If you work in the nonprofit sector, you’ll know that every dollar matters — and keeping proper track of that money matters even more.
Traditional accounting tools can fall short when it comes to sector-specific oversight, reporting, and compliance. So protecting your finances with the help of specialized nonprofit account software is vital for financial clarity and operational efficiency.
Why choose nonprofit accounting software?
With a dedicated platform, an organization can ensure everything from donor contributions to expense tracking is a seamless process:
- Increased accuracy: With automated donation tracking, mass donations of varying amounts are correctly logged without manual errors.
- Time savings: Leverage software to cut data entry down to minutes, freeing up time for other mission-focused tasks.
- Total financial oversight: Instantly create insightful reports to help plan budgets for the year ahead.
- Tailored compliance and reporting: Easily generate and customize year-end tax documents that comply with nonprofit-specific regulations, ensuring a smooth audit process.
- Streamlined fund management: Track and manage funds to ensure your organization is using them for their intended purpose.
- Integration capabilities: Seamlessly connect with donor-management tools to synchronize data for an integrated view of finances and donor relations.
10 best nonprofit accounting software applications
Finding a platform that combines all these benefits into one can be challenging. Luckily for you, we’ve done the hard work.
1. QuickBooks for nonprofits
- An intuitive and familiar interface with specialized features.
- Provides a full financial suite that includes specific nonprofit tools like pledge tracking and donor management.
- Ideal for scaling nonprofits that have experience with QuickBooks products.
- Offers an enterprise version for larger organizations.
- Pricing starts at $90 per month after a three-month promotion.
2. Sage Intacct
- A full-featured platform that emphasizes automation and comprehensive reporting.
- Enables grant tracking and reporting, real-time financial dashboards, and a dimensional chart of accounts.
- Ideal for larger nonprofits seeking in-depth financial analysis and automation capabilities.
- Pricing is quote based.
3. Gusto
- Streamlines HR tasks like payroll, benefits, and more.
- Doesn’t include all accounting features.
- Ideal for nonprofits seeking an all-in-one HR and payroll solution.
- Pricing starts at $40 per month for the software and $6 per month per user.
4. ACCOUNTS (Software4Nonprofits)
- Tailored specifically for the nuances of nonprofit management.
- Offers features such as True Fund Accounting, custom account charts, and seamless integration with its donation tracking software.
- Ideal for smaller nonprofits or those needing a no-frills approach.
- Pricing is $129 per year for local installation or $199 per year cloud-based.
5. Blackbaud Financial Edge NXT
- Built specifically for nonprofit fund accounting.
- Gives users granular control over their accounts, like the ability to create comprehensive financial management tools, as well as fundraising and donor-management capabilities.
- Ideal for nonprofits focused on donor relations and fundraising.
- Pricing is offered on a custom basis.
6. Sumac CRM
- A highly customizable solution integrated with accounting.
- Monitors donor and transaction records.
- Ideal for nonprofits looking to maintain rich donor relationships.
- Pricing starts at $49 per month.
7. Araize FastFund Online Nonprofit
- Offers a trio of solutions in one — fundraising, accounting, and payroll — specifically designed for nonprofits.
- Centralizes multiple jobs for streamlined operations.
- Ideal for nonprofits wanting an integrated organizational suite.
- Pricing starts at $45 per month with a free trial.
8. MoneyMinder
- A non-techy, user-friendly accounting platform.
- Features easy-to-read reports, simple tax prep, and day-to-day bookkeeping.
- Ideal for treasurers and volunteers with no accounting background.
- Pricing starts at $179 per year with a free trial.
9. Aplos
- Combines fund accounting tools with fundraising strategies, emphasizing transparency and simplicity.
- Allows users to track donors and their preferences, create custom lists, and organize contacts for enhanced donor management.
- Ideal for nonprofits focusing on outreach.
- Pricing starts at $99 per month with a free trial.
10. Serenic Navigator
- Built on Microsoft Dynamics 365, Serenic Navigator offers advanced financial management.
- Offers a complete ERP solution that integrates core functionality with tasks like accounting, grant management, payroll, and more.
- Ideal for larger nonprofits and non-governmental organizations.
- Pricing is offered on a custom basis.
Nonprofit accounting with Jotform
While Jotform is primarily known as an online form builder, it can be an effective tool for nonprofit accounting management. Here’s how:
- Donation and membership forms: Nonprofits can create customizable donation forms to receive funds directly through Jotform. Simply integrate payment processors like PayPal, Stripe, or Square.
- Expense reporting: Volunteers can fill out online expense forms, making it easier for the accounting team to track and reconcile expenses from anywhere.
- Event registration and payment: When hosting fundraisers or paid events, nonprofits can use Jotform to allow attendees to register and pay, making revenue tracking more straightforward.
- Budget requests and approvals: Department heads and project leaders can submit their budget requests through Jotform, facilitating a clear and organized approval process.
One of the game-changers for nonprofit accounting management is Jotform’s integration with QuickBooks. This integration automatically syncs every donation, expense, or payment recorded via Jotform — eliminating the need for manual data entry, reducing errors, and saving time.
Jotform also provides a 50 percent discount for nonprofits, further helping you control costs. Try Jotform for free today.
Photo by Kindel Media
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