But if you want to accept donations (which you undoubtedly do) you can’t just sign up for Zoho Books. Zoho Checkout is free as long as you accept only 50 donations—ever, not per month. Clients that need unlimited donations in multiple currencies will need to add a $9 a month Zoho Checkout plan to their existing Zoho Books plan.
Also, get in touch with the companies to find out more details, as well as any deals they might have on pricing. To help start your search, we’ve rounded up the most popular options to create this list. We’ve also highlighted the major benefits of each and provided advice on the kind of nonprofit they might suit best.
Best Easy to Use Nonprofit Accounting Software: Quickbooks Online for Nonprofits
Unfortunately, donor management tools are very limited with MoneyMinder. For large nonprofit organizations that have significant accounting needs as well as employees and a large donor-base, Financial Edge can be an excellent fit and it’s our top choice for large organizations. Financial Edge is a product released by Blackbaud, a leading software company that caters to nonprofit organizations, educational institutions, and healthcare facilities. For large organizations that want enterprise-level accounting, Financial Edge is the clear choice.
Non-profits play a special role in people’s lives as well as in the economy, and they need access to the best software and tools on the market. When you’re busy getting organized and searching out funding, you don’t have a lot of time to process the contributions you’ve received. With 256-bit SSL encryption, rest assured that your organization’s financial data is secure.
Nonprofit accounting software runner-ups
This software will allow you to create a multitude of reports, but you may need to export some data in Excel to complete them. Didn’t find the best accounting software for nonprofits (specifically, your nonprofit) on our list above? See if one of these additional accounting software solutions for nonprofit treasurers and bookkeepers meets your needs. For over 20 years, MoneyMinder has been the nonprofit accounting software for volunteer-run groups of all types. This cloud-based tool was designed to be so effortlessly intuitive that you’ll finally be motivated to tackle your financial tasks instead of putting them off. Give yourself peace of mind that comes with accurate books and financial reporting ease.
Do NGOs need accounting?
So, keeping accurate records and reports of business activities and finances is crucial for an NGO accounting. Prepare appropriate financial statements: A nonprofit accounting also requires them to prepare financial statements to report their finances.
The accounting and invoicing features are free to use, while credit card and bank processing are charged per transaction. You can add payroll for $35 per month plus $6 per employee or independent contractor. Today’s leading accounting platforms offer standard security features such as data encryption, secure credential tokenization and more. While human error will always play some role in security breaches, bookkeeping for nonprofits you can be confident in your accounting platform when it comes to keeping your information safe. Within Sumac, you can see each donor’s history with your organization, including past donations and communications. Financial Edge also integrates with Blackbaud’s Raiser’s Edge, the gold-standard program for donor management and fundraising, so you can make sure your organization’s efforts are cohesive.
Free QuickBooks for Nonprofits: ZipBooks
All Xero plans offer reporting, payment acceptance, file storage, contact management, tax calculations and the ability to connect Xero to a bank account. Araize has over 30 years of experience delivering software solutions to nonprofit organizations. With Araize FastFund Accounting, you can get access to a complete cloud-based system. Because FastFund Accounting runs on the cloud, you can access it from any web browser on any device, including Mac, PC, or tablets.
- Aside from the abovementioned, Rossum also comes with an analytics and reporting system.
- Users can create custom reports and modify existing reports if needed.
- QuickBooks gives nonprofits the ability to perform basic nonprofit accounting functions.
- Zoho Books comes in two distinct pricing schemes starting at $2.5/user per month.
- For smaller organizations and charities with more basic accounting needs, QuickBooks has other plans that start at lower prices such $25 per month.
Through the software, managers can easily create simple request forms that employees can fill out and submit. With these forms filled out, Tipalti Approve initiates the right workflows so purchase requests are properly routed. Once these requests are approved, purchase orders are automatically https://www.bookstime.com/articles/do-i-need-a-personal-accountant opened and data is automatically synced with integrated ERP systems. Zoho Books might not be a nonprofit-specific software, but it can easily be fine-tuned to meet the needs of your organization. The software is user-friendly and intuitive, so you can set it up and get started very quickly.
OneNFP Financials leverages Microsoft charity pricing so that nonprofits get the most modern solutions at the most reasonable prices. File 990 helps nonprofit financial departments save time and money by facilitating the filing of tax forms. She helps small businesses identify the right software for their needs by analyzing user reviews for top-rated software products. Prior to Capterra, she worked as an assistant content manager at InfoEdge India Ltd.
You just review the transactions to ensure they are properly categorized and fill out any required fields. Connect your Bank, Square and PayPal accounts to MoneyMinder PRO to directly download transactions, saving you time and effort. Instabooks online bookkeeping software and finance app is built for charities. When it’s time to get an accounting professional to help, you’ll have a seamless transition.