You can view the List of Best Nonprofit Accounting Software HERE.
An excerpt from the article is listed below:
No matter what stage your nonprofit is in – whether you’ve
just opened your doors with a handful of people, you’re growing quickly, or
you’re an established, stable organization with several departments, staying on
top of your accounting and bookkeeping is essential to your continued growth
and success.
Knowing
how much money is coming in, where it’s coming from, where it’s going – this
may not seem like too daunting of a task, especially at first. When you start
trying to manage your donations, maintain your budget, your payroll, and
invoices, plus keep accurate records for both your donors and for tax purposes,
it’s easy to get overwhelmed and start making mistakes, especially if you’re
relying on DIY spreadsheets or free fund accounting software tools that simply
doesn’t offer what you need.
That’s
where a quality nonprofit accounting software solution can be a game changer,
saving you time, reducing your stress, and most importantly, improving your
accuracy and record keeping by having everything in one place and not having to
rely on multiple tools. To help you choose which software is right for your
organization, we’re providing an in-depth look at some of the leading choices,
including features and what type of organization may benefit the most from each
one.
Why Choose Accounting Software Specifically Built for
Nonprofits?
This
list will include fund accounting software specifically designed for nonprofit
organizations or offer specific features necessary for NPOs. In addition to the
standard features found in for-profit business accounting software, like accounts
payable and receivable, budgeting and forecasting, these options often feature
tools specific to the needs of an NPO, such as tools to accept and record
donations, managing grants and trusts, and maintaining compliance.
Tips for Choosing the Right Nonprofit Accounting Software
Before
choosing your permanent accounting solution, it’s best to have clarity
regarding exactly what it is that you’re looking for. Consider making a list of
the following factors and compare your list with the overviews of your option.
- Scalable – As your organization grows, can your software keep up?
- Size – Will you need a robust solution designed specifically for large organizations or, if you’re a small or local NPO, will a lighter option work best?
- Cloud-based or desktop accounting– If you’re the only one doing the accounting and it’s only at the office, this may not be a factor, but cloud-based functionality allows any approved user to access it from anywhere.
- Features – Think about what you absolutely have to have from your software and make sure any one you choose comes with that.
- Price – How much can you comfortably afford to spend? Also, is it a one-time fee, monthly, or annual fee?
Feel
free to list anything you think of that you need to consider when making your
decision. It’s important to note that many fund accounting software options
offer tiered levels, like basic, standard, and premier, so when looking at
features, see which package it’s in and how that affects price.
Best Nonprofit Accounting Software Solutions [2019]
ShelbyNext Financials:
ShelbyNext Financials is
cloud-based accounting software that is designed specifically for churches of
all sizes. This is just one software platform for churches offered by Shelby
and other products can be bundled for full church management software
solutions.
Core features include:
- General ledger
- Accounts payable/receivable
- Fixed assets
- Bank reconciliation
- Payroll
- Purchasing management
Best for: Small to large churches needing
nonprofit accounting software that goes beyond just the basic functionality.
Contact for a demo here!
Source: Capital Business Solutions
ShelbyNext
Financials includes the accounting functionality churches need to properly
steward their finances. As you consider various accounting software options,
keep in mind that software which isn’t specifically geared towards non-profit
organizations may not have all the GAAP required features that you and your
auditors need. Also, if you prefer an all-in-one ChMS and accounting solution,
you have the option to integrate with ShelbyNext Financials ShelbyNext Membership, Shelby Arena, or
other Ministry Brands products.