To get started on your hunt for the best accounting software, take a moment to consider your needs: Tracking expenses, both in general and against specific budgets, projects, or grantsīudgeting, including preventing overspending against grants and restricted funds Member and donor management and communication Tracking revenue, such as donations, dues, fundraising, grants, investments, and so on (fund accounting) unrestricted assets, statement of activities, cash flow statement) Nonprofits can vary widely in their accounting software needs, but most will have some basic requirements:įinancial statements/nonprofit reports (statement of financial position, restricted vs. However, accounting for nonprofits can be very different from for-profit accounting. Nonprofits need to take care of the books, just like any organization that handles money and reports income and expenses to the IRS.
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