۸ Best Accounting Software for Nonprofits

However, if you’re a smaller nonprofit that doesn’t need special nonprofit features, QuickBooks Online can be modified to your nonprofit’s needs. At Fundera, Randa specializes in reviewing small business products, software, and services. Randa has written hundreds of reviews across a wide swath of business topics including ecommerce, merchant services, accounting, credit cards, bank accounts, loan products, and payroll and human resources solutions.

What is QuickBooks Online for Nonprofits?

Between employees, board members, accountants, and more—your nonprofit will have many different individuals involved in your financial processes. When it comes to QuickBooks Desktop, then, you can choose QuickBooks Pro, Premier, or even Enterprise. Each of these solutions, nonprofit bookkeeping like their web-based counterparts, offers robust features that can benefit nonprofit organizations. In particular, QuickBooks Premier allows you to select a nonprofit-industry edition, which will provide functionalities designed specifically for nonprofits.

What Is Accounting Software for Nonprofits?

Plus, by choosing the nonprofits edition, you’ll be able to create end-of-year donation statements, create form 990, run donor contribution summary reports, and more. Although not as flexible and mobile as QuickBooks Online, QuickBooks Pro has an impressive feature set, making it a QuickBooks for nonprofits option worth considering. All of this being said, let’s explore the details of the desktop-based QuickBooks for nonprofits https://www.bookstime.com/compare-bookkeeping-solutions solutions you have to choose from. We’ll answer all of these questions, and more, in our QuickBooks for nonprofits guide—so you have all of the information you need to find the best accounting solution for your nonprofit. No third-party integrations, mileage tracking feature or ability to accept in-person card payments. Annual subscriptions are expensive; each additional user license and cloud access costs extra.

Tailored recommendation for your business

More than 750 app integrations, including live, in-house bookkeeping. The basic version of MoneyMinder is free and comes with limited features. But, MoneyMinder’s Full Edition is $199 per year and well worth the added cost.

Is there free accounting software for nonprofits?

You can customize, save and automate the delivery of the reports your board of directors and donors need. Rather than track how much profit is earned like small businesses, nonprofit organizations track how money is spent. QuickBooks makes it easy to allocate revenue and expenditures to specific funds or programs, automatically allocates overhead to programs, fundraising, general, and administrative expenses for you.

• 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.
• Your team can take and record donations right on their phone or mobile device.
• It’s affordable and easy to use, and is designed specifically for small organizations and churches that need basic bookkeeping and accounting services.
• We encourage you to research and compare multiple accounting software products before choosing one.
• QuickBooks Pro is the first option for the desktop-based versions of QuickBooks for nonprofits.
• With QuickBooks Online and QuickBooks Advanced, you can Instantly review the statement of financial position, the statement of financial activities to budget, actual reports, and more.
• One popular option is Quicken, which has been in the personal finance management game since 1983.

It also made our roundup because of its outstanding bookkeeping assistance available through QuickBooks Live. While QuickBooks was originally designed for businesses, there are many ways to adapt the platform to the unique aspects of nonprofit accounting. Because your organization by definition can’t turn a profit, its goal in using QuickBooks is different from that of a business—to ensure accountability in financial management rather than to track profitability.

• This program integrates with Raiser’s Edge, a program of choice for donor and constituent management, and allows you to track expenses and budgets across fiscal years.
• Terms, conditions, pricing, features, service and support are subject to change without notice.
• Quicken falls in the middle when it comes to pricing compared to NeatBooks and FreshBooks, which charge $40 per month and $19 per month (after si months at $9.50), respectively.
• We recommend the Plus plan because of the location and class tracking features, which can be used to monitor income and expense by program service, administrative, and fundraising purposes.

Best Nonprofit Accounting Software of 2024

One of the best options for nonprofit accounting software is QuickBooks Online. When choosing nonprofit accounting software, you’ll want to identify the obstacles blocking your work. Accounting software is a type of computer program that allows bookkeepers and accountants to record and report an organization’s financial statements. Software may be specifically designed for certain types of organizations, including nonprofits, so they can take care of their financial reporting and remain compliant.

Least expensive plan lacks double-entry accounting reports, bank reconciliation and accountant access. Smaller organizations may benefit from ACCOUNTS while larger entities may have more luck with Financial Edge from Blackbaud. If you want to cater to special needs, consider Sumac to track donations, Araize FastFund Accounting to help you take advantage of your cloud-based system, or MoneyMinder, which is a great option for volunteer organizations.

• (While users are limited by plan, you can add additional users to any plan for $2.50 per month per user.) Like Sage Intacct, Zoho Books uses automated workflows to streamline data entry and consolidate redundant tasks.
• It’s easy to start with a smaller QuickBooks product (like QuickBooks Premier) and convert to a more robust product (like QuickBooks Enterprise Nonprofit) as your nonprofit grows.
• Setting up classes can also help you organize your nonprofit’s revenue by source.
• If you upgrade to the Gold, Platinum, or Diamond plans, you can even get payroll services for your organization and pay your staff directly through QuickBooks.
• MoneyMinder offers additional services like bank integration and MyStore.
• If you’re trying to balance a nonprofit budget on, well, a budget, Xero, Zoho Books, and FreshBooks are cheaper options, and Wave Accounting is completely free.

QuickBooks makes it easy to tag expenditures to fundraising, programs, or general admin so that you can report exactly how each dollar was spent for each program or fund across your organization. At the end of the year, all of your data is organized in one location to save you time when preparing IRS Form 990. Categorize revenue expenditures by fund or program, and create custom reports based on the data that matters most to your nonprofit organization. It’s easy to generate all kinds of reports about your business, from banking to spending to net worth. It also lets you split receipts across multiple spending categories—so if you did some personal and business shopping on the same trip, you can separate these expenses easily.