Still, Zoho Books offers 15% off its starting price for registered nonprofits, which helps lighten some of the fiscal load. Tipalti AP automation software automatically provides payment status to you and your suppliers through the Supplier Portal. That improves communications and means your staff won’t get distracted and bogged down with constant, time-consuming supplier reminder inquiries about when you’ll be paying their invoices. Set up automatic reports to be created and emailed to colleagues, board members, and donors. 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. Nonprofits use a variety of specialized reports such as annual board member reports, donor reports, and grant reports.
- AP automation streamlines workflows and adds automated invoice processing, automated global compliance, and stronger financial controls.
- Sage allows nonprofits to track and manage multiple funds, budgets, and grants.
- Integrations include third-party banks, Gusto payroll, Shopify, Microsoft Outlook, Stripe, Mailchimp, and more.
- When you’re just starting a nonprofit, you may only need your business accounting software to have basic accounting tools.
- Aplos also offers special discounts for organizations that were founded in the past six months, or who have annual revenue of under $50,000.
- Since many nonprofits operate on a limited budget, only large nonprofits may be able to afford advanced accounting systems.
Money Minder (Great Nonprofit Bookkeeping Software for Volunteer-Led Organizations)
- Indeed, several of the leading accounting software providers offer specific products that are designed for small organizations.
- Or their non-profit programs providing job training may be needed instead to give the prior homeless population a path to re-entering the workforce.
- That’s why we considered giving price a significant weight to give more credit to account software programs that deliver great nonprofit accounting features at an affordable price.
- For nonprofits, that often means basic financial reports (including donor- and board-facing financial reports), a chart of accounts to help you track finances, and basic budgeting to keep your nonprofit up and running.
- A nonprofit uses Blackbaud to manage programs, track outcomes, and measure impacts.
We found it easy to not only get up and running but also to automate processes. To cite one example, QuickBooks offers extensive templates for reports and it’s simple to designate the ones you use repeatedly so they pop up with a few contribution margin clicks. These reports weren’t just time-savers, they were among the most well-designed and useful of any we explored. Nonprofit accounting apps with built-in integrations are the easiest way to sync your preferred apps with your accounting software. However, an Open API or workaround like Zapier will let you build custom connections.
Best Overall Accounting Software for Nonprofit
While you don’t need to become a tech head to make this decision, there is some key technical language and some key accounting terms that you’ll need to know. Unlike many other options, Sage’s dashboard can’t be customized to include only the information and features that you need. If your accounting staff gets overwhelmed by technology, this could be a problem.
- These types of funds grew by 9% in 2022, having increased yearly since 2009.
- Aplos strikes a good balance between accounting and nonprofit features, making it an ideal choice for the average user looking for simplicity without sacrificing functionality.
- However, one drawback is that the system comes with a steep price, making it suitable for only larger nonprofits.
- This ultimately empowers nonprofits to better focus on their core values and mission of making a difference in the communities they serve.
- Most notably, Striven offers add-on “Portals” that enable communication between your nonprofit and its stakeholders.
You need a better business foundation
Online accounting systems provide software solutions that help organizations manage and maintain their bookkeeping and accounting with less questioning and stress at the end of the month. Between meeting with Board members, tracking volunteers, and applying for grants, you’re probably low on spare time. This lack of time means you have less energy to focus on accounting and bookkeeping.
Nonprofit accounting software made to do more for others
Cloud-based nonprofit accounting software solutions are far more user-friendly than their previous counterparts, enabling users to tap into easy-to-use web-based accounting services for nonprofit organizations interfaces to carry out their accounting work. NetSuite, which was purchased by Oracle a few years ago, offers a wide range of accounting, CRM, and ERP (enterprise resource planning) solutions for dozens of industries—including nonprofits. NetSuite’s cloud-based Social Impact software includes fund accounting, inventory management, and even ecommerce support. Sage Intacct nonprofit accounting software lets nonprofit organizations use its dimensions feature to capture results by each of their formalized programs. This means using the simple general ledger chart of accounts in Sage Intacct with multiple ways to segment results. Sage Intacct for nonprofit users includes charities, foundations, and faith-based organizations.
In our evaluation, Aplos performed well in both accounting and nonprofit features. We did dock a few points in the accounting category because of the added cost for payroll, the lack of inventory features, and no mobile app. That said, these missing features aren’t https://www.bookstime.com/ major drawbacks, and Aplos is still a strong choice. Its ease of use really stands out, with multiple customer service channels that make it simple for users to get help when they need it.
Keeping on top of accounting with software allows nonprofits to be transparent about their cash flows and remain compliant with regulators. Smaller organizations may benefit from ACCOUNTS while larger entities may have more luck with Financial Edge from Blackbaud. Luckily for you, we’ve done the research so you don’t have to take the time out of your schedule. You can see each donor’s history with your organization, including past donations and communications. Donation details can be converted into ledger entries and reports for a bookkeeper or accountant, and you can craft summarized annual giving reports. You can use Financial Edge to create budgets, track expenses, manage cash flow, and handle the general ledger.