--- title: "Best Nonprofit Accounting Software - 2026 Reviews & Pricing" description: "Find the best Nonprofit Accounting Software for your organization. Compare top Nonprofit Accounting Software systems with customer reviews, pricing, and free demos." source_url: "https://www.softwareadvice.com/category/415-nonprofit-accounting/" page_type: "category" language: "en" --- [Home](https://www.softwareadvice.com/) / Nonprofit 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 Nonprofit Accounting Software of 2026 Updated November 3, 2026 ## Nonprofit Accounting FAQs Software Advice advisors had 335 conversations with buyers about Nonprofit Accounting software between January 2025 and July 2026. These are the questions that came up most. - How do I choose the right Nonprofit Accounting software for my business? Choosing the right nonprofit accounting software, based on what buyers we've talked to share, means focusing first on must-have features like fund accounting, donor management, and grant tracking specific to nonprofit needs. Buyers frequently mention the importance of clear and flexible reporting, easy integration with accounting and payroll tools like QuickBooks Online and Square Payroll, and checking whether the system can reduce manual or spreadsheet-based work. Budget is a key factor, with buyers weighing flat monthly versus per-user pricing, as well as any upfront setup fees. Many also recommend confirming the software offers cloud deployment and can scale with growing donor or grant management needs. - What is the best Nonprofit Accounting software for a small to mid-size business? The best nonprofit accounting tool for a small to mid-size organization is one that covers core accounting needs and nonprofit-specific requirements like fund accounting, donation tracking, and donor management. During advisor calls, buyers emphasize the need for strong financial reporting, straightforward expense tracking, and the ability to manage both grants and fundraising activities in one place. Many buyers look to move away from manual spreadsheets and general business tools that lack nonprofit features, noting friction with limited reporting and onboarding challenges. Integration with other systems and clear, affordable pricing are also major considerations for these teams. Answer based on 249 advisor calls - What should businesses watch out for when choosing Nonprofit Accounting software? Buyers frequently tell our advisors that it is important to watch for nonprofit accounting systems that require too many manual or spreadsheet-based steps, or that do not offer true nonprofit-specific features like fund accounting and donation tracking. Many small organizations worry about high or unpredictable pricing, and a common challenge is systems that lack donor management tools, especially for public, nonprofit, and religious organizations. Inflexible financial reporting and limited integration with other cloud tools can also become issues as needs grow. Most buyers ask about cloud-based systems, so checking the deployment options early can help avoid surprises later. Answer based on 329 advisor calls - What are common complaints about Nonprofit Accounting software? Advisor-call conversations show that buyers frequently mention frustration with manual or spreadsheet-based accounting processes and dissatisfaction with high or rising software costs. Many say their current tool lacks nonprofit-specific features, while others report inflexible financial reporting or a cumbersome user experience as a pain point. A steep learning curve and limited integration with other systems, including cloud tools, also come up often as barriers for nonprofit teams. Answer based on 285 advisor calls - What is the difference between Nonprofit Accounting software and general accounting software? Nonprofit accounting tools differ from general accounting tools because buyers our advisors talk to frequently require fund accounting, donation tracking, and donor management, features that are not standard in regular accounting tools. Many teams say they need to manage grants, donations, and fundraising activities in addition to basic accounting, while general accounting tools focus on billing, invoicing, and managing customer payments. A common sticking point is that nonprofit teams find general accounting tools lack nonprofit-specific reporting and struggle to track funds by restriction or purpose. Nonprofit buyers also mention more frustration with manual spreadsheets and insufficient functionality when using general accounting tools for nonprofit needs. Answer based on 329 advisor calls - Can Nonprofit Accounting software integrate with payroll and industry-specific platforms? Yes, in advisor calls, buyers often ask if nonprofit accounting systems can integrate with payroll tools like Square Payroll and accounting software such as QuickBooks Online. Users also bring up connections to payment processing platforms including Square Payments, Square Virtual Terminal, and Square Invoices as a priority. A common challenge is syncing data with these external tools without manual entry, especially for payroll and donations. Some nonprofits mention needing links to point of sale tools like Square Point of Sale or eCommerce platforms such as Square Online, depending on how they collect donations and manage sales. Answer based on 19 advisor calls - How does Nonprofit Accounting software handle the general ledger, reporting, and compliance? Nonprofit Accounting software records all financial activity in a general ledger and offers tools for creating financial reports, but a common theme in these conversations is that many buyers find reporting and compliance features limited or hard to customize. Buyers frequently mention a need for a clear chart of accounts and more flexible, customizable reports to meet requirements for donation receipts and financial compliance. Answer based on 142 advisor calls - How much does Nonprofit Accounting software cost? Most nonprofit accounting tools are offered at a flat monthly rate, with the median price buyers report when speaking with our advisors around $100 and most quotes falling between $60 and $120 per month. A smaller number of teams see per-user monthly pricing, which usually comes in at $10 per user. One-time setup fees are sometimes mentioned, with a median near $5,000 and a typical range of $3,000 to $8,000. Pricing structure is a common consideration as teams weigh ongoing costs against any upfront charges. Answer based on 288 advisor calls - What features should Nonprofit Accounting software include? The features buyers ask for most, based on advisor calls, are fund accounting, donor management, and donation tracking. Users also frequently mention a need for built-in accounting functions like general ledger, accounts payable and receivable, expense tracking, and financial reporting. Grant award tracking and payroll management come up as priorities for organizations managing staff or handling multiple funding sources. Fundraising management tools are also commonly requested for tracking donations and campaigns aimed at specific causes. Answer based on 320 advisor calls - What is Nonprofit Accounting software and what does it do? Nonprofit Accounting software helps organizations manage financial activities unique to nonprofits, such as tracking grants, donations, and how funds are spent. According to our advisors, buyers often use these systems for fund accounting, donation management, expense tracking, and generating financial reports required for compliance and transparency. The software typically supports built-in accounting functions like accounts payable and receivable, and offers tools for handling fundraising activities and donor relationships. Answer based on 314 advisor calls On this page 1. Popular Comparisons 2. Buyers Guide 3. Frequently Asked Questions 4. 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. ### [MonkeyPod](/nonprofit/monkeypod-profile/) - Overall rating: 4.8/5 - Reviews: 101 - Starting price: $167.00/month - Best for: Value for money - Free trial: Available - Free demo: Not available #### Overview MonkeyPod is a true all-in-one nonprofit managment platform. CRM / donor management, nonprofit accounting, grant management, email marketing, online fundraising, and more — all in [Read more](/nonprofit/monkeypod-profile/) #### Features ##### Best rated features - Access Controls/Permissions: 5/5 - Contribution Tracking: 5/5 - Check Printing: 5/5 - Profit/Loss Statement: 5/5 ##### Worst rated features - Generative AI: 3/5 [See all features](/nonprofit/monkeypod-profile/#key-features) #### Pricing ##### Essentials - Price: $167.00/month - Organize your data and ditch manual tracking. MonkeyPod Essentials includes all the core features ##### Pro - Price: $292.00/month - Personalized choices for maximum flexibility. MonkeyPod Pro includes all of the core features, free ##### Enterprise - Price: $417.00/month - All-inclusive features, support, and training. MonkeyPod Enterprise includes all the core features [See full pricing details](/nonprofit/monkeypod-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 E-Z is an affordable and navigable nonprofit accounting solution. This system automates complex accounting while providing features for fundraising and grant, donor, and [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) --- ### [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 Sage Intaact offers a financial management solution for nonprofit organizations that manages grants, funds, projects, and donors. This helps automate accounting processes and [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) --- ### [Daxko Operations](/membership-management/daxko-operations-profile/) - Overall rating: 4.5/5 - Reviews: 182 - Best for: Value for money - Free trial: Not available - Free demo: Not available #### Overview Daxko Operations is the leading operations platform purpose-built for membership-based nonprofit organizations. Trusted by thousands of YMCAs, JCCs, Boys & Girls Clubs, and [Read more](/membership-management/daxko-operations-profile/) #### Features ##### Best rated features - For Nonprofits: 5/5 - Accounting: 5/5 - CRM: 5/5 - Member Accounts: 5/5 ##### Worst rated features - Reporting & Statistics: 3.8/5 - Calendar Management: 4/5 - Scheduling: 4/5 [See all features](/membership-management/daxko-operations-profile/#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 Offering best-in-class fund and grant management, and top of the line reporting features, Blackbaud's Financial Edge NXT is a great election for nonprofit organizations. It's a [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) --- ### [Approveit](/accounting/approveit-profile/) - Overall rating: 5/5 - Reviews: 18 - Free trial: Available - Free demo: Not available #### Overview Approveit helps you automate approval workflows across your entire organization. You can streamline approvals in Slack, Email, or our web app. To start effectively using [Read more](/accounting/approveit-profile/) #### Features ##### Best rated features - Data Import/Export: 5/5 - Invoice Processing: 5/5 - Reimbursement Management: 5/5 - Activity Dashboard: 5/5 [See all features](/accounting/approveit-profile/#key-features) #### Pricing ##### Custom - Price: Custom - Pricing available upon request - Th quote depends on your integration requirements, use case, and other factors, so to provide you [See full pricing details](/accounting/approveit-profile/#pricing-and-plans) --- ### [LiveImpact](/product/471255-LiveImpact/) - Overall rating: 4.8/5 - Reviews: 23 - Starting price: $500.00/month - Free trial: Not available - Free demo: Not available #### Overview LiveImpact: Transforming Nonprofit Case Management and Donor Management with AI-Powered Precision LiveImpact is an all-in-one, cloud-based platform purpose-built to empower [Read more](/product/471255-LiveImpact/) #### Features ##### Best rated features - Donor Management: 5/5 - Goal Setting/Tracking: 5/5 - For Nonprofits: 5/5 - Customizable Fields: 5/5 ##### Worst rated features - Customizable Reports: 3/5 - Attendance Management: 3/5 - Alerts/Notifications: 3/5 - Recurring Giving: 4/5 [See all features](/product/471255-LiveImpact/#key-features) --- ### [iplicit](/accounting/iplicit-profile/) - Overall rating: 4.6/5 - Reviews: 53 - Free trial: Not available - Free demo: Not available #### Overview iplicit is a cloud-based accounting software that helps businesses manage online transactions, automate revenue processes, and more. Key features include reporting/analytics, job [Read more](/accounting/iplicit-profile/) #### Features ##### Best rated features - Third-Party Integrations: 5/5 - Multi-Currency: 5/5 - Approval Process Control: 5/5 - Accounts Receivable: 4.8/5 ##### Worst rated features - Fixed Asset Management: 3/5 - Projections: 3/5 [See all features](/accounting/iplicit-profile/#key-features) --- ### [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) --- ### [Impactfully](/forms-automation/impactfully-profile/) - Overall rating: 4.8/5 - Reviews: 6 - Free trial: Not available - Free demo: Not available #### Overview Impactfully is a software as a service platform that operates in the cloud, specifically designed for private foundations. This software simplifies foundation management [Read more](/forms-automation/impactfully-profile/) #### Features ##### Best rated features - Grant Discovery: 5/5 - Financial Reporting: 5/5 - Customizable Forms: 5/5 - Grant Award Tracking: 4.8/5 [See all features](/forms-automation/impactfully-profile/#key-features) --- ### [Quantibly](/nonprofit/iquantile-profile/) - Overall rating: 4.7/5 - Reviews: 7 - Starting price: $37.00/month - Free trial: Available - Free demo: Not available #### Overview Quantibly is a nonprofit platform designed to help organizations and change-makers drive social impact and spread positive change globally. The platform offers solutions [Read more](/nonprofit/iquantile-profile/) #### Features ##### Best rated features - Accounting: 5/5 - Donor Management: 5/5 - Member Database: 5/5 - Data Import/Export: 5/5 [See all features](/nonprofit/iquantile-profile/#key-features) #### Pricing ##### Startup (Basic) - Price: $37.00/month - Please contact sales for discounts and special pricing for emerging countries. ##### Growth Edition - Price: $76.00/month - Please contact sales for custom pricing. ##### Enterprise - Price: Custom - Pricing available upon request - This pricing varies in emerging countries. [See full pricing details](/nonprofit/iquantile-profile/#pricing-and-plans) --- ### [NonProfitPlus](/nonprofit/nonprofit-plus-profile/) - Overall rating: 5/5 - Reviews: 3 - Starting price: $675.00/month - Free trial: Not available - Free demo: Available #### Overview NonProfit+ is a cloud-based accounting solution designed specifically for nonprofits of all sizes and offers modules and suites for fund and grant accounting, financial management, [Read more](/nonprofit/nonprofit-plus-profile/) #### Pricing ##### Basic - Price: $675.00/month [See full pricing details](/nonprofit/nonprofit-plus-profile/#pricing-and-plans) --- ### [Xledger](/accounting/xledger-profile/) - Overall rating: 4.5/5 - Reviews: 30 - Starting price: $750.00/month - Free trial: Not available - Free demo: Not available #### Overview Xledger, True Cloud Finance Software Built For Modern, Multi-entity Organisations Xledger is a true-cloud finance management platform built for organisations needing more than [Read more](/accounting/xledger-profile/) #### Features ##### Best rated features - Receipt Management: 5/5 - Multi-Location: 5/5 - Audit Trail: 5/5 - Access Controls/Permissions: 5/5 [See all features](/accounting/xledger-profile/#key-features) --- ### [Tangicloud](/nonprofit/onenfp-profile/) - Overall rating: 4.3/5 - Reviews: 3 - Starting price: $199.00/month - Free trial: Available - Free demo: Not available #### Overview Tangicloud is a fund accounting software that helps private equity and venture capital firms track the funds’ financial performance, generate reports for investors, and monitor [Read more](/nonprofit/onenfp-profile/) #### Pricing ##### Basic - Price: $199.00/month [See full pricing details](/nonprofit/onenfp-profile/#pricing-and-plans) --- ### [Membership Toolkit](/membership-management/membership-toolkit-profile/) - Overall rating: 4.4/5 - Reviews: 19 - Starting price: $550.00/year - Free trial: Available - Free demo: Not available #### Overview Membership Toolkit is an all-in-one management platform built for PTAs, PTOs, booster clubs, school organizations, and small nonprofits. It’s designed specifically for [Read more](/membership-management/membership-toolkit-profile/) #### Features ##### Best rated features - Event Management: 5/5 - For Nonprofits: 5/5 - Member Portal: 5/5 - Member Directory: 5/5 ##### Worst rated features - Attendance Tracking: 3/5 - Membership Renewals: 4/5 [See all features](/membership-management/membership-toolkit-profile/#key-features) #### Pricing ##### Essential - Price: $550.00/year - Membership Toolkit yearly subscriptions feature a simple pricing approach, with no hidden fees. The ##### Premium - Price: $850.00/year - Membership Toolkit yearly subscriptions feature a simple pricing approach, with no hidden fees. The ##### Concierge - Price: $1,150.00 - Membership Toolkit yearly subscriptions feature a simple pricing approach, with no hidden fees. The [See full pricing details](/membership-management/membership-toolkit-profile/#pricing-and-plans) --- ### [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/) --- ### [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) --- ### [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 Designed specifically for nonprofit organizations, AccuFund for Nonprofits is a simple, intuitive system with several customization options. It offers general ledger, financial [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) --- ### [Multiview ERP](/accounting/multiview-enterprise-profile/) - Overall rating: 4.4/5 - Reviews: 97 - Free trial: Not available - Free demo: Not available #### Overview Multiview Financials is the flagship ERP system developed, sold, implemented, and supported by Multiview Financial Software. Multiview is designed for organizations ranging in size [Read more](/accounting/multiview-enterprise-profile/) #### Features ##### Best rated features - Supply Chain Management: 5/5 - Multi-Location: 5/5 - Chart of Accounts: 5/5 - Multiple Projects: 5/5 ##### Worst rated features - Access Controls/Permissions: 2.7/5 - Expense Claims: 3/5 - Workflow Management: 3/5 [See all features](/accounting/multiview-enterprise-profile/#key-features) --- ### [Billhighway](/membership-management/billhighway-enterprise-profile/) - Overall rating: 3.9/5 - Reviews: 14 - Starting price: $1.00/month - Free trial: Not available - Free demo: Not available #### Overview Got Chapters? Billhighway is a Chapter Management Software that increases ROI across your entire organization by providing technology tools to help chapters perform better, and [Read more](/membership-management/billhighway-enterprise-profile/) #### Features ##### Best rated features - Membership Management: 5/5 - Online Invoicing: 4/5 - Mobile Payments: 4/5 - Contact Database: 4/5 ##### Worst rated features - Recurring/Subscription Billing: 1/5 - Membership Renewals: 1/5 - Event Scheduling: 1/5 - Event Management: 1/5 [See all features](/membership-management/billhighway-enterprise-profile/#key-features) --- ### [SylogistMission ERP](/nonprofit/serenic-profile/) - Overall rating: 3.9/5 - Reviews: 21 - Free trial: Not available - Free demo: Not available #### Overview With features built on the Microsoft Dynamics NAV platform, Serenic Navigator is an accounting solution for nonprofit organizations. This system includes tools for financial [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) --- ### [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) --- ### [Aplos](/nonprofit/aplos-profile/) - Overall rating: 4.4/5 - Reviews: 190 - Starting price: $79.00/month - Best for: Small businesses - Free trial: Available - Free demo: Not available #### Overview Aplos Accounting was built to simplify the often-complex process of fund accounting for small nonprofit organizations. This full-featured, best-of-breed application supports the [Read more](/nonprofit/aplos-profile/) #### Features ##### Best rated features - Membership Management: 5/5 - Financial Analysis: 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) --- ### [NetSuite](/accounting/netsuite-financials-accounting-software-profile/) - Overall rating: 4.2/5 - Reviews: 2,086 - Best for: Enterprise businesses - Free trial: Not available - Free demo: Not available #### Overview NetSuite is an AI-powered cloud-based business management suite that incorporates ERP, financial management, CRM and eCommerce functionalities into a unified platform, helping [Read more](/accounting/netsuite-financials-accounting-software-profile/) ##### What users love - Deep system tailoring options - Comprehensive and scalable functionality - Centralized financial operations platform ##### To take in mind - Steep learning curve and complexity - Complex and rigid reporting tools - Slow and inconsistent support experience #### Features ##### Best rated features - Aging Tracking: 5/5 - "What If" Scenarios: 5/5 - Knowledge Base Management: 5/5 - Vendor Master Data Management: 5/5 [See all features](/accounting/netsuite-financials-accounting-software-profile/#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) --- 1 [2](https://www.softwareadvice.com/category/415-nonprofit-accounting/?__ai_markdown=true&page=2)[3](https://www.softwareadvice.com/category/415-nonprofit-accounting/?__ai_markdown=true&page=3)[4](https://www.softwareadvice.com/category/415-nonprofit-accounting/?__ai_markdown=true&page=4) ## Popular Comparisons [ QuickBooks Online vs QuickBooks Enterprise ](https://www.softwareadvice.com/compare/49801-qb-desktop-enterprise/vs/393202-QuickBooks-Online/)[ NetSuite vs Xero ](https://www.softwareadvice.com/accounting/netsuite-financials-accounting-software-profile/vs/xero/)[ Chmeetings vs ChurchTrac ](https://www.softwareadvice.com/church/chmeetings-profile/vs/churchtrac/)[ Sage Accounting vs Sage Intacct ](https://www.softwareadvice.com/accounting/intacct-accounting-profile/vs/sage-business-cloud-accounting/)[ MoneyMinder vs Blackbaud Financial Edge NXT ](https://www.softwareadvice.com/nonprofit/blackbaud-profile/vs/moneyminder/)[ QuickBooks Online Advanced vs Multiview ERP ](https://www.softwareadvice.com/compare/1993-multiview-enterprise/vs/49805-QuickBooks-Online/) ## 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. Here's what we'll cover: [What Is Nonprofit Accounting Software?](#WhatIsNonprofitAccountingSoftware) [Common Features of Nonprofit Accounting Software](#CommonFeaturesofNonprofitAccountingSoftware) [What Type of Buyer Are You?](#WhatTypeofBuyerAreYou) [Benefits of Accounting Software for Nonprofits](#BenefitsofAccountingSoftwareforNonprofits) [Market Trends to Understand](#MarketTrendstoUnderstand) ## What Is Nonprofit Accounting Software? Nonprofit organizations, [associations](https://www.softwareadvice.com/nonprofit/association-management-comparison/), churches and faith-based ministries face different challenges than their for-profit counterparts. Among these challenges are a nonprofit’s accounting needs. Rather than managing sales and revenue, nonprofits have to manage donor contributions, fundraising events, grants, investment income, membership fees etc. In addition, with limited funds for administrative tasks and strict reporting requirements, such as FAS 116 and 117, nonprofit organizations can save time and money, while reducing the likelihood of reporting errors, by implementing a nonprofit accounting system. ## Common Features of Nonprofit Accounting Software Nonprofit accounting solutions aim to help organizations manage their finances in both an accurate and transparent manner. These solutions should include accounting features that are specific to nonprofits and enable them to: - **Manage funds and donations:** Nonprofits receive funds and donations from numerous sources (individuals, organizations and websites) and locations. They have to meticulously keep track of their earnings and expenses, as they may be subjected to federal audits. Any inconsistencies in their reports can subject them to reputation damage, fines or even legal action. - **Integrate online donations with primary fund pool:** Donations from different countries via websites or payment portals, such as PayPal, need to be reflected in the nonprofit’s main fund pool and not as a separate account. - **Filter reports by varying transaction codes:** Different transactions need to be assigned different codes for clarity and efficient fund management. Adding filters to expense and earnings reports will help users easily view these different transactions and provide clarity into how funds are used. - **Generate reports in multiple formats:** Nonprofits need to be able to create and present reports in a variety of different formats, such as Excel files or PDFs. This is because most volunteers are not proficient in accounting and thus need to view reports in familiar, easy-to-use formats. - **Convert donations in multiple currencies:** Donations or funds received in different currencies need to be integrated with the nonprofit’s primary account and converted automatically. ## What Type of Buyer Are You? Identifying what type of buyer you are can help you choose the right solution. You should be aware of your unique needs and pay only for the features you deem necessary. Many buyers mistakenly pay for solutions that offer a plethora of features that they rarely use. Common buyers of nonprofit accounting software include: - **Nonprofit or voluntary organizations:** These organizations depend solely on volunteer donations and sometimes receive corporate funding. Their primary expense is implementing social welfare programs and initiatives. - **Charities:** These can be privately or publically funded organizations that work toward a single cause. These organizations receive donations from many different sources, and thus must establish a single fund for all their expenses. - Churches**:** Funding is received primarily in the form of weekly collections and member donations. Since accounting is primarily managed by church attendees, churches need a solution that offers a simple, easy to use interface. - **Private schools, colleges and universities:** These institutions receive state or federal funding, private donations and tuition fees. In addition to managing funds, they need to allocate resources toward staff incomes, administrative costs, maintenance, promotions and/or advertisements and other daily expenses. Most schools have in-house accountants, so their needs are more complex and varied, which means they will likely seek a more robust nonprofit accounting solution. ## Benefits of Accounting Software for Nonprofits Nonprofit accounting solutions provide organizations of all sizes the tools they need to manage income and expenses efficiently. As nonprofits are subject to federal audits, it’s important to accurately record all of an organization’s financial details. Therefore, these systems track an organization’s donations, grants, expenses, assets and transactions. Their focus in on maintaining a healthy balance between receiving donations and spending funds on welfare activities. Similar to nonprofit accounting software, nonprofit financial software (sometimes called [fund accounting software](https://www.softwareadvice.com/accounting/fund-accounting-software-comparison/)), helps achieve fiscal transparency, ensure federal reporting standards are met, maximizes donor dollars and minimizes unnecessary expenses. _Accounts in Blackbaud Financial Edge_ These features work together so a nonprofit organization can make the most of their assets, maintain fiscal visibility, nourish their reputation and acquire lasting trust from supporters. ## Market Trends to Understand At the end of each fiscal year, nonprofit accounting regulations and end-of-year acquisitions and partnerships often become newsworthy topics. There is increased scrutiny around their operations and they are under pressure to ensure transparency, lest their funding be affected due to accounting inaccuracies. Here are some important trends to know about: **Keep fund ledgers separate.** Nonprofits must keep different ledgers for all of their fund sources: direct donations, grant monies, fundraising dollars, pledges etc. Nonprofit accounting software independently tracks fund sources and expense types, simplifying reports and ensuring accuracy. **Prioritize expenditures.** Ledger reports provide a holistic overview of an organization’s financial landscape. This allows an organization to strategically prioritize future investments and upcoming expenses. **Document and meet budget goals.** Having a holistic picture of an organization’s entire financial portfolio allows board members to create realistic budgets and meet associated goals. **Simplify tax preparation.** Many nonprofit accounting solutions include features that prepare the [Form 990](http://www.guidestar.org/rxg/help/faqs/form-990/index.aspx)—a tax form requiring certain federal tax-exempt organizations to file with the IRS. **Reinforce trust in your organization.** Transparency in an organization’s financial data shows current and prospective donors how their dollars are utilized. **Prevent fraud or errors.** Omissions or errors may occur due to internal deficiencies. Therefore, nonprofits should stick to the legal definitions of what constitutes contributions (revenues, gains, gifts or transfer of assets), donated services and expenses (fundraising and management). Understanding these trends and taking appropriate steps can help a nonprofit organization maximize their available assets, ensure fiscal transparency, boost its reputation and build trust. The right nonprofit accounting software will address all of an organization’s accounting needs. Daily operations also have to be run efficiently, as the goal of a nonprofit organization is benefit the community in which they operate. For more information on software especially for nonprofit organizations, read our nonprofit [buyer's guide](https://www.softwareadvice.com/category/4280-nonprofit/#buyers-guide). ### Related Nonprofit Accounting Software - [Accounting Software](https://www.softwareadvice.com/accounting/) - [Accounting Practice Management Software](https://www.softwareadvice.com/accounting-practice-management/) - [Bookkeeper Software](https://www.softwareadvice.com/accounting/bookkeeping-comparison/) - [Church Accounting Software](https://www.softwareadvice.com/category/3574-church-accounting/) - [Donation Management Software](https://www.softwareadvice.com/nonprofit/crm-software-comparison/) - [Financial Reporting Software](https://www.softwareadvice.com/accounting/financial-reporting-comparison/) - [Fund Accounting Software](https://www.softwareadvice.com/accounting/fund-accounting-software-comparison/) - [Nonprofit Software](https://www.softwareadvice.com/category/4280-nonprofit/) - [Tax Practice Management Software](https://www.softwareadvice.com/tax-practice-management/)