![]() Monitor the flow of cash in and out of your nonprofit with a handy dashboard. Xero – Accounting Software for Nonprofits Budgeting Reports – Track your financial health by comparing your budget to your actual accounting.Donation Reporting – Get more insights into your giving with pledge tracking, donations by donor, lapsed donors, or other giving reports.Generate Nonprofit Financial Statements – Customize and save your nonprofit reports such as a Balance Sheet by Fund or Income Statement by Fund.Tracking Donations and Other Income – Easily identify your tax-deductible income by purpose, manage membership and sponsorship invoices, and track other forms of income without the headache or extra spreadsheets.Custom Chart of Accounts – Create a flexible chart of accounts that fits your nonprofit structure, including correctly tracking your funds and using tags to manage fundraising campaigns or projects.True Fund Accounting – Easily track funds, such as grants and special programs, so you are ready for the financial reporting requirements that come with restricted gifts.Upgrade for more granular reporting so you can harness the ability to see the exact data you need across your funds, departments, projects, and locations. ![]() The Aplos nonprofit accounting software makes it simple for you to do accounting the right way. These reports can provide an overview of your organization’s finances and help you identify any areas that may need further attention.įor more content like this, check out our Nonprofit Resources Hub. When everything is organized and in one place, it will be much easier to find the information that auditors need.Īdditionally, most accounting software programs generate reports that can be helpful in preparing for an audit. This information can be helpful when soliciting donations from other individuals and businesses.įinally, another benefit of using accounting software for nonprofits is that it helps you prepare for audits. When you have all of your donor information in one place, it is easy to send thank-yous, update donors on your progress, and follow up as needed.Īdditionally, many accounting software programs allow you to track payments and pledges so that you can see which donors have fulfilled their commitments. ![]() Additionally, most accounting software includes financial reporting features so that you can see how your organization is performing financially.Īnother benefit of using accounting software for nonprofits is that it helps you keep track of donors. You can also create budgets and track spending so that you stay on track financially. With all of your financial information in one place, you can easily see where your money is going and make sure that it is being used efficiently. One of the main benefits of using accounting software for nonprofits is that it makes it easy to manage finances. Let’s take a closer look at some of the benefits of using accounting software for nonprofits. Nonprofit accounting software provides many benefits, including the ability to manage finances, keep track of donors, and prepare for audits. The good news is that there is a range of nonprofit accounting software solutions designed specifically for organizations. ![]() If you are running a nonprofit, then you know that managing finances is one of the most important-and challenging-tasks on your plate. In this blog post, we will review the top nonprofit accounting software solutions to help you make an informed decision about which one is right for your organization.Īccording to a study by the Urban Institute, about 1.5 million nonprofit organizations are registered in the United States alone.
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