nonprofit accounting software

Meanwhile, customizable and automated workflows can help your AP team gain more visibility and control when it comes to tracking the status of invoices. NonProfit+™ is business management software engineered with nonprofits in mind. Delivered on the powerful Acumatica platform, NonProfit+ brings a new level of functionality that empowers organizations to efficiently manage their finances. Not every nonprofit can afford to hire a professional accountant, and many nonprofits rely on in-house accounting methods. If you don’t have the funds to hire a professional, free accounting software can help guide your organization in the right direction.

Medium to large nonprofits will get more out of Sparkrock’s accounting software. Smaller nonprofits probably won’t benefit from all the features of Sparkrock, which can handle anything from finance and accounting to employee scheduling. Organizations needing to manage dues, events, or membership might want to look elsewhere for accounting software.

Software Pricing Tips

Lindy is a leader for Armanino’s midmarket cloud technology solutions. The Armanino Academy offers education and training opportunities to provide you with the skills and knowledge needed to drive success for your organization. Whether you are looking to develop a new skill or build upon existing knowledge, it provides a variety of learning levels and topics to meet your needs.

Is QuickBooks free to use?

There are no hidden charges and no monthly fees are included. It is completely free to use. Verdict: Easy to compare with QuickBooks and is a much better option for those who want a free version of accounting and financial software.

Get more insights into your giving with pledge tracking, donations by donor, lapsed donors, or other giving reports. Slice and dice your financial reporting to see the exact data you need across your organization. When choosing accounting software, consider the needs of your organization and the experience of the person who will be handling accounting for your organization.

You can give QuickBooks Online a test run with a free 30-day trial, or if you’re ready to jump in, you can take advantage of the new user discounts offered by the company. The Aplos Suite includes everything you need in one place to manage your bookkeeping, prepare your financial reports, accept donations, track your people, and achieve your mission. Our unearned revenue makes it simple for you to do accounting the right way. MoneyMinder is a simple and easy-to-use online program that you can access anywhere. If you’re the treasurer of an organization, you can use the program to manage budgets, handle bookkeeping duties, reconcile bank accounts, and generate detailed reports.

Foster Transparency And Integrity Throughout Your Organization

The platform comes with mobile apps that support both Android and iOS devices and integrates with third-party applications, including G Suite, Shopify, Stripe, and PayPal. These are but the key Freshbooks benefits; the app goes a long way in terms of ease of use and pricing. What is the best accounting software for philanthropy organizations? Nonprofit organizations have unique financial accounting and reporting requirements.

nonprofit accounting software

This shareware program is a double-entry ledger system that can be scaled upward as your organization grows. One of the benefits for non-profit organizations is that you can also calculate account balances when you want rather than only on a quarterly or yearly calendar. When considering a free accounting program for your nonprofit organization, keep in mind what tasks you need the program to perform and if there are any specific reports you are interested in producing. Every program has something different to offer so choose the one that will best match your needs.

What Is Nonprofit Accounting Software?

If you’ve done even a little research, you already know that this is practically unheard of when it comes to accounting software. So while you do have to pay a monthly fee for your Xero subscription , you won’t have to worry about paying extra for additional users. This double-entry accounting software offers an advanced feature set that rivals QuickBooks Online, hundreds of integrations, excellent security, and a well-organized UI. Though the software does have a slight learning curve, there are quite a few resources available to help you get the most out of using Xero. Easily track funds, such as grants and special programs, so you are ready for the financial reporting requirements that come with restricted gifts. It includes volunteer management tools, allowing you to track volunteer hours and create reports by volunteer or event.

Though it is designed specifically for small businesses, cloud-native accounting platform Sage Business Cloud Accounting is also suited to nonprofit organizations. It aims to help them overcome common accounting challenges, such gross vs net as compliance. The also software makes most complicated accounting processes fairly simple, getting rid of complexities arising from the simultaneous administration of numerous projects and the use of a variety of currencies.

Xero: Best For Nonprofits With Multiple Users

His articles focus on providing the best answers to people’s questions while engaging the reader. The Premier Plus subscription requires an annual payment based on the number of users and includes unlimited customer service, a free version upgrade each year, and off-site backup of your data. QuickBooks currently offers a 50% discount for the first three months or a 30-day free trial with no credit card required. Set up automatic reports to be created and emailed to your team such as a statement of financial position, statement of financial activities, budget vs. actual, and more. Keep everyone in the loop with custom board member, donor, and grant reports. DonorPath matches you to a virtual fundraising coach with a simple, elegant dashboard to identify new opportunities, automate reports, and see donor wealth scores.

Wave uses accountant-friendly double entry accounting — just set them up and get back to your organization. Payroll Pay employees and independent contractors, and handle taxes easily. This allows you to manage projects in line with your finances and make it easier to calculate project costs. It comes with Gantt charts so you can nonprofit accounting create project timelines, assignment tracking tools to increase accountability within your team, and auto-reminders so you don’t have to worry about missing a deadline. Plus, with its resource allocation function, you can have a clear view of your staff capacity and make sure that no one is being overworked or underworked.

nonprofit accounting software

Cloud software enables organizations to keep all of their online and accessible through any web browser while reducing costs. Since cloud solutions are offered on a subscription basis, the software allows for lower upfront pricing and better long-term budgeting due to a predictable ongoing cost structure. Intuit QuickBooksFinancial Edge by BlackbaudMIP Fund Accounting®OverviewInexpensive with all the features new nonprofits need to get started. Below, we will take you through the process you need to follow and the key questions to ask to choose the best nonprofit accounting software for your organization.

Free Online Training For Small Businesses

Best for youQuickBooks is best if you’re just starting, but you may outgrow it quickly.Financial Edge is best if you’re already on the Blackbaud platform.MIP® is best for all nonprofits. After finding software vendors that can help you carry out these crucial tasks, request a demo or meeting to see how the software solutions align with your organization’s needs. Non-profits play a special role in people’s lives as well as in the economy, and they need access to the best software and tools on the market. When you’ve transferred your organization’s information online through ZipBooks, you’ll be able to access your data anywhere you go. Time tracking—You and your team members can track your hours by launching our built-in time tracker.

  • Delivered on the powerful Acumatica platform, NonProfit+ brings a new level of functionality that empowers organizations to efficiently manage their finances.
  • However, its biggest advantage is the level of transparency it provides, with built-in compliance and security management that not only saves you time but keeps your organization accountable.
  • With QuickBooks Online, your nonprofit can choose from four different subscription plans, each of which will give you access to a cloud-based software known as one of the best accounting solutions on the market.
  • Includes a free 1 year subscription for every Enterprise User you buy to Fourlane’s online QuickBooks training courses.
  • Get an idea of your cash flow, your top expenses, and the projects that you undertake, right from the dashboard.

Essentially, it classifies your expenses according to your use of your organization’s funds. For-profit companies leverage an income statement to show how much they have earned or lost over a specific period of time. By contrast, nonprofits are less focused on income and more worried about the activities they’ve been able to carry out for their mission. That’s why they use a statement of activities instead of an income statement.

If you are a volunteer treasurer for a small charity, then Wave is suitable software for accumulating your income and expenses. Wave doesn’t offer departmental comparison or analysis, so it doesn’t work if you receive restricted funds. Nevertheless, Wave has a good set of features to streamline accounting for donations, tax receipts, and payroll. Nonprofits with multiple locations can also set up and manage multiple entities with Wave.

For example, there needs to be ways to differentiate different donation types, like money brought in from grants versus those from donors. Unfortunately, general accounting solutions don’t offer ways to manage separate funds. This results in organizations trying to make square pegs fit in round holes, relying on patchworks of solutions and following online tutorials to make general-purpose software work for the NPO.

Fund Ez Features

Freshbooks offers a tiered pricing system with a nonprofit discount. The nonprofit discount allows nonprofits to pay the price of the tier beneath their chosen solution. For instance, their lite plan is $15/month and plus plan is $25/month.

Author: Craig W. Smalley, E.A.