When choosing nonprofit accounting software, security, and data protection are of paramount importance. The software should include data encryption, secure credential tokenization, and data backup options to protect sensitive information. Xero makes it easy to sync with your bank and other third-party apps—including an integration with Givebutter. Automated invoicing and reporting enable you to spend more time fundraising and less on bookkeeping.
User-friendly
With this software, you can create donor profiles, communicate with donors and keep a record of the relationship, and personalize your engagement and retention strategies with targeted outreach tools. Donor management tools then help you increase retention, track donations and fundraise. Many free donation software solutions offer limited integrations with other platforms.
- It’s meant to be easy to use and can help any organization run more effectively, regardless of size or industry.
- Users can create unlimited fundraisers without any cost (card-processing fees still apply outside the US).
- The software is easy to use and can be customized to fit the unique needs of any organization.
Cloud-based accounting solutions offer users the benefits of enhanced collaboration, scalability, and accessibility, allowing them to access the software from any internet-connected location. These features make cloud-based accounting solutions an attractive option for businesses of all sizes. They provide a secure, reliable, and cost-effective way to manage finances and streamline operations.
Aplos: Best for churches and faith-based organizations
Free nonprofit accounting software simplifies many of these tasks, helping organizations manage their finances effectively and stay compliant with necessary reporting standards. From basic to advanced features, accounting software for nonprofits is designed to streamline financial management, enhance transparency, and support the specific reporting requirements of nonprofits. Whether you’re looking to upgrade from a simple best accounting software for nonprofits 2023 accounting tool or seeking a more sophisticated system, our article will help you find the perfect fit for your organization’s needs.
- In our experience, the Plus plan of QuickBooks Online is advantageous, offering features like location and class tracking, which are essential for segregating activities by fund and program service.
- Cloud-based accounting solutions, such as Freshbooks, Xero, Zoho Books, QuickBooks Online, Wave, and Sage Accounting, are stored on remote servers and can be accessed over the Internet.
- This software is different from for-profit accounting software like Quickbooks because it is designed specifically for nonprofits.
- While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe.
- Nonprofit organizations often face unique financial challenges, needing to track donations, grants and other sources of income with transparency and accuracy.
Alternatives to PayPal for Nonprofit Organizations
To put it very simply, accounting software for nonprofits is a program that is designed to facilitate the financial functions of an organization. Such type of software is very different from accounting software for businesses or even individual private-sector employees. AccountMate is desktop accounting software aimed at small to medium-sized businesses. It includes features such as payroll and inventory management, along with various other accounting features.
How much is QuickBooks for a non profit?
The ability to support multiple users — and even various companies — also allows teams to collaborate more effectively, even in larger organizations. Looking for the best nonprofit accounting software to streamline your finances? Compare top tools like QuickBooks, Xero, Aplos, and more — based on pricing, features, and nonprofit-specific support. Ideal for small nonprofits, Wave offers essential functions like invoicing and receipt scanning without subscription fees.
You’ll usually export your old data (for example, to CSV), then import or work with support to make sure everything transfers correctly. Xero has unveiled its Reimagined beta with a redesigned homepage and improved navigation, featuring real-time financial insights for users. As financial operators ourselves, we know how critical and difficult it is to make the right decision when selecting software.
The platform also provides real-time reporting to help you monitor fundraising progress and donor engagement. Features include the ability to set up recurring donations, providing a steady income stream. You can create unlimited donation forms, allowing for diverse fundraising campaigns. The platform also offers detailed analytics to help you track and optimize your fundraising efforts. In conclusion, choosing the right accounting software for your nonprofit organization is an important decision. Additionally, nonprofit accounting software can help streamline operations and reduce the amount of time needed to complete financial tasks.
Fund accounting
It can handle everything from expense tracking to financial reporting, and it integrates well with other Zoho products, making it useful for nonprofits that already use Zoho tools. MoneyMinder is specifically built for nonprofits, which makes it an attractive option for organizations that manage volunteers, donors and membership programs. It offers many nonprofit-specific features, including fund accounting and tracking donations, making it a handy tool for managing various aspects of nonprofit finance.
Many of Sage’s most compelling tools are focused on inventory management and creating quotes, which are not relevant for most nonprofits. Still, the software provides the functionality that most small or medium-sized organizations will need. If your nonprofit is larger, works with hundreds of donors, and accepts online payments, you’ll need a more robust solution—something like Xero or Sage Intacct. Large-scale nonprofits with more complex needs would be smart to go with advanced accounting software like QuickBooks Enterprise Nonprofit or Blackbaud. Keep in mind that all versions of the software work only on Microsoft Windows, except for the OnDemand version, which also works on Macs.
Another benefit is that it offers mobile apps for Apple and Android devices, allowing users to manage accounting on the go. Our list of the best nonprofit accounting software, chosen for their features, usability, and reputations. As a digital software expert with a focus on financial management tools, I’ve spent years analyzing platforms that help teams stay compliant, efficient, and audit-ready. While I haven’t worked inside a nonprofit, I understand the unique pressure to stretch limited resources, coordinate across locations, and meet strict reporting standards without the luxury of time or IT support. But even with its extensive accounting features, QuickBooks’s nonprofit software still doesn’t have as many nonprofit-specific features as Sage Intacct and Aplos.