Introduction
Handling or being a part of a nonprofit organization has many unique challenges, especially in terms of accounting. Nonprofit organizations handle grants and contributions, create budgets, run reports, and complete tax forms and financial statements, among other things. Fortunately, nonprofits can make use of nonprofit accounting software to make accounting so much easier!
12+ Nonprofit Accounting Software
1. Sage Intacct
2. NetSuite
3. QuickBooks Online
4. Aplos
5. Blackbaud
6. MIP Fund Accounting
7. Accounting Suite by AccuFund
8. Argenta by Devscape
9. BUCS Fund Accounting
10. CommunitySuite
11. Denali FUND
12. Fastfund Nonprofit Accounting Software
13. FUND E-Z
What Is Nonprofit Accounting Software?
Nonprofit accounting software provides accounting tools, features, and solutions for nonprofit organizations. It covers almost all the hard accounting work and ensures that the organization meets all the necessary nonprofit accounting standards.
Benefits
Nonprofit accounting software is extremely easy to use and it automates a number of accounting tasks for nonprofits. Because of this, so much time, effort, and energy are saved. That energy can then be used to focus on what is most important: helping those in need.
Features
A few features offered by nonprofit accounting software include easy-to-use grant tracking and donation tracking software, contact management, invoicing, and expense tracking, among other excellent features.
Top 10 Products
1. Sage Intacct
Thousands of organizations put their trust in Sage Intacct to provide them with top-of-the-line accounting software, billing software, inventory management software, among other extremely user-friendly tools. Headquartered in San Jose, California and established in 1999, Sage Intacct has a company size of 501-1,000 dedicated employees who are willing to help you, and has a revenue of $129 million.
2. NetSuite
NetSuite has the perfect CRM software and accounting software for nonprofit organizations. Headquartered in Austin, Texas and founded in 1998, NetSuite has around 10,000 employees and a revenue of $2 billion.
3. QuickBooks Online
Change the way you handle your nonprofit accounting systems with QuickBooks Online. With smart QuickBooks Online tools such as reports, invoice software, and records management software, you can run your business on your terms. QuickBooks Online has a revenue of $1 billion and around 7,000 employees.
4. Aplos
Receive intuitive accounting software for nonprofits from Aplos today. Aplos accounting software will forever change the way you handle your accounting tasks–for the better, of course! Headquartered in Fresno, California, Aplos has a company size of 51-200 employees and an estimated annual revenue of $11.5 million.
5. Blackbaud
Blackbaud specializes in nonprofit software programs and will do what it takes to meet your unique needs. Headquartered in Charleston, South Carolina, Blackbaud has a company size of 1,001-5,000 employees and a revenue of $900 million.
6. MIP Fund Accounting
Make better decisions and elevate your business with MIP Fund Accounting features. Get human resource management software, audit software, and the best accounting software for nonprofits. MIP Fund Accounting is a product of Community Brands, a company that has around 693 employees and an estimated annual revenue of $100.5 million.
7. Accounting Suite
Accounting Suite has top-of-the-line accounting software for nonprofits as well as HR software. Accounting Suite is a product by AccuFund, a company with 11-50 employees and an estimated annual revenue of $4.1 million.
8. Argenta
Don’t hesitate to get Argenta accounting software in order to improve your nonprofit organization. Argenta also provides customer tracking software and event management software, as well. Argenta is a product by Devscape, a company with 11-50 employees and a revenue of $1.3 million.
9. CommunitySuite
CommunitySuite is dedicated to maximizing the impact of the philanthropic community, supplying nonprofits with fundraising software, nonprofit bookkeeping software, and many other user-friendly software solutions. Community Suite is a product of Foundant, a company with 51-200 employees and an estimated annual revenue of $25.2 million.
10. Denali FUND
Denali FUND has quality fund accounting software for nonprofits. Denali FUND is a product by Cougar Mountain Software, a company with 11-50 employees and a revenue of $10.8 million.
FAQs
Are there any downsides to nonprofit accounting software?
A possible downside to nonprofit accounting software is the price; some software may be a little bit more on the expensive side. You may also have non-negotiable software features you are searching for, but another possible downside to nonprofit accounting software is the fact that it may be lacking in tools and features. Fortunately, these cons can be avoided! You just have to make sure you do sufficient research on the software providers you are considering.
What are other common nonprofit accounting software functions?
Nonprofit accounting software ensures the compliance of not-for-profit accounting standards, assists with the tracking of donations, gifts and grants, allocates funds to various programs, and supports nonprofit organizations with managing other types of transactions, like returns, sales cancellations, and exchanges.
How much does nonprofit accounting software typically cost?
Most nonprofit accounting software costs really depend on the software features or tools that are acquired. Software vendors sometimes create particular packages that widely vary in price. Other software requires monthly subscriptions that cost around $30 to $70 per month.
Conclusion
Get nonprofit accounting software in order to greatly improve the way your nonprofit organization manages its accounting operations. With this software, you will be empowered through all the tools and features the software offers and you will be able to reach more individuals who desperately need your help and support! Make use of nonprofit accounting software today.
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