Bookkeeping Services for Nonprofits
- By Jordan Salas
- May 8, 2023
Our top picks
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As a nonprofit organization, you have accounting needs that are different from for-profit businesses.
You need the best accounting software that can track donations and expenditures, manage grant funding, and report to multiple stakeholders.
You also need an accounting partner that understands the unique challenges of the nonprofit sector.
5 Top Bookkeeping Services for Nonprofits
Blackbaud Financial Edge NXT
1
Blackbaud Financial Edge NXT is one of the best nonprofit accounting software that gives you the ability to manage your finances, donors, and grantmakers in one place.
This software makes it easy to see where your money is going, what your donor base looks like, and how much grant funding you have to come in.
With this information at your fingertips, you can make more informed decisions about where to allocate your resources.
Blackbaud Financial Edge NXT gives you the power to take control of your nonprofit’s finances and ensure that you are using your resources in the most efficient way possible.
Pros and Cons
The software provides a variety of features and tools to nonprofits, including financial reporting, accounts receivable and payable, grant management, and donor management.
Blackbaud Financial Edge NXT also offers a mobile app, which allows nonprofit organizations to access their financial data on the go.
While the software has many features and benefits, it also has some drawbacks.
One disadvantage of Blackbaud Financial Edge NXT is that it is a subscription-based software, which means that nonprofits must pay a monthly or annual fee to use the software.
In addition, the software is not always compatible with other accounting software for nonprofits, which can make it difficult for nonprofits to switch to Blackbaud Financial Edge NXT if they are already using another accounting software.
Overall, Blackbaud Financial Edge NXT is powerful nonprofit accounting software that offers a variety of features and benefits to nonprofit organizations.
However, the subscription-based pricing model and lack of compatibility with other software may be disadvantages for some nonprofits.
Blackbaud Financial Edge NXT pricing
Blackbaud Financial Edge NXT is priced according to the number of users.
For up to five users, the price is $5,495.
Up to 10 users, the price is $8,995.
Up to 15 users, the price is $11,995.
For 20 or more users, the price is $14,995. If you need enterprise pricing, please contact the sales team.
Prices are subject to change without notice. Discounts may be available for non-profits.
Education discounts are also available.
QuickBooks Enterprise
2
QuickBooks Enterprise is one of the best nonprofit accounting software that offers users several features and benefits.
The software includes a double-entry accounting system, which helps to ensure accuracy and prevent errors.
QuickBooks Enterprise also offers several reports and tools that can be used to track financial data and measure progress.
In addition, the software is designed to be user-friendly, with a simple interface that makes it easy to navigate.
For nonprofits, QuickBooks Enterprise can be an invaluable tool for managing finances and measuring progress.
With its robust features and user-friendly design, QuickBooks Enterprise is the perfect choice for nonprofit accounting.
Pros and Cons
One benefit of QuickBooks Enterprise is that it is designed specifically for nonprofit organizations.
As a result, it offers several features that are designed to meet the unique needs of nonprofits, such as grant management and donor tracking.
In addition, QuickBooks Enterprise is also scalable, so it can grow with your nonprofit as your organization expands.
However, there are some drawbacks to using QuickBooks Enterprise.
One drawback is that it can be expensive, particularly for small nonprofits.
In addition, because QuickBooks Enterprise is designed specifically for nonprofits, it may not offer all the features that businesses need.
As a result, it is important to weigh the pros and cons of QuickBooks Enterprise before deciding whether or not it is the right accounting program for your nonprofit organization.
QuickBooks Enterprise pricing
QuickBooks Enterprise pricing ranges from $1,400 to $4,700 per year, making it one of the more expensive accounting software options on the market.
However, it’s important to keep in mind that QuickBooks Enterprise is a much more robust solution than the other QuickBooks products, so the added cost may be worth it for businesses that need advanced features.
For example, QuickBooks Enterprise includes inventory management tools that help businesses keep track of stock levels and avoid overstocking or running out of goods.
It also offers advanced reporting features that give businesses greater insights into their finances.
In short, QuickBooks Enterprise may be pricier than other accounting software solutions, but it provides a lot more value for businesses that need its advanced features.
Sage Intacct
3
Intacct is nonprofit accounting software that enables organizations to manage their finances more effectively.
The software is designed to streamline the accounting process and provide users with real-time insights into their financial performance.
Intacct also offers several features specifically for nonprofit organizations, such as grant management and donor reporting.
As a result, the software is an invaluable tool for nonprofits of all sizes.
With Intacct, nonprofit organizations can better manage their finances and ensure compliance with government regulations.
Pros and Cons
The software includes tools for managing donations, tracking expenses, and preparing financial statements.
Intacct also offers support for nonprofit accounting standards, making it a good choice for organizations that need to comply with regulations.
However, the software can be expensive, and it can be challenging to learn how to use all of its features.
As a result, nonprofits should weigh the pros and cons of Intacct before deciding whether it is the right accounting solution for them.
Intacct pricing
Depending on the features and services your business needs, Intacct pricing starts at $400 per month.
This base price gives you access to core accounting features, including financial management, customer and vendor management, project accounting, and order and subscription management.
If you need additional functionality, such as advanced reporting or Dun & Bradstreet integration, you can add these features for an additional fee.
You can also tailor your subscription to include only the users who need access to Intacct, which helps to keep costs down.
Overall, Intacct offers a comprehensive suite of features at a competitive price, making it a good option for businesses of all sizes.
Abila MIP Fund Accounting
4
Abila MIP Fund Accounting software is a nonprofit accounting program that provides users with a complete set of tools for managing their finances.
The software includes a General Ledger, Accounts Receivable, Accounts Payable, and Budgeting modules, as well as a variety of reports.
It is designed to meet the unique needs of nonprofit organizations, and it integrates with other Abila products to provide a comprehensive solution for nonprofit accounting.
The software is easy to use and provides users with the ability to track and manage their finances in one place.
In addition, it includes several features that make nonprofit accounting easier, such as the ability to track grants and donations and to manage multiple funding sources.
Pros and Cons
Abila MIP Fund Accounting software is a nonprofit accounting program that is used by organizations to manage their finances.
The software includes a variety of features, such as the ability to track income and expenditures, create financial reports, and manage donor information.
While Abila MIP Fund Accounting can be a valuable tool for nonprofit organizations, there are also some potential drawbacks to using the software.
One issue is that the software can be complex to use, particularly for organizations that do not have experience with the accounting program.
Additionally, the cost of the software can be prohibitive for some organizations.
Overall, Abila MIP Fund Accounting is a versatile accounting tool that can be beneficial for nonprofit organizations, but it is important to weigh the pros and cons of using the software before making a decision.
Abila MIP Fund Accounting pricing
Abila MIP Fund Accounting offers a variety of pricing options to suit the needs of any organization.
Their subscription model means that you only pay for what you use, with no long-term contracts or upfront costs.
Additionally, they offer discounts for nonprofits and government organizations.
Their pricing is transparent and easy to understand, with no hidden fees or surcharges.
Whether you’re a small organization or a large enterprise, Abila MIP Fund Accounting has a pricing option that’s right for you.
Contact their sales team to learn more about their pricing options and how they can help you save money.
Netsuite Nonprofit Edition
5
The nonprofit accounting software from NetSuite is designed to help nonprofit organizations manage their finances and operations.
The software includes features for donor management, grant management, and financial reporting.
It also integrates with other NetSuite applications, such as the customer relationship management (CRM) system.
The nonprofit edition of NetSuite is a cost-effective way for nonprofit organizations to get started with the software.
The nonprofit accounting software from NetSuite is an essential tool for nonprofit organizations.
It helps nonprofits manage their finances and operations, and integrate with other NetSuite applications.
The nonprofit edition of NetSuite is a cost-effective way for nonprofit organizations to get started with the software.
Thanks to the nonprofit accounting software from NetSuite, nonprofits can save time and money while still getting the features they need.
Pros and Cons
One key advantage of Netsuite is that it integrates all areas of nonprofit accounting, from grant tracking to donor management.
This can save nonprofits a great deal of time and money, as it eliminates the need to use multiple software programs.
Another advantage of Netsuite is that it offers a high degree of customization, allowing nonprofits to tailor the software to their specific needs.
However, there are also some disadvantages to using Netsuite.
One major disadvantage is that the software can be complicated to use, and it may require training for nonprofit staff members.
Additionally, Netsuite can be expensive to implement and maintain, which may be a deterrent for some nonprofits.
Overall, NetsuiteNonprofit Edition offers several advantages and disadvantages that should be considered before implementing the software.
Netsuite Nonprofit Edition pricing
NetSuite Pricing for the Nonprofit Edition is tiered and starts at $4,995 per month for organizations with up to 10 users.
Price breaks are available for larger organizations with more users. For example, an organization with up to 20 users would pay $7,495 per month, and an organization with up to 30 users would pay $9,995 per month.
Discounts are also available for annual prepaid subscriptions.
NetSuite pricing includes all software updates and upgrades, 24/7 customer support, expert consulting services, and access to the NetSuite community forums.
Organizations can add additional functionality to their NetSuite account the rough SuiteCloud extensibility platform.
SuiteCloud provides access to over 500+ applications that extend NetSuite’s capabilities.
The cost of add-on applications varies and is typically based on a monthly subscription fee.
What is Accounting Software for nonprofits and what does it do?
There are many different types of software available on the market today.
However, not all of them are well suited for nonprofits.
When choosing an accounting program for a nonprofit organization, it is important to look for a program that offers features specifically designed for nonprofits.
The best nonprofit accounting software will offer features such as fund accounting, grant management, and donor tracking.
Fund accounting
Fund accounting is a specialized type of accounting that is designed to track funds received from donors and grants.
Grant Management
Grant management features will help you keep track of deadlines and requirements for each grant you receive.
Donor tracking features will help you keep track of donations made by individual donors and foundations.
By choosing software with these specific features, you can be sure that your right nonprofit accounting software is well organized and efficient.
How does accounting software for nonprofits work?
Most accounting programs for nonprofits offer a basic set of accounting features, including income and expense tracking, accounts receivable and payable, and financial management.
This software can be a valuable tool for managing finances, as it can help to keep track of donations, grant funding, and other income sources.
Additionally, the software can help nonprofits to stay compliant with accounting regulations.
Some accounting programs for nonprofits also offer grant management features, which can streamline the process of applying for and managing grant funding.
Ultimately, the software can be a helpful tool for nonprofits of all sizes to manage their finances and comply with accounting regulations.
Accounting features
Fund accounting and financial management are important features of accounting programs.
Many accounting programs offer these features, but they can vary in terms of how comprehensive they are.
For example, some fund accounting features may only track expenses and income, while others may also include asset management and portfolio tracking.
Financial management features, on the other hand, may range from basic budgeting and expense tracking to more sophisticated tools for financial planning and analysis.
Ultimately, the best accounting program for your business will depend on your specific needs and preferences.
However, making sure that the software you choose includes both fund accounting and financial features will help you to get the most out of it.
Why is accounting software important for nonprofits?
Managing finances is vital for any organization, but it can be especially challenging for nonprofits.
The accounting program helps nonprofits keep track of their finances by providing features such as budgeting tools, accounting reports, and auditing capabilities.
Accounting programs can also help nonprofits manage donor information and compliance with government regulations.
By using this software, nonprofits can ensure that they are using their resources effectively and efficiently.
This kind of software provides the features and functionality necessary for nonprofits to manage their finances responsibly and transparently.
How much does accounting software for nonprofits cost?
How much does an accounting program for nonprofits cost?
Software for nonprofits typically costs between $10 and $30 per month.
The price often depends on the features included, such as invoicing, budgeting, and reporting.
Discounts for longer-term
Some providers offer discounts for longer-term commitments, so it’s important to compare pricing before making a purchase.
When selecting an accounting program for a nonprofit, it’s also important to consider the organization’s size and needs.
For example, a small nonprofit might only need basic accounting features, while a larger organization might require more sophisticated tools.
Ultimately, the best way to determine the cost of software for a nonprofit is to speak with a provider or consultant who can assess the organization’s specific needs.
Do I need accounting software for my nonprofits?
If you manage nonprofits, you may be wondering if you need
software.
The simple answer is that it depends on the size and complexity of your organization.
If you have a small organization with a simple financial structure, you may be able to get by with a basic accounting program.
However, if your organization is larger or more complex, you will likely need something more robust.
An accounting program can help you track income and expenses, manage donor records, and generate financial reports. It can also save you time by automating repetitive tasks.
In short, if you want to make sure your nonprofit is run efficiently and effectively, investing in an accounting program is a wise decision.
Is accounting software for nonprofits secure?
When it comes to software for nonprofits, security is always a top concern.
While many reputable companies offer secure accounting software for nonprofits.
There is always the potential for data breaches and other security risks.
To ensure the security of your nonprofit’s financial data, it is important to do your research.
And also choose a reputable accounting software provider.
Make sure to read reviews and compare features before making your final decision.
By taking the time to find a secure accounting solution for your nonprofit, you can help protect your organization’s finances.
And even more important, give yourself peace of mind.
What features should I look for in accounting software for my nonprofit?
When choosing accounting software for your nonprofit, there are several key features to look for.
First, make sure that the software can track donations and expenses.
This is essential for managing your budget and ensuring that your organization is compliant with donor requirements.
Second, look for software that can generate reports.
This will help you keep track of your progress and identify areas where you need to make changes.
Third, choose software that is easy to use.
You don’t want your accounting process to be a source of stress for you or your staff.
Finally, make sure that the software you select is compatible with your other systems.
This will ensure a smooth and efficient workflow for your organization.
By considering these factors, you can be sure to choose the best accounting software for your nonprofit.
What is the simplest accounting software for nonprofits?
For small nonprofits, the most important accounting program features are ease of use and affordability.
The good news is that there are several software programs designed specifically for nonprofits that meet these criteria.
One popular option is QuickBooks Online and QuickBooks Nonprofit Edition, which offer a wide range of features at a reasonable price.
Another option is Less accounting, which has a more streamlined interface that some users find easier to use.
Whichever program you choose, be sure to take advantage of free trial periods and online tutorials.
In order to ensure that you get the hang of using it before committing to a purchase.
With a little bit of research, you should be able to find the perfect accounting program for your nonprofits.
How to choose the right accounting software for my nonprofit?
When it comes to running a successful nonprofit, there are many factors to consider.
One of the most important is choosing the right accounting program. With so many different options on the market, it can be difficult to know where to start.
Here are a few things to keep in mind when selecting accounting programs for your nonprofit:
1. Use the right program
Choose nonprofit-specific software.
It’s important to make sure the accounting program you use fits your organization’s unique needs.
2. Consider your budget.
There’s no need to break the bank when it comes to the best accounting software.
However, you do want to make sure you choose a program that has all the features you need without being too expensive.
3. Get recommendations
Talk to other organizations and see what accounting programs they use and why they like them.
This can be a great way to narrow down your options and find a program that will work well for your nonprofit.
Following these tips, you should be able to find the best accounting software for your nonprofits.
Is there any free nonprofit accounting software?
Many nonprofits rely on software to help with everything from managing donations to coordinating volunteers.
However, quality software can be expensive, and nonprofits often have limited budgets.
Fortunately, many software companies offer free trials of their products.
This allows nonprofits to test out the software to see if it meets their needs before committing to a purchase.
Most free trials last for a few weeks or months, giving nonprofits plenty of time to decide if the software is right for them.
In addition, many software companies offer discounts for nonprofits.
making it even easier for these organizations to get the tools they need.
Thanks to free trials and nonprofit discounts, nonprofits can easily find affordable software that meets their needs.
Jordan Salas
Jordan is an experienced CPA and an author & editor at Financopedia. Over the past 12 years, he has written tax and financial content for leading brands. His writing has been featured in Forbes, The Los Angeles Times, Walstreet journal, and more. Jordan enjoys watching old movies and hiking in his free time.
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