Nonprofit Accounting Software Solutions for 2022 Top 8 Picks

You can pay employees through direct deposit or check, allocate money for taxes, and file quarterly payroll taxes. QuickBooks integrates with several apps used by nonprofits including Kindful. If you use these apps as part of your fundraising campaigns, you can sync the data and import transaction details to streamline your reporting.

Now, let’s dive into the user experience by exploring a positive and negative review posted by random users on GetApp. Among all the features that Sage has to offer, the below-mentioned are the top 3 worth listing. In this section, we explored GetApp to learn about the experiences of users who have had first-hand experience with Freshbooks. For neutral evaluation, we took one positive and one negative review posted by the users. If you quickly browse through the Sage Intacct website, you’ll find plenty of success stories and case studies of how this software helped various nonprofits.

Araize FastFund Accounting

This helps the non-profits to manage the cash in hand efficiently and keep a record of project funding and other receivables without any hassle. This feature comes in handy for managing funds and allotted resources to an intervention or a project. It makes Sage Accounting one of the preferred solutions for the non-profits that are either partially or fully funded by the donors for running operations seamlessly. Xero facilitates organizations with bank connections – allowing them to manage and reconcile statements with ease. You don’t have to upload bank data manually, all you have to do is sync accounts and you’re done. The tool also facilitates you with automatic bank feeds to keep you updated with the financial happenings.

• The higher tier package comes with invoicing, cash flow management, and accrual entries.
• Nonprofit organizations are known to manage huge amounts of expenses.
• The products below are listed according to the volume of ratings and reviews from nonprofit users each product has.
• This version of QuickBooks allows you to accept donations and securely store donor information in your database.

This helps non-profit organizations avoid the busy work of bookkeeping and focus on their organizational goals instead. Paychex comes with robust payroll tax service tools that allow https://bookkeeping-reviews.com/ you to simplify tax administration. These tools include the capability to accurately handle payroll tax and automate payroll tax payments and filing with the right agencies.

Nonprofit Accounting Solutions

The flexibility to choose add-on modules directly related to your needs enables your nonprofit to grow and expand software features as needed. Plus, their reports are built to be FASB compliant for easy auditing as your organization grows. No matter the size of your nonprofit, you’ll be able to utilize this software. NonProfit Plus is designed to work for a wide variety of organizations thanks to its unique modules and suites.

• Depending on your specific type of nonprofit, the Nonprofit Plus Accounting Suite has additional features to meet your needs.
• Sage Intacct is best for mid-size nonprofits looking to perform high-level expense/transaction/asset tracking, processing, and reporting in a centralized, cross-departmental function.
• In this section, we will explore the average rating earned by ZarMoney’s accounting solution based on its performance.
• A handy solution but not suitable for medium or large-sized companies.
• Internal controls are overseen by powerful robotic process automation (RPA) technology for additional safety to nonprofit organizations.

The tool doesn’t charge any, hence, it only facilitates a single user access per subscription. However, the solution comes in handy for automating accounting workflows for small projects. This is a handy feature for non-profits or project-based organizations as it helps companies manage accounts of ongoing projects and their corresponding activities with ease. Recording and managing financial transactions for multiple projects can be a hassle.

The Best Accounting Software for Nonprofits

The company has recently added project management and enhanced expenses, mobile bill-tracking, HubDoc integration, better navigation, Gusto payroll tool partnership, and other features. You can access the details about new features and improvements on the company’s blog. Sage Business Cloud Accounting is a cloud-based https://bookkeeping-reviews.com/the-10-best-accounting-software-for-nonprofits-in/ accounting and invoice management software for small businesses. The software comes with core accounting, expense management, project accounting, and compliance management. Such a solution allows you to access your accounting application from any location as long as you have an internet connection.

We also considered price, ease of use, data security, types of plans, and customer reviews. We find that this nonprofit accounting software is especially beneficial for CFOs and controllers. We also prefer this accounting solution because it is a public cloud-based platform that is easy to deploy. Your employees even get better accessibility with the cloud storage. On the last spot of our recommendation list of the best accounting software, comes Wave Accounting another feature-rich solution to be considered by non-profits.