Top 4 Accounting Programs for Nonprofits

Best Accounting Software for Nonprofits

With regards to nonprofits, typical accounting software just doesn’t work. Nonprofit organizations have very particular accounting needs, including the opportunity to handle grants and contributions, record volunteer time, create budgets, run reports for board advisors, complete specialized tax forms, and much more. Furthermore these businesses require specialized features, they’re also under special scrutiny from contributors and governmental agencies alike. Nonprofits require a software that may provide transparency where revenue and expenses are concerned.

At Merchant Maverick, we all know that although nonprofits need reliable accounting software, the women and men behind these companies ought to be available altering the planet, not stuck inside searching at accounting programs. That is why we’ve done hard meet your needs. We’ve spent hrs testing and researching the very best nonprofit accounting programs available and just the the best make the cut.

These four programs all offer several features and therefore are designed particularly with nonprofits in your mind. Each program meets the required nonprofit accounting standards and displays strong security. We’ve incorporated programs which are perfect for different sizes and types of nonprofits, so each business will find the accounting solution ideal for this. Cut back time handling the books and much more time creating a difference.

Table of Contents

Aplos

Best Accounting Software for NonprofitsAplos is really a comprehensive cloud accounting program for nonprofits and places of worship. The program has over 42,000 users from 20,000 different organizations. Aplos started in Belgium in ’09 and it is now utilized in 50 plus different countries, receiving strong testimonials overall. It features a solid status within the nonprofit world, and even for good reason.

Of all of the programs, I discovered Aplos probably the most visually appealing and well-organized. This program supports multiple organizations and it has free limitless phone and email support.

Features

Best Accounting Software for Nonprofits

Besides Aplos get things right when it comes to accounting, they likewise have lots of features to create nonprofits run more easily. This is a taste of the choices:

  • Fund accounting
  • Chart of accounts
  • Bank reconciliation
  • Journal records
  • Reporting
  • Manage contributions and donations
  • Customizable donations page
  • Recurring donations
  • Gifts
  • Contribution statements
  • Fixed assets or allocations
  • Tax support for 1099’s and 990’s

Prices

Aplos offers three prices plans: $25/mo, $40/mo, and $120/mo. Feature access varies by plan so make sure to visit Aplos’s prices page for details. Each plan only supports one user (along with a contact or donations manager) you can include additional users for an additional $15 – $80/mo (based on your plan).

Aplos offers donor management software, member keeper, and fundraiser software too.

Is Aplos suitable for me?

Aplos is really a superbly designed, robust accounting solution. The reduced monthly obligations allow it to be well suited for smaller sized nonprofits and places of worship looking for fundamental nonprofit accounting software. Bigger nonprofits will likely discover the software too feasible for their complex needs. Aplos isn’t well suited for companies in need of assistance of a lot users.

The robust features, strong security, and cost-effective prices get this to software great for nonprofits searching to handle their donations and expenses. To understand more about Aplos, request a demo or make the most of their free 14-day trial.

QuickBooks Online + Sumac

Best Accounting Software for NonprofitsBy itself, Quickbooks Online is a superb accounting program with beautiful invoicing, a chart of accounts, bank reconciliation, expense tracking, reporting, project management software, budgeting, and much more. However the program doesn’t offer any nonprofit-specific features. What it really has, however, is definitely an integration with Sumac.

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Sumac is really a in your area-installed nonprofit accounting solution founded on the phrase “do more good.” The program offers from CRM to pledges to course registration and much more. The awesome factor about Sumac is that you could personalize it to suit the requirements of whatever kind of nonprofit you take.

Features

Best Accounting Software for Nonprofits

With Sumac, you begin by buying the Fundamental CRM after which buying every other add-ons your nonprofit needs.The Fundamental CRM includes:

  • Managing contacts
  • Reporting
  • E-mail marketing
  • Donation management
  • Event management
  • Time tracking
  • Invoicing
  • QuickBooks Online integration

Listed here are the extra features that you could increase Sumac (note: prices of these add-ons vary see section below for more information):

  • Memberships
  • Volunteers
  • Grant management
  • Pledges
  • Ticketing
  • Reminders
  • Course registration
  • Forms
  • Tour booking
  • Proposals/Prospecting
  • Auctions
  • Sales
  • Auditions and submissions
  • Job search
  • Collection management
  • Awarding grants

Should you require something beyond these choices, you can buy a custom add-on too.

(Remember: You will not be hurting for features should you follow this path because all of these functions is going to be additionally towards the QuickBooks Online features.)

Prices

QuickBooks Online offer three prices plans varying from $15/mo – $50/mo. Make certain to think about it that you will need to buy a Sumac account additionally for your QuickBooks Internet account (Sumac alone doesn’t provide the accounting capabilities a nonprofit needs).

When the Fundamental CRM Sumac set of features is sufficient for you personally, you can buy it for $/mo, that is a steal. You can buy the Fundamental CRM plus two add-ons for $20/mo, or even the Fundamental CRM plus five add-ons for $400/mo. You are able to also calculate a custom cost for a variety of add-ons you select.

If you like cloud-based software over in your area-installed software, you are able to pay an additional $25/mo for any cloud-based form of Sumac.

Is QuickBooks Online + Sumac suitable for me?

We’ve given QuickBooks Online the title of Best Accounting Software for Small Companies. This program is simple to use while offering the strong accounting features most promising small to mid-sized companies need. For nonprofits already attempting to make QuickBooks Online work, Sumac is a superb addition that provides much-needed tools.

For nonprofits which don’t yet come with an accounting solution, Quickbooks Online with Sumac is a great solution if you want complex features like tour booking, course registration, auditions and submissions, etc. The disposable Fundamental CRM is enticing, however the other plans could possibly get a little costly. Sumac’s compensated plans aren’t well suited for nonprofits on a tight budget, especially thinking about the price of QuickBooks On the internet and the possibility price of making the in your area-installed program focus on the cloud.

That being stated, the benefit of Sumac would be that the software programs are incredibly customizable for your specific nonprofits’ needs—and QuickBooks Online helps to ensure that the accounting side is taken proper care of. To understand more about QuickBooks Online, read our complete QuickBooks Online review and make use of the company’s free trials to understand more about Sumac, have a tour from the software or plan a demo.

Blackbaud

Best Accounting Software for NonprofitsFirst founded almost 30 years ago, Blackbaud has already established a lengthy while to secure its name and status within the nonprofit accounting world. The organization offers a large number of different products created for various organizations and nonprofits. However the bread and butter of the nonprofit fund accounting is known as Financial Edge NXT.

Financial Edge NXT is really a cloud accounting solution for mid-sized nonprofits which is used by over 5,500 organizations. The program offers strong accounting and fundamental nonprofit features. The interface is superbly designed and well-organized. The organization also provides strong security and free phone support.

Features

Best Accounting Software for Nonprofits

Financial Edge provides several features and meets the accounting standards nonprofits need. A few of these features include:

  • Fund accounting
  • Chart of accounts
  • Bank reconciliation
  • Accounts payable
  • A / R
  • Journal records
  • 100+ customizable reports
  • Manage grants and allocations
  • Budgeting
  • Invoicing
  • Purchase orders
  • Track revenue and expenses
  • Project management software
  • Vendor management
  • Document storage
  • Fixed assets
  • Payroll

Prices

Blackbaud doesn’t openly disclose their prices information. What we should can say for certain regarding their prices is there are three plans, billed yearly, which begin at $99/mo per user. Certain modules could cost extra and implementation charges are additional too. Contact Blackbaud to get a quote.

Blackbaud also provides another nonprofit fundraiser and member keeper known as Raiser’s Edge NXT.

Is Blackbaud suitable for me?

Based on Blackbaud, their software is fantastic for mid-sized nonprofits which have a good sized staff and take care of $1,000,000+ in revenue every year (or are continuously growing to satisfy standards). The program is fantastic for users who require more features than Aplos, but aren’t quite big enough yet to pay for FundEZ.

Among the leading names in nonprofit fun accounting, Blackbaud delivers wonderful features. The issue of prices continues to be an enormous factor for a lot of nonprofits (and personally it appears shady in my experience they don’t readily share these details), however the features count phone minimum. To understand more about Blackbaud, attend a web seminar or contact their salesforce directly.

FundEZ

Best Accounting Software for NonprofitsFundEZ is probably the most complex and developed from the four programs. The program is becoming increasingly more developed since 1991. The organization takes pride in being completely current on nonprofit accounting industry standards. Whenever you join FundEZ, part of the FundEZ staff creates the program for you personally and trains yourself on this program you are able to relax knowing your chart of accounts and tax needs are 100% accurate and reliable.

Since FundEZ is really comprehensive, it will come in a steeper cost, however the options that come with the program cover just about anything you are able to consider. While complex, FundEZ uses intuitive organization and style so that you can discover the software faster. FundEZ also offers modules for State medicaid programs and Promote Care. Since FundEZ includes a State medicaid programs Billing solution, the program is susceptible to HIPAA laws and regulations, meaning it’s a few of the most powerful security and user permissions available.

Features

Best Accounting Software for Nonprofits

FundEZ provides an large number of features, even though some require yet another cost:

  • Fund accounting
  • Detailed chart of accounts
  • Bank reconciliation
  • A / r
  • Accounts payable
  • Journal records
  • Reports
  • Manage grants and allocations
  • Manage donations and pledges
  • Budgeting
  • Invoicing
  • Purchase orders
  • Gifts
  • Contact and vendor management
  • Write and print checks
  • Multi-currency support
  • Fixed assets (costs extra)
  • Fundraiser (costs extra)
  • State medicaid programs Billing (costs extra)
  • Promote Care (costs extra)

Prices

FundEZ comes both like a cloud-based product or like a in your area-installed program. The particular price of the program varies with respect to the quantity of users you’ve.

For that cloud form of FUndEZ, payments start at $225/mo. With this particular purchase, you’ll also receive licenses for Ms Word and Office. Users that like the in your area-installed route pay a preliminary fee $1,995+ based on their demands.  This cost includes limitless phone support and upgrades, but there is definitely an annual maintenance fee that starts at $495/yr.

Is FundEZ suitable for me?

FundEZ is fantastic for large nonprofits and nonprofits with complex accounting needs. This is among the only programs Personally i think truly helps to ensure that nonprofits have accurate accounts and therefore are meeting all federal nonprofit rules.

While these comprehensive features really are a huge plus, they are available in a steep cost, making the program an impractical solution for smaller sized nonprofits or nonprofits on the strict budget. The organization did say that almost all their users manage promising small to medium nonprofits, however this makes me question what their meaning of “small” is. The program can also be not well suited for nonprofits that need payroll.

Ultimately, FundEZ offers probably the most complex nonprofit accounting available and is worth the money should you prefer a strong chart of accounts and pristine accounting. To understand more about FundEZ, contact support for any demo or try out this program having a free trial offer.

Final Ideas

We all know that selecting software can be challenging, however, you can’t fail with these four great options. Ultimately, the choice can come lower that features your nonprofit needs and just how big your software finances are. Smaller sized companies may such as the benefit of Aplos, while bigger companies may require an answer like Blackbaud or FundEZ. However, you might be searching for any more customizable option like Sumac.

Whatever program you’re leaning toward, we recommend scheduling a demo or testing the program yourself prior to making any final decisions. Of course, you want the finest of luck during your search for that perfect software. Tell us which software you choose within the comments below, even (and particularly) if it is one we didn’t mention, and you can achieve by helping cover their any queries you’ve on the way.

Chelsea Krause

Chelsea Krause is really a author, enthusiastic readers, and investigator. Additionally to loving writing, she grew to become thinking about accounting software due to her constant need to learn something totally new and know how things work. When she’s no longer working or daydreaming about her newest story, she are available consuming obscene levels of coffee, studying anything compiled by C.S. Lewis or Ray Bradbury, kayaking and hiking, or watching The X-Files together with her husband.

Chelsea Krause

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