--- title: "Best Fund Accounting Software - 2026 Reviews & Pricing" description: "Find the best Fund Accounting Software for your organization. Compare top Fund Accounting Software systems with customer reviews, pricing, and free demos." source_url: "https://www.softwareadvice.com/accounting/fund-accounting-software-comparison/" page_type: "subcategory" language: "en" --- [Home](https://www.softwareadvice.com/) / Fund Accounting Software Software Advice offers objective insights based on verified user reviews and independent product and market research. When our advisors match you to a software provider, we may earn a referral fee. # Best Fund Accounting Software of 2026 Updated November 9, 2026 ## Fund Accounting FAQs Software Advice advisors had 27 conversations with buyers about Fund Accounting software between January 2025 and July 2026. These are the questions that came up most. - How do I choose the right Fund Accounting software for my business? Choosing the right fund accounting software starts with confirming it supports true fund tracking for grants, donations, and restricted funds, since buyers frequently tell our advisors that many tools fall short on these requirements. Teams often prioritize features like detailed financial reporting, donor management, budget planning, and grant award tracking to avoid manual or spreadsheet-heavy workarounds. Comparing price points, understanding what is included, and checking for extra module costs is a key consideration, especially for organizations with tight budgets. Many buyers also weigh whether the tool handles nonprofit, government, or religious organization needs and evaluate cloud deployment against other options for flexibility and access. - What is the best Fund Accounting software for a small to mid-size business? There is no single system that fits every small to midsize business, but a common theme in these conversations is the need for software that offers true fund accounting features, such as tracking grants, donations, and restricted funds with a focus on accountability rather than profit. Buyers frequently mention priorities like financial reporting, budget management, and the ability to move away from manual or spreadsheet-based processes. A challenge often discussed is finding a system that provides nonprofit or government accounting functions without high or unpredictable pricing. Comparing total costs, included features, and support for required fund accounting processes is key when selecting a system. Answer based on 17 advisor calls - What should businesses watch out for when choosing Fund Accounting software? Buyers our advisors talk to often caution that not all fund accounting software meets the complex needs of public, nonprofit, and religious organizations, especially around grant tracking and government fund management. Many small businesses in these sectors mention the importance of checking for features like donor management, budget forecasting, and detailed financial reporting before making a decision. A common trade-off is the risk of ending up with manual work or spreadsheet-heavy processes if the software does not fully support required workflows. Pricing comes up as a key concern, with buyers noting that costs can rise as needs grow or more modules are added. Cloud options are the most frequently discussed deployment type, so buyers may want to weigh the pros and cons of cloud versus other setups. Answer based on 25 advisor calls - What are common complaints about Fund Accounting software? Advisor-call conversations show that buyers frequently mention limited fund, government, and nonprofit accounting capabilities as a top friction with fund accounting tools. High or rising pricing is another common concern, especially for teams with tight budgets. Many buyers also report relying on manual or spreadsheet-based processes when their current tool falls short. Complexities around grant tracking and management, as well as time-consuming financial reporting, come up in several calls. Some teams express general dissatisfaction with their current tool, often tied to these same challenges. Answer based on 21 advisor calls - What is the difference between Fund Accounting software and general accounting software? Fund Accounting software differs from general accounting software in that it is designed to manage funds from grants, donations, and other restricted sources, focusing on accountability rather than profitability. During advisor calls, buyers often need features like tracking grant awards, managing donor relationships, and handling complex fund restrictions, functions that general accounting software does not typically cover. A common challenge for buyers is that standard accounting systems focus on billing, invoicing, and accounts receivable for businesses, but lack nonprofit or government-specific tools such as grant tracking and donor management. fund accounting systems also offer budget management and specialized financial reporting tailored to projects or funding sources, which buyers frequently mention as a priority not addressed by general options. Answer based on 25 advisor calls - How does Fund Accounting software handle the general ledger, reporting, and compliance? According to our advisors, buyers often look for fund accounting software that manages the general ledger, supports financial reporting, and addresses compliance needs in one place. Buyers frequently mention pain points with cumbersome financial reporting, so a must-have is the ability to create reports that show an organization's financial performance. Answer based on 10 advisor calls - How much does Fund Accounting software cost? Most buyers we've talked to are quoted a flat monthly price for fund accounting tools, with a median near $100. Pricing commonly falls between $65 and $262 per month, based on advisor-call conversations. Teams often focus on what is included at each price point and ask about add-on costs. Answer based on 19 advisor calls - What features should Fund Accounting software include? The most requested features, based on advisor calls, include tools for tracking revenue from grants, donations, and other funding sources in a way that focuses on accountability, not just profit. Buyers frequently mention the need for donor management, budget planning, and financial reporting to monitor income and spending for specific projects. Other priorities often include accounts payable to track what is owed to vendors, and grant award tracking to manage requirements and deadlines tied to awarded grants. Answer based on 22 advisor calls - What is Fund Accounting software and what does it do? Fund Accounting software helps nonprofits, foundations, and public agencies manage and track funds from grants, donations, and other sources with a focus on accountability rather than profitability. When speaking with our advisors, buyers often use it to allocate funds, monitor budgets, handle donor and grant information, manage accounts payable, and generate financial reports to meet regulatory and reporting needs. Answer based on 22 advisor calls Talk with us for a free 15-min consultation Expert advisors like Jacqueline, who have helped 1,000+ companies, can find the right software for your needs. On this page 1. FrontRunners 2. Popular Comparisons 3. Buyers Guide 4. Frequently Asked Questions 5. Related Software Filter products 79 results ### Compare Products Showing 1 - 25 of 79 products #### Company Size - Self-Employed - 2-10 - 11-50 - 51-200 - 201-500 - 501-1000 - 1000+ #### Pricing Options - $$$$$ - $$$$$ - $$$$$ - $$$$$ - $$$$$ ### Compare Products Sort by **Recommendations**: Sorts listings by the number of recommendations our advisors have made over the past 30 days. Our advisors assess buyers’ needs for free and only recommend products that meet buyers’ needs. Vendors pay Software Advice for these referrals. **Reviews**: Sorts listings by the number of user reviews we have published, greatest to least. **Average Rating**: Sorts listings by overall star rating based on user reviews, highest to lowest. **Alphabetically (A-Z)**: Sorts listings by product name from A to Z. ### [Sage Intacct](/accounting/intacct-accounting-profile/) - Overall rating: 4.3/5 - Reviews: 718 - Best for: Mid-size businesses - Free trial: Not available - Free demo: Not available #### Overview Intacct offers several fund accounting tools in the their cloud-based software. The system helps fund managers maintain their accounts with features for grant management, donor [Read more](/accounting/intacct-accounting-profile/) ##### What users love - User-friendly and intuitive interface - Comprehensive accounting functionality - Robust, customizable reporting capabilities ##### To take in mind - Complex and inflexible report customization - Slow and unresponsive support experience - Expensive and rising costs #### Features ##### Best rated features - Quotes/Estimates: 5/5 - For Nonprofits: 5/5 - Vendor Management: 5/5 - Customer Statements: 5/5 [See all features](/accounting/intacct-accounting-profile/#key-features) --- ### [Striven](/project-management/striven-profile/) - Overall rating: 4.8/5 - Reviews: 131 - Starting price: $35.00/month - Best for: Small businesses - Free trial: Available - Free demo: Not available #### Overview Striven is a cloud-based, all-in-one business management ERP platform built for small and midsize companies tired of duct-taping popular accounting tools, a CRM, a project tool, [Read more](/project-management/striven-profile/) #### Features ##### Best rated features - Segmentation: 5/5 - Routing: 5/5 - Percent-Complete Tracking: 5/5 - Performance Management: 5/5 ##### Worst rated features - API: 1/5 - Calendar Sync: 2/5 [See all features](/project-management/striven-profile/#key-features) #### Pricing ##### Standard - Price: $35.00/month - The plan is based on the number of users. ##### Enterprise - Price: $70.00/month - The per-user price decreases as the number of users increases. [See full pricing details](/project-management/striven-profile/#pricing-and-plans) --- ### [Fund EZ](/accounting/fundez-nonprofit-accounting-profile/) - Overall rating: 4.4/5 - Reviews: 25 - Starting price: $140.00/month - Free trial: Available - Free demo: Not available #### Overview Fund EZ nonprofit accounting software gives visibility into every facet of their organization. The software helps users to create and track budgets across fiscal years, detailing [Read more](/accounting/fundez-nonprofit-accounting-profile/) #### Pricing ##### Fund EZ Nonprofit Accounting Software - Cloud Based - Price: $140.00/month - Fund EZ Nonprofit Accounting Software - Cloud Based Standard Version – 1 user, unlimited tech ##### Fund EZ Nonprofit Accounting Software - Server Based - Price: $2,495.00one time - Fund EZ Nonprofit Accounting Software - Server Based Standard Version – 1 user, unlimited tech [See full pricing details](/accounting/fundez-nonprofit-accounting-profile/#pricing-and-plans) --- ### [MIP Accounting](/product/121198-MIP-Accounting/) - Overall rating: 4.1/5 - Reviews: 69 - Starting price: $0.01 - Free trial: Not available - Free demo: Not available #### Overview MIP is the leading accounting software designed for mission-driven organizations, including nonprofits, schools, healthcare, associations, and government entities. It provides [Read more](/product/121198-MIP-Accounting/) #### Features ##### Best rated features - General Ledger: 5/5 - Income & Balance Sheet: 5/5 - API: 5/5 - Accounts Payable: 5/5 ##### Worst rated features - Payroll Management: 1/5 - Grant Management: 1/5 [See all features](/product/121198-MIP-Accounting/#key-features) --- ### [Blackbaud Financial Edge NXT](/nonprofit/blackbaud-profile/) - Overall rating: 4.2/5 - Reviews: 165 - Starting price: $0.01/year - Free trial: Not available - Free demo: Not available #### Overview Blackbaud’s cloud fund accounting software Blackbaud Financial Edge NXT provides transparency across teams, security, and compliance, and reduces the need for manual processes. The [Read more](/nonprofit/blackbaud-profile/) #### Features ##### Best rated features - Activity Dashboard: 5/5 - Project Accounting: 5/5 - Cash Management: 5/5 - Financial Analysis: 5/5 ##### Worst rated features - Financial Reporting: 3.9/5 - Donation Tracking: 4/5 [See all features](/nonprofit/blackbaud-profile/#key-features) --- ### [Dynamics 365](/product/106335-Dynamics-365/) - Overall rating: 4.4/5 - Reviews: 5,865 - Starting price: $50.00/month - Best for: Enterprise businesses - Free trial: Available - Free demo: Available #### Overview Microsoft Dynamics 365 is a cloud-based CRM ecosystem for small, medium and enterprise organizations, with a focus on Sales, Field Service, Customer Service complete with strong [Read more](/product/106335-Dynamics-365/) ##### What users love - User-friendly and intuitive interface - Deep Microsoft ecosystem integration - Centralized workforce and operations control ##### To take in mind - Expensive licensing and add-ons - Limited and complex customization options - Steep learning and onboarding process #### Features ##### Best rated features - Commission Management: 5/5 - Financial Analysis: 5/5 - Monitoring: 5/5 - For Real Estate: 5/5 ##### Worst rated features - Lead Scoring: 3.5/5 - Sales Trend Analysis: 3.8/5 - Prospecting Tools: 3.9/5 - API: 3.9/5 [See all features](/product/106335-Dynamics-365/#key-features) #### Pricing ##### Professional - Price: $50.00/month ##### Enterprise - Price: $105.00/month ##### Premium - Price: $195.00/month [See full pricing details](/product/106335-Dynamics-365/#pricing-and-plans) --- ### [akoyaGO](/accounting/pearl-and-akoya-net-profile/) - Overall rating: 4/5 - Reviews: 1 - Free trial: Not available - Free demo: Not available #### Overview akoyaGO offers the premier software solution designed to optimize efficiencies and maximize impact. Improve fundraising with donor segmentation and development. Increase efficiency [Read more](/accounting/pearl-and-akoya-net-profile/) #### Features ##### Best rated features - Grant Application Management: 5/5 - Donor Management: 4/5 [See all features](/accounting/pearl-and-akoya-net-profile/#key-features) --- ### [Eleven](/accounting/eleven-profile/) - Overall rating: 4.9/5 - Reviews: 122 - Starting price: $35.00/month - Best for: Value for money - Free trial: Available - Free demo: Not available #### Overview Eleven is a cloud-based accounting platform purpose-built for modern accounting firms that need to scale efficiently without increasing operational complexity. As firms grow, they [Read more](/accounting/eleven-profile/) #### Features ##### Best rated features - Dashboard: 5/5 - Cash Management: 5/5 - Audit Management: 5/5 - Transaction Management: 5/5 ##### Worst rated features - Bookkeeping Services Integration: 4/5 [See all features](/accounting/eleven-profile/#key-features) #### Pricing ##### Standard (Entity) - Price: $35.00/month - - Unlimited Users - Multi-entity bookkeeping - Bank feeds & reconciliation - AI powered bank ##### Professional (Entity) - Price: $40.00/month - - Unlimited Users - Everything in Standard plus: - Consolidated reporting - Custom report builder - ##### Enterprise - Price: Custom - Pricing available upon request - For larger organizations and enterprises managing multiple entities, our custom pricing plans unlock [See full pricing details](/accounting/eleven-profile/#pricing-and-plans) --- ### [MoneyMinder](/accounting/moneyminder-profile/) - Overall rating: 4.9/5 - Reviews: 122 - Starting price: $299.00/year - Best for: Ease of use - Free trial: Available - Free demo: Not available #### Overview MoneyMinder is a comprehensive nonprofit financial management software designed to simplify and streamline financial operations for a wide range of group types. Whether you belong [Read more](/accounting/moneyminder-profile/) #### Features ##### Best rated features - Membership Renewals: 5/5 - "What If" Scenarios: 5/5 - Tax Management: 5/5 - Payment Processing: 5/5 [See all features](/accounting/moneyminder-profile/#key-features) #### Pricing ##### Full Edition - Price: $299.00/year - Banking & Bookkeeping Budget-Focused Chart of Accounts (COA) Send Statements Custom Online [See full pricing details](/accounting/moneyminder-profile/#pricing-and-plans) --- ### [FastFund Software Suite](/accounting/fastfund-nonprofit-profile/) - Overall rating: 4.5/5 - Reviews: 69 - Starting price: $42.00/month - Free trial: Available - Free demo: Not available #### Overview FastFund Online is the only cloud-based solution that provides a single source solutions for all your fiscal management needs, with nonprofit fund accounting, fund raising donor [Read more](/accounting/fastfund-nonprofit-profile/) #### Features ##### Best rated features - Expense Tracking: 4/5 - Financial Reporting: 4/5 - Accounting: 4/5 - General Ledger: 4/5 [See all features](/accounting/fastfund-nonprofit-profile/#key-features) #### Pricing ##### FastFund Accounting (Standard) - Price: $42.00/month - FastFund Accounting (Standard) Plan is intended for accounting professionals and includes cash ##### FastFund Accounting (Premium) - Price: $94.00/month - FastFund Accounting (Premium) Plan is intended for accounting professionals. It provides all ##### FastFund Fundraising (Standard) - Price: $42.00/month - FastFund Fundraising (Standard) Plan is intended for fundraising professionals and includes members [See full pricing details](/accounting/fastfund-nonprofit-profile/#pricing-and-plans) --- ### [AccountsIQ](/accounting/accountsiq-profile/) - Overall rating: 4.6/5 - Reviews: 44 - Starting price: £250.00/month - Free trial: Not available - Free demo: Available #### Overview AccountsIQ is a cloud accounting software that simplifies the capture, process, and reporting of financial data. It offers intuitive tools to automate consolidation, manage budget, [Read more](/accounting/accountsiq-profile/) #### Features ##### Best rated features - Compliance Management: 5/5 - Invoice Management: 5/5 - Audit Trail: 5/5 - Profit/Loss Statement: 5/5 [See all features](/accounting/accountsiq-profile/#key-features) #### Pricing ##### Core - Price: £250.00/month - Ideal for growing organisations looking to modernise core finance processes. Includes general ##### Growth - Price: £600.00/month - Designed for expanding organisations managing increased complexity. Builds on Core with enhanced ##### Scale - Price: £1,100.00 - Built for multi-entity and high-growth organisations. Supports higher transaction volumes, expanded [See full pricing details](/accounting/accountsiq-profile/#pricing-and-plans) --- ### [Xero](/accounting/xero-profile/) - Overall rating: 4.4/5 - Reviews: 3,341 - Starting price: $25.00/month - Best for: Small businesses - Free trial: Available - Free demo: Not available #### Overview Xero is a cloud-based accounting platform designed to assist small and midsize businesses with financial operations management, financial visibility and business performance [Read more](/accounting/xero-profile/) ##### What users love - Streamlined accounting for businesses - Automated and flexible invoicing - Intuitive and user-friendly design ##### To take in mind - Slow and limited customer assistance - Expensive for growing businesses - Limited and basic reporting options #### Features ##### Best rated features - Order Tracking: 5/5 - Cross Ledger Posting: 5/5 - Status Tracking: 5/5 - Credit Card Processing: 5/5 ##### Worst rated features - Construction Breakdowns: 1/5 - Discount Management: 1/5 - Overpayment Processing: 1/5 [See all features](/accounting/xero-profile/#key-features) #### Pricing ##### Starter - Price: $25.00/month - An easy financial foundation - track cash flow with the essentials. ##### Standard - Price: $55.00/month - Go beyond the basics - automate tasks and access performance dashboards. ##### Premium - Price: $90.00/month - Future proof your scaling business - with advanced tools and analytics. [See full pricing details](/accounting/xero-profile/#pricing-and-plans) --- ### [Grants Management](/accounting/grants-management-profile/) - Overall rating: 4.6/5 - Reviews: 19 - Starting price: $3,200.00/year - Free trial: Available - Free demo: Not available #### Overview CommunityForce, Inc. is a global technology company that offers a full range of service modules including scholarship management and grants management to manage the business [Read more](/accounting/grants-management-profile/) #### Features ##### Best rated features - Applicant Tracking: 5/5 - API: 5/5 - Administrative Reporting: 5/5 - Collaboration Tools: 5/5 ##### Worst rated features - Customizable Branding: 4/5 [See all features](/accounting/grants-management-profile/#key-features) #### Pricing ##### Self-Implementation - Price: $3,200.00/year - This package includes site deployment for one site and two mandatory Global Admin licensed users. It ##### Standard One-to-One - Price: $6,400.00/year - CommunityForce Implementation Team to set up one application process (including application build, ##### Standard One-to-Many - Price: $8,400.00/year - Application build for client for one application associated with many funds (funding sources) will [See full pricing details](/accounting/grants-management-profile/#pricing-and-plans) --- ### [Denali Fund](/accounting/denali-profile/) - Overall rating: 4.3/5 - Reviews: 57 - Starting price: $4,000.00one time - Free trial: Available - Free demo: Not available #### Overview Denali FUND is an on-premise and cloud-based accounting solution designed for nonprofits with multiple funds. The product is suitable for small to midsize nonprofit organizations. [Read more](/accounting/denali-profile/) #### Features ##### Best rated features - Audit Trail: 4.8/5 - Expense Tracking: 4.7/5 - For Nonprofits: 4.6/5 - Billing & Invoicing: 4.5/5 ##### Worst rated features - Fundraising Management: 1/5 [See all features](/accounting/denali-profile/#key-features) #### Pricing ##### Basic - Price: $4,000.00one time [See full pricing details](/accounting/denali-profile/#pricing-and-plans) --- ### [Eze Investor Accounting](/accounting/eze-investor-accounting-profile/) - Overall rating: 5/5 - Reviews: 1 - Starting price: $0.01 - Free trial: Not available - Free demo: Not available #### Overview Eze Investor Accounting is an on-premise solution designed to help hedge fund offices, private equity shops, fund administrators and wealth managers handle all aspects of investor [Read more](/accounting/eze-investor-accounting-profile/) --- ### [AccuFund Accounting Suite](/accounting/accufund-profile/) - Overall rating: 4.3/5 - Reviews: 44 - Starting price: $2,995.00one time - Free trial: Not available - Free demo: Not available #### Overview AccuFund is 100% focused on serving nonprofits and government entities. The complete fund accounting financial management solution, available online or onsite, consists of a strong [Read more](/accounting/accufund-profile/) #### Features ##### Best rated features - Project Accounting: 5/5 - Fixed Asset Management: 5/5 - Payroll Management: 5/5 - Accounts Payable: 4.6/5 ##### Worst rated features - Billing & Invoicing: 3.9/5 - Accounts Receivable: 3.9/5 [See all features](/accounting/accufund-profile/#key-features) --- ### [Sparkrock](/erp/sparkrock-profile/) - Overall rating: 4.3/5 - Reviews: 11 - Starting price: $1.00/month - Free trial: Not available - Free demo: Not available #### Overview Sparkrock provides SaaS-based finance, workforce management, payroll and employee scheduling software built for Not-for-Profit, Health and Human Services, and Educational [Read more](/erp/sparkrock-profile/) --- ### [Banyon Fund Accounting](/accounting/banyon-fund-accounting-profile/) - Overall rating: 4.3/5 - Reviews: 12 - Starting price: $2,495.00one time - Free trial: Not available - Free demo: Not available #### Overview Banyon Fund Accounting is accounting software built for small to medium public offices, where clerks often handle every fund, every check, and every report. It is easy to learn, [Read more](/accounting/banyon-fund-accounting-profile/) #### Features ##### Best rated features - Expense Tracking: 4.2/5 - Bank Reconciliation: 4.1/5 - Fund Management: 4/5 - Reporting & Statistics: 4/5 ##### Worst rated features - Chart of Accounts: 3.5/5 - Financial Reporting: 3.6/5 - General Ledger: 3.9/5 - Cash Management: 4/5 [See all features](/accounting/banyon-fund-accounting-profile/#key-features) --- ### [Carta](/investment-management/carta-for-investors-profile/) - Overall rating: 4.2/5 - Reviews: 66 - Free trial: Not available - Free demo: Not available #### Overview Carta is a cloud-based solution that helps organizations in the finance industry streamline and manage portfolios, valuations, holdings and more. It provides enterprises with a [Read more](/investment-management/carta-for-investors-profile/) #### Features ##### Best rated features - Activity Dashboard: 5/5 - Audit Trail: 5/5 - Real-Time Data: 5/5 - Compliance Management: 5/5 ##### Worst rated features - Budgeting/Forecasting: 1/5 - General Ledger: 1.7/5 - Portfolio Management: 2/5 [See all features](/investment-management/carta-for-investors-profile/#key-features) --- ### [SylogistMission ERP](/nonprofit/serenic-profile/) - Overall rating: 3.9/5 - Reviews: 21 - Free trial: Not available - Free demo: Not available #### Overview Nonprofit organizations, educational institutions and government agencies rely on Serenic Software for a reliable fund accounting solution. Their fully integrated suite is [Read more](/nonprofit/serenic-profile/) #### Features ##### Best rated features - Billing & Invoicing: 5/5 - Activity Tracking: 5/5 - Check Printing: 5/5 - General Ledger: 5/5 ##### Worst rated features - Donation Tracking: 3/5 - Budgeting/Forecasting: 4/5 - Financial Reporting: 4/5 [See all features](/nonprofit/serenic-profile/#key-features) --- ### [Aptean Industrial Manufacturing ERP Traverse Edition](/product/395354-Traverse/) - Overall rating: 3.8/5 - Reviews: 16 - Starting price: $100.00/month - Free trial: Not available - Free demo: Not available #### Overview Aptean Industrial Manufacturing ERP Traverse Edition is a specialized ERP solution built to meet the needs of discrete manufacturers. Designed for small to mid-sized companies, it [Read more](/product/395354-Traverse/) #### Features ##### Best rated features - Order Management: 5/5 - Inventory Management: 5/5 - Financial Management: 5/5 - Accounts Receivable: 5/5 ##### Worst rated features - Third-Party Integrations: 1/5 - Supply Chain Management: 4/5 - Accounting: 4/5 [See all features](/product/395354-Traverse/#key-features) --- ### [QuickBooks Online](/product/393202-QuickBooks-Online/) - Overall rating: 4.3/5 - Reviews: 8,555 - Starting price: $38.00/month - Best for: Ease of use - Free trial: Available - Free demo: Not available #### Overview QuickBooks Online is a cloud-based accounting software designed to help businesses manage their finances. It offers a range of tools to automate financial tasks such as [Read more](/product/393202-QuickBooks-Online/) ##### What users love - User-friendly and accessible design - Streamlined accounting for businesses - Efficient and flexible invoicing ##### To take in mind - Slow and inconsistent support experience - Rising costs and expensive add-ons - Limited and clunky reporting tools #### Features ##### Best rated features - 401(k) Tracking: 5/5 - For Religious Organizations: 5/5 - Strategic Planning: 5/5 - Billable Items Tracking: 5/5 [See all features](/product/393202-QuickBooks-Online/#key-features) #### Pricing ##### Simple Start - Price: $38.00/month - Allows to connect 1 sales channel ##### Essentials - Price: $75.00/month - Includes upto 3 users. ##### Plus - Price: $115.00/month - Includes upto 5 users [See full pricing details](/product/393202-QuickBooks-Online/#pricing-and-plans) --- ### [Aplos](/nonprofit/aplos-profile/) - Overall rating: 4.4/5 - Reviews: 190 - Starting price: $79.00/month - Best for: Value for money - Free trial: Available - Free demo: Not available #### Overview Aplos is a dedicated accounting solution engineered specifically for the unique financial demands of nonprofit organizations. We understand the complexities of managing restricted [Read more](/nonprofit/aplos-profile/) #### Features ##### Best rated features - Financial Analysis: 5/5 - Membership Management: 5/5 - Reporting/Analytics: 5/5 - Customizable Reports: 5/5 [See all features](/nonprofit/aplos-profile/#key-features) #### Pricing ##### Lite - Price: $79.00/month ##### Core - Price: $129.00/month ##### Advanced - Price: Custom - Pricing available upon request [See full pricing details](/nonprofit/aplos-profile/#pricing-and-plans) --- ### [MYOB](/accounting/myob-essentials-profile/) - Overall rating: 3.8/5 - Reviews: 151 - Starting price: A$30.00/month - Free trial: Not available - Free demo: Not available #### Overview MYOB Business Lite and Pro cloud accounting software for Australian and New Zealand small businesses that helps manage invoicing, expenses, payroll, cash flow, GST and tax [Read more](/accounting/myob-essentials-profile/) #### Features ##### Best rated features - Vacation/Leave Tracking: 5/5 - For Small Businesses: 5/5 - Alerts/Notifications: 5/5 - Time & Expense Tracking: 5/5 [See all features](/accounting/myob-essentials-profile/#key-features) --- 1 [2](https://www.softwareadvice.com/accounting/fund-accounting-software-comparison/?__ai_markdown=true&page=2)[3](https://www.softwareadvice.com/accounting/fund-accounting-software-comparison/?__ai_markdown=true&page=3)[4](https://www.softwareadvice.com/accounting/fund-accounting-software-comparison/?__ai_markdown=true&page=4) ## Popular Comparisons [ Xero vs QuickBooks Online ](https://www.softwareadvice.com/compare/2976-xero/vs/393202-QuickBooks-Online/)[ Sage Intacct vs Aplos ](https://www.softwareadvice.com/nonprofit/aplos-profile/vs/intacct-accounting/)[ MoneyMinder vs Blackbaud Financial Edge NXT ](https://www.softwareadvice.com/nonprofit/blackbaud-profile/vs/moneyminder/)[ Realm vs ShelbyNext Financials ](https://www.softwareadvice.com/compare/151411-Realm/vs/152935-shelby-financials/)[ Carta vs Certent ](https://www.softwareadvice.com/investment-management/carta-for-investors-profile/vs/certent-equity-management/)[ Eleven vs IconCMO Fund Accounting ](https://www.softwareadvice.com/accounting/eleven-profile/vs/iconcmo-fund-accounting/) ## Your Guide to Top Fund Accounting Software, September 2021 Software Advice uses reviews from real software users to highlight the top-rated Fund Accounting products in North America. [Learn how products are chosen](https://www.softwareadvice.com/legal-page/frontrunners-methodology/) #### Explore FrontRunners - [MoneyMinder](https://www.softwareadvice.com/accounting/moneyminder-profile/) “Usability” includes user ratings for Functionality and Ease of Use. “Customer Satisfaction” includes user ratings for Customer Support, Likelihood to Recommend and Value for Money. Reviews analysis period: The reviews analysis period spans two years and ends the 15th of the month prior to publication. ## Send me a copy of this list to my inbox ### Get a copy of this list with pricing info sent to your inbox so you can pick up where you left off when convenient to you. Fund accounting is used by government organizations and [nonprofits](https://www.softwareadvice.com/category/4280-nonprofit/) to separate funding amounts and spending by individual project or grant provider. Leveraging a nonprofit accounting software system built specifically for fund accounting, government organizations and nonprofits can create reports that prove how each funding amount is used responsibly and in accordance with its original purpose. Here’s what we’ll cover: - [What is fund accounting software?](#Whatisfundaccountingsoftware) - [What type of software buyer are you?](#Whattypeofsoftwarebuyerareyou) - [What are the benefits and potential issues of fund accounting software?](#Whatarethebenefitsandpotentialissuesoffundaccountingsoftware) - [What are the market trends of fund accounting software?](#Whatarethemarkettrendsoffundaccountingsoftware) - [The vendor landscape](#Thevendorlandscape) ## What is fund accounting software? Not-for-profit accounting software keeps track of funds, expenses and transactions with accountability and stewardship as chief concerns. This attitude contrasts with the profit-maximizing motives of many commercial industries. A fund accounting system provides a self-contained, self-balancing ledger designated for a specific project, grant or donation. (For example, churches may use a church management suite with a fund accounting module to track member contributions.) The bottom line is transparency, accountability and responsible spending. Various nonprofit organizations use fund accounting software, including: - Faith-based groups - Healthcare providers - Social services and charitable organizations - Federal, state and local government entities Critical capabilities to look for include: | Feature | Description | | --- | --- | | Financial reporting | Create financial statements tracking all funds from donations, pledges and grants. Measure fundraising performance and donor retention. Look for features such as customization and automatic records transmission. | | Fundraising and donor management | Securely solicit, collect and manage donations through multiple fundraising channels and campaigns. Manage existing donor sources and recruit prospective supporters. | | Grant management | Keep track of awards and proposals, process funds and properly allocate to recipients (referred to as “allocation management”). | | Multiple expense ledgers | Provides a self-contained, self-balancing ledger designated for a specific project, grant or donation. For example, churches may use a church management suite with a fund accounting module to track member contributions. | --- ## What type of software buyer are you? Before you can evaluate software, you’ll need to assess what kind of buyer you are. We believe 90 percent of buyers fall into one of the following categories: **Small organizations with limited budgets.** Some nonprofit organizations, who are smaller and have limited budgets, sometimes opt for a “low-end” solution. This doesn’t necessarily imply inferior quality; these products simply don’t support functionality as broad as the more robust systems. These systems often cannot handle monetary figures as large as those processed in other software; nor can they consolidate checks for multiple invoices. This may be well worth the price trade-off when size and budget are considered. **Nonprofit organizations.** Nonprofits need software to track donor-provided funds—separately from other funding sources—in order to report to providers on how each sum was spent. It can link spending information to individual projects, tracking project completion rate as well. Grant management support keeps records of past and future grant activities, tracking relationship and funding information to eliminate confusion. **Government organizations.** Government organizations need government software to meet the demands of citizens who inquire about the use of public funds—this is where the individual ledger system comes in. Nonprofit financial software provides the precise fund tracking capabilities to make transparency possible through informed government reporting methods. ## What are the benefits and potential issues of fund accounting software? A fund accounting solution should help the nonprofit or government organization ensure that funds are spent responsibly, and that adequate funds remain for future plans. These systems should also benefit grant providers with satisfactory reports. **Keep individual funds separate.** The top priority of fund accounting is to establish each funding source as a self-contained amount; this way, the spending of grants or donations can always be traced back to the source. Funding providers must know how each donation or grant is spent. **Increase accountability of the organization.** If a nonprofit agency can’t prove to funding providers that grants and donations are being used responsibly and constructively, there’s no reason to expect continued funding in the future. Keeping track of these funds with software, and providing reports, is therefore essential for the success of a nonprofit organization. Similarly, government offices must keep strict track of spending in order to keep citizens informed. **Deliver clear, informative reports.** In order to establish the accountability mentioned in the point above, a software system must be able to deliver reports. Reporting is critical for evidence of responsible spending. Therefore, a system has an advantage if it includes numerous customization capabilities and sophisticated reporting options. **Association with relevant projects.** In addition to keeping funds separate from one another, fund accounting systems should allow expenses to be easily viewed in the context of specific projects. This is directly related to the system’s ability to report how each fund has led to effective action, thus increasing accountability and the likelihood of further funding. As with most business technology, there are also potential issues and risks involved with fund accounting software. One major risk in any business system is the loss of critical data. There are several ways in which data loss can occur; an obvious example is physical damage to the database. Since this can occur with both an on-premises system and a cloud-based one, it’s important to keep backup files in diversified arrangements. For example, a nonprofit organization using a cloud-based system can download their data to a backup file to be stored on-premises; that way, in the event of damage, the data is much more likely to be salvaged. Consequently, buyers should look for applications that allow them to easily download and store backup files. ## What are the market trends of fund accounting software? You should consider these market trends as you select a product. **Software as a Service (SaaS).** SaaS tools have become very popular. Lower upfront costs, fewer or no hardware requirements, greater accessibility and easier implementation are all reasons to consider SaaS. **Business intelligence.** Reporting is one of the most important capabilities; as such, companies are constantly releasing new customization options to allow improved business intelligence. You should make sure to check the reporting options of each system. **Increased reseller specialization.** Value-added resellers (VARs) and consultants, in general, are increasingly specializing in specific products for specific industries. The nonprofit sector specifically has attracted much of this specialization. As a result, nonprofits are likely to benefit as more independent software developers (ISVs) produce more third-party add-on and consulting firms offer better support services. ## The vendor landscape | Feature | Description | | --- | --- | | This type of buyer... | Should evaluate these systems | | Nonprofit organizations | FastFund Nonprofit, Sage MIP, Lawson S3 Financial Management | | Government organizations | Sage MIP, Sage Accpac, CODA Financials, Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics SL | --- ### Related Fund Accounting Software - [Equity Management Software](https://www.softwareadvice.com/equity-management/) - [Hedge Fund Software](https://www.softwareadvice.com/hedge-fund/) - [Investment Management Software](https://www.softwareadvice.com/investment-management/) - [Stock Portfolio Management Software](https://www.softwareadvice.com/stock-portfolio-management/)