Best Accounting Software For Nonprofits 2023

Fund accounting supports your ability to know with confidence every dollar received is going for the purpose it was intended. Nonprofit accounting can get complicated, especially for organizations using outdated systems. If you don’t have the right financial planning tools and strategies, you may find yourself making errors or taking hours to perform even simple, routine tasks. First, find out which considered software offers a free trial or a version you can use to try the software before buying. Narrow down your list of considered software to the ones you can afford. With the right accounting software, you can stay legally compliant while gaining a clear understanding of your financial standing.

• Also, you don’t have to commit to a contract; you can cancel at any time.
• The cool thing about Sumac is that you can customize it to fit the needs of whatever type of nonprofit you run.
• Even if you plan to move to the cloud, nonprofit accounting software is still a sophisticated and mission-critical application.
• Upon request Fast Fund A flexible solution with modules to only pay for what you need.
• The ability to use nonprofit accounting software easily is our key factor here.

To help you get up and running, AccountingSuite offers a number of webinars and modules to help you adapt to the system. Lastly, it can integrate with your Givebutter fundraising platform through Zapier. With QuickBooks Online, you can sync your bank accounts in just a few clicks, allowing you to easily track incoming and outgoing cash flow. QuickBooks accepts credit card, debit card, bank transfers, cash, or checks as payment options, allowing you to easily accept online donations.

The Top 3 Grant Management Software for Nonprofits You Need to Know About

We’ve included programs that are ideal for different types and sizes of nonprofits, so each organization can find something to suit their needs. Not only do these organizations require specialized features, but they are also under special scrutiny from contributors and governmental agencies. Large-scale organizations with thousands of donors will need enterprise-scaled solutions, such as QuickBooks Enterprise Nonprofit or Blackbaud’s Financial Edge.

Fund EZ is ideal for large nonprofits and nonprofits with complex accounting needs and is great for organizations needing Medicaid billing or foster care support. This is one of the only programs I feel truly ensures that nonprofits have accurate accounts and are meeting all federal nonprofit regulations. While these comprehensive features are a huge plus, they come at a steep price, making the software an unrealistic solution for smaller nonprofits or nonprofits on a strict budget. Withholding specific pricing information is a common practice for ERP solutions, as quotes are usually highly tailored to an organization’s individual needs. Blackbaud also offers a separate nonprofit fundraising and member management software called Raiser’s Edge NXT. Contact Blackbaud to learn more about its products and pricing.

Sage Intacct

We highly recommend the Plus plan because of the location and class tracking features. However, Advanced is also an excellent choice if you require more than five users. It also made our list because of its outstanding bookkeeping assistance available through QuickBooks Live. While having a dedicated accountant or bookkeeper—or several—on-staff is ideal, that’s not always https://quick-bookkeeping.net/ possible for new or growing organizations. The right accounting software can help nonprofit organizations meet these standards even if they have a lean staff, so they can reach their financial objectives and minimize their costs. Freshbooks is an incredibly helpful software solution for nonprofits focused on minimizing overhead costs and tracking internal operations.

• Small businesses can enjoy simplified tax reports and gain much needed time to focus on growing their activity.
• There is no upfront investment required and no maintenance to perform.
• Rather than track how much profit is earned like small businesses, nonprofit organizations track how money is spent.
• Track total expenses under a subaward, including monies disbursed directly to the subawardee and monies disbursed for example equipment and supplies on behalf of the subawardee.

FreeAgent is a cloud accounting solution designed with small businesses in mind. If you’ve not found the right fit yet, feel free to browse through our list of the best accounting software available for charities The 6 Best Accounting Software For Nonprofits Of 2021 and churches. This comprehensive overview should help you compare solutions and choose the best one for your current and future needs. Easy-to-use tools facilitate the daily life of a nonprofit organization.