Nonprofit Accounting Software

Nonprofit Accounting Software Overview


Nonprofit accounting software are accounting products designed to meet the specific needs of nonprofits compared to for-profit organizations. These products could simply offer specific nonprofit addons to their more general-use accounting platforms, or be tailored from the ground up for nonprofit organizations.


Top Rated Nonprofit Accounting Products

TrustRadius Top Rated for 2022

These products won a Top Rated award for having excellent customer satisfaction ratings. The list is based purely on reviews; there is no paid placement, and analyst opinions do not influence the rankings. Read more about the Top Rated criteria.

Nonprofit Accounting Products

(1-20 of 20) Sorted by Most Reviews

The list of products below is based purely on reviews (sorted from most to least). There is no paid placement and analyst opinions do not influence their rankings. Here is our Promise to Buyers to ensure information on our site is reliable, useful, and worthy of your trust.

Sage Intacct

Sage Intacct

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Sage Intacct is a cloud ERP system targeted at high-growth small and medium-sized businesses. Intacct includes applications for core financials and accounting, purchasing, order management, and financial reporting and business intelligence. It also integrates with 3rd party software…

Key Features

  • Accounts payable (791)
    85%
    8.5
  • Standard reports (773)
    81%
    8.1
  • Custom reports (767)
    80%
    8.0
MIP Fund Accounting

MIP Fund Accounting™ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.…

QuickBooks Online

QuickBooks Online is a SaaS version of the QuickBooks product. It contains all of the features found in the local version. Higher-priced plans include greater automation, payment management, inventory and time tracking, and analytics features.

Key Features

  • Accounts receivable (126)
    85%
    8.5
  • Bank reconciliation (132)
    84%
    8.4
  • Standard reports (123)
    84%
    8.4
QuickBooks Desktop Pro

Quickbooks Desktop Pro is accounting software from Intuit, Inc. It includes core accounting features, plus analytics and exportable reports. It is offered in on-premise and SaaS forms.

Key Features

  • Bank reconciliation (109)
    88%
    8.8
  • Accounts receivable (109)
    86%
    8.6
  • Standard reports (108)
    86%
    8.6
Blackbaud Financial Edge NXT

Financial Edge NXT is a cloud accounting solution tailored for nonprofits that provides a general ledger, projects, grants, endowments, accounts payable and receivable, fixed assets, banking, and more. It offers real-time reporting, with one-click drill-down functionality and export…

Key Features

  • Accounts payable (39)
    92%
    9.2
  • Standard reports (38)
    92%
    9.2
  • Custom reports (37)
    92%
    9.2
Sparkrock

Sparkrock’s cloud-enabled solution helps organizations manage their finance and accounting, human resources and payroll, human services case management, and donor and fundraising activities.According to the vendor, key benefits and features include:Finance Management with capabilities…

Key Features

  • Accounts payable (5)
    100%
    10.0
  • Role-based user permissions (5)
    90%
    9.0
  • Accounts receivable (5)
    90%
    9.0
Denali Fund

Cougar Mountain Software in Boise offers Denali Fund, an on-premises accounting software for nonprofits designed to ensure an accounting system is GAAP and FASB compliant and contains an unbreakable audit trail to deter fraud.

Nonprofit Treasurer

Nonprofit Treasurer is presented as a simple accounting app designed specifically for nonprofit governing boards and volunteer treasurers.

FREY Municipal Software

FREY Municipal Software (FMS), headquartered in Fort Thomas, Kentucky, develops and refines applications to manage the core public sector functions associated with Budgetary Finance, Payroll and Public Utility Billing and administration. They aim to deliver a suite of "Perpetually…

MoneyMinder

MoneyMinder Treasurer software, from the company of the same name in Bellingham, is a web-based software for volunteer run nonprofits. They state they provide treasurers information, resources & solutions to help nonprofits be more effective & efficient in managing their group's…

AccuFund

AccuFund in Castle Rock offers what they describe as a total non-profit success solution that integrates technology, consulting services and industry best practices. Their programs and services aim to provide organizations with the ability to increase operational efficiencies and…

Araize FastFund Online

FastFund Online from Araize is an SaaS system that integrates nonprofit, fund accounting, fund raising (CRM) and payroll in a single solution. The vendor says FastFund Online is designed to help nonprofits take control of their fiscal and development responsibilities in order to…

Aplos Nonprofit Software

Aplos Software headquartered in Fresno provides their nonprofit CRM, providing contact management and list creation via donor database, with fund accounting, as well as fundraising tools, marketing, and event registration.

GMS Accounting and Financial Management Reporting System

The GMS Accounting and Financial Management Reporting System, from Grant Management Systems in Kensington, is not a traditional commercial accounting or government fund accounting package adapted for nonprofit use, but is designed to meet the highly specialized requirements of nonprofit…

Sumac, by Silent Partner

Sumac, by Silent Partner Software headquartered in Quebec, is a total non-profit management solution, providing donor management / CRM, donation management, and accounting.

Fund EZ

Fund EZ is presented as a simple, affordable nonprofit accounting software solution from the company of the same name in White Plains.

Argenta, by Devscape

Argenta, or Argenta Software, is nonprofit software designed to automate daily tasks and keep track of everything, presented as an affordable, all-in-one, cloud software, from Devscape Software in Jacksonville.

Windfall

Windfall is an AI platform that helps nonprofits engage donors, by providing actionable consumer financial data that is refreshed on a weekly basis. Windfall delivers contextual analysis, putting donor databases in a framework that can then be used for data science. Windfall Data…

OSAS Traverse ERP, now from Aptean

TRAVERSE Accounting and Business Software (Enterprise Resource Planning - ERP) is a business accounting software suite for small- to medium-sized businesses using the Microsoft Windows operating system from Open Systems, Inc, which was acquired and is now supported by Aptean since…

Serenic Navigator

Serenic Navigator is presented by Serenic Software in Lakewood as a comprehensive cloud ERP solution designed especially for educational or non-profit organizations, including community and social services charities, educational and research foundations, faith-based organizations,…

Learn More About Nonprofit Accounting Software

What Is Nonprofit Accounting Software?


Nonprofit accounting software are accounting products designed to meet the specific needs of nonprofits compared to for-profit organizations. These products could simply offer specific nonprofit addons to their more general-use accounting platforms, or be tailored from the ground up for nonprofit organizations.


Nonprofit Accounting vs. For-Profit Accounting Software

Like for-profit businesses, nonprofits need to be able to track income and expenses, and submit the appropriate filings for legal and tax purposes. However, nonprofit accounting software has emerged as a more robust market in response to the unique and stringent financial needs many nonprofits face.


For instance, nonprofits must abide by strict legal standards and guidelines that require enhanced financial tracking and reporting compared to for-profits. The most well-known examples of these standards in the United States are FAS 116 and 117, but the specific requirements vary by regulatory jurisdiction.


Accounting software that offers features for nonprofits specifically can streamline the processes required to abide by these rules. They are also more likely to offer financial features specific to nonprofits, such as donor management capabilities. Some nonprofit accounting software is also designed to be usable by employees or volunteers who lack accounting experience, since nonprofits don’t always have the budget for keeping accountants on staff.


Like more general-use solutions, there is a range of cloud-based and on-premise nonprofit accounting products. Nonprofits that operate nationally, or internationally in particular, would benefit from the flexibility that a cloud-based software offers. However, some high-end products or very cheap/free products are only available on-premise.




Nonprofit Accounting Software Comparison

There are some common factors to consider when comparing nonprofit accounting software:


  1. Donor Management Features: Does the software include native donor management and tracking capabilities? This is particularly important if the nonprofit fundraising through high-volume or grassroots channels, where manual donor management is too time intensive to be feasible. Having a native donor management system can be more efficient than adding on a separate system for tracking donors.

  2. Cloud-base vs. On-Premise: Cloud-based systems can be easier to administer, but may also be more expensive than their on-premise counterparts. Single-location nonprofits could utilize an on-premise solution better, but multi-location organizations may prefer the additional flexibility of a cloud accounting solution.

  3. Ease of Use: How ease to use or beginner-friendly is each accounting option? Buyers should consider the level of accounting expertise the nonprofit has on hand, as this will determine what level of complexity or simplicity they can manage in an accounting system.



Start a Nonprofit Accounting Software comparison here

Pricing Information

Nonprofit accounting software is priced on an annual subscription basis, and often per user per year for cloud-based products. The cheapest nonprofit accounting software starts as low as $100/year, though most full accounting products start closer to $400-500/year. The more advanced and complex accounting solutions can reach $4,000/user/year. There are some free nonprofit accounting options, though these will only be viable for very small nonprofits that require the accounting basics only.



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Frequently Asked Questions

What is the difference between nonprofit and for-profit accounting software?

Nonprofit accounting software will offer more specialized functions to help nonprofits maintain reporting and accounting compliance with regulatory standards, and may offer other niche nonprofit features like donor management.

How do nonprofits benefit from specialized accounting software?

Nonprofits can streamline their financial regulatory compliance processes and reduce the risk of human error when filing or maintaining their finances.

Who can use nonprofit accounting software?

Accounting software is ideally used by trained accountants, but some nonprofit software is designed to be usable by laypeople in the event that nonprofits don’t have access to accounting services.

Is there any free nonprofit accounting software for nonprofits?

Some nonprofit accounting software will offer free versions, but these free options are only feasible options for very small nonprofits in most cases.

How much do nonprofit accounting solutions cost?

Nonprofit accounting software can range in price from $100/year to $4,000+/year.