Best Nonprofit Accounting Software

xero non profit

The program allows you to create customizable donor profiles so you can adjust fields to meet your organization’s needs. For robust budgeting, so you can drill down the transactional level details of your nonprofit organization, consider MartusTools™. This cloud-based budgeting tool integrates easily with Financial Edge NXT, Sage Intacct, and QuickBooks, so you can quickly import essential information and make an accurate budget. Additionally, it has built-in templates to improve your reporting that you can then customize to meet your needs.

xero non profit

Or maybe you’re ready for a full-fledged fund accounting ERP, such as FundEZ or Nonprofit+. If you’re looking for an all-in-one software solution for your nonprofit, consider giving Araize’s FastFund Online a shot. Araize calls this the “total xero non profit solution” for fundraising, payroll, and accounting for nonprofits of any size in any sector — from churches and schools to community and healthcare organizations. FasyFund Online is also a good choice for smaller government organizations.

Pay Staff Online And On Time

Xero is a good choice for nonprofits of all sizes but is most beneficial to larger nonprofits that need to add additional users without increasing their monthly costs. QuickBooks Online isn’t just a top software solution for small businesses — it’s also a solid choice for nonprofits. Unlike its desktop counterpart that has a notoriously steep learning curve, QBO is fairly easy to learn and use, even if you have no prior accounting experience. It features a modern, intuitive UI and built-in help options to help you navigate the software. You can access the cloud-based software from any device with an internet connection, or use one of the software’s desktop or mobile apps. Xero Accounting Software for Nonprofits is the perfect accounting solution for non-profits and charities looking to run lean, be agile and take control of their financials.

  • MIP Fund Accounting takes this into consideration and has built a solution that growswithyour organization.
  • Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services.
  • Easily and securely share critical donation and expense information online with donors, board members and volunteers.
  • You can get even more from the software by using one of its add-ons for your nonprofit.
  • However, Sage does note that most customers spend between $6,000 and $35,000 on an annual subscription.
  • And with a free plan and 30-day free trial, you have nothing to lose.
  • With Xero, your invoices are not only customized for your business needs but creating, sending and tracking these invoices is also fast and straightforward.

The Raisers Edge is more expensive to implement than Xero, Xero is rated higher (94/100) than The Raisers Edge (86/100). The basic version of MoneyMinder is free, but MoneyMinder Pro is $159 per year and well worth the added cost. Unlike the free version, you can import PayPal transactions, print checks, and store documents. In reviews of Araize, many people say the program is robust and powerful.

Top Technical Analysis Tools For Traders

It will help if there are other nonprofit businesses with a similar structure. There are legal processes that nonprofit entities have to go through – when they are formed and on a regular basis from then on. They handle money, such as donations and membership fees, but in a different way to a for-profit business. Find apps for your charity or nonprofit organization at the Xero App Store. Use seamless online payroll to calculate tax deductions and wages so you can pay the staff of your charity or non–profit quickly and easily. This is an example of a dashboard within QuickBooks Online being used for a nonprofit organization.

Our list of the year’s best free accounting software can help you keep your books in order while you plan for growth. Finding the right software for your nonprofit helps determine its success, so make sure to snag those free trials and test-drive different options. With the right bookkeeping software on your side, you’ll be able to make the most of your donations and reach people who support your cause. The product’s accounting capabilities are designed to automate manual processes so that you get to focus on more important tasks. It gets rid of manual data entry in just about any area of your business, including accounting, inventory, and sales. You also get to enjoy compliance with industry reporting standards, along with insights that can greatly help you make data-driven decisions. The tools that accompany the system are highly suited to different industries as the vendor can scale the system to meet any requirement.

xero non profit

Since QuickBooks was also made for non-accountants, it’s easy for first-time nonprofit bookkeepers to get a handle on nonprofit finances. QuickBooks Online is designed for use by growing businesses and freelancers but can be configured for nonprofits. The software has become the go-to tool for many nonprofits for their accounting needs mainly because of its ease-of-use and integrations with popular third-party programs. Using the platform eliminates the need for nonprofits to invest in costly fund accounting systems, very ideal, indeed, if you are on a tight budget. The solution effectively mimics the functions of business accounting systems; all it takes is some tweaking. It will take time for nonprofits to recover, but accounting software will be there to keep tabs on all incoming and outgoing funds.

Whether you’re hiring a bookkeeper or crunching numbers on an Excel spreadsheet, you need a system that can track transactions, record disbursements, manage your inventory, and capture costs. Freshbooks is an incredibly helpful software solution for nonprofits focused on minimizing overhead costs and tracking internal operations.

Collaborate From Anywhere, At Any Time

Xero provides a real time snapshot of your financial position, allowing your organization to easily share information with your members, volunteers, even your board. It provides a level of transparency and fraud prevention your sponsors will value, helping you secure grants. Sync seamlessly with third-party fundraising and donor management tools like Keela. SmartSimple offers robust budgeting tools that help automate post-award grant activities. You can create payment schedules, PRI repayment schedules, reports, and outcomes. With AccountEdge, your nonprofit can easily manage your donor contacts and track your donation sources.

  • For instance, if you see that your events aren’t doing as well as your other fundraising campaigns, you might choose to boost your event marketing.
  • The Xero app is perfect for growing organizations, which need more than just bookkeeping but are not yet ready for complete ERP software.
  • Apart from that, you can bar the use of cash-on-hand or petty cash unless you have given authorization through a document signed via the application.
  • The answer lies in the use of the best accounting software providers but not the ones that most businesses employ.
  • Bring volunteers and the board together on the financials, allowing them to work from anywhere on the latest figures.

They did a good job of preparing paychecks; however, because paychecks are paychecks, I decided to take a look at our options. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty.

Quickbooks Online Features

Since Breeze isn’t traditional accounting software, it lacks features such as expense tracking or payroll. It also integrates with a number of other software and apps, including Slack and Toggl. Many nonprofit organizations are tight on money with no fixed office space, so they need to have employees working remotely. Cloud-based software make perfect sense here, allowing your accountant or bookkeeper to update the accounts wherever they happen to be.

Aplos is a web-based accounting software created with nonprofits in mind. It is highly customizable with a user-friendly interface and dedicated to keeping all your receipts and reports in one place. Aplos comes with core features that include budgeting, donor management, and online donation support. It also provides tax support for 1099s and990s, taking the stress of paperwork off your hands. Aplos can come in handy for smaller nonprofits in need of budget organization, as well as expense tracking and fundraising. The best accounting software for nonprofits should offer nonprofit-specific features like fund-based accounting, donation tracking, and Form 990 generation.

Compare Specifications

To nonprofits, Zoho Expense offers numerous benefits that are sure to make expense management a bearable task. Expenses can be recorded automatically by simply uploading a photo of your receipt, wherever you are. Its project management features, meanwhile, enable you to properly plan program spendings, which can be reexamined as needed using the app’s analytics. Finally, nonprofits will surely appreciate the fact that the vendor offers them discounted plans. Expense monitoring and tracking app Zoho Expense brings the gift of automation to all processes relevant to expense management.

If you’re not satisfied with your purchase and no longer intend to use it, the company will give you a full refund. QuickBooks Enterprise Nonprofit is issued by Intuit, the financial services and tax software company.

You can link your Xero account to Infoodle for seamless donor communication and analysis. Sparkrock is a great nonprofit accounting software for charter schools because it is one of the only programs to offer K-12 board management. However, it isn’t the only option available, and charter schools may find that a program like Sage Intaact or Sumac works best for their organizations. Even if you have no prior accounting or bookkeeping software experience, MoneyMinder is easy to learn. It’s a great option for treasurers overseeing volunteer-run nonprofit organizations, providing a simple and straightforward way to track payments, create budgets, and run annual reports. Financial Edge NXT is a cloud accounting solution for mid-sized nonprofits that is used by over 5,500 organizations.

Automate Those Manual Time

For large or growing organizations who need comprehensive accounting services, this program can be a good fit. Blackbaud serves a variety of nonprofits, including faith communities and churches, arts organizations, educational institutions, and just about any other type of nonprofit you can imagine. It supports peer-to-peer fundraising, grant and award management, nonprofit marketing, and donor payment acceptance. Online bookkeeping software FreeAgent is a highly capable system that charities can take advantage of. And while it is primarily designed for small businesses, solo entrepreneurs, and freelance professionals, it has tools that make it viable for use in nonprofit fund accounting. That is because you can configure its features to suit your fund accounting needs.

The platform is loaded with enterprise-grade features that are bound to benefit any business or organization. If your non-profit offers subscription plans, Invoiced’s Subscription Billing module can help you manage recurrent donations much akin to recurrent billing in businesses. The platform also allows you to create sign-up pages to make it easy for your prospective donors to choose the subscription plan that they prefer.

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