As a non-profit organization, it is important to manage your finances effectively to achieve your mission. One way to do this is by using a good accounting software. With so many options available in the market, it can be overwhelming to find the right one for your organization.
In this blog post, we will provide a factual and unbiased comparison of the top accounting software options for non-profit organizations.
Quickbooks Non-Profit
Quickbooks is one of the most popular accounting software options available. Quickbooks Non-Profit version is specifically designed for non-profit organizations. It features fund accounting, donor management, 1099 electronic filing, and ability to track restricted grants. Quickbooks also provides a wide range of functionalities including accounting, invoicing, payments, and reporting.
Pricing Quickbooks Non-Profit has three main pricing tiers that depend on the number of users:
- For 1 user - $25/month
- For 3 users - $70/month
- For 5 users - $125/month
Pros
- User-friendly interface
- Good reporting capabilities
- Integrates with many third-party applications
- Good value for the features provided
- Offers a 30-day free trial
Cons
- Limited in the number of users
- Fund accounting features may not be as comprehensive as other options
Xero Nonprofit
Xero Non-Profit is another popular accounting software option for non-profit organizations. Similar to Quickbooks, it offers fund accounting, donor management, and the ability to track restricted grants. Xero also features an open API allowing for seamless integration with other software such as CRMs, payment processors and donor management software.
Pricing
- For 1 user - $19/month
- For 3 users - $40/month
- For 5 users - $63/month
Pros
- Easy to use interface
- Highly customizable
- Good value for the features provided
- Provides ample integrations with third-party apps
- Offers a 30-day free trial
Cons
- Limited in the number of users
- Reporting capabilities may not be as comprehensive as other options
Aplos
Aplos is an accounting software specifically designed for non-profit organizations. It has many features similar to Quickbooks and Xero including fund accounting, donor management, and ability to track restricted grants. Aplos is highly customizable as it has customizable chart of accounts that fits non-profit organizations' financial practices.
Pricing
- For 1 user - $59/month
- For 3 users - $99/month
Pros
- Thorough fund accounting features
- Comprehensive reporting capabilities
- User-friendly interface
- Good value for the features provided
- Offers a 15-day free trial
Cons
- Limited in the number of users
- May be too much functionality for smaller non-profit organizations
Conclusion
While all three options have their pros and cons, Quickbooks Non-Profit stands out with its user-friendly interface and reporting capabilities, while Aplos has the most thorough fund accounting features and reporting capabilities. Xero Non-Profit's highly customizable system makes it the best option for non-profit organizations seeking customized settings.
It is important to consider the individual needs of your non-profit when choosing an accounting software. When comparing pricing and features, keep in mind that the software you choose for your organization will significantly impact your business operations.
At the end of the day, the software that works best for your non-profit is the one that helps you achieve your mission most effectively!