8 Best Accounting Software for Nonprofits

We’ve also highlighted the major benefits of each and provided advice on the kind of nonprofit they might suit best. However, this doesn’t mean this software would be a good fit for every nonprofit organization out there. Accounts by Software 4 Nonprofits is the best nonprofit software for small businesses with basic needs. Additionally, you can generate all kinds of financial reports and even share those reports with board members, donors, and volunteers.

Employee numbers are small for most nonprofits, so learning to do more with less is vital to the success of nonprofits. One way to increase efficiency is to free up time in how the organization receives its funding. This can be accomplished through automated accounts receivable software that sends out fee payment https://www.bookstime.com/ reminders to donors and members. Automated software also reduces the dependency on manual data entry and financial reporting errors. To rank the best accounting software for nonprofits, we first considered whether the software offered nonprofit-specific features, like donation tracking and Form 990 generation.

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MoneyMinder is a simple and easy-to-use online program that you can access anywhere. If you’re the treasurer of an organization, you can use the program to manage budgets, handle bookkeeping duties, reconcile bank accounts, and generate detailed reports. Right Networks uses top-tier data centers and multiple layers of redundancy within its infrastructure to provide 24×7 availability. However, availability can vary, is subject to occasional downtime and may change without notice.

Aplos stands out for its customer relationship management (CRM) component. 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. This free accounting program is a double-entry accounting program that is designed for users who are knowledgeable about bookkeeping practices.

Free Accounting Software Options for Nonprofits

Send your donors yearly donation statement with thank you letters attached. Nonprofits rely on accurate, timely financial information throughout the year. Here are a few items to watch closely each month on your nonprofit financial statements. Terms, conditions, pricing, features, service and support are subject to change without notice. Diamond includes all the features of QuickBooks Desktop Enterprise Platinum edition with the exception of Enhanced Payroll. Diamond also includes QuickBooks Assisted Payroll and QuickBooks Time Elite time tracking.

• You can easily track volunteer hours in relation to events, view reports by volunteer and events, evaluate events based on volunteer effort/time, and more.
• Large nonprofit organizations will be happy to hear the software offers grant accounting features.
• All these features make Aplos one of the best church accounting software and top software for nonprofits.
• This software will allow you to create a multitude of reports, but you may need to export some data in Excel to complete them.
• Plus, it has features that are specific to nonprofit organizations, making it easy for you to generate the documents you need for end-of-fiscal-year reporting or compliance.

If you’re interested in using payroll software, you can start a free 30-day trial when you sign up for Wave. With features like bill and invoice reminders, free bank connections, and receipt scanning apps, you can invest more time making a difference and bookkeeping for nonprofits less in your nonprofit accounting software. On our free Starter plan, ZipBookers can send unlimited invoices and manage unlimited donors and vendors. Then, ZipBooks machine learning will auto-categorize transactions for you—saving you time and manpower.