On the other hand, NonProfitPlus doesn’t list any pricing on its site—as with Sage Intacct, you have to get in touch with a representative for a quote. Customers report paying more than $600 a month for NonProfitPlus’s full suite of features, so if you’re looking for affordable nonprofit software, NonProfitPlus probably isn’t it. But even with its extensive accounting features, QuickBooks’s nonprofit software still doesn’t have as many nonprofit-specific features as Sage Intacct and Aplos. It’s also on the pricier end of accounting software that wasn’t built for nonprofits.

Steps to Efficient Nonprofit Bookkeeping

• We recognize that accounting never stops, and nonprofits need our help no matter where they’re located.
• These funds cannot be used for general operating expenses or other programs unless the donor explicitly allows it.
• She spent over 20 years in customer service, sales, data entry, and quality control before moving to Mosaic to use more of her analytical skills.
• Although it is ever-changing as it grows, standard accounting principles remain the same.
• It should also offer nonprofit-specific accounting functionality, such as the ability to receive donations, manage restricted funds and file Form 990.
• This includes providing accurate information on all related financial transactions, such as donations and expenses.

For effective financial management, both roles should work together seamlessly. While bookkeepers maintain the accurate daily records that accountants need for analysis, accountants set up the systems and procedures for the bookkeepers to follow. Donors want assurance that their financial support is put to good use. Government agencies, like the IRS, expect detailed reports for compliance.

• She has spent the last 10 years working for an aftermarket automotive company doing accounts payable.
• Fund accounting is a system used by non profits to manage and report their financial resources.
• 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.
• Connect your bank account and QuickBooks will learn to categorize expenses for you.
• Import transactions from apps like Fundly or DonorPerfect to QuickBooks easily so all your data is in one place.
• In most cases, it’s better to let your accounting software or a bookkeeper take care of this step for you.

Spend Safely with Nonprofit Accounting Services

• Zoho Checkout is free as long as you accept only 50 donations—ever, not per month.
• In this article, we’ll show you eight steps for effective bookkeeping, along with some of the best tools in the market that can help.
• Learning how to do nonprofit accounting and understanding which statements a nonprofit needs to prepare is crucial for anyone who wants to run a successful nonprofit.
• Nonprofits play a critical role in our society and we are passionate about supporting your important work.
• We’ll also handle a variety of analysis and reporting tasks, such as reconciling accounts, compiling financial statements, and issuing 1099s.
• The firm offers bookkeeping and accounting services for business and personal needs, as well as ERP consulting and audit assistance.
• She has worked in the accounting field for the vast majority of her adult life, to include the auto industry, banking industry, and many small to medium businesses throughout the country.

Bookkeepers with this expertise help nonprofits reduce risks and maintain financial integrity. Bookkeepers handle many types of financial data that need absolute precision. Even minor errors in recording transactions can result in poor decision-making and potential legal issues. Invoices should include a header with your logo and contact information, client contact information, invoice number and date, itemized breakdown of services, and terms and conditions.

Engage professional accounting partners

Fortunately, with the right accounting practices and organization, you can feel confident with complete compliance and transparency when it comes to your nonprofit’s finances. While many start with basic tools, growing nonprofits often need robust accounting software for nonprofit organizations to handle complex funding streams effectively. Every source requires a tailored accounting strategy to align with the organization’s comprehensive financial framework. Quality internal audits and audited The Key Benefits of Accounting Services for Nonprofit Organizations financial statements aren’t cheap, but they’re worth it.

Nonprofit Accounting: Basics and Best Practices Guide

We base our pricing on the amount of work, not the revenue of the organization or business. Our proposal will break down the costs per service and we try to offer options to meet every budget. Our basic full-service bookkeeping package typically starts at $299/month. Next, make a list of the features your organization needs to properly track, report and manage its funds and taxes. Such features may include the ability https://nerdbot.com/2025/06/10/the-key-benefits-of-accounting-services-for-nonprofit-organizations/ to track and allocate restricted funds, process payroll and pull reports to aid you in filing your 990 form. Now, reference your list of considered providers and the plans you can afford.