Still, TaxSlayer is a solid choice for freelancers and small business owners on a budget. Regardless of the cost, TurboTax is one of the most popular tax software tools in large part because of its ease of use. The program’s question-based interface leaves users feeling as though they’ve just met with an experienced tax professional who knew all the right questions to ask. However, if Xero isn’t the best online accounting solution for you, QuickBooks Online, Zoho Books and Sage are excellent alternatives. Most accounting software companies offer free trials or free demos, so if you’re not sure which accounting provider to choose, sign up for a free trial or get in touch with the sales team for a custom demo.

It supports peer-to-peer fundraising, grant and award management, nonprofit marketing, and donor payment acceptance. Didn’t find the best accounting software for nonprofits (specifically, your nonprofit) on our list above? See if one of these additional accounting software solutions for nonprofit treasurers and bookkeepers meets your needs. MoneyMinder is a simple and easy-to-use online program that you can access anywhere. If you’re the treasurer of an organization, you can use the program to manage budgets, handle bookkeeping duties, reconcile bank accounts, and generate detailed reports.

Serenic Navigator: Best for various features

So accounting software for nonprofits caters to those unique sets of needs. When considering a free accounting program for your nonprofit organization, keep in mind what tasks you need the program to perform and if there are any specific reports you are interested in producing. Every program has something different to offer so choose the one that will best match your needs. The Lite FreshBooks nonprofit bookkeeping services subscription, which costs $17 per month, should be enough for most organizations unless you have more than five staff members who need to use it. If your organization needs baseline accounting software and is on a tight budget, Wave Financial may be right for you. We were impressed with its free option and how quickly we could get its dashboard set up and customized for our specific needs.

Whether it’s breaking down budgets by program or donors, this software can do it all. Fund EZ has been serving as a small nonprofit accounting software for 30 years! From day one, they established themselves as accounting software specifically designed for nonprofits. Nonprofits accept donations and contributions in all kinds of ways – from a check payment, to a credit card number on an online donation platform. Xero also excels at accounting basics that can keep your nonprofit’s budget on track, including thorough financial reporting and expense tracking.

Best Accounting Software for Nonprofits in 2023

Last but not least, the platform has a robust reporting module that lets users gain insight into their company data. Should you need to extend the functionalities of the platform, it comes with API capabilities and has native integrations with a number of third-party business systems. Comprehensive accounting software A2X is designed to simplify bookkeeping processes. The platform reduces the need for manual entry and recording, automatically syncing transactions to ensure the accuracy of accounting records. These transactions can also be summarized into reports at the end of each month for easier financial tracking. FreshBooks continues to receive upgrades that are bound to benefit your organization further.