The best nonprofit accounting software should include all the core accounting features and functionality all businesses need, such as the ability to send invoices and track spending. It should also offer nonprofit-specific accounting functionality, such as the ability to receive donations, manage restricted funds and file Form 990. Aplos is a full-fledged CRM tool that allows your organization to easily track, manage and engage members and donors. True Fund accounting helps you stay on top of donation restrictions to ensure funds are spent on time and in the correct manner.
Once these requests are approved, purchase orders are automatically opened and data is automatically synced with integrated ERP systems. It’s easy to use, so even if you have no bookkeeping experience, you can navigate the program and take advantage of its features to manage your organization’s finances. Within Sumac, you can see each donor’s history with your organization, including past donations and communications. QuickBooks integrates with several apps used by nonprofits including Kindful.
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Thus, you can quickly deal with donors and granting authorities and secure more donations for your charitable cause. MoneyMinder is simple accounting software with just the features and functionalities to operate a charitable agency swiftly. Volunteers with no prior bookkeeping experience can also use the tool so that you can save money on accountants and bookkeepers. Furthermore, this tool comes without complicated treasurer software functions to facilitate easy usage. Accounting software programs for nonprofits come at different price points. That’s why we considered giving price a significant weight to give more credit to account software programs that deliver great nonprofit accounting features at an affordable price. On the downside, it’s expensive and complex and requires a lot of training and support to get up to speed on the basic functionality.
QuickBooks Enterprise Nonprofit is issued by Intuit, the financial services and tax software company. Since its launch, it has become a household name, earning over $7.7 billion in revenue in 2020. Whether you’re a volunteer, board member, accountant, or bookkeeping for nonprofits anyone in between, it’s easy to learn how to use Wave. A beginner-friendly interface makes it easy to get used to managing the books. Integrations save your organization valuable time importing and exporting information from one solution to another.
What is the best accounting software for small nonprofits?
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. Xero makes it easy to monitor and manage your accounting needs from a simple dashboard interface. You can monitor your expenses, your cash flow, checking and credit accounts, bills, and account watchlists directly from your dashboard screen.
- The software consists of four modules, which offers a lot of flexibility for companies and organizations when it comes to choosing apps they would like to implement in their AP processes.
- Locally installed software — Software that can only be used on specific computers that have had the program installed.
- Free trial is available, and there are no engagement periods or setup fees.
- Aplos will send you a monthly financial statement to guide your financial health.
- Its free subscription gives you access to 1 user profile and one accountant profile.
To process a transaction via credit card, you must pay a fee of at least 2.9% plus $0.60 per transaction. Sage Intacct is cloud-based accounting software that can be tailored to fit businesses in a variety of industries, including the nonprofit sector. It includes more automation features, like automated revenue recognition, than some of its competitors and is tailored to organizations that plan to expand. In fact, Sage Intacct has features intended for nonprofits that work with multiple currencies, entities and locations. Similar to QuickBooks Enterprise, Accufund is available as both a desktop product and a cloud-based solution. In particular, nonprofits with lots of full-time employees may benefit most from the product’s HR management modules, which can assist with payroll, time tracking, tax management and HR policies.