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Best Nonprofit Accounting Software

Unlike businesses, nonprofits do not sell products or services for profit; instead, they focus on activities meant to benefit the public, the organizations’ members, or a specific group. The laws governing tax-exempt organizations such as nonprofits creates the need for specific accounting software. Nonprofit accounting software focuses on funding in its various forms (grants, donations, gifts, or members' contributions). Nonprofit accounting helps organizations manage their finances transparently so donors can understand how their contributions are used. Special accounting reporting is also necessary to comply with regulations for grant submissions.

Nonprofit accounting software integrates with other solutions that nonprofits use to manage donations and gifts such as donor management software, nonprofit CRM software, or fundraising software.

To qualify for inclusion in the Nonprofit Accounting category, a product must:

  • Comply with not-for-profit accounting standards
  • Track payments for donations, gifts, or grants and allocate funds to various programs
  • Manage other types of transactions such as returns, sales cancellation, or exchanges
  • Help accountants show financial accountability to the board of directors
  • Generate not-for-profit accounting documents such as end-of-year donations statements or donor contribution reports
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    PyanGo can manage direct and indirect costs related to the grant, and allocate expenses on the business: by grant, by project, or by program.

    SafeChoice offers accounting for non-profit organizations and municipalities

    Syntapa eIS is an association management software with solutions in fund accounting and membership management

    This solution has the entire set of features that the Tangicloud team developed, and is embedded completely throughout the Dynamics NAV/365 solution.

    USL Financials Accounting is a fund accounting software provider of fund accounting financial enterprise management and procurement solutions. The company is focused on state and local governments, not-for-profit organizations, educational and research institutions.

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