QuickBooks allows you to tailor its features to fit your The Key Benefits of Accounting Services for Nonprofit Organizations organization’s needs. Maybe you’re currently using QuickBooks Desktop Pro or Premier, and you need more flexibility to get more done, more quickly. Or maybe you need more capacity to add more customer, product, or vendor information.
Best (Overall) for Donor Management
It provides all the financial management tools you need to track donations, manage grants, and stay compliant with regulations. With Aplos, you can simplify your financial processes and showcase transparency to your stakeholders, making it easier to focus on your mission. That being said we consider that’s this the best choice for nonprofits, if your priority is donor management. Rather than track how much profit is earned like small businesses, nonprofit organizations track how money is spent. QuickBooks makes it easy to allocate revenue and expenditures to specific funds or programs, automatically allocates overhead to programs, fundraising, general, and administrative expenses for you.
Awesome San Francisco Nonprofits Impacting Urban Life
When we contacted a sales representative for a starting price, we were told there is no set starting price as each solution is uniquely catered to the NetSuite client. Financial management is easy with QuickBooks fund accounting software. Connect your bank and get instant updates for expense tracking and cash flow.
- Its free plan offers unlimited income and expense tracking, key reports such as Profit and Loss reports, the ability to add unlimited collaborators, cash flow tracking and an intuitive dashboard.
- Otherwise, it is best to find a program that was made for churches and nonprofits.
- Other features you may want to consider include whether the software has a mobile app, how good its customer service is and how well it does with accounts receivable (A/R) and financial reporting.
- Quicken is best for very small nonprofits that do not have employees for whom they have to process payroll.
- When we contacted a sales representative for a starting price, we were told there is no set starting price as each solution is uniquely catered to the NetSuite client.
Quickbooks Enterprise for Nonprofits
QuickBooks Desktop Payroll requires a supported version of QuickBooks Desktop Enterprise Diamond updated to the most current maintenance release. QuickBooks Desktop Enterprise supports over 100,000 employees, customers, vendors and other names combined. However, performance may slow when processing files containing more than 250 employees. Xero’s highly customizable and in-depth reporting tools make Xero stand out. By tracking categories, you know if funds are being allocated to the right projects based on donor intent.
Sage Intacct is best for global nonprofits that must work across currencies and tax codes to manage their financials. Quicken is best for very small nonprofits that do not have employees for whom they have to process payroll. Nonprofits rely on accurate, timely financial information throughout the year.
- On the other hand, large organizations may prefer an option like AccuFund that has employee management features as well.
- Quicken and QuickBooks are two popular accounting software programs.
- QuickBooks for Church offers the ability to tag donor dollars for a committee, program or worship fund.
- Realm offers 30 customizable church- and ministry-specific report templates.
- Features like class tracking and fund accounting can help you accurately record revenue and expenses.
- Because your organization by definition can’t turn a profit, its goal in using QuickBooks is different from that of a business—to ensure accountability in financial management rather than to track profitability.
- Finally, the software’s CRM helps you get to know and retain donors via targeted engagement to keep your cash flow healthy.