While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. QuickBooks does a lot of the work automatically, saving you and your volunteers precious time. Connect your bank account and QuickBooks will learn to categorize expenses for you. Set reports to be automatically created and emailed to board or committee members on any schedule you’d like.
Nonprofit accounting beginner’s guide and key financial statements
This full-service program lets organizations keep track of their finances, donor lists, and payroll. 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. Quicken offers plans ranging from $5.99 to $10.99 per month (billed annually and offered at a promotional discount for the first year). Unlike most software for nonprofits, NonProfitPlus includes inventory management, which is crucial if you stock merchandise (like T-shirts and mugs) to raise money or reward donors. On the other hand, NonProfitPlus doesn’t list any pricing on its site—as with Sage Intacct, you have to get in touch with a representative for a quote.
- Since its launch, it has become a household name, earning over $14.4 billion in revenue in 2023.
- This makes it easy for remote team members and outsourced financial professionals to collaborate in a secure environment.
- Access is locked out after multiple failed login attempts for the same user.
- You can also accept credit cards, bank payments and Apple Pay from invoices.
- Finally, its banking tools allow you to automate bookkeeping, receive instant payments and deposit checks via a mobile app.
- In addition, there may be a lack of accounting expertise on staff.
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Still, Zoho Books offers 15% off its starting price for registered nonprofits, which helps lighten some of the fiscal load. Keep in mind that financial reporting should be accurate and consistent and reflect the true nature of the organization’s operations. Review your annual tax returns for accuracy and to ensure that your organization is taking advantage of all available deductions and credits. It also outlines the reporting, filing, and notification requirements related to a nonprofit’s activities.
Compare nonprofit bookkeeping features: Runners-up
By considering these factors, you can ensure that your nonprofit organization has the necessary resources to reach its objectives and is in line with GAAP standards. If you’re looking to use flexible, comprehensive tools on the go, anytime, anywhere, then QuickBooks Online may be a great choice for you. Find help articles, video tutorials, and connect with other businesses in our online community. Get matched with a QuickBooks-certified bookkeeper who understands nonprofits and keeps your books up to date.
But, MoneyMinder’s Full Edition is $199 per year and well worth the added cost. Unlike the free version, you can import quicken for nonprofits PayPal transactions, print checks, and store documents. In reviews of Araize, many people say the program is robust and powerful.
Financial Edge also integrates with Blackbaud’s Raiser’s Edge, the gold-standard program for donor management and fundraising, so you can make sure your organization’s efforts are cohesive. 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. 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 $14.4 billion in revenue in 2023. At Business.org, our research is meant to offer general product and service recommendations.
QuickBooks has customizable settings that align with the fund accounting system nonprofits use to achieve this goal, and we’ll walk through how to configure these in the next section. Araize FastFund Accounting is our pick for the best cloud-based solution for organizations that want total remote access. It offers comprehensive accounting, fundraising, and payroll services and can be accessed from anywhere in the world. QuickBooks Enterprise Nonprofit is our choice as the best overall accounting software for nonprofits because it is a full-service program that allows you to track your finances, manage your donor lists, and even pay your staff. However, Wave doesn’t offer fund accounting or any other nonprofit-specific features, so we hesitate to recommend it to nonprofit bookkeepers and treasurers.