8 Best Accounting Software for Nonprofits 2024 Reviews

Upgrading to higher tiers grants you access to advanced features, such as double-entry accounting and bank reconciliation. If you’re a Linux user, your choices for free accounting software are more limited. GnuCash is a good option that’s compatible with Linux, as well as Windows, BSD, Solaris and Mac. It includes features, such as bank account tracking, expense tracking, https://intuit-payroll.org/ financial calculations and reports. While it doesn’t have as many extras with its small business features, it makes up for it in flexibility, with the ability to track stocks, commodities and other investments. FreshBooks being one of the best offline accounting softwares makes it easy to track time and expenses, assign them to the right invoice, and make edits as needed.

This offline accounting software has an estimate feature, a proposal feature, and an invoice feature to streamline the billing process. QuickBooks offers a discount on its QuickBooks Online software through TechSoup. This version of QuickBooks Online offers the accounting features and functionality nonprofits need, including the ability to manage nonprofit finances, file Form 990 and file taxes.

Meanwhile, QuickBooks Online received an above-average score for its mobile app. Also, it has a steep learning curve and a difficult setup process, so its score was docked in the ease of setup and use categories while QuickBooks Online earned near-perfect scores. It’s not the easiest program to set up, so it took a hit in that category, as well as its customer service. It does have solid tax and general reporting features, however, and it can track sales tax—although you must set up the sales tax for each jurisdiction manually where you’ll be paying tax. Also, although Zoho Books offers a 14-day free trial, it doesn’t offer a discount for new customers.

  1. We reviewed more than a dozen accounting software options using a detailed methodology to help you find the seven best QuickBooks alternatives.
  2. Xero’s non-cloud version includes all of the same features as the cloud-based version, so you can still take advantage of Xero’s easy-to-use interface and robust feature set.
  3. Though general-purpose accounting software is often less expensive than industry-specific solutions, NPOs must work harder to make general solutions fit their unique needs.
  4. Reporting tools help you create a spending roadmap so you don’t overextend your cash flow.
  5. Organization s that support and manage multiple entities should contact Aplos to discuss its Enterprise plan, which is tailored to each customer.

Wave offers fee-based bookkeeping services but lacks Intuit QuickBooks Live’s interactive quality. Moreover, FreshBooks supports diverse payment acceptance methods, facilitating hassle-free transactions with clients and customers. Its affordability makes it an attractive option for budget-conscious entities, rendering it a compelling choice for businesses seeking streamlined financial management without compromising on quality. Since it is installed locally, it may require regular updates and maintenance to ensure optimal performance and security. Described as the world’s simplest bookkeeping software, LedgerLite provides double-entry accounting to Windows users. With a low perpetual license fee starting at $50, LedgerLite offers only the basic accounting features you need to manage your general ledger accounts on a clean user interface.

Top 5 Non cloud-based accounting software for Small Businesses

If you are a small business owner, you know the last three years have been brutal. You survived the worst of the COVID-19 pandemic only to be slammed with crippling supply chain issues. You’ve had to focus more closely than ever on money coming in and going out. Small business accounting software can help you make smarter and better-informed plans for an uncertain future by organizing and automating your daily financial tasks. I’ve spent a lot of time and money purchasing and implementing accounting software as a CFO and COO for past employers.

GnuCash free accounting software is best for businesses that need to track investments and want software that’s compatible with Linux. FreeAgent is one of the best offline accounting software packages for small enterprises and freelancers in the United Kingdom. Accounting software like FreeAgent’s is notoriously complex and difficult to use, yet it has all the functionality a small company needs to keep its books in order.

For example, do you plan to use specific features such as purchase orders and inventory tracking? You can usually turn tools on or off, which can help you either simplify the user interface or maximize the functions. Another advantage of non-cloud accounting software is its one-time purchase cost. Unlike cloud-based solutions that typically require monthly or annual subscription fees, non-cloud software is usually purchased with a one-time payment. This can be more cost-effective for businesses in the long run, especially for those with limited budgets or who do not require frequent updates or support.

Who It’s For

One of TurboTax’s standout features is its extensive customer support, which provides assistance to users throughout the tax filing journey. This support ranges from live chat and phone support to an extensive knowledge base, offering reassurance and guidance to users facing questions or challenges. When you’re looking for accounting software, there are a few key features to keep in mind.

Please consult with a licensed financial or tax advisor before making any decisions based on the information you see here. These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, history and purpose of the amendment approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered. In Computer Science and Economics from Carnegie Mellon University, an M.S.

Wave: Best Free QuickBooks Alternative

QuickBooks Self-Employed wasn’t rated in this evaluation because of its inability to track assets and liabilities. However, its pricing is very affordable as it ranges from $20 to $40 per month. The platform includes many useful features like the ability to generate and track invoices, track mileage, and export your Schedule C to TurboTax. It also assists with calculating your quarterly federal tax payments and paying them from QuickBooks. In our evaluation, Zoho Books aced our mobile app and integrations categories and also scored high for its available reports. However, it took a hit in pricing because the Professional plan at $50 per month is required to use accounts payable (A/P) features.

How Do You Set Up Accounting Software?

Customer service is evaluated based on the number of communication channels available, such as phone, live chat, and email. Companies also receive points based on other resources available, such as self-help articles and user community. Finally, companies are awarded points based on the ease with which users will find assistance from independent bookkeepers with expertise in the software. Furthermore, Zoho Invoice fell short in terms of customer support lacking options for direct contact via phone or live chat. If prioritizing robust customer support is crucial, we suggest considering FreshBooks, where you can engage with a live agent directly through phone communication.

Sage Intacct’s dashboard allows users to keep tabs on cash flow and provides access to the standard reports needed by most companies. All sorts of changes may be made to the report to make it fit your needs. An attractive feature of Sage Intacct is its ability to split data for analysis. One of his favorite tools (here’s my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you’re on track to retire when you want. It’s one of the most popular money management techniques in personal finance.

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It also aced our evaluation of integrations, with more than 100 apps available in the Xero App Store. Wave offers a free plan (Starter) and a paid subscription option (Pro) that costs $16 per month when billed monthly or $170 per year when billed annually. The free plan includes features, such as income and expense tracking, invoicing, and a mobile app. Then, we looked for unique features that not every provider might offer but that we considered to be nice-to-have options for accounting software. These included multicurrency support, invoicing, bill payment, document management and offering training for the software use.

If you’re seeking accounting software that excels in these areas, we recommend Zoho Books. Wave’s free invoicing tools offer the ability to send customized and branded invoices and automated payment reminders. You can also accept credit cards, bank payments and Apple Pay from invoices. Its free accounting tools offer income and expense tracking, reports (such as overdue invoice reports) and a reporting dashboard. Finally, its banking tools allow you to automate bookkeeping, receive instant payments and deposit checks via a mobile app. Better Business Advice emphasizes essential factors to consider when choosing accounting software, including business needs, scalability, user-friendliness, integration capabilities, and security features.

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