If none of the purpose-built accounting systems on the market fit the bill, expand your search into more general accounting SaaS products. These are top-notch accounting systems that are built for general for-profit use, but many nonprofits find them to be useful. With FastFund Online, you can dedicate more resources to fulfilling your mission by streamlining processes and sharing information across the entire organization. FastFund Online will help your nonprofit provide proper stewardship of funds, and demonstrate better accountability and transparency to help you be more sustainable. And clean, clear financial records are key to making a doable, workable strategic plan. While Donorbox offers a free plan, payment processing with Partnership Accounting Stripe and PayPal will incur a charge.

Features of Accounting Software

We appreciate that QuickBooks provides businesses the flexibility to either access Enterprise remotely via cloud hosting or stick with the traditional desktop setup. 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. However, Advanced is also an excellent choice if you require more than five users. In conclusion, choosing the right accounting software for your nonprofit organization is an important decision. Additionally, nonprofit accounting software can help streamline operations and reduce the amount of time needed to complete financial tasks.

Software4Nonprofits ACCOUNTS

• Keep your financial records straight and up-to-date thanks to this easy-to-use yet powerful software.
• This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).
• You also have the ability to create detailed donations reports in order to better understand your organization’s financial position at any given time.
• You can only get the 30-day free trial with no credit card required if you want to try QuickBooks.
• Abila MIP Fund Accounting is one of the best accounting software for nonprofits and government entities.

Unlike businesses that can focus primarily on profit margins, nonprofits must balance mission impact with financial sustainability. State charitable registrations need regular updating, while payroll donor restriction compliance demands ongoing documentation. Board members expect regular financial updates, and program managers need budget reports. This ongoing oversight helps prevent the accidental misuse of restricted funds and ensures compliance with donor requirements.

Non-Industry-Specific Accounting Software for Nonprofit Organizations

Protecting your and your donors’ sensitive financial data is non-negotiable. Opt for software with robust security measures, such as data encryption and secure access controls. Otherwise known as Fund Accounting—and we know Fund Accounting is the foundation of nonprofit financial management. Where did they come from, where are they going, and what are the secret details that need to be brought into the light.

• In contrast, regular accounting software focuses on tracking income, expenses, and profitability for businesses aiming to maximize profits without the need to manage funds based on donor-imposed limitations.
• 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.
• (Nonprofit Treasurer, our favorite free option, recently closed its doors.) If you’re looking for fully featured free accounting software, though, your best bet is Wave Accounting.
• Managing the financial intricacies of nonprofit organizations presents countless challenges.
• As you might expect of a software company with customizable products, Blackbaud does not publish its pricing.

Customer support options, like online chat, technical support, and on-call training help nonprofits tailor accounting solutions for their financial management and compliance needs. FastFund Online is the only Software as a Service (SaaS) that seamlessly integrates nonprofit accounting, fundraising donor management and payroll in a single solution. FastFund Online was designed by CPAs with extensive experience working in the nonprofit sector. Their mission is to provide comprehensive software solutions and customer support that is affordable for all nonprofits. Denali is ideal for small to mid-sized nonprofits looking for a comprehensive core accounting solution that can grow with them. With special features tailored specifically for nonprofits, including nonprofit fund accounting and donor management, Accounts by Software4Nonprofits helps you keep your financial ducks in a row.

QuickBooks Online: Best Customizable Accounting Software for Form 990 Reporting

There are nonprofit accounting software options that are made specifically for nonprofits, but you may also find that more general accounting solutions would work best for you. The best nonprofit accounting software depends on your organization’s needs. The ability to use nonprofit accounting software easily is accounting services for nonprofit organizations our key factor here.

• Unlike many other options, Sage’s dashboard can’t be customized to include only the information and features that you need.
• Some of the links that appear on the website are from software companies from which CRM.org receives compensation.
• Where did they come from, where are they going, and what are the secret details that need to be brought into the light.
• These systems handle recurring donations, matching gifts, and varying restriction levels.
• Regularly reviewing these metrics helps spot potential issues before they become problems.
• Its user-friendly interface ensures that even those without extensive accounting backgrounds can navigate and use the software effectively.

Though the cost of accounting software can vary significantly, most are quite reasonable, particularly considering the time savings they can create for your team. Many of the most popular accounting software providers offer a free option or at least a free trial and all of the software we reviewed had a basic package for less than $20 per month. Accounting is a critical but underappreciated part of a nonprofit’s operations.