8 Best Accounting Software for Nonprofits

Online service, Xero, of course, works as long as you have access to the Internet and are using one of the many popular web browsers. If you use the app-based versions of Xero, which are accessible for both iOS and Android smartphones.

• Fund accounting software’s primary goal is to show you and your shareholders, namely board members and donors, exactly where their money is going.
• Additionally, it aids in customer management, bank account reconciliation, and the creation of analytical financial reports that support your company’s steady and seamless growth.
• Integrations save your organization valuable time importing and exporting information from one solution to another.
• Quote-based pricing makes it difficult to compare with competitors.
• We selected these solutions based on features, pricing, reputation and more.

If you’re searching for accounting software that’s user-friendly, full of smart features, and scales with your business, Quickbooks is a great option. Zoho Invoice is available in a variety of pricing plans, starting at $9/organization per month. For those who need only its basic features, a free version is available. Accounting software Tipalti Approve is designed to streamline finance and procurement workflows for medium to large non-profit organizations. The platform comes with comprehensive features for simplifying purchase request creation and approval request processes, so non-profit organizations can have better control over their finances. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site.

Financial reports that write themselves

It integrates with Raiser’s Edge, a program of choice for donor and constituent management, and allows you to track expenses and budget across fiscal years. Unfortunately, ACCOUNTS was designed for Microsoft Windows and the desktop version is only available for that operating system. However, there is a cloud-based, browser version called OnDemand that works on most platforms including Mac.

An important feature of Gusto is that it allows organizations to monitor employee payroll and company spend in real-time. With the platform’s accounting dashboards, businesses can easily track the live status of their company’s financial health. Moreover, Gusto leverages powerful automation tools to payroll and tax filing workflows. Aplos is best for nonprofit organizations that need to attract and retain donors bookkeeping for nonprofits through targeted donor management, such as churches. Aplos stands out for its customer relationship management component. With this software, you can create donor profiles, communicate with donors and keep a record of the relationship, and personalize your engagement and retention strategies with targeted outreach tools. Donor management tools then help you increase retention, track donations and fundraise.

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You can also change the tax form to form 990, which is assigned to nonprofits. Now you can enjoy the benefits that come with using Quickbooks Online. To streamline payroll and tax compliance processes even further, Gusto also automates payroll calculation, bill payments, and submission of a company’s payroll taxes. This enables non-profit organizations to ensure that they can pay their employees on time, submit year-end forms, and file taxes to avoid critical errors and costly penalties.

AccountEdge Pro is a desktop accounting solution for small businesses, with an optional cloud app for more flexible access. It allows you to manage banking, credit card and expense accounts, and set up recurring transactions that include a reminder to record them.

NonProfit+: Best for Nonprofits Relying on Numerous Small Donations for Support

In addition to accounting, you’ll have access to CRM, event management, fundraising, and workflow tools all in one convenient, cloud-based platform. This free software program can be useful for small nonprofit organizations. It is an open source program that has some characteristics of Quicken and some small business accounting features. This software will allow you to create a multitude of reports, but you may need to export some data in Excel to complete them. QuickBooks Online has four pricing plans ranging from $25/month to $150/month.

Make sure to get in touch with the vendor to get more information on their pricing tiers. Quote-based pricing makes it difficult to compare with competitors.

To keep these statuses intact, all nonprofit organizations must process some accounting tasks. 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. The internal controls of Financial Edge allow your organization’s system administrators to allow or deny access to specific information within the software.

You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. Nonprofits use a variety of specialized reports such as annual board member reports, donor reports, and grant reports. With QuickBooks, you can easily customize your reporting templates and run any report you need. Create presentation-worthy reports with your logo, an introduction, and notes. Keep everyone in the loop with custom board member, donor, and grant reports. In just a few clicks, QuickBooks nonprofit software lets you import transaction details from other apps, such as Fundly or DonorPerfect. Zoho Books is very simple to use and automates most of my business workflows.The dashboard lets me quickly know how my business is performing.