Rather than managing sales and revenue, nonprofits have to manage donor contributions, fundraising events, grants, investment income, membership fees etc. A nonprofit organization can successfully best accounting software for nonprofits use certain QuickBooks products from Intuit. The solution can support tracking budgets by programs or funds, donor management, grant management, financial reporting, bank reconciliations, and more.

1. As our best small business accounting software, QuickBooks Online is a versatile and flexible accounting solution that can adapt to a nonprofit—we have a guide on how to set up QuickBooks Online for nonprofits.
2. Effective accounting helps a nonprofit accurately monitor and report on the use of these funds, ensuring compliance with donor restrictions and enhancing donor confidence.
3. Nonprofit accounting solutions provide organizations of all sizes the tools they need to manage income and expenses efficiently.
4. We included user reviews in our evaluation to incorporate actual user feedback.
5. The pricing for Financial Edge was not readily available on the website, but Financial Edge has a 4.2-star rating on Capterra.

Cloud accounting makes it easier for additional authorized users to access the information. In addition, nonprofits have to adhere to rules and regulations that can change quickly. Cloud software can be updated regularly to keep up with the latest changes. The first step to meeting spending restrictions is knowing where every penny is allocated. For any government entity, GASB standards actually require that accounts are kept on a fund basis.

QuickBooks Enterprise Nonprofit: Best for large, growing organizations

The finances are a mess, you’re struggling to understand how much money you can spend and people are complaining that they don’t get reimbursed when they pay for things on the organization’s behalf. You get a flurry of donations once or twice a year, from a benefit party or annual dues and you want people to be able to pay simply and quickly with their credit cards. You can try ACCOUNTS for free for 60 days, and you can download the free version online. If you’re not satisfied with your purchase and no longer intend to use it, the company will give you a full refund. Fund accounting is used specifically by organizations that manage money but don’t turn a profit.

Best Accounting Software for Nonprofits

Nonprofits are accountable to their stakeholders, including board members, donors, beneficiaries, and the public. Accurate and transparent reporting is vital for demonstrating responsible stewardship of resources, maintaining credibility, and building trust. We included user reviews in our evaluation to incorporate actual user feedback.

Blackbaud Financial Edge NXT

You can eliminate repetitive tasks that run up labor costs such as sending recurring invoices to contractors, sending payment reminders, categorizing transactions and auto-charging cards for recurring transactions. Demos and trials allow you to evaluate the usability, functionality, and interface of the technology. You can also involve key stakeholders during this evaluation process, to gather more input and ensure every need is being met.

Is there a nonprofit version for QuickBooks online?

Monitor project progress, track applications, and allocate resources, all from a single platform. The Tipalti Microsoft integration enables a nonprofit to streamline AP automation, accelerate global payouts, simplify procurement processes, and optimize employee expenses. FreshBooks is primarily designed for small businesses and self-employed professionals. It’s an accounting and invoicing platform that also offers features suitable for a nonprofit.

Aplos is our overall best nonprofit accounting software because of its versatility and flexibility in offering nonprofit- and accounting-specific features. QuickBooks Online is a good pick if you want a web-based accounting software that’s easy to share with an external bookkeeper. However, QuickBooks Premier Plus 2023 is our recommendation if you prefer desktop-based software with built-in nonprofit accounting features. We selected the top seven accounting software companies for nonprofits after reviewing 20 different well-known companies. We evaluated each accounting software program based on its features, pricing, ease of use, and customer reviews on Capterra.