7 Best Bookkeeping Software for Small Business

Posted by: Dev Category: Bookkeeping Comments: 0 Post Date: 10 noviembre, 2020

7 Best Bookkeeping Software for Small Business

best free bookkeeping software for small nonprofit

The nonprofit accounting software also allows you to manage members’ information, track dues, and record membership fees at different levels. In addition to managing volunteers and members, the accounting solution allows you to manage donors. Many nonprofit organizations end up cobbling together accounting, donor management, and payroll services by using multiple programs.

Do you need payroll features or payroll assistance?

If you want fully featured accounting software with an excellent app, clean dashboard, and affordable price, we recommend Xero. Based on its features and pricing alone, it’s a great bookkeeping and accounting company for most business types, from freelancers to LLCs. However, Xero’s $13 a month plan limits you to entering only five bills and sending only 20 invoices a month.

  • Still, we appreciate FreshBooks’ ability to manage expenses and restricted funding, which is critical for a nonprofit organization.
  • Advanced nonprofit accounting software or plans can include features like fund-based budgeting and cash flow forecasting on top of typical fund-based financial tracking.
  • It’s not a complete deal-breaker, but it is annoying that there’s no native feature.
  • Many of the most popular accounting software providers offer a free option or at least a free trial and all of the software we reviewed had a basic package for less than $20 per month.
  • However, if your organization has more complex requirements than what the free package offers, the paid subscriptions are affordable still and would not break the bank.
  • Check with your local government office (and even an attorney) for licensing information tailored to your area.
  • Zoho Invoice helps address this by allowing for invoice tracking so that users are constantly updated regarding expenditures.

Automated features to save you time

Tim is a Certified QuickBooks ProAdvisor as well as a CPA with 28 years of experience. He spent two years as the accountant at a commercial roofing company utilizing QuickBooks Desktop to compile financials, job cost, and run payroll. Tim has spent the past 4 years accounting services for nonprofit organizations writing and reviewing content for Fit Small Business on accounting software, taxation, and bookkeeping. We are committed to providing you with an unbiased, thorough, and comprehensive evaluation to help you find the right accounting software for your business.

Accounting made easy.

Keep in mind that accounting software will be an additional monthly expense for your nonprofit, so carefully assess your budget. When going over the pricing plans of different accounting tools, make sure you fully understand what’s included with each package so you don’t end up paying a lot more than you expected due to add-ons and fees. Review the software price plans with its feature upgrades and the number of users supported on each price plan. It’s always best to opt for software for nonprofit accounting that lets you pay your vendors in a variety of different ways and allows you to accept donations from all over the world.

best free bookkeeping software for small nonprofit

To determine the best free accounting software, we looked at a variety of factors, including features, customer reviews and value. We whittled down our options after assigning weighted scores to each feature, and then we ranked the companies based on those factors. First and foremost, accounting software for nonprofits should be easy to set up and use. Nonprofit employees may have limited tech skills, so an intuitive interface and user-friendly functionality are crucial. The software consists of four modules, which offers a lot of flexibility for companies and organizations when it comes to choosing apps they would like to implement in their AP processes. For example, the utility bill payment module is suitable if you are looking for a way to reduce the burden of capturing, receiving, and paying utility invoices.

Wave – Best for Free Accounting Processes

Our favorite QuickBooks Online features that we tested are its customizable dashboard, comprehensive reporting tools, and accountant and bookkeeper integrations. Our team spends weeks evaluating dozens of business solutions to identify the best options. This example of an accounting software dashboard comes from our test of QuickBooks Online, one of our best picks. With a Pro Plan subscription, you can connect your bank account with Wave and automatically import your transactions.

  • It supports peer-to-peer fundraising, grant and award management, nonprofit marketing, and donor payment acceptance.
  • It will take time for nonprofits to recover, but accounting software will be there to keep tabs on all incoming and outgoing funds.
  • If you have a payroll system you like, Sage will likely integrate well with it, particularly if you use Gusto.
  • These include meeting agendas, audit findings, check letters, and internal revenue service (IRS) documentation for nonprofits.
  • Bookkeeping Software helps organizations to record several types of financial transactions including purchases, sales, receipts, and payments.
  • Your total annual subscription includes the platform, optional modules, and the number of users.

best free bookkeeping software for small nonprofit

If you want flexible banking features with the ability to reconcile transactions manually, you should consider QuickBooks Online. Second, Xero’s customer support (4.7/10) doesn’t rival QuickBooks’ support (9.3/10), since Xero lacks both phone and live chat support across all plans. Useful, rapid help can be key for a small business, and if that’s true for you, Xero may not be your top pick. Crossed out prices above refer to the ongoing software cost, while the lower prices refer to the limited-time deal available to new users.

Check out the complete list of nonprofit accounting tools in Capterra’s software directory.

It’s also on the pricier end of accounting software that wasn’t built for nonprofits. If you’re trying to balance a nonprofit budget on, well, a budget, Xero, Zoho Books, and FreshBooks are cheaper options, and Wave Accounting is completely free. Do you rely on other apps to manage your nonprofit’s finances (for instance, a donation acceptance app or reporting tool)?

Accounting software that works as hard as you do