You can export reports to MS Office applications with just a few clicks, making them easily shareable with board members. Aptean gives access to general ledger, accounts payable, and payroll applications, and has the fund accounting features frequently requested https://www.bookstime.com/nonprofit-organizations by nonprofit organizations. But if you require more than five users, the Advanced plan might be a better fit. This plan comes with a nonprofit chart of accounts that gives you insight into your assets, expenses, and revenue, including revenue from donations.

On the other hand, NonProfitPlus doesn’t list any pricing on its site—as with Sage Intacct, you have to get in touch with a representative for a quote. Customers report paying more than $600 a month for NonProfitPlus’s full suite of features, so if you’re looking for affordable nonprofit software, NonProfitPlus probably isn’t it. Since QuickBooks was also made for non-accountants, it’s easy for first-time nonprofit bookkeepers to get a handle on nonprofit finances. Plus, QuickBooks’s mobile accounting app is at least as user-friendly as its software—so if you plan to do a lot of on-the-go donor management or financial tracking, QuickBooks is one of your best options. Instabooks Instabooks nonprofit expense tracking software and app is designed for nonprofit and non government organizations. Record and keep track of daily nonprofit spendings and expense transactions using simple voice commands then let Instabooks automatically categorise them in expense related accounts accurately.

Xero for Nonprofits

Instabooks nonprofit online payment is designed for nonprofit and non government organizations. Receive instant donations, funds and grants for your nonprofit projects from donors by accepting online payments. Created to help businesses automate their entire financial processes, Invoiced can be an equally effective tool for non-profits for managing funds and automating other accounting tasks. This cloud-based accounts receivable software supports multiple currencies so that receiving donations from overseas is not a problem. The platform combines the power of four interconnected modules in one — Invoice-to-Cash, Payment Plans, Subscription Billing, and Customer Portal — so accounting workflow becomes easy and seamless.

• It can be a nonprofit organization’s valuable asset, as it is a robust platform that has numerous capabilities.
• Other services, like online donation acceptance, website management, and course registration require additional fees.
• Nonprofit accounting and bookkeeping is not an easy or fast task, but the success and stability of your organization rely on knowing where your money is coming from, where it’s going, and how much there is.
• To streamline payroll and tax compliance processes even further, Gusto also automates payroll calculation, bill payments, and submission of a company’s payroll taxes.
• For over 20 years, Fund E-Z has provided superior customer service to nonprofits of all shapes and sizes.
• Another perk of this small nonprofit accounting software is that it’s very easy to use, so you can onboard the system in a matter of a few hours.
• In addition, as you build new global entities, you can seamlessly add them to the software.

The software consists of four modules, which offers a lot of flexibility for companies and organizations when it comes to choosing apps they would like to implement in their AP processes. For example, the utility bill payment module is suitable if you are looking for a way to reduce the burden of capturing, receiving, and paying utility invoices. It has automated consumption analytics and payment processing so your AP staff can take some of the manual and repetitive tasks off their shoulders. One of the main features of Tipalti Approve is that it organizes purchase request processes.

How to Choose the Right Nonprofit Accounting Software

These time-consuming tasks, as essential as they may be for funding your charitable activities, also take the focus away from more important actions. Hence why finding the best nonprofit accounting software could be of great help to your organization. Built by volunteers, for volunteers, MoneyMinder’s simple accounting software for nonprofits has exactly the features you need. Their software is designed to meet the highly specialized needs of nonprofit organizations accounting for contracts and grants.

• Then, access your data from any device or operating system, enjoying the flexibility of cloud accounting without the headache of monthly and hidden fees.
• There are numerous core features and additional modules can be purchased and integrated with ease, specifically their K-12 school board software.
• These are but the key Freshbooks benefits; the app goes a long way in terms of ease of use and pricing.
• For example, the cost for two users to remotely access the Diamond plan is $3,572.40.
• You can get a Pro subscription if you want a complete suit for your nonprofit agency.
• Designed by CPAs, FastFund Accounting features true fund accounting and functional accounting, allowing you to report on funds, programs, grants, and projects.
• Tools include those for accepting donations, tracking time, project management, and team collaboration among others.

Check out our list of the top charity auction services to find the perfect software to help your organization host a stellar event. No price details are listed on OneNFP Financials’s site, but they do take advantage of Microsoft’s charity program and pass on the savings to their nonprofit clients. The software is powered by Microsoft Dynamics, which means that all of your nonprofit’s information is bookkeeping for nonprofits stored in the Microsoft Cloud. Packages range from $25 a month to $120 a month depending on a nonprofit’s needs. The “most affordable” tool is identified based on the lowest pricing a vendor offered on their website in terms of cost to upgrade as of May 02, 2022. Daniel Epstein is a senior financial research analyst at FinancesOnline and the architect behind our Fintech and ERP content division.

FreshBooks: best fund accounting software for nonprofit for expense tracking

Selecting the best free accounting software for nonprofits can be overwhelming at times, especially with so many options available on the market. Here is a list of some important questions to ask before making your final decision. Nonprofit organizations are known to manage huge amounts of expenses. Zoho Invoice helps address this by allowing for invoice tracking so that users are constantly updated regarding expenditures. Mission time can likewise be tracked using the app’s time tracker and projects added to the system with time spent on them tracked individually.

• And while the tool itself provides security for various workflow processes, it also tightens the security measure around your signatures and documents.
• It’s important to note this is a Windows® only option, and it is not cloud-based, which may prove challenging for those who work from home or remotely.
• Here we’ll explain the best accounting software for nonprofits and discuss top features and functionality, pricing plans, and pros and cons of each software.
• Since its launch, it has become a household name, earning over $7.7 billion in revenue in 2020.
• By this time, you should be able to find the right accounting platform for your nonprofit.

Aplos will send you a weekly cash management summary and monthly financial statements to guide your financial health. All donations given online are tracked by donor and purpose with zero work required. Tax-deductible gifts are tracked by individuals or households so you can quickly prepare monthly, quarterly, or annual giving statements with a single click.

Choosing the Best for Your Nonprofit

If you upgrade to the Gold, Platinum, or Diamond plans, you can even get payroll services for your organization and pay your staff directly through QuickBooks. There are also several software solutions available that enhance your accounting, streamline your processes, and improve your overall experiences. Fastfund Nonprofit Accounting Software is a cloud-based software for small to medium nonprofits and small government agencies. Xero also excels at accounting basics that can keep your nonprofit’s budget on track, including thorough financial reporting and expense tracking.

The tool effectively cuts costs, improves accountability, and ensures accurate financial management for all types of nonprofits. This helps organizations keep their focus on their missions as they are freed from the complexities that come with financial management and accounting. 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. That’s where our review of the best accounting software for nonprofits comes in!