Lastly, Tipalti Approve comes with powerful capabilities for generating reports and dashboards. Non-profit organizations can easily monitor their spending through purchase reports. Users can also access dashboards to get real-time insights into spending and approval delays.

Xero is a good choice for nonprofits of all sizes but is most beneficial to larger nonprofits that need to add additional users without increasing their monthly costs. QuickBooks Online isn’t just a top software solution for small businesses — it’s also a solid choice for nonprofits. Unlike its desktop counterpart that has a notoriously steep learning curve, QBO is fairly easy to learn and use, even if you have no prior accounting experience.

Stay Current with Nonprofit Buying Trends

At tax time, you can easily transfer your data to the relevant IRS forms. Customizable reports allow you to manage budgets for various programs, view contributions by donor and track top-tier donors. QuickBooks Enterprise is a desktop program, but users can pay more for cloud access. Nonprofit accounting software is a type of nonprofit software that handles the specific financial transaction needs found within the nonprofit industry.

Xero allows Noble Accounting to become more closely involved in your nonprofit – allowing us to give you the best advice. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners. The paperwork tends to be lighter, too, as governments try to keep nonprofit red tape to a minimum. For example, you may be exempt from providing regular balance sheets and statements of income. The regulations vary depending on where you set up your business, so check local laws for guidance.

You can do online fundraisers using online giving platforms to augment your income and ensure you can continue helping your constituents. 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.

• But the best part is that the vendor offers a considerable discount to nonprofits, perfect for organizations that lack cash flow.
• Downloaded withdrawals or deposits are matched to previously entered transactions, or can be entered directly into the accounting system.
• The software enables nonprofits with tools and technologies such as Optical Character Recognition.
• Using this kind of software, you will be able to maintain a record of all of your donors, including their contact information, the amount they have donated in the past, and any other pertinent information.
• Employee leave management platforms are becoming essential in companies.

It can work with any format of scanned images and files from any operating environment, from PDFs to JPGs. NetSuite for Nonprofits’ pricing details are not publicly available. You will have to directly contact the vendor and ask for a quote.

QuickBooks and Xero Offer Some Nonprofit Tools

However, this plan is limited to budgets, calendar tools, and membership tracking. If you want to have access to all available features, you’ll need to upgrade to the MoneyMinder Pro plan which is priced at a very affordable $159/year. Fund EZ comes as either a cloud-based product or a locally-installed program.

• When we contacted a sales representative for a starting price, we were told there is no set starting price as each solution is uniquely catered to the NetSuite client.
• Forecasts will be far more important to predict the health of your organization into the following year.
• While complex, Fund EZ uses intuitive organization and design, so you can learn the software faster.
• $20 a month to give you an easier way to process mobile donations.

Robust xero config in actionstep practice pro + accounting features create audit trails that keep your nonprofit from being bogged down by taxes, errors and mistakes. However, if you wish to broaden your search, you can read our article on the best free accounting solutions. While they may not have specific tools for nonprofit organizations, they still have the necessary features to help you keep your finances in check. Moreover, it will guide you in your search for great tools that don’t impact your bottom line. Created to help businesses automate their entire financial processes, Invoiced can be an equally effective tool for non-profits for managing funds and automating other accounting tasks. This cloud-based accounts receivable software supports multiple currencies so that receiving donations from overseas is not a problem.

Its $37 and $70 plans add bulk transaction reconciliation, higher bill pay limits, project tracking and analytics. Blackbaud is an all-in-one accounting software package that includes features such as budgeting, forecasting, and expense management. Nonprofits, educational institutions, and charitable organizations use Blackbaud’s fund accounting software to streamline financial management operations and increase the impact of our customers’ missions. In this blog post, we will review the top nonprofit accounting software solutions to help you make an informed decision about which one is right for your organization. Volunteers are crucial to the success of many nonprofit organizations, but it can be difficult to coordinate their efforts.

QuickBooks

It is easy to navigate as well with its simple but visually appealing dashboard, from which all needed accounting tools can be accessed. 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. The tool effectively cuts costs, improves accountability, and ensures accurate financial management for all types of nonprofits.

Discover the definition of the pro forma income statement, its purpose, how to create a pro forma statement and free pro forma income statement template Excel to download. Discover what accounting automation is and the top 10 accounting automation software that you should try to optimize your accounting process. Impossible to customize the fields to appear when you upload your bank transactions. Each module has to be paid for separately, meaning the full set of features can be quite pricey.

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. Payroll management system allows you to file tax payments automatically and access customized reports to track your own set of KPIs and metrics. The software makes it easy to track all incoming and outgoing cash flow. This solution is more than just traditional bookkeeping software. It’s a full suite of products and technology that can be used to manage your nonprofit. You can easily track volunteer hours in relation to events, view reports by volunteer and events, evaluate events based on volunteer effort/time, and more.

With a less overwhelming set of features compared to some competitors and award-winning customer support, Realm offers churches an easy platform for managing donors and their donations. Each subscription includes a 24/7 online Help Center, phone support, online webinars, personalized training, local user groups and an annual client conference. Put simply, whatever support format is easiest for your church is available with Realm. 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.

Best nonprofit accounting software

Each plan comes with a set limit of donors or employees that induces extra costs, or some features that require a premium version of the module. Dedicated grantmaking tools to keep track of where your money is going and ensure the programs you support really make a difference. Nonprofit Plus bookkeeping software includes built-in payroll functionality as well. Depending on your specific type of nonprofit, the Nonprofit Plus Accounting Suite has additional features to meet your needs. If your organization falls into one of these categories, the Nonprofit Plus Accounting Suite should be a top consideration for your nonprofit bookkeeping software.

It even comes with bank account management tools that make it easy to keep tabs on all transactions with donors and sponsors. Xero also excels at accounting basics that can keep your nonprofit’s budget on track, including thorough financial reporting and expense tracking. Its mobile app lets you collaborate on the go, and it integrates with hundreds of third-party apps. But even with its extensive accounting features, QuickBooks’s nonprofit software still doesn’t have as many nonprofit-specific features as Sage Intacct and Aplos.

Blackbaud: Best For Mid-Sized Nonprofits & Government Organizations

The software is offered as both an on-premise and SaaS solution, and contains a wide variety of standard accounting functions that include accounts payable, accounts receivable, budgets and bank reconciliation. The Financial Edge fulfills all standard accounting needs and offers a variety of additional tools that specifically address a nonprofit’s unique financial position. You can use Blackbaud Financial Edge to generate insightful reports on the fly, manage nonprofit workflows or to provide constituents with the highest level of transparency. Comprehensive accounting software A2X is designed to simplify bookkeeping processes. The platform reduces the need for manual entry and recording, automatically syncing transactions to ensure the accuracy of accounting records. These transactions can also be summarized into reports at the end of each month for easier financial tracking.

This makes it easy for you to quickly prepare monthly, quarterly, or annual statements for anyone who donates. In addition to being a very intuitive and user-friendly software, Freshbooks has a generous set of features and exceptional customer service. It lets you do everything from running reports, tracking expenses, and even tracking and logging time for your employees/volunteers.

Custom Chart of Accounts – Create a flexible chart of accounts that fits your nonprofit structure, including correctly tracking your funds and using tags to manage fundraising campaigns or projects. Finally, another benefit of using accounting software for nonprofits is that it helps you prepare for audits. When everything is organized and in one place, it will be much easier to find the information that auditors need. Software in the operation software category helps businesses manage daily tasks and boost productivity.

Using the https://bookkeeping-reviews.com/, you can manage and track invoices and even share the same–all from a single dashboard. It allows you to monitor all transactions while being able to generate and send out invoices in different currencies and languages. Its simple interface makes the platform easy to use, eliminating the steep learning curves that usually come with such systems. To rank the best accounting software for nonprofits, we first considered whether the software offered nonprofit-specific features, like donation tracking and Form 990 generation. We also considered price, ease of use, data security, types of plans, and customer reviews. Aplos is ideal for small nonprofits and churches in need of cheap nonprofit accounting software.

Sage Intacct comes equipped with all the features nonprofits need to save time doing administrative tasks so they can focus on more important matters. For instance, this nonprofit budgeting software lets you automate fund, grant, revenue, and billing processes. If you’re not sure whether Wave Accounting is what you need, then explore more options and check out best open source accounting software currently available. Serenic Navigator allows nonprofits to budget, track, and report on expenses and track expenditures against user-defined budgets. Nonprofits can easily stay in sync with their bank accounts, track their expenses, and send invoices. Features of their software include reporting and budget checking, management of restricted funds, flexible deployment and licensing, and scalability.