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ZipBooks generates reports for you, so you don’t have to break out your calculator. Accept multiple kinds of payments by connecting your ZipBooks account to Square, Stripe or PayPal. By providing payment options Free Quickbooks For Nonprofits that are the most convenient, you make it easy for supporters to contribute. From accounting to marketing to supply chain management, here’s what you need to know to successfully run your business.

You can customize this chart of accounts to fit your organization’s needs. QuickBooks Premier is best suited for small- to medium-sized businesses and organizations. The software supports up to five users, although your costs will rise as you add more users, so this is something to keep in mind. MoneyMinder does offer additional services like bank integration and MyStore, which allows you to create an online store and accept online payments. With FastFund Payroll, you can also manage your organization’s payroll.

Versions of QuickBooks for Nonprofits

Merchant Maverick’s ratings are not influenced by affiliate partnerships. The nice thing about QuickBooks Desktop is that there is a solution for organizations of any size. For smaller to medium-sized nonprofits, QuickBooks Premier is an excellent fit.

You need to have capital to keep giving back, but you don’t have to sacrifice your cause to run your nonprofit like a cash flow positive business. Wave is simple and easy to use for anyone — no accounting experience needed. Thousands of small nonprofit organizations manage their finances with Nonprofit Treasurer. Fund accounting, also known as fund-based accounting, is the accounting system nonprofits use to keep their books and track funds. Need to save money while you get your new nonprofit off the ground? Our list of the year’s best free accounting software can help you keep your books in order while you plan for growth.

Sage Business Cloud Accounting

If you’re relying on multiple spreadsheets or outdated databases, Sumac can be an affordable upgrade that can streamline how you work with your constituents. You can use QuickBooks Enterprise Nonprofit to track expenses and donations, budget by program and compare to actuals, and create donor and grant reports. This version of QuickBooks allows you to accept donations and securely store donor information in your database. If you upgrade to the Gold, Platinum, or Diamond plans, you can even get payroll services for your organization and pay your staff directly through QuickBooks. Being our best small business accounting software, QuickBooks Online is a versatile and flexible accounting solution that can adapt to a nonprofit setup. Although it is primarily for for-profit organizations, you can customize it for nonprofit use by updating its chart of accounts. We highly recommend the Plus plan because of the location and class tracking features.

Donation details can be converted into ledger entries and reports for your bookkeeper or accountant, and you can craft summarized annual giving reports. Eric Gerard Ruiz is an accounting and bookkeeping expert for Fit Small Business. He completed a Bachelor of Science degree in Accountancy at Silliman University in Dumaguete City, Philippines. Before joining FSB, Eric has worked as a freelance content writer with various digital marketing agencies in Australia, the United States, and the Philippines. Eric is a staff writer at Fit Small Business and CPA focusing on accounting content. He spends most of his time researching and studying to give the best answer to everyone. Created by a certified CPA with 20+ years in the nonprofit space, Quickbooks Made Easy for Nonprofits is your partner in getting industry-specific Quickbooks education.

Free QuickBooks for Nonprofits: ZipBooks

A common problem with accounting and accounts payable is paper chasing. Avidxchange helps address this problem with automated invoice processing. Amid the pandemic, few https://www.wave-accounting.net/ sectors have had it so bad like the nonprofits sector. From donations to unemployment, the figures are gone so low in the valley—with no immediate respite in sight.