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Aplos Fund Accounting

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 assignment and tracking of important data.
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Sage Intacct

Sage Intaact offers a financial management solution for nonprofit organizations that manages grants, funds, projects, and donors. This helps automate accounting processes and boosts operational visibility.
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Abila MIP Fund Accounting

Abila MIP Fund Accounting software provides a cloud-based or on-premise solution exclusively for nonprofits and government agencies. It is an integrated solution providing core fund accounting, payroll, human resources, and more.
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Denali FUND

Denali FUND is a system that offers accounting options for nonprofits with multiple funds. The product is suitable for small to midsize nonprofit organizations that need to manage accounting. The system is offered both as a web-based... Read More
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AccuFund Accounting Suite

Designed specifically for nonprofit organizations, AccuFund for Nonprofits is a simple, intuitive system with several customization options. It offers general ledger, financial reporting, bank reconciliation, and more.
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Abila Millennium (formerly Sage Millennium)

Abila Millenium (formerly Sage Millennium) is a comprehensive, web-based solution designed to handle the often complicated and unique needs of nonprofit organizations and agencies looking to streamline and simplify their fundraising... Read More
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Financial Edge by Blackbaud

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 user-friendly and intuitive solution.
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Unit4 Business World

UNIT4 Agresso is a comprehensive ERP solution that can help large nonprofits boost their financial accountability, transparency, and efficiency. It also offers features that monitor regulatory and reporting requirements.
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FUND E-Z Fund Accounting

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 project management.
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Stratus365

Stratus365 is a web-based solution designed for mid-sized and enterprise-class non-profits. The fully integrated suite focuses on relationship management with features to support online and traditional fundraising, business intelligence,... Read More
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NetSuite

With NetSuite's unified business management solution, nonprofit organizations can manage their entire end-to-end operations with a single business application. It integrates accounting, fundraising, customer relationship management... Read More
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Raiser's Edge NXT

Raiser’s Edge NXT is an integrated, cloud-based fundraising and relationship management solution for nonprofits. Raiser's Edge NXT provide tools to streamline various activities of a nonprofit organization and provide a single view... Read More
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Sparkrock

Sparkrock is an all-in-one solution for large and midsize Nonprofit organizations. It offers Finance & Accounting, Workforce Management, Payroll, Employee Scheduling, Case Management and Donor Management. Each module can be purchased... Read More
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FastFund Nonprofit Fund Accounting

FastFund Nonprofit Fund Accounting performs fund accounting operations for nonprofit organizations. The system’s modules include fund accounting, accounts payable and receivable, cost allocations, payroll and fundraising donor management. FastFund... Read More
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Serenic Navigator

With features built on the Microsoft Dynamics NAV platform, Serenic Navigator is an accounting solution for nonprofit organizations. This system includes tools for financial tracking, recording, and reporting.
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Abila Fundraising 50 (Sage)

Offering an intuitive, easy-to-learn and incredibly inclusive fundraising system, Abila Fundraising 50 (formerly Sage Fundraising 50) is a fully integrated solution for nonprofits in need of complete coverage of their fundraising and... Read More
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The Raiser's Edge

As one of the nonprofit sector's most popular fundraising tools, The Raiser's Edge is a comprehensive system that helps nonprofits achieve their mission by getting the very most out of their existing fundraising strategies. With more... Read More
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Sumac

Sumac is a software system designed for small to midsize non-profits that need technology to manage fundraising and donor management, contact management, event management, marketing outreach and membership management. The solution... Read More
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Agilon's ONE

Designed to equip nonprofits with cloud technology to manage their organization, Agilon’s ONE donor management and customer relationship management (CRM) system offers best-of-breed solutions for fundraising, donor management and... Read More
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Orange Leap On Demand

Orange Leap is a web-based fundraising, donor management and non-profit CRM (constituent relationship management) system designed for the small and midsize non-profit organizations. The solution can be used by all types of non-profits,... Read More
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FundRaiser

FundRaiser Software is a fundraising and donor management solution that meets the requirements of small to midsize nonprofits. The software is suitable for a range of nonprofits including churches, public broadcast, healthcare, animal... Read More
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GMS Accounting and Financial Management/Reporting System

Providing an integrated core accounting solution, GMS Non-Profit Accounting software is designed to help non-profit and public organizations meet industry requirements for contracts and grant accounting in a single platform.
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Causeview

Causeview is a cloud-based nonprofit management system suitable for nonprofit organizations looking for donor management and payment processing. The system is built on the Salesforce platform, bringing fundraising, event and volunteer... Read More
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OneNFP Financials

OneNFP Financials is a comprehensive Web-based accounting platform that can manage nonprofit financial processes for small and midsize organizations, including fundraising, reporting, grant management and daily administration.
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Fundly

Launched in 2009, Fundly is an online fundraising platform used by nonprofits, charities, clubs and other organizations that seek to raise money for a cause. With this application, fundraisers can create custom, mobile-friendly donation... Read More
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Personify360

Personify360 is a complete Web-based association management system offering operational support for large associations. It features a number of integrations through third-party service and solution providers. Personify360’s customer... Read More
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Wild Apricot

Wild Apricot is a cloud-based membership management system used by business and trade associations, chambers of commerce, nonprofits, charities, clubs and community organizations. It supports organizations from a few members to 15,000... Read More
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YourMembership.com

YourMembership.com is an integrated suite of online membership management applications used by associations and other member organizations to engage members, track financial data and support administrative processes. The platform... Read More
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Donor Tools

Donor Tools is a Web-based donor management application developed by Higher Pixels. Designed for small and midsize nonprofits, charities and faith-based organizations, this system allows fundraisers to track contributions from 500... Read More
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MemberNation

MemberNation from Fonteva is an association management system built on the Salesforce platform. This system captures and tracks all member data to give association managers a complete view of all members and activities. MemberNation’s... Read More
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DonorNation

DonorNation by Fonteva is an integrated suite of applications that nonprofits and charitable organizations can use to manage tasks related to fundraising and donor management, including accounting, event planning, online fundraising... Read More
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Exceed

Telosa Software’s Exceed products support the most common nonprofit management tasks, including fundraising, donor and contact management, event planning, volunteer coordination, constituent communications and reporting. The Exceed... Read More
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Abila netFORUM

Abila netFORUM is a web-based association management system from Abila (formerly Sage) and is used by associations, nonprofits, and government agencies. The system includes modules for managing events, member profiles, membership... Read More
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Shelby Financials

Shelby Financials software is a best-of-breed fund accounting program for maintaining church budgets and financial records. This solution includes functionality to manage all accounting processes, including accounts payable (AP) and... Read More
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OASIS

OASIS’ best-of-breed accounting software supports accounts payable and receivable, budgeting, general ledger and payroll. Offered as both Web-based and on-premise solutions, it’s best suited for small to midsize nonprofits.
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Acumatica

Acumatica Financial Management Suite is a web-based accounting and financial management system for non-profits. Within the suite, they also offer integrated donor management, grant management, and eCommerce.  Each application includes... Read More
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Dashboard

Dashboard is a cloud-based association management system offering a full range of capabilities that support association operations, including membership tracking, event planning, accounting, board and committee management and more. The... Read More
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BidPal

BidPal’s fundraising suite is a fundraising and event management solution for any size nonprofit. It supports activities including donor management, online fundraising, auction execution, event planning and mobile bidding. The event... Read More
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ClearGIVE Complete

ClearGIVE Complete is an end-to-end fundraising and constituent management solution, built to support activities in nonprofits of all sizes, faith-based groups, churches, foundations and charitable organizations. It includes functionality... Read More
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Abila Elevate™

Abila Elevate™ is cloud-based fundraising software for non-profit organizations. The system is a platform that assists in donor tracking and communication. It offers a customizable dashboard that gives an overview of the organization’s... Read More
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CommitChange

CommitChange is a comprehensive fundraising and donor management platform for handling constituent management, event planning and ticketing, online fundraising, membership management, volunteer coordination and more. Its fundraising... Read More
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MOHID

MOHID’s suite of fundraising and donor management tools is developed specifically for mosques and other Islamic member-based organizations. Core applications include fundraising, accounting, membership, donation and events management. This... Read More
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Bidcoz

Bidcoz is a cloud-based non-profit software solution for small to mid-sized organizations. Key features include functionality for hosting auctions, selling tickets, soliciting sponsorships and encouraging donations. Bidcoz allows... Read More
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Flipcause

Flipcause is a cloud-based nonprofit software solution. Key features include donor management, charity/event planning, volunteer management, association and membership management and fundraising. Flipcause is designed to help nonprofits,... Read More
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Optimy

Optimy is a cloud-based project management software solution specializing in sponsor and partner management for non-profit organizations. Key features include project management, budgeting, document management, project collaboration,... Read More
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Abila Fundraising 50

Offering an intuitive, easy-to-learn and incredibly inclusive fundraising system, Abila Fundraising 50 (formerly Sage Fundraising 50) is a fully integrated solution for nonprofits in need of complete coverage of their fundraising and... Read More
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MicroEdge GIFTS

MicroEdge GIFTS is a cloud-based grant management solution. It caters to community, education and faith-based foundations, corporations, financial services providers, government agencies and philanthropic advisors of all sizes. Primary... Read More
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Fluxx

Fluxx is a cloud-based grant management solution. It caters to small, midsize and large nonprofit agencies, government agencies and corporations. Primary features include grant and application management, budget and finance management,... Read More
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Arts People

Arts People is a cloud-based fundraising and donor management solution designed for nonprofit performing arts organizations. It offers a donor database, marketing management, ticketing and reporting within a suite. The Arts People... Read More
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Sustain

Sustain is a cloud-based fundraising software for small and midsize organization with features such as volunteer management, gifts and grant management, information management and reporting tools. Sustain’s donor management module... Read More
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Buyer's Guide

Here's what we'll cover:

What Is Nonprofit Accounting Software?
Common Features of Nonprofit Accounting Software
What Type of Buyer Are You?
Benefits of Accounting Software for Nonprofits
Market Trends to Understand
Recent Events You Should Know About

What Is Nonprofit Accounting Software?

Nonprofit organizations, associationschurches 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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), helps achieve fiscal transparency, ensure federal reporting standards are met, maximizes donor dollars and minimizes unnecessary expenses.

Accounts in Blackbaud Financial Edge

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—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

Recent Event You Should Know About

FASB releases new accounting standards for nonprofits. The Financial Accounting Standards Board (FASB) updated the basic financial reporting model of nonprofits in August 2016. These revisions aim to provide better insight into nonprofits’ expenses and liquidity, investments and classification of their net assets. The new rules will give donors, creditors and others a more detailed picture of the operations and financial condition of nonprofits. The guidance will apply to all nonprofits, such as charities, religious institutions and private colleges and universities, which file financial statements based on generally accepted accounting principles.