# BMSI Fund Accounting Reviews 2026. Verified Reviews, Pros & Cons | Capterra > Is BMSI Fund Accounting the right Fund Accounting solution for you? Explore 7 verified user reviews from people in industries like yours to make a confident choice. Source: https://www.capterra.com/p/105468/BMSI-Fund-Accounting/reviews --- BMSI Fund Accounting 4.1 (7) Provider data verified by our Software Research team, and reviews moderated by our Reviews Verification team. [Learn more](https://www.capterra.com/our-story/) * * * Last updated March 13th, 2026 # Reviews of BMSI Fund Accounting Ease of use 4.0 Customer Service 5.0 ## Showing most helpful reviews Showing 1-7 of 7 Reviews Sort by: Most Helpful Rating Company Size Reviewer's Role Length of Use Frequency of Use BW Brenda W. Finance Manager Primary/Secondary Education Used the software for: 2+ years ### "Works well" April 15, 2022 4.0 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. Reason for choosing BMSI Fund Accounting QuickBooks does not handle encumbrances or separate funds well. Review Source Response from Business Management Systems 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. AB Amy B. Financial Supervisor / HR Government Administration Used the software for: 2+ years ### "Pros and cons with BMSI" March 11, 2019 4.0 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 MM Mary M. Bookkeeper Government Administration Used the software for: 1-2 years ### "Review" April 12, 2022 3.0 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 Response from Business Management Systems 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. GK Gloria K. Finance Mgr Government Administration Used the software for: 2+ years ### "BMSI Software Review" April 18, 2022 5.0 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 Response from Business Management Systems April 25, 2022 Thank you for your comments. The WebLedger upgrade includes much better Excel integration. BC Beverly C. Finance Director Government Administration Used the software for: 2+ years ### "BMSI Fund Accounting Review" August 27, 2020 5.0 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 RB Robert B. Finance/HR Director Government Administration Used the software for: 2+ years ### "BMSI Review" March 11, 2019 3.0 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 Response from Business Management Systems 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 pB pam B. bookkeeer Government Administration Used the software for: 2+ years ### "bookkeeper" March 12, 2019 5.0 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 Similar Products Featured ## Send me user reviews about this product ### Fill out the form and we'll send a list of the top-rated software based on real user reviews directly to your inbox.