On the other hand, if you’re a small nonprofit or an organization just starting out, you might consider Wave accounting software. One of the only true free accounting software solutions on the market, Wave provides essential accounting capabilities, as well as the option to expand your functionality with their paid Payments or Payroll add-ons. For even greater capabilities, including the nonprofit edition option we mentioned above, there is QuickBooks Premier.
Is QuickBooks good for nonprofits?
If you want to be able to do more within your QuickBooks for nonprofits accounting software, you might then consider the QuickBooks Online Plus plan. This plan is ideal for enterprise-level nonprofits that require extensive reporting, multiple users, and a dedicated support team. This plan includes bookkeeping automation and various tools to handle financial tracking and reporting. Nonprofits must carefully track specific types of transactions, including donations, restricted grants, and in-kind contributions. Properly setting up accounts to track these activities helps ensure accurate financial reporting and compliance.
- 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.
- Create presentation-worthy reports with your logo, an introduction, and notes.
- We weigh in user comments and ensure that we agree or disagree with what other users have to say based on our understanding of the software.
- Here are a few items to watch closely each month on your nonprofit financial statements.
- Once again, if you opt for Premier Plus, you’ll receive all of the Premier features, with the added benefits of unlimited customer support, automated data backup and recovery, and easy software upgrades.
- Using Aplos’ CRM tools, you can create a member and donor database with profiles.
Sage Intacct: Best for managing large, global nonprofit financials
And you better believe that accounting technology is part of that mix. The nonprofit sector has always been burdened with the task of doing more with normal balance less. That means less resources, less capacity, less people power and less money, but they are still doing amazing things for the community and turn to technology to help them make that impact of a larger scale. Read this section to decide which product is a good fit for your nonprofit. To receive the discount, you must have official 501(c)(3) status and follow the other requirements listed here.
Best for Managing Large, Global Nonprofit Financials
- Typical categories include program services, management and general, fundraising, and other sources of income.
- Aplos is our overall best nonprofit accounting software because it has an outstanding set of general accounting features, and its key features are tailored to nonprofit operations.
- With easy features and smart integrations with other software like Donorbox, QuickBooks is the way to go for nonprofits who need accounting help.
- Using our advanced review methodology, we ranked the top systems below.
- Nonprofit accounting ensures your organization uses its financial resources effectively to move your mission forward.
- Additionally, for any of the four QuickBooks Online for nonprofits options, you also can choose to surpass the discount and instead opt for a 30-day free trial.
It includes all the features of the Plus plan but with more advanced tools and capabilities, making it suitable for growing organizations with more intricate needs. QuickBooks Enterprise offers premier editions https://www.bookstime.com/ spanning several industries, including nonprofit organizations. It has all the key features of the standard edition of QuickBooks Desktop Enterprise, extra reporting capabilities, and certain functionalities tailored to nonprofit needs. Zeffy is more than just donor management – it’s a comprehensive, 100% free fundraising platform.
Is there a free version of QuickBooks for nonprofits?
- Since QuickBooks was also made for non-accountants, it’s easy for first-time nonprofit bookkeepers to get a handle on nonprofit finances.
- Now, she loves sharing those hard-earned lessons with the Donorbox community.
- With over 70 built-in customizable reports, organizations can get granular insights into all aspects of their financial performance.
- In particular, QuickBooks Premier allows you to select a nonprofit-industry edition, which will provide functionalities designed specifically for nonprofits.
- Customers report paying more than $600 a month for NonProfitPlus’s full suite of features, so if you’re looking for affordable nonprofit software, NonProfitPlus probably isn’t it.
- This pricing structure can potentially make QuickBooks pricier than some alternative accounting solutions such as Xero, Wave, or FreshBooks.
- Also, list extra financial capabilities your church needs, such as the ability to process payroll, maintain a CRM or categorize restricted funds.
Read on to understand QuickBooks for nonprofits, including accounting services for nonprofit organizations its features, pros, cons, and pricing. Flexible solutions by QuickBooks Online Advanced help you keep tabs on your cash flow. Know where your organization stands so you can better focus on your mission. QuickBooks Online users can invite their accountants to access their QuickBooks information directly.
