Nonprofit work is more than just soul-fulfilling work like community-building programs, heart-warming success stories, and world-changing missions. It’s boring stuff like operations and payroll and accounting—which means your accounting software needs to hit the mark, not just with numbers, but with solutions tailored to the nonprofitsphere. Because nonprofits have unique challenges around budgeting and compliance, it’s crucial to pick software that aligns with your goals. If choosing a financial management platform sounds overwhelming (or incredibly boring), read on!

• However, Sage Intacct is definitely on the pricy end of the nonprofit software spectrum.
• Are you a small nonprofit that wants to move beyond Google and Excel spreadsheets for tracking expenses?
• Blackbaud Financial Edge is the heavyweight champion of nonprofit accounting software, designed for large organizations with complex needs.
• Effective decision-making and stakeholder communication depend on access to clear, accurate, and actionable data.
• Remember to consider factors like your company size, budget, integration needs, reporting requirements, and the specific features required.

Abila MIP Fund Accounting

The reason behind this is its ability to provide an immediate https://www.bookstime.com/ and clearer snapshot of sales records. The cash flow statement records all the financial movements of cash, including the details of cash in charity. They cover operating, investing, and financing activities for this statement. Also called the Statement of Activities, the income statement shows revenues, expenses, and changes in net assets over a specific accounting period. Multiple categories of businesses use MoneyMinder, such as small-sized, medium-sized, and large-sized businesses, nonprofits, and freelancers.

• The system also handles delinquent taxes, making it a full-fledged solution for tax collection needs.
• Even better, think carefully about the level of support your accounting software options offer before committing to a tech solution.
• QuickBooks Enterprise has more accounting capabilities such as class and location tracking, customized reporting, a meticulous A/P and A/R process, and detailed inventory management features.
• Aplos was specifically created to address the unique accounting and management needs of nonprofits.
• QuickBooks is budgeting and accounting software designed to help nonprofits and small to mid-sized organizations manage their finances effectively.
• The Capabilities score measures supplier product, go-to-market and business execution in the short-term.
• Look for features like fund accounting, donation tracking, and reporting capabilities.

Take control of your nonprofit cash flow

A great example of accounting software for nonprofit organizations that offer a free plan is MoneyMinder. What makes it one of the best accounting software for nonprofits is that you get the option to integrate fundraising and payroll services into the system. This nonprofit accounting software system is one of the top choices because it also integrates with other essential tools, like payroll software, making it a comprehensive solution. With flexible reporting, you can track financial data by project, grant, or any custom category that fits your needs. MoneyMinder is the friendly neighborhood superhero of accounting software for nonprofits, designed specifically for volunteer-run organizations. It strikes a balance between the complexity of full-fledged accounting software and the simplicity (and risks) of spreadsheets.

What key features should I compare when evaluating Nonprofit Accounting Software?

AccuFund is a robust accounting solution designed for large nonprofits and government organizations that need powerful financial management tools. Whether gross vs net you prefer an on-premise or cloud-based system, nonprofit accounting software offers flexibility to fit your organization’s needs. Some offer essential budgeting and reporting tools, while others provide specialized nonprofit features like fund accounting, grant tracking, and donor management.

That’s why we considered giving price a significant weight to give more credit to account software programs that deliver great nonprofit accounting features at an affordable price. Ultimately, the best accounting software will empower nonprofits to make informed financial decisions and build trust among donors and stakeholders. You can easily create financial statements and reports using Wave accounting software. Conduct thorough research on every software solution available in your market. It’s important, however, to always look for reputable vendors with a track record of serving nonprofits and other organizations in the industry. NonProfitPlus includes fund management, grant management, program management, encumbrance accounting, budget management, and endowment accounting.

VADAR offers an integrated design where tax collection is woven into the fund accounting software. This integration allows for data imports from assessment databases, easy tax bill creation, and management of property assessments and taxable values. The system also handles delinquent taxes, making it a full-fledged solution for tax collection needs. Fund accounting software helps you better manage and report on multiple funding sources like grants and donations while ensuring compliance with specific restrictions or purposes. We’ve compiled a list of popular systems for various organizations to help you find the best solution. Wave offers a free accounting solution that includes essential tools for managing your nonprofit’s finances.

Best Accounting Software for Nonprofits in 2025

Accounting provides nonprofits with the information and tools to effectively manage their financial accounting services for nonprofit organizations resources. It allows companies to track expenses, income, and assets, ensuring that resources are used efficiently and in accordance with the company’s objectives and mission. Get insights into your business’s performance with our handy graphs, charts, and smart dashboard—no number-crunching or accounting degree needed.