If you are running a big scale nonprofit organization, you need a consistent attentiveness on accounting entries to keep track of the record of cash flow and investment. Therefore, you need to spend much time and extra-ordinary man powers to handle all sorts of simple to complex business undertakings. But due to the bulk of transactions per day, it’s not possible to manage all transactions manually.
So, it’s better for you to think about the advanced nonprofit accounting software. It helps you to make better decisions to run your business in an effective and efficient manner.
The main aim of nonprofit accounting software is to fulfill your entire business undertakings to make the lives of individuals a little better. It helps you to efficiently handle all sorts of accounting metrics like cash flow, balance sheet, and trade account management. Without these accounting metrics, you can’t run your nonprofit organization in a smooth way.
If you are here to avail the best nonprofit accounting software popular in 2020, you have reached the best place. Before mentioning them in this post, we have passed through an absolute case study and filtered the top 3 nonprofit accounting software. The best part is the nonprofit accounting software is available with extra-ordinary features at affordable price offers as well.
1. Aplos – Nonprofit Accounting Software
Aplos is the best nonprofit accounting software available in the market today. It is useful in budgeting funds, tracking donations, generating statements, etc. This software is helpful for catering to the unique needs of a nonprofit organization’s account management. It has a user-centric dashboard that allows tracking people, donations, marketing, fund accounting, and reporting. 
Features
- The software helps you in tracking funds, grants, special programs and being ready with accurate financial reports. Also, you can create and customize account charts for keeping in line with your organization’s preferences and in tracking donations.
- Accounting system helps with reports that let you establish your budget as per funds or tags. This makes it easier when you are comparing the distribution of funds in your organization.
- It helps you in generating, creating or customizing your nonprofit reports, including balance sheet as per each fund or income state as per individual funds.
- You can also keep track of donation pledges, donations, identifying inactive donors. The budgeting reports help monitor your organization’s financial condition with increasing accuracy.
- Aplos comes with a comprehensive donation system. It helps to store your batch of donations for tracking according to requirements, such as by statements or for accounting.
- It keeps a track of every online donation without any need any effort from your end. A single click helps in preparing giving statements on tax-deductible gifts from donors as per a month, a quarter or an annual statement.
Pricing
Aplos nonprofit accounting software comes with a 15-day free trial period. However, Aplos is available for rent through four plans –
- Starting: The costs of this plan is $49 per month for 1-2 users and 500 contacts.
- Growing: Buy this plan for 3-5 users and 501 - 2,000 contacts at costs $79 per month.
- Established: Its costs is $199 per month that includes 6-10 users, 2,001 - 5,000 contacts, and partner integrations.
- Thriving Plan: This is available on request from the vendor’s website for 10 users and 5,000 contacts.
2. Xero – Nonprofit Accounting Software
Xero ranks among the top 3 best nonprofit accounting software list. This helps in running your nonprofit organization using easy accounting features. Its features help in saving precious time which is otherwise a requirement for keeping an accurate account of funds and spending of your organization. This is the excellent software for streamlining your work and as a result of increasing your efficiency to the highest levels. 
Features
- The software helps in sharing vital donations and expenses information with your board members, volunteers, and donors using online methods in a secure way.
- It syncs easily with 3rd-party apps and plug-ins to help with better donor management, improving fundraising strategies and events, marketing and managing workflow with increasing efficiency.
- With its online accounting dashboard, you can track of every transaction in an accurate manner so you have a ready report when it comes to filing your taxes.
- Xero accounting software dashboard has an easy-to-use layout. It gives all key information in a single panel.
- This is an excellent way for keeping track of bank balance in real-time, generating, storing and updating invoices and bills so your finances are always in order.
- It works for accepting online payments and keeping a positive cash flow for your organization. Attaching a ‘Pay Now’ button to your invoice emails makes it easier for customers to make a payment with a few clicks.
Pricing
This software is available for a free trial for a month. However, the Xero nonprofit accounting software is available for rent through three plans –
- Early: With this plan you can send 5 invoices and quotes, enter 5 bills and reconcile 20 bank transactions at the cost of $9 per month.
- Growing: This plan costs is $30 per month. With this, you can send invoices and quotes, enter bills and reconcile bank transactions.
- Established: It is available at the costs of $60 per month with all the features of Growing plan. Apart from this, it also includes multi-currency, expenses capture & manage claims, and track project time and costs features.
3. FUND E-Z
FUND E-Z a popular choice for nonprofit accounting software among all types of nonprofit social organizations worldwide. It has superior design and lower price which drives thousands of small and large nonprofit organization towards making their choice.
Moreover, it is helpful in creating and tracking budgets for numerous funds, projects, programs, grants, departments and sources of funding.
Features
- FUND E-Z has a simple-to-use interface for sorting, filtering, printing, exporting and emailing data faster. Browse through reports through instant data access technology. You can even copy, mix and memorize important data using it.
- The dashboard has a modular menu that is easy for customizing to suit your needs. A quick-access toolbar has a list of common tools for accounting and management.
- Using this software you can grant user rights according to purpose and work. This helps in keeping secret and sensitive information discrete using segmenting security methods.
- This software is excellent for keeping track of departments, sites, funding sources, programs, etc. It helps in splitting the transactions according to their segments. You can request budget segments in summary or detail.
- This software is helpful in maintaining limitless financial records. It helps in printing financial statements by a single segment or from a combination of segments.
- You can even track data for the reports to their source for verification. These features make it much more than simple accounting software and help in improving your productivity and results of your efforts.
Pricing
The cost of FUND E-Z nonprofit accounting software is available on request from the vendor’s official website.
