Best Accounting Software for Nonprofits of 2023

Gusto is an accounting tool that focuses on streamlining payroll and tax filing workflows for non-profit organizations. The platform is built with user-friendly features and an easy-to-navigate interface that allows businesses to send mass payouts to their employees, whether they are working remotely or on-site. The software is also designed with robust security features to protect the financial data of non-profit organizations. We selected QuickBooks Online as the most user-friendly online accounting software for nonprofits on our list, even though it’s not exclusively designed for this sector. Its versatility shines in its adaptability to the unique requirements of small nonprofit organizations.

This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. With 256-bit SSL encryption, rest assured that your organization’s financial data is secure. Furthermore, Sage Business Cloud Accounting offers two free licenses to nonprofits. The Sage Foundation also provides a 50% discount on subsequent user licenses. However, if your organization has more complex requirements than what the free package offers, the paid subscriptions are affordable still and would not break the bank.

QuickBooks discounts for nonprofits

It offers a variety of features that can help you track your finances, manage your donors, and create reports. Sage Intacct is a cloud-based accounting software that is designed for businesses of all sizes, including nonprofits. NetSuite is a cloud-based accounting software that is designed for businesses of all sizes, including nonprofits. The best accounting software for nonprofits should offer nonprofit-specific features like fund-based accounting, donation tracking, and Form 990 generation. Xero is a cloud-based accounting software that is designed for small businesses and nonprofits.

Unless you’re a power user or an accountant, business accounting software can be difficult to use. This is most apparent at smaller, volunteer-run nonprofits that “do the books” manually or with Excel spreadsheets. Cloud-based nonprofit accounting software solutions are far more user-friendly than their previous counterparts, enabling users to tap into easy-to-use web-based interfaces to carry out their accounting work. Wave’s free invoicing tools offer the ability to send customized and branded invoices and automated payment reminders. You can also accept credit cards, bank payments and Apple Pay from invoices. Its free accounting tools offer income and expense tracking, reports (such as overdue invoice reports) and a reporting dashboard.

Sage Business Cloud Accounting

Plus, TaxAct offers free federal and state returns for all active-duty service members through the TaxAct military landing page. While TaxSlayer is highly rated by users, tax filers should be aware that only the most expensive tier offers tax advice and assistance from a professional tax preparer. All versions do, however, offer free technical support via phone or email.

• We consider it a powerful accounting application for medium-sized nonprofits because it provides end-to-end solutions for managing donors and members.
• The company was founded by the treasurer of a religious finance committee because he had difficulties finding software that met his needs.
• Then, ZipBooks machine learning will auto-categorize transactions for you—saving you time and manpower.
• You can also accept credit cards, bank payments and Apple Pay from invoices.
• In case you are starting afresh as a nonprofit business and wondering how to document funds and expenses meticulously, you probably need to look for an accounting system for your organization.

Sage Intacct comes equipped with all the features nonprofits need to save time doing administrative tasks so they can focus on more important matters. For instance, this nonprofit budgeting software lets you automate fund, grant, revenue, and billing processes. We voted Wave Accounting as a good free option for nonprofit accounting, valued for its cost-effectiveness and user-friendly interface.

Here’s the 7 Best CRM Software for Nonprofits to Streamline Your Organization

Additionally, Sage Intacct’s real-time reporting tools provide critical insights for effective program and resource planning. We particularly appreciate its dynamic CRM, which efficiently tracks and engages with members and donors. Aplos also nonprofit bookkeeping services offers us over 70 types of financial reports, making organizational performance assessment straightforward. Zoho Books integrates well with several major online payment gateways, such as Stripe, PayPal, Authoize.Net, Payflow Pro, and Square.

Through the software, non-profit organizations can effortlessly maintain a comprehensive, searchable database of vendors. Users can also attach files and contracts to each vendor, along with renewal notifications, for added convenience. Moreover, Tipalti Approve has a built-in data enrichment service for adding labels and tags to vendors for easier searching. That said, here is the list of the best 20 accounting software for nonprofits you can implement in your institution. 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.

The 8 Best Accounting Software for Nonprofits in 2023

Before you invest in the best accounting software, check if the platform allows you to accept donations in multiple currencies. The fund accounting software provides you with different reports that allow nonprofits to manage their operations. Examples include donation reports, profit/loss reports, transactions reports, and expense reports. While there are dozens of easy-to-implement accounting software options available on the market, they are often pricey. You may not want to invest in an expensive accounting solution, especially if you are just getting off the ground.