles include a link-out icon that takes users to the provider's website. [Learn more](https://www.capterra.com/resources/how-we-ensure-transparency/)