MIP facilitates detailed tracking of restrictions on net assets and allows 8 best accounting software for nonprofits for the automatic allocation of costs across multiple cost centers. This is especially useful for government agencies that manage complex budgets and need to ensure accurate fund distribution. While the base NetSuite ERP is available as a “donation” to your nonprofit, the full nonprofit management capabilities require nonprofits to apply and purchase to the Nonprofit add-on. However, as a nonprofit, you receive discounted user license rates through the NetSuite Social Impact program. One huge benefit of Donorbox is that it’s easy to integrate with your organization’s existing website and even lets your supporters set up their own fundraising campaigns to raise money for you. Payment processing is also available through many methods, including ACH and SEPA bank transfers, Google Pay and Apple Pay, credit cards, and Stripe.
Others, like Little Green Light, may offer affordable entry points but scale in cost as your donor base grows. In contrast, systems like DonorSnap provide full access to all features at a flat rate, offering more transparency but with a paid-only model. Running a nonprofit involves all the hassle of a for-profit business with razor-thin budget margins. Paying excessive platform fees for different software solutions can take away valuable resources from your advocacy work. The fundraising software you choose should pay for itself by increasing donations, freeing up time by increasing operational efficiency, and improving donor satisfaction.
FastFund Online by Araize: Best cloud-based comprehensive nonprofit software for accounting, payroll, and fundraising
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! We’re breaking down what to look for in nonprofit accounting software, highlighting the must-have features that can boost your operational efficiency, and sharing our picks for 2025.
Legal compliance
While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. If none of the purpose-built accounting systems on the market fit the bill, expand your search into more general accounting SaaS products. These are top-notch accounting systems that are built for general for-profit use, but many nonprofits find them to be useful. And clean, clear financial records are key to making a doable, workable strategic plan. HashMicro is Singapore’s ERP solution provider with the most complete software suite for various industries, customizable to unique needs of any business. QuickBooks is not free for nonprofits, but Intuit offers discounts to eligible nonprofits through their QuickBooks Online service.
- Nonprofit software can provide step-by-step instructions for preparing and filing Form 990, including receipt of confirmation that it was accepted.
- You establish various nonprofit budget categories with expenses and revenues using the chart of accounts, usually called the nonprofit chart of funds.
- Customer support options, like online chat, technical support, and on-call training help nonprofits tailor accounting solutions for their financial management and compliance needs.
- While the donor retention rate for first-year donors may range from 21-29% (mentioned above), average donor retention rate is at 40-45%.
- Additional features include grant management, general ledger customization, inventory tracking, and project management, with optional advanced and team apps for expanded functionality.
The Best Nonprofit Software
But it should also offer charity and non-profit-specific accounting features, such as the ability to receive donations. Smaller organizations often opt for QuickBooks Online due to its affordability and user-friendly interface. Larger nonprofits may choose Blackbaud Financial Edge for its advanced features, inclusion in legacy nonprofit software, and nonprofit-specific functionalities. Proper training ensures your staff can fully utilize the software’s features. Invest in comprehensive training programs to maximize the return on your software investment. Even better, think carefully about the level of support your accounting software options offer before committing to a tech solution.
What real users say about Zeffy for events
- We chose it because it manages all kinds of constituent data such as donors, prospects, members, volunteers, foundations, alumni, and event participants.
- Wix is ideal for building e-commerce sites, particularly if you require a user-friendly platform to set up your online store.
- However, its cost and complexity might be prohibitive for organizations with limited resources or technical expertise.
- Realistically, you’ll be hard-pressed to find a free nonprofit software solution capable of proper donation tracking or membership/volunteer management without downsides.
- Fund accounting software provides an accounting approach to eliminate time-intensive workarounds necessary to make standard commercial packages work.
- The system includes a fully integrated platform that helps nonprofits recruit, schedule, communicate with, and retain volunteers.
The platform automates revenue recognition in accordance to GAAP standards, ensuring compliance with nonprofit accounting regulations. It also streamlines the allocation for funds across various special programs or locations. Additionally, Sage Intacct generates essential financial reports, including the Statements of Activities, Financial Position, Cash Flow, and Form 990 reports. With simple 1-click consolidations, the system provides visibility into your entire NPOs financials, including all entities, multiple currencies, and tax jurisdictions. Donorbox is great for new nonprofits with a free plan for organizations that raise less than $1,000/month.
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. This highly scalable system can support multi-entity operations, making it a valuable choice for larger nonprofits and government organizations.
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In addition to positive user reviews, MIP has received the Campbell Award for several years. This software is focused strictly on custom designs for your system to enable you to manage effectively, get timely information, streamline processes, and provide strong controls. CenterPoint Fund Accounting’s in-depth fund accounting is designed to help manage financial sectors’ financial activities, specifically government entities, nonprofit sectors, and educational institutions. With this feature, you can create, manage, and track budgets for various funds, whether grants or donations, ensuring that your funds are utilized according to legal requirements and donor intent. Araize is cloud-based accounting software so it could be great for a global or remote workforce. The company offers accounting, fundraising, and payroll services specific to nonprofits or small governmental agencies.
It’s a great way to build trust with new givers and retain strong relationships with regulars. If you’re looking for a nonprofit marketing software, check out our list of the top solutions to help your organization raise more. Nonprofits can easily stay in sync with their bank accounts, track their expenses, and send invoices. OneNFP Financials leverages Microsoft charity pricing so that nonprofits get the most modern solutions at the most reasonable prices. File 990 helps nonprofit financial departments save time and money by facilitating the filing of tax forms.
While these capabilities are critical to sustaining your charity’s mission, proper accounting keeps things running smoothly. Once you have chosen an affordable software and respective plan that includes the accounting features and functionality your non-profit needs, evaluate its more advanced plans. Determine if you are likely to be able to afford them and if they include the necessary features your non-profit needs as it grows. QuickBooks isn’t free for nonprofits, but significant discounts are available.