8.5
Editor’s Rating:
Best Overall
MIP Fund Accounting: MIP Cloud Dashboard
MIP Fund Accounting
  • Collect donations from desktops, tablets, and mobile devices
  • Track real-time donation, registration, and RSVP metrics
  • Integrates well with other software
8.1
Editor’s Rating:
Best for Grant-Specific Budgeting
Blackbaud Financial Edge NXT: Budget Page
Blackbaud Financial Edge NXT
  • Comprehensive training resources
  • Extensive reporting tools
  • Modules for accounts payable, receivable, etc.
8.0
Editor’s Rating:
Best for Educational Organizations
AccuFund Accounting Suite: Dashboard
AccuFund Accounting Suite
  • Low hardware and training costs
  • Straightforward payroll module
  • Intuitive for new users

Accounting software for nonprofits handles financials, invoicing, and donation and grant management for organizations. Using our advanced review methodology, we ranked the top systems below.

1 MIP Fund Accounting - Best Overall

Why we chose it: MIP Fund Accounting, formerly Abila MIP or Sage 100 MIP, is our best overall pick because of the depth and breadth of its features. These include complex fund accounting, procurement, and budgeting. MIP also covers payroll, HR, timekeeping, fixed asset management, and grant management through 25 modules, earning its 8.5 score.

We like that the platform can track unlimited funds, including advanced audit reporting and fraud deterrence. Its flexibility in deployment, with options for cloud-based, on-premise, or self-hosted systems, allows organizations to tailor the software to their specific operational needs. One drawback of the system is that users report it’s not user-friendly, specifically with reporting functions. To combat this, MIP Fund Accounting does offer webinars, guides, and training to help familiarize users with the software.

Best Overall:
MIP Fund Accounting

MIP Fund Accounting: MIP Cloud Dashboard
MIP Fund Accounting: Reporting
MIP Fund Accounting: Advanced Audit Features
MIP Fund Accounting: Internal Controls for User Rights
MIP Fund Accounting: Bank Reconciliation
MIP Fund Accounting: Multiple Budget Worksheets
What We Like
Collect donations from desktops, tablets, and mobile devices
Customizable Reports
Integrates well with other software
What We Don’t Like
Clunky design
Not very user-friendly
Weak Reporting Capabilities
Overview
Price Range: $$$
Client OS: Windows
Deployment: Cloud or On-Premises

2 Blackbaud Financial Edge NXT - Best Grant-Specific Budgeting

Why we chose it: We found Blackbaud Financial Edge NXT adept at grant and fund-specific budgeting capabilities, giving it a rating of 8.1. The platform aids grant management by offering detailed tracking and reporting capabilities, allowing nonprofits to monitor spending, compliance, and performance against specific grant requirements. We like that users can create a separate financial record for each restricted fund, enabling transparent usage tracking and reporting.

Blackbaud Financial Edge NXT also provides granular tools for tracking transactions by net asset class, maintaining a clean account structure for capturing program, grant, and department info. It ensures compliance through user-specific access rights and approval controls. In this way, Blackbaud Financial Edge NXT provides secure data management and enhances strategic decision-making based on accurate financial data. While its grant budgeting tools are effective, we found the lack of payroll and HR modules to be a drawback at its high price point.

Best Grant-Specific Budgeting:
Blackbaud Financial Edge NXT

Blackbaud Financial Edge NXT: Budget Page
Blackbaud Financial Edge NXT: File Preview
Blackbaud Financial Edge NXT: Analysis Page
Blackbaud Financial Edge NXT: Accounts Filter
Blackbaud Financial Edge NXT: Bank Account
Blackbaud Financial Edge NXT: BS Report
Blackbaud Financial Edge NXT: Project Record
Blackbaud Financial Edge NXT: Vendor Activity
What We Like
Cloud accounting solution
Comprehensive training resources
Financial Reporting Tools
What We Don’t Like
Custom reports are limited
Inability to Drill-Down on Report Line Items
Overview
Price Range: $$$
Client OS: Web
Deployment: Cloud Hosted

3 AccuFund Accounting Suite - Best for Educational Organizations

Why we chose it: We recommend AccuFund Accounting Suite for educational nonprofits such as private, charter, and universities, earning it an 8.0 score. It includes grant, budget, and allocation management to help schools enhance their financial performance. For instance, the budget development module supports unlimited cycles and budgeting at any organizational level. Organizations can better allocate their expenses through budget management for every program.

We also like AccuFund’s modular structure, which helps organizations tailor the system to their specific workflows by selecting a few modules and adding more as their needs evolve​​. This flexibility is further enhanced by the option for either cloud-based or on-premise deployment to best fit nonprofit schools’ infrastructures and operations. We also like its grants management module, which streamlines the entire process from application through reporting. However, one drawback to AccuFund is that it can be difficult to export data to Excel, specifically budgets.

Best for Educational Organizations:
AccuFund Accounting Suite

AccuFund Accounting Suite: Dashboard
AccuFund Accounting Suite: Requisitions
What We Like
Intuitive for new users
Low hardware and training costs
Straightforward payroll module
What We Don’t Like
Exact pricing details unavailable without a consultation
Limited export functionality
Overview
Price Range: $$
Starting Price: $2,995 (perpetual license)
Client OS: Windows
Deployment: Cloud or On-Premises

4 Aplos Fund Accounting - Best for Faith-Based Organizations

Why we chose it: We found Aplos Fund Accounting best for small-midsized churches because of its user-friendly UI and donor management. Aplos covers donation tracking and event registration, providing integrated online donation forms and detailed reporting capabilities. It also features a donor database with customizable profiles, segmentation tools, and integration with email providers for personalized communication. We like its straightforward design for users like volunteer church treasurers who don’t have extensive accounting backgrounds.

We also like Aplos’ ability to manage various funds, each with specific restrictions and reporting requirements. Its true fund accounting allows these organizations to accurately track and report on each fund separately, ensuring compliance and maintaining donor trust. With over 70 built-in customizable reports, organizations can get granular insights into all aspects of their financial performance. However, we wouldn’t recommend Aplos for large nonprofits that require more comprehensive features like payroll or project management.

Best for Faith-Based Organizations:
Aplos Fund Accounting

Aplos Fund Accounting: Accounts to Tag
Aplos Fund Accounting: Reports
Aplos Fund Accounting: Dashboard
What We Like
All-in-one financial solution
Customize and export timely financial reports
Easy for newly trained volunteers to learn
What We Don’t Like
Best suited for small to midsize; not enterprise
Limited invoice customization
Overview
Price Range: $$
Starting Price: $59/month
Client OS: Web
Deployment: Cloud Hosted

5 FastFund - Best for Small Municipalities

Why we chose it: FastFund is a good option for government agencies and municipalities. We like that it can create custom reports to help organizations comply with NPO fiscal requirements. These include multi-year and budget reports that comply with FASB 116 and 117. It also generates IRS Form 990, 990-EZ, and 990-N filings for tax compliance, which are essential for municipalities.

We also like FastFund’s payroll module, which can handle various tax-exempt statuses of employees, highly relevant for nonprofit organizations. Unfortunately, this module comes at an extra cost on top of the main system, with its lowest price being $50/month for 1-2 employees. Beyond payroll, FastFund provides fundraising CRM and fund accounting modules, including general ledger, accounts payable and receivable, and direct and indirect cost allocations.

Best for Small Municipalities:
FastFund

FastFund: Overview of Revenue and Expenses
FastFund: Financial Data
FastFund: Budget Details
FastFund: Customizable Records
FastFund: Control Register
FastFund: Journal Entry
FastFund: Accounts Payable
What We Like
Contains general ledger, payroll, and more
Affordable for small organizations
Supports wide range of organizations
What We Don’t Like
Difficult for those without accounting background
Must log-in separately for different organizations
Overview
Price Range: $$
Starting Price: $45/user/month
Client OS: Web
Deployment: Cloud or On-Premises

6 Sage Intacct - Best for Multi-Entity Organizations

Why we chose it: We like Sage Intacct because of its advanced financial management features and built-in HR and payroll modules. Specifically, its multi-entity consolidation helps nonprofits with multiple locations consolidate their financial data into one centralized dashboard. Along with grant management, budgeting, and nonprofit revenue recognition, these modules can all enhance nonprofits’ financial management.

We like Sage Intacct’s nonprofit management module, which includes data tracking for projects to gain insight into performance. The fundraising module streamlines the donation process, allowing organizations to grow relationships with their stakeholders, donors, and volunteers. Overall, Sage Intacct’s strong financial features, combined with its nonprofit management, make it a good option for multi-entity organizations. However, one drawback is that the system comes with a steep price, making it suitable for only larger nonprofits.

Best for Multi-Entity Organizations:
Sage Intacct

Sage Intacct: Purchasing
Sage Intacct: Entities
Sage Intacct: Order Entry
Sage Intacct: Resource Search
Sage Intacct: Report Center
Sage Intacct: Financial Report Editor
Sage Intacct: Dashboard
What We Like
Multi-dimensional reporting capabilities
Scalability for multi-entity support and user growth
Simple and responsive user interface
What We Don’t Like
Budgeting and interactive reporting cost extra
Limited non-financial functionalities
Volume exports can be difficult
Overview
Price Range: $$$
Starting Price: $8,580/year
Client OS: Web
Deployment: Cloud Hosted

7 Fund EZ - Best for Grant Reporting

Why we chose it: We included Fund EZ because it provides specialized functionalities tailored to the complexities of grant and program reporting. This capability is crucial for nonprofits that rely heavily on grants and must ensure compliance with funders’ reporting requirements. We like that users can generate detailed reports by grant, program, and other dimensions without requiring manual adjustments.

Fund EZ provides a comprehensive suite of reports essential for nonprofit management, including transaction journals, payables and receivables aging reports, detailed general ledger entries, trial balances, and purchase order details. It also offers advanced reporting for budget comparisons, encumbrance tracking, and various financial statements compliant with nonprofit accounting standards, such as FASB 117. This being said, its custom reporting capability is only available with the Pro add-on, which will cost more than the standard system. Organizations must schedule a quote for pricing.

Best for Grant Reporting:
Fund EZ

Fund EZ: Chart of Accounts
Fund EZ: Mapping
What We Like
Offers a customizable chart of accounts
Cloud-based platform allows remote access
What We Don’t Like
Exact pricing details not provided by the developer
Limited built-in help options
Overview
Price Range: $$
Client OS: Windows
Deployment: On-Premises

What Is Nonprofit Accounting Software?

Nonprofit accounting software is a type of nonprofit software designed to meet the unique reporting, fundraising, and compliance needs of nonprofit organizations. As opposed to a general-purpose accounting solution, this software helps nonprofit organizations (NPOs) manage fund sources and further their organization’s mission by properly using available funds. This can sometimes be marketed as fund accounting software.

Most NPOs’ operating expenses are entirely from funds, grants, and donations. A customizable solution can automatically account for and allocate funds from grants and donations, allowing your organization to focus on actual outreach rather than behind-the-scenes administrative tasks.

NPOs are responsible for keeping detailed records of their donations, funding sources, and earnings. Without meticulous recordkeeping, NPOs can be subject to audits, fines, or other legal consequences. Nonprofit accounting features enable NPOs to manage their funding sources fully, ensuring every dollar and donor is accounted for while their accounts are accurate through proper bank reconciliation. This includes the financial management of online donations from crowdfunding or foreign sources, which must be reported along with an NPO’s main funding.

Note: Operating a faith-based organization? A specific church accounting software may be more appropriate for your needs.

Aplos Chart of Accounts Nonprofit Accounting Software
View a chart of fundraising accounts in Aplos to ease financial reporting.

Key Features

Nonprofit accounting software options allow nonprofits to accurately manage the complex financial needs of organizations of any size. Rather than depending on a general-purpose business accounting solution with basic accounts receivable (AR) and payable (AP) functionality, organizations prefer using nonprofit accounting software. These include industry-specific functions, primarily fund accounting and the real-time collection of donations.

Here’s a breakdown of the ways these functions meet the needs of an NPO:

  • Fund Accounting: A self-balancing set of accounting tools allowing the reservation of cash and non-cash assets for specific purposes or activities. Includes fund class designations, hierarchical fund management, and encumbrance management.
  • Invoicing: Helps customers pay your organization for goods and services you’ve rendered them. Includes automatic payment reminders, credit card payment processing, and notifications.
  • Reporting: Create earning and expense reports to fully account for an organization’s funding, complete with detailed filtering options using transaction codes. For use across departments, financial statements and reports can be exported in different formats including CSVs, Microsoft Excel files, and PDFs.
  • Donation management: Track donations and pledges from donors and fundraising campaigns. Measure and anticipate inbound donations, process recurring donations with ACH or credit card payments, corporate donations, matched gifts, individual giving, and any other source of contributions to ensure accurate allocations.
  • Grant management: Track an application’s status from the initial submission to acceptance. When grants are awarded, funds can automatically be distributed to designated departments.
Blackbaud Financial Edge NXT Analysis Page
Analyze reports such as budget vs. actuals in Blackbaud Financial Edge NXT.

Primary Benefits

Streamlined Tax Preparation

Nonprofit accounting solutions will help streamline your tax preparation and filing process. You’ll want to ensure your business is staying compliant and up to date with the latest IRS tax regulations, including IRS Form 990, which federal tax-exempt organizations require.

FastFund Nonprofit accounting software
FastFund lets you easily organize vendor invoices for audits, internal review, and tax purposes.

Set Up Recurring Giving from Donors

As individuals begin to see supporting an NPO as an investment, the more open they’ll be to recurring giving options. Donor-advised funds (DAF) let the donor receive an immediate tax deduction and even get involved in recommending grants to the organization of your choice. These types of funds grew by 9% in 2022, having increased yearly since 2009.

MIP Fund Accounting Software
View your yearly trends of grants and funds received in MIP Fund Accounting.

Our recent fund accounting buyer trends report analyzed the reasons NPOs buy nonprofit accounting software and detailed their most desired features. By reviewing over 500 notes from discussions with NPOs of all sizes, we identified key purchasing trends to help NPOs make the best purchasing decisions:

  • 37 percent of surveyed NPOs are replacing aging or dating systems—a statistic eight points higher than for general accounting software and 16 points higher than any other software category. For many NPOs, tight budgets and a “make do with what you have” mentality keeps organizations from using outdated software solutions and equipment that are well past their prime. Some NPOs continue to rely on applications that are nearly 30 years old.
  • 21 percent of buyers are seeking better features, including mobile apps and online fundraising capabilities with cloud accounting. Modern nonprofit accounting software can help build custom fundraising campaigns that account for all online giving and manage digital and mobile donations, which can’t be easily integrated with many legacy systems.
  • 23 percent of NPOs want a cloud-based software solution. Cloud software enables organizations to keep everything online and accessible through any web browser while reducing costs. Since cloud solutions are offered on a subscription basis, the software allows for lower upfront pricing and better long-term budgeting due to a predictable ongoing cost structure.

Use Software Developed for Your Industry

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. For example, there needs to be ways to differentiate different donation types, like money from grants versus donors. Unfortunately, general accounting solutions don’t offer ways to manage separate funds. This results in organizations trying to make square pegs fit in round holes, relying on a patchwork of solutions, and following online tutorials to make general-purpose software work for the NPO.

Blackbaud Financial Edge NXT Nonprofit Accounting Software
Manage your project financials in Blackbaud Financial Edge NXT.

Take Advantage of Easy-to-Use Systems

Unless you’re a power user or an accountant, business accounting software can be difficult to use. Most end-users lack accounting experience. This is most apparent at smaller, volunteer-run nonprofits that “do the books” manually or with Excel spreadsheets. Cloud-based nonprofit accounting software solutions are far more user-friendly than their previous counterparts, enabling users to tap into easy-to-use web-based interfaces to carry out their accounting work.

Custom software solutions save time for nonprofits by performing the exact tasks necessary to run your NPO. Automation tools from these solutions fill out tax forms, track donations, or simply check your bank account all from one source.

AccuFund Requisitions
Set up purchase requisitions in AccuFund.

How to Choose the Best Accounting Software for Nonprofits

The software your organization needs depends on several factors, such as what your NPO does. Do you mostly perform outreach? Organize charity events? Both? Different accounting solutions can better accommodate your needs.

Depending on the size of your organization, you’ll have a varying level of functionality needs:

Small and Local Organizations

Start-ups and other small nonprofit organizations want to ensure their basic needs are met while keeping costs down as much as possible. This requires basic income and expense tracking in a general ledger, managing your money via bank reconciliation, and using proper reporting tools to stay compliant with the IRS. Ease of use is critical here, as smaller organizations won’t have the funds or personnel to dedicate to advanced accounting processes.

Industry-specific solutions (software developed with nonprofits in mind) can start around $75/month. Small businesses wanting to stay below that total may need to consider a more generic software such as Xero or Sage 50c.

Mid-sized Nonprofit Organizations

Mid-sized NPOs have a tricky balance to maintain. They’re too big for small-scale solutions but not large enough for enterprise-level software. They need something in between. Fortunately, customizable NPO accounting software can hit that sweet spot. In addition to the functionality described above, you’ll need extra features. For example, if you receive any money from grants and need to allocate expenditures to them appropriately, you’ll want to ensure your software has fund accounting functionality.

Your organization may also be growing and adding on paid staff members (rather than being fully volunteer-run), meaning payroll and time tracking are features you can no longer ignore. Both fund accounting and payroll are functionalities that can be bought as stand-alone or add-on software features to existing accounting packages. Looking for a fully integrated (all-in-one) option will be the better long-term option to avoid integration issues and paying multiple software vendors a month.

Large Nonprofits

Larger nonprofit organizations need enterprise-level software with advanced accounting features and large donor management databases. This level of organization will want to ensure board members have full clarity of the organization’s finances through proper bookkeeping, cash management, and reporting. Forecasts will be far more important in predicting the health of your organization in the following year.

Unlike the accounting needs of similarly sized for-profit organizations, larger NPOs focus heavily on fundraising campaigns and customer relationship management (CRM) to ensure continued support of satisfied donors in the long run.

Is QuickBooks a Nonprofit Accounting Software?

A nonprofit organization can successfully use certain QuickBooks products from Intuit. The solution can support tracking budgets by programs or funds, donor management, grant management, financial reporting, bank reconciliations, and more.

QuickBooks offers two desktop solutions that are built with nonprofits in mind:

  • QuickBooks Premier Nonprofit Edition
  • QuickBooks Enterprise Nonprofit

QuickBooks Premier offers various editions that you can choose from, depending on your industry. The Nonprofit Edition provides custom features to:

  • Create a chart of accounts the way IRS Form 990 requires
  • Draft reports to view money contributed and spent by donor or grant
  • Plan budgets based on fundraising allocations
  • Organize tax forms for donors, vendors, and employees

This version of QuickBooks is limited to a maximum of 5 users.

QuickBooks Enterprise Nonprofit includes features similar to its Premier counterpart but includes access for up to 30 users. Key reports include budget by programs, statements of financial income and expense, statements of functional expenses, donors and grant statements, large donor statements, and statements of financial position.

Will QuickBooks Online Work For Nonprofits?

QuickBooks Online can be used in a nonprofit setting, but you’ll want to make sure your staff can put up with the “for-profit language” of the program. The dashboard mentions profit and loss, sales, and other terms not commonly used in nonprofit environments. At this time, there is not a nonprofit edition of QuickBooks Online.

Current versions of Quickbooks must instead be customized to enable nonprofit-specific functionality. For organizations, this requires savvy Quickbooks experts capable of customizing the software to meet their organization’s particular needs. Many NPOs instead look to adopt new nonprofit accounting software solutions that work out of the box.

For organizations set on sticking with QuickBooks Online, Intuit has been recommending QuickBooks Online as the accounting system for nonprofits. The solution has one of the lowest cost of entry points, starting at $20/month for the self-employed version or $90/month for the Plus version.

QuickBooks Online Nonprofit Accounting Software Dashboard
This is an example of a dashboard within QuickBooks Online being used for a nonprofit organization.

Frequently Asked Questions

Is there free nonprofit accounting software?

ZipBooks and Wave provide free accounting tools suitable for nonprofits, offering invoicing, expense tracking, and financial reporting functionalities.

Other options like Sage Intacct, QuickBooks Online, Aplos, and Xero, though not free, offer specialized features to support nonprofits in managing their finances, tracking funds, and preparing accurate financial statements.

What accounting software do charities use?

Charities often utilize software like MIP Fund Accounting, Blackbaud Financial Edge NXT, and AccuFund Accounting Suite because they have specialized features tailored for nonprofit needs, such as grant and donor management, fund accounting, and reporting capabilities.

How do I set up an accounting system for a nonprofit?

Setting up an accounting system for a nonprofit involves:

  • Identifying financial transactions and creating a customized chart of accounts that reflects the organization’s structure and funding sources.
  • Choosing suitable nonprofit accounting software that aligns with operational needs and reporting requirements.
  • Implement a system for accurately tracking and managing donations, grants, and expenses.
  • Establishing internal controls and financial policies to ensure transparency and compliance.
  • Training internal teams on the new system to ensure efficient and consistent use.

All Products

No products found
Blackbaud Financial Edge NXT Screenshot

Blackbaud Financial Edge NXT

★★★★★
★★★★★
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Blackbaud Financial Edge NXT is a total cloud accounting solution designed to meet the unique needs of nonprofits and government entities. Built on Blackbaud’s expertise and experience of over three decades, Blackbaud Financial Edge NXT delivers all the tools NPOs need to manage financial reporting, monitor and track program success, support fundraising efforts, and ensure overall integrity for the organization. Intuitive, reliable, and secure, Blackbaud Financial Edge NXT can help streamline financial processes at organizations, so users can spend more time and resources to drive the mission forward. The cloud platform is fast, secure, and always current.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Web
Deployment
Cloud Hosted
MIP Fund Accounting Screenshot

MIP Fund Accounting

★★★★★
★★★★★
(9)
MIP Fund Accounting is a software supporting a wide range of transaction types through up to 25 different modules. It offers a suite of functionalities including fund accounting, procurement, budgeting, payroll, HR, timekeeping, fixed asset management, and grant management.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows
Deployment
Cloud or On-Premises
AccuFund Accounting Suite Screenshot

AccuFund Accounting Suite

★★★★★
★★★★★
(8)
AccuFund Accounting software is designed primarily for non-profit and government entities, focusing on fund accounting and financial management. It offers user-friendly dashboards, custom reporting capabilities, and highly rated customer service. Additionally, it includes a Grants Management module that facilitates the tracking of requisitions through multiple approval stages.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$2,995 (perpetual license)
Client OS
Windows
Deployment
Cloud or On-Premises
Sage Intacct Screenshot

Sage Intacct

★★★★★
★★★★★
(46)
Sage Intacct is a browser-based, GAAP-compliant financial management software system. It features multi-entity financial reporting, customizable reports, and a user-friendly interface. The AICPA has endorsed the platform as a “preferred provider of financial management application.”
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$8,580/year
Client OS
Web
Deployment
Cloud Hosted
Aplos Fund Accounting Screenshot

Aplos Fund Accounting

★★★★★
★★★★★
(2)
Aplos Fund Accounting software is particularly tailored for small to medium-sized churches and non-profit organizations. It includes accounting and reporting, offering features such as true fund accounting, customizable charts of accounts, and efficient accounts payable and receivable modules. Its fundraising tools, including purpose creation for donations, integrated online donation forms, and detailed reporting capabilities, make it effective for managing church and non-profit fundraising activities. The software integrates donation tracking and event registration, making it a comprehensive tool for managing church and non-profit finances.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$59/month
Client OS
Web
Deployment
Cloud Hosted
FastFund Screenshot

FastFund

★★★★★
★★★★★
(22)
FastFund Online is a fully integrated fund accounting system designed by CPAs. Just a few of the fund accounting modules offered by FastFund include General Ledger, Accounts Payable, Accounts Receivable, Cost Allocations, Payroll and Fundraising.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$45/user/month
Client OS
Web
Deployment
Cloud or On-Premises
Fund EZ Screenshot
Fund EZ software is a cloud-based solution tailored for medium to smaller non-profits. It allows for the customization of accounts and reports and offers advanced reporting modules for additional customization. It offers ease of use, even for those users without a strong accounting background, and its effective management of multiple funding sources. The software provides reporting capabilities, automatic backup and saving features, and continuous updates to improve functionalities.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows
Deployment
On-Premises
Xero Screenshot

Xero

★★★★★
★★★★★
(3)
A contender against QuickBooks Online, Xero is a popular solution for its user-friendly interface, affordability, and unlimited users per subscription. It’s a cloud-based, double-entry accounting software that offers bank reconciliation, financial reporting, and basic invoicing and billing.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$13/month
Client OS
Web
Deployment
Cloud Hosted
QuickBooks Online Screenshot

QuickBooks Online

★★★★★
★★★★★
(56)
QuickBooks Online is the most popular financial software on the market. This cloud-based accounting solution enables tracking of sales and expenses, generating estimates, customer management, and seamless collaboration with external accountants.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$30/month
Client OS
Web
Deployment
Cloud Hosted
Zoho Books Screenshot

Zoho Books

★★★★★
★★★★★
(6)
Zoho Books is a popular alternative to QuickBooks Online. It’s a cloud-based accounting software that offers accounts receivables and payables functionality. It lets you manage your financials and banking, create reports, and automate your sales and purchasing workflows.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$15/month
Client OS
Web
Deployment
Cloud Hosted
ZipBooks Screenshot

ZipBooks

★★★★★
★★★★★
(1)
ZipBooks is a simple accounting software that offers a completely free-to-use plan along with two paid monthly subscriptions. The solution lets users send professional invoices, accept payment via credit cards or Paypal, and handle automated billing. The paid plans manage bookkeeping with bank reconciliation, create reports, and monitor business performance. Other features include expense management, recurring invoices, project management, and custom report generation.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$15/month
Client OS
Web
Deployment
Cloud Hosted
Planning Maestro Screenshot

Planning Maestro

★★★★★
★★★★★
(8)
Planning Maestro by Centage is a cloud-based planning and analytics platform designed for small to midmarket organizations. Previously Budget Maestro, this software offers sophisticated financial intelligence for budgeting, forecasting, and performance reporting. These features make it accessible and valuable for businesses of various sizes. Planning Maestro software stands out for its ability to synchronize profit and loss, balance sheet, and cash flow while ensuring GAAP compliance, offering both short-term and long-term financial health views. Additionally, it comes equipped with 40 customizable GAAP/IFRS-compliant reports​.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$950/month
Client OS
Windows, Web
Deployment
Cloud or On-Premises
Aptean Industrial Manufacturing ERP Traverse Edition Screenshot

Aptean Industrial Manufacturing ERP Traverse Edition

★★★★★
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(4)
Aptean Traverse Edition is an ERP software featuring enterprise-level accounting, operations, and sales functionalities. It delivers customizable features and strong reporting capabilities. Aptean Industrial Manufacturing Traverse Edition was previously known as Traverse from Open Systems. [It was acquired in 2020](https://www.aptean.com/en-US/insights/press-release/acquisition-of-open-systems-adaptable-solutions). Traverse became a part of Aptean’s offerings following this acquisition.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$100/user/month
Client OS
Windows, Web
Deployment
Cloud or On-Premises
AccountEdge Screenshot

AccountEdge

★★★★★
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(9)
AccountEdge is a small business accounting software that helps business owners organize, process, and report on their financial information so they can focus on their business. Its feature set includes accounting, integrated payroll, sales and purchases, contact management, inventory tracking, time billing, and more. There are separate pricing plans for Mac and Windows users, though the monthly subscription for the first license is still $20. A 30-day free trial is available; no credit card is required.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$20/month
Client OS
Windows, macOS
Deployment
On-Premises
NonProfit+ Screenshot

NonProfit+

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★★★★★
(2)
NonProfit+ (NonProfit Plus) is business management software engineered with nonprofits in mind. Delivered on the powerful Acumatica platform, NonProfit+ brings a new level of functionality that empowers organizations to efficiently manage their finances.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Web
Deployment
Cloud Hosted
Fundamentals Screenshot

Fundamentals

★★★★★
★★★★★
(1)
Fundamentals is an industry-specific ERP solution tailored to the needs of nonprofits and governments. The software provides the most modern cloud technology benefits by leveraging the power of Microsoft Dynamics 365 Business Central. Business Central is the largest selling middle-market ERP product in the world, with integration to Payroll, Office 365, Fundraising and Teams using Microsoft’s [Dataverse](https://learn.microsoft.com/en-us/dynamics365/business-central/admin-common-data-service).
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$2,040/user/year
Client OS
Web
Deployment
Cloud Hosted
Denali Fund Screenshot

Denali Fund

★★★★★
★★★★★
(2)
Denali Fund software, developed by Cougar Mountain Software, is a specialized fund accounting solution tailored for non-profit organizations. It emphasizes GAAP and FASB compliance with the ability to generate audit trails to deter fraud. The software is designed to handle complex accounting needs such as managing federal grants, private grants, and corporate sponsorships. It stands out for its focus on transparency, reliability in fund management, and its user-friendly interface.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows
Deployment
Cloud or On-Premises
CenterPoint Fund Accounting for Nonprofits Screenshot

CenterPoint Fund Accounting for Nonprofits

★★★★★
★★★★★
(5)
CenterPoint Fund Accounting software, designed for nonprofits and municipals in the United States, offers both cloud-based and locally installed options. It offers customization capabilities and the ability to use true fund accounting. The software includes various features such as customizable charts of accounts, real-time transaction recording, and an optional payroll module that integrates with the core accounting application. A sales order module, inventory management, and ratio analysis tools are also included.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows, Web
Deployment
Cloud Hosted
Wave Screenshot

Wave

★★★★★
★★★★★
(5)
The Wave app is a highly popular accounting solution among freelancers and small businesses. It’s a free cloud-hosted software that allows you to track income and expenses, perform bank reconciliation, capture and organize receipts, and create custom invoices.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
Nonprofit Treasurer Screenshot

Nonprofit Treasurer

Nonprofit Treasurer is a free online accounting system for small charities and nonprofit organizations. This software has a simple design to make it easy for volunteer treasurers to manage financials.
Client OS
Web
Deployment
Cloud Hosted

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