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The platform is known for its intuitive design, mobile accessibility, and robust reporting, making it a valuable solution for businesses looking to streamline their accounting processes and focus on growth. It offers a simple and easy-to-use cloud-based platform to help you handle all aspects of accounting, donations, and reporting for your nonprofit organization. We chose QuickBooks as the best accounting software for advanced cash flow management because of its advanced expense sorting features.

Software4Nonprofits ACCOUNTS

Zoho Invoice is available in a variety of pricing plans, starting at $9/organization per month. For those who need only its basic features, a free version is available. The software enables nonprofits to send invoices in a moment’s notice and even automates the generation of recurring invoices.

What is nonprofit accounting software?

• These features, paired with reliable customer support, can help you concentrate on the fun side of your business.
• We recommend Zoho Books for its seamless integration capability with other products within the Zoho ecosystem.
• This technology is powering automation tools that streamline key accounting processes, thus minimizing tedious work.
• Nonprofit accounting software, however, focuses more on functionalities such as donation management, grant reports, and compliance with tax-exempt regulations.
• Financial Edge is the best accounting software for nonprofits that need enterprise-level accounting solutions and a high level of connectivity and transparency across the board.

It’s a bit expensive compared to cloud accounting programs, but much less expensive than QuickBooks Enterprise—which is another popular desktop accounting program. Finally, ease of setup and ease of use is about what we expect for a desktop program, but much harder than cloud-based software. For instance, its project accounting feature doesn’t allow you to compare estimated and actual inventory used, which is also the weakness we found in QuickBooks Online.

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Additionally, if you’re a global organization, consider whether you need a multi-currency software to handle currencies from around the world. The right program can also further your nonprofit’s mission by helping you spend less time and money on managing the organization’s finances and more on the people you’re trying to help. Some truly free options, such as open-source accounting accounting services for nonprofit organizations software, may be hard to learn or have limited support. Your nonprofit likely relies on a variety of programs and tools to handle different tasks. People spend years in higher education institutions to earn degrees that focus on it. It’s easy for that complexity to spill over into accounting software, leaving you with a tool that requires a textbook to understand.

Aplos: Best overall nonprofit accounting software

This includes the financial management of online donations from crowdfunding or foreign sources, which must be reported along with an NPO’s main funding. If you’re interested in using payroll software, you can start a free 30-day trial when you sign up for Wave. The fund accounting software provides you with different reports that allow nonprofits to manage their operations.

• Wave is suitable for nonprofits that only need basic accounting solutions at a no-cost or low cost.
• Fueled by grants and contributions, nonprofit organizations often face increased requests for accountability and transparency in financial reporting.
• Wave displays invoicing, payroll, and payments data updates, along with dashboards for cash balances.
• There are also some free accounting software for small businesses and nonprofits.
• Keep in mind that all versions of the software work only on Microsoft Windows, except for the OnDemand version, which also works on Macs.

The size of your organization will likely come into play when you’re choosing between nonprofit accounting software options. I looked for accounting programs that offered donor management tools and other services focused on the unique needs of nonprofits. Standout features of NetSuite’s cloud-based tools include a general ledger, cash management, tax compliance tools, as well as payment and donor management. Serenic Navigator is an integrated cloud-based Enterprise Resource Planning (ERP) solution designed for nonprofit organizations and government agencies.

Bench: Best Online Service as an Alternative to Accounting Software

This solution helps manage finances, automate business workflows, and assist in collective, cross-departmental work. The majority (63%) of nonprofit Financial Edge NXT users on TrustRadius are from mid-size businesses. It is best for medium to large scale companies who are willing to invest in a dynamic accounting software solution. Oracle NetSuite is a good option for large enterprises with complex financial and operational needs. Nonprofits in need of accounting solutions that will cater to their finances, omnichannel commerce, customer relationship management, and human resources may consider using NetSuite.

Every nonprofit can benefit from having accounting software to fit its purpose. The right program will help you keep track of donations and make sure you’re putting your financial resources to proper use. If you’re a new nonprofit or on the smaller side, it’s tempting to choose the cheap option that works well for small organizations. If you’re hoping to grow, make sure that your accounting software can grow with you.

Why We Chose Zoho Books

Most of our top accounting software picks include a free trial, so don’t be shy about trying a few different brands if you don’t hit on your favorite right away. Sage Business Cloud is currently offering new customers 70% off for their first six months of Sage Accounting—which typically costs $25 a month. If you’re considering Sage, we highly recommend taking advantage of the discount to save more than $100.