Whether you’re new to the world of nonprofits or experienced in the field, there are still some accounting basics that you need to know about your organization. Netsuite for nonprofits is a straightforward software designed for smaller organizations. And one of the best parts about it is that it’s free!
Netsuite is a software company that offers a donation management service to non-profits. If your nonprofit is looking for the best software for nonprofits, Netsuite may be what you’re looking for. This Netsuite for Nonprofits review will tell you everything you need to know about this product so you can decide if it’s right for your organization.
NetSuite ERP is essentially a customer relationship management (CRM) solution, but the platform can be used for sales and marketing automation, as well as order management and customer support. It offers a myriad of tools and features to make financial management simple.
Standard features include pre-configured dashboards that can be customized by users for their specific needs. NetSuite ERP also offers robust automation and scalability features. It can grow with your company and automate processes such as financial management, order management, revenue management, fixed assets, inventory management, and billing.
The vendor offers a great demo of the product that will introduce you to all key features.
Adminsoft Accounts is a software accounting package that’s powered by advertising to generate revenue, making it free to download and use. It delivers a surprisingly thorough free accounting system (and an refreshingly honest set of terms and conditions).
It can handle not just invoicing and statements but remittance advice, stock control, purchase orders, budgeting and some HR functions too. It’s a UK program so the default is pounds sterling, but it works happily in other currencies too.
There is a paid-for version you can buy to run the software without advertising with a slightly higher cost if you also want to include AutoManager or Shop/Cafe Manager.
VT Cash Book
It’s not going to win any awards for aesthetics, but VT Cash Book isn’t there to look good: its priority is to record day to day cash transactions with the least amount of fuss. It uses Autocomplete to speed up data entry, supports multiple bank accounts and bank reconciliation, can be used to prepare VAT returns and enables you to create profit and loss, balance sheets and ledgers.
The free accounting software installs alongside its companion program, the paid-for VT Transaction+, but you don’t need to buy the latter to use the former.
Although it can be compared with Freshbooks when it comes to small businesses, Xero competes directly with tools like QuickBooks. It’s an advanced accounting software with a beautifully designed user interface that optimizes on overall usability.
Well, attractiveness is not the only good thing here. Xero provides solid sales tax calculation, order tracking, inventory tracking, payroll management, expense claims, and data security features.
Bookkeepers and accountants like Xero because it provides a favorable balance between user-experience and advanced accounting functionalities. They continue to use it across all types of businesses- from small online shops to large, established brands.
- Automatic sales calculation
- Powerful mobile app
- Order tracking
- Inventory tracking
- Xero subscription plans start from $9 a month.
It’s one of the biggest names in the accounting SaaS industry. If you haven’t tried it out already, you’ve certainly heard about it.
Intuit’s QuickBooks is particularly renowned for its extensive array of versatile provisions for merchants plus online businesses. Thanks to its numerous third-party integrations, you can leverage it across multiple ecommerce sales platforms, including eBay, Amazon, plus of course, your online store.
If you successfully embed QuickBooks with business, you should be able to keep tabs on all the critical financial data. It combines powerful inventory tracking and expense monitoring capabilities to generate accurate reports. Additionally, it even connects with payment processing platforms like PayPal and Square.
Sadly, you might have a hard time learning the ropes on this software. Both QuickBooks Online and QuickBooks Desktop come are built with advanced functionalities that take time to get used to. A standard business owner might need a couple of lessons before they get a hang of everything.
- Payroll management
- Bank account synchronization
- Data export to third-party applications
- Multiple source order tracking
- Inventory management
- The online version starts from $10 a month.
AccountEdge Pro is desktop accounting software for small businesses founded in 1989 and has developed new features and enhancements over the years.3 If you need to access your finances on the go or from your smartphone, you can use their cloud-based app or their hosting platform. It’s geared toward small to medium-sized businesses, has a basic version and a pro version, and offers comprehensive accounting solutions full of customizations.
We chose AccountEdge Pro as our best accounting software for experienced accountants because of its robust features and reporting capability. It’s a bit more complex than some of the other software, so this software works best if you’re already familiar with accounting terminology.
AccountEdge Pro’s features include:
- Bank feeds with integration
- Direct deposit
- Inventory management
- Payment processing
- Turn quotes into invoices
- Customer and vendor management
- Full-service payroll
- Free accountant copy
- Unique sales tax code per line item on a single invoice
- Data sync with company files
- Email support
Pricing for AccountEdge Pro is as follows:
AccountEdge Basic (Windows only): $149 one-time fee for one user, and $199 fee for phone support
AccountEdge Pro (Windows or Mac): $499 one-time fee or $15 per month for multiple users, $199 fee for phone support, and additional fees for licenses, payroll services, and more.
To find out more about what features are included and how much add-ons cost or to add custom features, it’s best to contact the company directly.
Freshbooks is another popular accounting software that has managed to attract many users in recent years. It especially targets freelancers, startups, and small businesses with user-friendly functionalities.
But, make no mistake. Its user-friendliness doesn’t necessarily mean the corresponding capabilities are quite limited. You can take advantage of its powerful tracking and invoicing features to manage recurring payments and upfront deposits, plus issue automated invoices.
Well, you don’t have to worry about a steep learning curve here. The user interface on Freshbooks is developed to offer a simple and streamlined way of managing your finances. So, of course, even a beginner will have an easy time reconciling the numbers with this accounting tool.
That said, FreshBooks competes with other smart small business accounting tools like Harvest. And here’s a comprehensive comparative review to help you make an informed choice.
- Expense tracking
- Tax support
- In-depth accounting reports
- Recurring payments support
- Online invoicing
- The cheapest plan costs $15 a month for 5 billable clients.
Tipalti is a cloud payment automation and management software that helps simplify global mass payments. This makes the software suitable for companies with offices worldwide. Notably, you can accept payment in more than 190 countries, use 120 currency options, and rely on 6 payment methods, including PayPal, wire, local bank transfer, and debit card. Moreover, the software simplifies the daily task of ensuring that your company’s financial data and processes are timely, accurate, and easy to understand.
The software helps businesses avoid late payments, noncompliance, and over-tasking the accounting team. It also has flexible payment reconciliation, AP, and financial reporting features that work with a myriad of payment gateways and ERP systems.
The vendor also offers an appealing test drive of all software features is available to you.
With it, you can minimize, if not eliminate, downstream issues and human error, by letting suppliers input tax data directly in the Supplier Management portal. A Remittance Validation Engine, which monitors over 26,000 national and international standards, guarantees the integrity of supplier data.
Sage Business Cloud Accounting
Sage Business Cloud Accounting is ideal for small businesses. With that, it offers two affordable plans designed to fit the budget and needs of small businesses. For sole traders and micro-businesses, you can make use of its entry-level accounting solution at $10 per month. If you need invoicing and cash flow management features, you can opt for the app’s higher plan at $25 per month.
The product focuses on streamlining paperwork, minimizing spreadsheets, and staying on top of your finances. It simplifies business payroll and ensures compliance with the Affordable Care Act. It empowers financial management by consolidating data and automating complex financial processes. It also handles payments and banking.
The vendor offers a comprehensive free trial to get you up to speed with the features.
The software connects with other apps and offers intuitive apps for your mobile device. This enables you to manage your invoicing, banking, and cash flow on the go. Sage also regularly fixes and updates its features like bank reconciliations, CSV imports, and journal functionalities.
AvidXchange is a comprehensive invoice management and payment automation system built for businesses of all sizes. It is equipped with features for paperless invoicing, purchase order automation, as well as payment processing to help you streamline accounting operations. It also comes with a highly configurable interface and intelligent approval workflows to boost efficiency and reinforce visibility across your accounts payable processes. In addition, the platform has search and filter tools that make it easy to track invoices as well as review transactions.
Using AvidXchange, businesses can lower the cost of accounts payable processes as well as improve operational productivity. It also makes it easier for companies to pay their suppliers faster because payments can be made securely from the platform. More importantly, as AvidXchange comes with advanced security and fraud detection functionalities so users can prevent unauthorized transactions and payment requests.
Small nonprofits with just a few employees can use Netsuite, a donor management system, to track donations and membership and to create invoices and other financial reports. In this Netsuite review, learn more about the features of Netsuite, including its pricing and customer support.