Non-Profit Invoice Template Free Download

Its intuitive interface and responsive support make it ideal for organizations with limited staff or accounting expertise. NonProfit+ is one of the best all-in-one accounting software solutions designed specifically for nonprofit organizations. To kick off our list of the best accounting software for nonprofit organizations, we’ll highlight those that offer industry-specific features. Adam Birch is a Team Lead at FreshBooks, dedicated to empowering small business owners, including those in the nonprofit sector, with the tools they need to thrive. With a deep understanding of the unique financial challenges faced by these organizations, Adam is passionate about demonstrating how FreshBooks can streamline operations and maximize impact. He believes that by simplifying accounting and financial management, nonprofits can dedicate more resources to their vital missions.

Xero: Runner-up

To help you track progress from different angles, the platform offers unlimited dashboards with intuitive grids, pie charts, and bar graphs. The premium plan includes accounts payable, accounts receivable, and direct cost allocations. SmartSimple offers a tiered software plan, each with a different implementation fee, starting at $5,000. Track donors’ contact information such as their address, email, phone number, and other information on contact cards with AccountEdge. Then, if your donor has a donation agreement, you can attach that information to the card and set reminders to contact them on a specific date.

• They should also let you track how your income and spending for the year compare to your budget goals.
• Today’s leading accounting platforms offer standard security features, such as data encryption, secure credential tokenisation and more.
• While both offer cloud-based access and integrations, QuickBooks is more robust overall, whereas FreshBooks shines in ease of use and client billing.
• It offers features like donor tracking, customizable chart of accounts, and nonprofit-specific reporting (e.g., Statements of Financial Position).
• For nonprofits with a keen eye on their bottom line that aren’t willing to compromise on features, we would recommend using Xero or Zoho Books instead.

The Best Accounting Software For Nonprofits Top 9 Tools

From tracking payments and expenses to creating reports and quarterly financial statements, FreshBooks is the go-to program with numerous uses. As mentioned, nonprofit organizations have tax-exempt status, meaning they don’t have to pay federal taxes to the IRS under Section 501. This section regulates the tax status of charities, religious organizations, and nonprofits. Depending on the size of your nonprofit organization and the number of transactions, it may be wise to do bank reconciliations once a month. That way, you’ll identify potential bank errors, help track cash flow, and prevent fraud. It goes without saying that you should never use your personal bank account for your nonprofit organization.

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They offer reminders for deadlines, track spending against eligible grants, and help with compliance reporting. The best accounting method for nonprofit organizations depends on their size and complexity. FreshBooks helps nonprofits manage expenses and budgets efficiently by providing tools for expense tracking, monitoring spending, and comparing them against budgets.

Additional users cost $10/month each, which can add up for larger teams (FreshBooks Pricing). FreshBooks also offers a 30-day free trial, allowing nonprofits to test its features without commitment. For more in-depth resources on nonprofit accounting, bookkeeping best practices, and expert tips, check out our accounting resource hub.

• With appropriate bookkeeping adoption, it could assist and prevent any organization from falling backward.
• You work hard for the causes you care about; keep your focus on what matters with the free non-profit invoice template that streamlines your billing process.
• It offers advanced accounting and other features to help nonprofits efficiently manage funds and grants.

Invoice With Freshbooks

The software also offers automated workflows and recurring transaction features to save time, helping nonprofits focus on their mission rather than manual accounting processes. Xero is a cloud-based accounting software designed for small and medium-sized businesses, providing tools for invoicing, expense tracking, and financial reporting. FreshBooks enables nonprofits to easily generate custom reports and detailed financial reports, providing transparency and ensuring compliance with regulatory requirements. These reports offer insights into financial health and support effective decision-making.

What Are Functional Expenses? A Guide to Nonprofit Accounting

It is used for a variety of purposes, including but not limited to educational and religious purposes. Sage Intacct is a cloud accounting software that provides a dashboard fully featured with a data overview for nonprofits to keep track of their operations. The application has the ability to manage nonprofits’ important finances and give expert services to assist integration with Safe Intacct itself.

NetSuite can help combine all your financial system needs into one platform. You can use it for real-time financial reporting, accounts payable and receivable, and fund accounting. NetSuite is an Oracle product known for offering enterprise-level solutions. It covers everything you need to simplify every financial aspect of running a nonprofit.

It will help effortlessly transition your accounting needs if your organization grows later. Its advanced reporting and analytics help improve your returns and keep the involved parties informed. You can also manage events and email campaigns to raise awareness about your cause. Zoho Accounting software protects your data and privacy with two-factor authentication and other security features. It gives you a 360-degree view of your financial performance and real-time insights into key metrics. When all your tools work in harmony, it reduces the need for manual data entry.

Accounting software can help churches and other religious institutions manage their finances more efficiently. With features such as donation tracking and fund accounting, churches can easily keep track of their income and expenses. Additionally, financial reporting features can help church leaders make informed decisions about their budgets and spending.

Is accounting software necessary for charities and nonprofit organizations?

Wave is a popular free freshbooks for nonprofits nonprofit accounting option, offering invoicing, basic expense tracking, and bank reconciliation. However, you may also want to look at ZipBooks or Akaunting for other no-cost features. Make sure to check if the free version covers the needs specific to your nonprofit before committing. Accounting software for nonprofits lets you track restricted and unrestricted funds separately.

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ZipBooks is an accounting software tailored to meet the unique needs of nonprofits, providing robust financial management tools to help organizations track donations, grants, and expenses effectively. As a result, it becomes time-consuming and tedious to keep track of all donors and their interactions. Accounting software offering donor management features can help you identify donor trends and improve your chances of receiving donations based on the relevant information. Free church accounting software may appear budget-friendly, but it often lacks the essential features growing churches require. In contrast, FreshBooks offers advanced tools such as automated donation tracking, detailed financial reporting, and payroll management.