Zeffy offers free AI-powered tools to find tailored fundraising ideas for your nonprofit, with personalized suggestions to match your goal and audience. Zeffy also brings AI to the table to surface tailored grant opportunities that match your organization in a quick search. Qgiv’s social sharing capabilities further enhance its P2P fundraising strength, enabling fundraisers to share their pages across various social media platforms, thereby reaching a wider audience.
Key focus areas include tracking diverse revenue streams, managing program-specific expenses, and preparing Form 990s. Accurate financial stewardship is crucial for nonprofits to maintain both their tax-exempt status and their donors’ trust. There are many accounting software that offer ease of use and support for nonprofit-specific needs like fund accounting and donation tracking. But if you want more robust and scalable accounting software, opt for NetCash or NetClose. These solutions offer real-time cash management with automatic reconciliation for bank transactions and automated month-end processes.
- It features customizable donation forms but limits free users with fewer integrations and support options.
- Compare features, pricing, and reviews to find the best fit for your nonprofit.
- While the Unified Chart of Accounts (UCOA) offers a standardized template, many small to mid-sized nonprofits benefit from a customized COA that aligns with their specific needs and reporting requirements.
What is the best accounting method for nonprofit organizations?
However, the system lacks some industry-specific features of fund accounting solutions like fund segregation, grant tracking, and donor relationship management. Sage Intacct offers a wide array of core accounting applications, including general ledger, accounts payable and receivable, cash management, and order management. Additional functionalities such as built-in dashboards, real-time reporting, and revenue management, make it an ideal choice for organizations needing advanced financial management capabilities. NetSuite is another widely used ERP system among nonprofits, despite not being a specialized nonprofit software. Its strong financial capabilities include a chart of accounts, budgeting management, tax setup, expense allocations, and bank reconciliations. These features enable nonprofits to manage and track both restricted and unrestricted funds properly.
How does a nonprofit software assist with compliance and reporting requirements?
Accounting solutions can make maintaining your nonprofit organization’s finances smoother, more accurate, and more predictable. Online accounting systems provide software solutions that help organizations manage and maintain their bookkeeping and accounting with less questioning and stress at the end of the month. Relying on donations and grants means funding for nonprofits can vary drastically from month to month.
What real users say about Zeffy’s fundraising
- Its strengths include automated payroll processes, real-time cash flow management, and the ability to invoice donors and sustainers efficiently.
- The software provides robust capabilities for managing multiple funding sources and creating and managing budgets.
- Many nonprofits find that outsourcing provides the best balance of insights and affordability, especially when working with a firm that understands the nonprofit sector’s unique challenges.
- As a nonprofit professional, your strengths are likely fundraising, managing volunteers, and working with beneficiaries.
- Sage Intacct offers a wide array of core accounting applications, including general ledger, accounts payable and receivable, cash management, and order management.
Unlike many platforms that lock key features behind tiered plans, DonorSnap uses flat-rate pricing based solely on the number of contacts or donors in your system. With unlimited users included, your cost only increases as your donor base grows—making it an ideal choice for organizations that want full functionality without unpredictable add-ons or surprise fees. DonorSnap earns its spot by offering transparent pricing that gives unlimited user access to its entire suite of features. It includes customizable thank-you letters, integrated email marketing, volunteer tracking, event management, and custom online donation forms. A part of the Abila family, the solution is a great compliment to Abila MIP Fund Accounting, one of the top financial management solutions on the market. Using both provides a fully integrated method of tracking budget progress and donor data.
You need a better business foundation
GiveSmart offers an online silent auction tool with mobile bidding to help nonprofits meet their fundraising goals. Donors can bid for items right from their phones, complete with searchable categories and a self-checkout portal. Also, users will receive real time notifications during the auction, so they’re always up to date on their bid status. This gives 8 best accounting software for nonprofits your top donors easy access to your silent auctions, helping you drive engagement.
The Database
In for-profit businesses, a customer relationship management (CRM) tool, intended to build and strengthen the relationship with clients. For nonprofits, those clients are instead organization members, volunteers, and donors. Rather than investing in a full CRM, this contact management is usually accomplished through organizing easy ways for donors to contribute online or in-person at events. Their fundraising and event management plan offers unlimited users and diverse fundraising tools, including silent auction and bid management. There’s also the Donor CRM, which you can purchase individually or in one full suite. Unfortunately, the prices are not listed publicly, so must receive a custom quote.
New customers can take advantage of promotional pricing at $59/month along with a 15-day try before you buy to explore the platform. Raiser’s Edge offers numerous customizable reports and dashboards to monitor fundraising performance, donor behavior, and campaign effectiveness. However, pricing information isn’t publicly available, so you are required to contact the sales team for a quote. Additionally, those unfamiliar with fund accounting may find the system challenging to use or have a steep learning curve.
Top nonprofit accounting consultants
Since most of your nonprofit’s staff will be familiar with Microsoft’s products, using OneNFP Financials is a natural and easy next step for your accounting software needs. Features of their software include reporting and budget checking, management of restricted funds, flexible deployment and licensing, and scalability. Although nonprofits enjoy tax-exempt status, they still face significant filing requirements. The term “overhead” has historically carried negative connotations in the nonprofit world.
Realm offers three plans — Inform, Connect, and Multiply — but there’s no pricing information on their website. NetClose also supports audits and compliance by enabling the automatic posting of journal entries to your general ledger, eliminating manual data entry tasks and increasing financial accuracy. Compare the best free and simple event registration platforms built for small teams and the only zero-fee option. Free plans offer limited security, automation, advanced workflows, reporting, and more.
It also features a user-definable chart of accounts that defines funds, cost centers, and accounts. Powerful reporting capabilities produce custom reports to meet all your fiscal requirements, including multi-year reports, budgets, and reports that comply with FASB 116 and 117. This flexible structure enables you to manage and report on multiple cost centers at the general ledger level, including multiple organizations, funds, projects, grants, programs, departments, locations, etc.
Free automation nonprofit software
Look for automation capabilities to handle routine tasks like transaction recording and financial report generation. The checks and balances that nonprofits need to ensure that every donation is recorded accurately and consistently. As you seek ways to reach a broader audience of potential donors who can support your goals, free tools are at your disposal. The free plan restricts admin tools as well as access to security features, a larger volume of checklists, and storage. Canva also boasts a 4.7/5 rating on Capterra and is ideal for creating social media graphics and marketing materials without requiring a design background.
Nonprofit accounting focuses on fund accounting, which involves tracking revenues and expenses across different programs or activities. Document incoming funding (donations and fundraised money) throughout the year. Also track outgoing funds such as salaries, wages and other business expenses, and break them down by month. QuickBooks offers a discount on its QuickBooks Online software through TechSoup.