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20 Best Accounting Software for Nonprofits 2023 Reviews

Bookkeeping 13 июля, 2020

bookkeeping software for nonprofits

Slice and dice your financial reporting to see the exact data you need across your organization. Upgrade for more granular reporting so you can harness the ability to see the exact data you need across your funds, departments, projects, and locations. Easily identify your tax-deductible income by purpose, bookkeeping for nonprofits manage membership and sponsorship invoices, and track other forms of income without the headache or extra spreadsheets. Earlier, we used Spreadsheets for maintaining our accounts and Zoho CRM for invoicing. It allows us to maintain our current accounts more effectively than spreadsheets.

However, Advanced is also an excellent choice if you require more than five users. Typical small-business accounting revolves around profit—how much a company is making, spending, losing, and saving. In contrast, nonprofit accounting centers on tracking funds, including responsible oversight of fund management. Fund accounting software’s primary goal is to show you and your shareholders, namely board members and donors, exactly where their money is going. All Xero plans offer reporting, payment acceptance, file storage, contact management, tax calculations and the ability to connect Xero to a bank account. Its $12 per month plan offers invoicing and quotes tools, bill tracking for five bills, bank and Xero syncing and 30-day cash flow snapshots. Its $34 and $65 plans add bulk transaction reconciliation, higher bill pay limits, project tracking and analytics.

FastFund Software Suite

You need a nonprofit accounting tool to meet such standards as FAS 116 or FAS 117. A nonprofit organization requires the right accounting tool to keep their nonprofit, tax-exempt, and tax claim back statuses active. Sumac also integrates seamlessly with QuickBooks Desktop and QuickBooks Online.

You can try Aplos for free for 15 days with no credit card required. Best Billing and Invoicing Software for Small Businesses 2022 We weighed pricing, plans, features, reputation, and usability to find the best billing software for… At Business.org, our research is meant to offer general product and service recommendations. We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services. Business.org showcases its top picks of the best nonprofit budget software providers. Transparency in an organization’s financial data shows current and prospective donors how their dollars are utilized. Dashboards made for different types of leaders within the organization, such as CEO, development manager and grants manager.

Connect apps to QuickBooks for a smarter software solution

We also gave heavy consideration to the popularity of the software among nonprofit organizations, as this will have a large impact on your ability to find assistance when problems arise. In evaluating the nonprofit accounting software on this list, we developed five criteria to determine the applicability of the accounting software to nonprofit accounting. Each criterion has an assigned weight and subcriteria to further break down the software’s capability to handle the specific accounting and nonprofit features that we like to see.

  • Unfortunately, while Aplos’s nonprofit features stand out, its accounting features are more limited.
  • In addition to strong accounting, QuickBooks Online also offers features specific to nonprofit organizations .
  • The tiered pricing system for Xero starts at $9/month for the Early plan, $30/month for Growing, and $60 for Established.
  • Over 3,800 nonprofits save up to 20 hours each week by automating admin tasks such as email communications, membership renewals, event registrations, and online payments.
  • Your charity can accept donations online or offline in a transparent way.

Zoho Books is accounting software that’s made specifically for small businesses. With the addition of two free add-on modules, donor management and volunteer portal, it offers more functionality for your NPO. This cloud-based software lets you manage your finances while integrating multiple apps like Office 365, Analytics, Google Suite, and Zoho’s email and CRM software. Fastfund Nonprofit Accounting Software is a cloud-based software for small to medium nonprofits and small government agencies.

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