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Now, reference your list of considered providers and the plans you can afford. Find the provider and plan that most closely matches the list of features your organization needs. Xero’s highly customizable and in-depth reporting tools make Xero stand out. By tracking categories, you know if funds are being allocated to the right projects based on donor intent.

QuickBooks for Nonprofits Pricing

Each subscription includes a 24/7 online Help Center, phone support, online webinars, personalized training, local user groups and an annual client conference. Put simply, quickbooks accounting whatever support format is easiest for your church is available with Realm. FreshBooks’ software stands out for its ability to track expenses and restricted funding.

Getting Started with QuickBooks for Nonprofits

• This allows Sage to dodge both of the biggest problems with solutions aimed at businesses of other sizes.
• Furthermore, FastFund also includes features such as FASB compliant financial statements and IRS 990 form preparation, as well as payroll and cost allocation features.
• This money comes in the form of a check that you deposit into your organization’s checking account.
• Small to midsize nonprofits will be best served by QuickBooks Premier, QuickBooks Premier Plus or one of the QuickBooks Online options.
• Its $15 per month plan ($1.50 per month for the first three months during the current promotion) offers invoicing and quotes tools, bill tracking for five bills, bank and Xero syncing and 30-day cash flow snapshots.

Ideally, the reports you run within your accounting software should help you automate the board presentation process and allow you to communicate effectively with your board members and other stakeholders. All of this being said, let’s explore the details of the desktop-based QuickBooks for nonprofits solutions you have to choose from. Additionally, for any of the four QuickBooks Online for nonprofits options, you also can choose to surpass the discount and instead opt for a 30-day free trial. Moreover, for the QuickBooks Online Plus or Advanced plan, you can use TechSoup to purchase the software at a discounted nonprofit rate. Therefore, let’s explore the various options you have if you’re looking for a QuickBooks for nonprofits solution—including QuickBooks Online and QuickBooks Desktop. Today’s leading accounting platforms offer standard security features, such as data encryption, secure credential tokenization and more.

Streamline and integrate your donation apps

Send your donors yearly donation statement with thank you letters attached. Advanced InventoryIncluded in the Platinum and Diamond subscriptions only. Includes related sub-features such as mobile barcode scanning, alternate vendors center and alternate vendors report, cycle count, bin location tracking, enhanced pick pack and ship, express pick pack and ship, landed cost. Shipping subject to terms and conditions set forth by UPS, FedEx, and USPS. Moreover, QuickBooks may limit compliance for nonprofits due to its limitations in providing FASB-compliant financial statements and handling federal accounting requirements for grants.

• Payroll services start at $20 per month and bookkeeping support starts at $149 per month.
• Have reports created and emailed automatically, from a statement of financial position, statement of financial activities, budget versus actual, and more.
• Review your deposits to verify that the amounts recorded accurately reflect the total funds you deposited into your bank account.
• We have shown the Statement of Financial Position in the image below to help you understand how the restricted funds reflect in it.
• To keep your nonprofit’s accounting practices on track, it’s best to invest in specialized software as soon as it’s within your organization’s budget and would effectively serve your needs.
• This level of financial oversight is crucial for nonprofits, which often operate on limited resources and need to maximize every dollar.

Please reach back out to me with any additional information on the issue so I can get you taken care of. Review eligibility requirements on this page and in the Official Rules, then complete the application questions, including 1 short essay. You’ll see a confirmation page when your application has been successfully received. The Talent Acquisition team is dedicated to connecting people with exciting career opportunities and partnership within Intuit. The team works with Intuit’s Tax and Bookkeeping experts, recruiters, and thought leaders to provide valuable resources, insights, and opportunities to help people achieve their career goals and business ambitions. As a QuickBooks expert, you’ll help clients navigate the platform and become an instrumental part of their bookkeeping activities.

However, for this particular course, we will solely focus on what it is and how you can implement it for your organization. While not fully free, TechSoup offers a significant QuickBooks nonprofit discount with one-time fees ranging from $39 to $160 depending on which product you choose. QuickBooks is an excellent tool for nonprofits looking to get a handle on their finances and accounting practices. With easy features and smart integrations with other software like Donorbox, QuickBooks is the way to go for nonprofits who need accounting help. At the end of the day, it’s up to you to decide if any of the QuickBooks for nonprofits options we discussed is right for your business.

• This can create internal control deficiencies which can negatively impact the nonprofit.
• These individuals don’t have much need to track expenses, but they do need something better than a static spreadsheet to keep track of all of their income, and that’s what FreshBooks provides.
• As a result, a significant portion of financial reporting must be done outside the system, typically in spreadsheets.
• Categorize revenue expenditures by fund or program, and create custom reports based on the data that matters most to your nonprofit organization.
• The Aplos Team is here to help you accomplish your goals with educational materials that can provide best practices, tips on how to use the software, and examples to inspire you.

You must use the Undeposited Funds account only for payments that are physically collected, including cash and paper checks. If you receive electronic payments, such as credit card and debit card payments and bank transfers, deposit them directly to your checking account since that is how they will appear separately on your bank statement. It can take a little bit of time and effort, but setting up your nonprofit’s QBO is an important step to ensuring your organization is accurately practicing fund accounting. The first step nonprofits should take is to make sure they have turned-on all of the necessary settings in QBO in order for them to be able to track revenues and expenses by donor, by project, and by service activity.

Do more for others with our nonprofit accounting software

Using the QuickBooks Online Advanced plan, your nonprofit can keep a close eye on each project’s cash flow via the Cash Flow Dashboard. Reporting tools help you create a spending roadmap so you don’t overextend your cash flow. Finally, the software’s CRM helps you get to know and retain donors via targeted engagement to keep your cash flow healthy. By utilizing QuickBooks effectively, nonprofits can maintain accurate and transparent records of their donations and grants, which is essential for financial management, donor trust, and compliance with regulatory standards. Setting up classes can also help you organize your nonprofit’s revenue by source.

But if QuickBooks isn’t quite the one for you, we’ve put together a list of attractive QuickBooks alternatives — from more affordable options to more effective tools to more conveniently integrated platforms. One of the best things about QuickBooks is its user-friendly interface. All QuickBooks Online products have the same interface, and so do all the QuickBooks Desktop products. There are also available free online training resources that you can use to get up to speed quickly. Payroll is an area that you don’t want to skimp on and try to do manually.