The accounting needs of a nonprofit organization differ greatly from those of a for-profit company. Taxes are a different animal, reports of financial income and expense are a necessity, and there’s probably a need to track donor information. While it’s possible to make a traditional accounting solution work if you run or work at a nonprofit, you’re really better using a nonprofit accounting software.
Luckily for you, there’s no shortage of options to choose from when it comes to this industry-specific software. We’re going to take a look at some of the best-reviewed nonprofit accounting tools according to verified G2 Crowd real user reviews, and what to consider when making your buying decision.
Netsuite for Nonprofits
Netsuite for Nonprofits’ accounting capability is just one component of its nonprofit management tool. The product is highly rated by users and is one of only two Leaders on the G2 Crowd Grid® for Nonprofit Accounting as of October 10, 2017. Users compliment the system’s ability to keep track of donor information as well as automate several (formerly) manual data entry processes.
Aplos Nonprofit Accounting
Aplos Nonprofit Accounting is a great resource for thousands of nonprofit organizations. The product offers a bevy of features including budgeting, advanced reporting and donor tracking. The nonprofit accounting tool has the highest rated satisfaction score on G2 Crowd’s Grid® for Nonprofit Accounting as of October 10, 2017. According to user reviews, Aplos boasts a simple and highly usable interface.
Sage Intacct offers a total ERP system solution with the option to purchase an accounting module that is perfect for small businesses. Users tend to love the software’s reporting capabilities as well as the general ledger component of the tool. It has the third-highest satisfaction score of all the products which qualify for G2 Crowd’s Grid® for Nonprofit Accounting.
While those three nonprofit accounting products have received rave reviews from users, there are plenty of other tools that may be a great fit for your business. Consider things like the industry of your nonprofit when making a decision on accounting tools. For example, there are some accounting applications designed specifically for churches, such as Breeze or Church Windows. If you need an accounting tool for your church or other specific nonprofit niche, you may be better off looking for a product like these.