That might seem obvious, but some accounting software was written only with conventional businesses in mind. Try to find a package that was designed with at least some input and feedback from non-profit entities. You’ll probably have no products or services to sell, at least at the beginning. A well-thought-out fundraising plan will help keep cash flowing in. Non-profit businesses are sometimes called not-for-profit entities, especially by accountants. Unlike a conventional business, a non-profit business’s main aim isn’t to make lots of money.
Aplos is ideal for small nonprofits and churches in need of cheap nonprofit accounting software. Larger nonprofits will most likely find the software too simple for their complex requirements unless they go with the Advanced Accounting plan. The robust features, strong security, and affordable pricing make this software a good choice for nonprofits looking to manage their donations and expenses. Intuit QuickBooks offers several plans, ranging from $15 to $100 per month. Plan differences revolve around the number of users, customization options, inventory management, automations and expense tracking.
The 13 Best Nonprofit Accounting Software Apps
To find what’s best for you, make sure to do your research and take advantage of free trials and demos. Financial Edge NXT is a cloud accounting solution for mid-sized nonprofits that is used by over 5,500 organizations. The software offers strong accounting and basic nonprofit features. The interface is beautifully designed and well organized. The company also offers strong security and free chat support.
Throw in solid security, over 650 integrations, and reporting, and it’s easy to see why small businesses and nonprofits choose QuickBooks as their accounting solution. Quicken offers many plans ranging from $2.99 to $5.99 per month . For nonprofits, its most relevant plan is the $5.99 Quicken Home and Business plan (normally $9.99). All Xero plans offer reporting, payment acceptance, file storage, contact management, tax calculations and the ability to connect Xero to a bank account. Its $13 per month plan offers invoicing and quotes tools, bill tracking for five bills, bank and Xero syncing and 30-day cash flow snapshots.
Although xero band reviews each app in the Xero App Store, we can’t give any guarantees. It’s up to you to assess the performance, quality and suitability of any app before going ahead. No.1 Mileage app for small businesses, whether you use your car for your own business or reimburse employees. Track your key metrics and monitor your business performance in easy to share, easy to use dashboards.
FastFund Online has a number of great features that make it a solid choice for any nonprofit organization. If you want to see it in action, contact Araize to schedule your free demo. If you want advanced nonprofit accounting tools or operate a large organization, MoneyMinder probably isn’t the right choice for your business. However, if you operate a smaller nonprofit or a volunteer-run organization and want a simple accounting solution, MoneyMinder is worth a try. And with a free plan and 30-day free trial, you have nothing to lose.
How To Choose an Accounting Software for Your Nonprofit
It also integrates with a number of other software and apps, including Slack and Toggl. Not-for-profit accounting solution that can save you hours of administrative work so you can spend more time making significant contributions to your community. This easy-to-use software lets you streamline your tasks, increase your productivity, track your not-for-profit’s financial health and be transparent about it. Spotlight Reporting allows accountants and business owners to create easy, great-looking performance reports, dashboards, cash flow forecasts and consolidations. QuickBooks offers a discount on its QuickBooks Online software through TechSoup. This version of QuickBooks Online offers the accounting features and functionality nonprofits need, including the ability to manage nonprofit finances, file Form 990 and file taxes.
NetSuite’s accounting software offers accounts receivable and payable, cash management, fixed asset management, a general ledger and tax management solutions. 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. If you want to optimize and improve the financial situation of your nonprofit, Sage Intacct can help. This fund accounting software not only has the accounting features you need but also offers real-time visibility to effectively manage the growth of your nonprofit.
- This will help you decide which accounting software meets your needs best.
- It also provides HR and training and certificate management.
- And with a free plan and 30-day free trial, you have nothing to lose.
- Stay on top of expenses and plan ahead with the cash summary report.
She currently serves as a business consultant, operations manager, and content strategist at Doubting Thomas Research Foundations’ Afghan Liberty Project, a small non-profit organization. She graduated with an MBA in leadership from Excelsior College. As we evaluated providers for this best-of guide, we looked for a variety of providers for different nonprofit needs. We also looked for some common elements, such as value for the cost, ease of use, breadth of features and functionality and customer support. Here is a closer look at how we evaluated the inclusions for this best-of 2023 list.
Play with the numbers and see which plan works best for you. Also track outgoing funds such as salaries, wages and other business expenses, and break them down by month. Subtract the sum of all expenses from the sum of incoming funding. Finally, write an explanation addressing how surplus will be reinvested into the nonprofit.
If you don’t need features specific to nonprofits, you can check out our picks for the top free accounting software. QuickBooks Online is one of the best cloud-based accounting solutions on the market, and it offers several handy features essential for nonprofits. Depending on the plan you select , costs can get a little expensive. To get the most out of the software, you may need to integrate with other nonprofit software, which can further add to your monthly cost.
But if you collect more in revenues than you spend, that extra money can be either reinvested or spent on extra services or facilities. File the necessary paperwork with the appropriate government agency. It’s easy to forget to do this, but you may be liable for extra taxes if you don’t do it on time. Whether or not your business will be granted non-profit status depends on a number of factors.
SFX gives you the power to automate and sync Invoices, Bills and Credit Notes across Salesforce and Xero. Forbes Advisor adheres to strict editorial integrity standards. 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. We know that choosing the best nonprofit best software can be difficult, but you can’t go wrong with any of these great options. Whatever program you’re leaning toward, we highly recommend scheduling a demo or testing the software yourself before making any final decisions.
- The software could also work for smaller, growing organizations that are willing to pay the cost to make sure their grants are handled correctly.
- Unlike a conventional business, a non-profit business’s main aim isn’t to make lots of money.
- As always, we wish you the best of luck in your search for the perfect software.
- However, QuickBooks Online is an excellent choice for small- to mid-sized nonprofits that want easy-to-use accounting software with lots of features and integrations.
- While Wave offers free plans, its payroll , transactions and bookkeeping and accounting support cost extra.
Donor management tools then help you increase retention, track donations and fundraise. Xero has three pricing plans ranging from $11/month to $62/month. A 30-day free trial is available to test out the software. If you decide that Xero is the right choice for you, registered nonprofits receive a 25% discount. Payroll by Gusto is also available to add starting at $39/month.
Best for Volunteer-Run Nonprofits
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As a not-for-profit professional, you understand the importance of keeping your ducks in a row at all times. Chances are you’ve lost countless, valuable hours designing spreadsheets or storing data in a physical ledger to track your funds and expenses. And after doing all that, it was still challenging to create and share financial reports. Good quality non-profit accounting software can help you here, allowing you to run through different forecasts and scenarios.
Nonprofits that need to reduce labor costs per project should consider Zoho Books. In addition, nonprofits that need highly intuitive software even employees with no accounting experience can use should consider Zoho Books. Aplos is best for nonprofit organizations that need to attract and retain donors through targeted donor management, such as churches. A customer relationship management app for non-profits to manage donors, volunteers, fundraising and more.
Merchant Maverick’s ratings are not influenced by affiliate partnerships. Like most ERPs, Nonprofit+ does not disclose pricing on its website. Custom quotes are created for each individual organization. Contact Nonprofit+ directly for a quote or a free tour of the product.
Xero offers a solid accounting solution, and with hundreds of integrations, you can fully customize this software to best fit the needs of your nonprofit organization. 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. These programs offer a wide array of features and are designed specifically with not-for-profit organizations in mind. Each program meets the necessary nonprofit accounting standards and displays strong security. We’ve included programs that are ideal for different types and sizes of nonprofits, so each organization can find something to suit their needs.
For smaller nonprofits on tight budgets, QBO may be a bit expensive. However, QuickBooks Online is an excellent choice for small- to mid-sized nonprofits that want easy-to-use accounting software with lots of features and integrations. Can help you manage your not-for-profit accounting smoothly and with peace of mind. With Xero, you can pay bills, claim expenses, create accurate accounting reports and organise your payroll. You can also sync your bank accounts with your financial records and share your financial data with board members or your accountant. 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.