Open Source Accounting Software for Nonprofit Organizations is a specially designed accounting system for nonprofit organizations. This Open Source Accounting for nonprofit, also known as Nonprofit accounting software, is a free accounting software that can help your nonprofit organization with financial management. This accounting Software for Nonprofit help you increase cash flow.
Open Source Accounting Software for Nonprofit Organizations is the right platform for nonprofits who are not willing to pay the hefty price tags on proprietary software. These open source software can help your organization to capture, allocate, allocate and report financial transactions in user friendly way.
If you are looking for Accounting Software for your Nonprofit Organization, there are a few things you want to consider. They are simplicity, ease of use, affordability, security, ability to scale, freedom of customization, and reliability.
1. GnuCash
GnuCash is a small-business financial accounting software available for Windows, Mac, and Linux users. Along with standard accounting software functions such as transactions and financial calculations, it also features a double-entry system and the ability to account for multiple currencies.
GnuCash is also consistently being developed by the GnuCash Project and offers substantial user support through bug reports and team chat. GnuCash is a fantastic option to go with for any small nonprofit.
Have you used GnuCash? Be sure to leave a review!
2. Invoice Expert Lite
Offering a litany of features, Invoice Expert Lite is the free version of the company’s full accounting software. Under the Lite edition, you have access to invoicing, quoting, inventory control, custom tax settings, payment history, as well as other accounting features.
In addition to these features, Invoice Expert also offers tech support to help with any glitches or questions with the software. If you choose to upgrade your software, Invoice Expert doesn’t require you to re-download your software all over again; you can just purchase the full software for $69.95.
3. TurboCASH
TurboCASH is an on-premise, entry-level, open-source accounting software option made for single users and smaller networks. Features include automated billing, accounts payable and receivable, invoicing, credit card processing, etc. This software runs on Windows, Mac, and Linux.
Being an open-source program, formal support (beyond user forums) is non-existent. However, considering the 4.8 out of 5 star rating on Sourceforge, TurboCASH is considered a reliable software option. It may not be pretty looking but brings solid functionality to the table.
4. SVERDYSH
Despite being another plainly designed software tool, SVERDYSH is a functional program that offers all standard accounting features, such as invoices, account tracking, profit/loss trackers, balance sheets, and bank account tracking. SVERDYSH is unfortunately limited to Windows operating systems, however, it is functional on all Windows platforms from XP and beyond.
Information of this software is limited on its own (remarkably outdated looking) website, which calls into question the amount of support that is offered with it, if any.
5. NetSuite Software
With an integrated system that includes ERP, financials, commerce, inventory management, HR, PSA, supply chain management, CRM and more – NetSuite enables fast-growing businesses across all industries to work more effectively by automating core processes and providing real-time insights into operational and financial performance.
NetSuite is a cloud accounting software that provides a complete view on financial performance and cash flow analysis. The system comes with features including general ledgers, cash management, tax management, accounts receivable and payable, fixed asset management, and payment management.
Pros
– Very Robust and Fully customizable
– Have an API and so connecting with the third parties and other tools you use internally can be definitely doable.
– Multiple currencies, locations, and internationalization help you when you have to access in different subsidiaries
– Have great tools for making reports The support has been great the last 2 or 3 times I used it.
Cons
– Sometimes tends to be slow, It seems like that was a problem with the implementation but in general, it feels slow.
– The UI looks old, but does what you need.
– The documentation is really heavy and sometimes is hard to find things there.
6. QuickBooks Desktop Enterprise
QuickBooks Enterprise is an accounting solution designed for SMBs across different industry verticals such as construction, nonprofit distribution, manufacturing, and retail. With QB Enterprise solution, any business owner can expand business operations using advanced inventory, reporting, and invoice tools, in addition to premium support from Enterprise’s CS and Payroll teams. Quickbooks include inventory management, inventory tracking, expense tracking, payroll management, invoicing, multi-user management, advanced reporting tools, and more.
QuickBooks Enterprise offers customizable reporting tools that help users analyze data and make informed business decisions. With over 200+ auto-filled templates and 70 industry-specific reports, this Quickbooks accounting software helps businesses find the QuickBooks data to solve any business issue. Quickbooks advanced inventory tools allow businesses to gain visibility and control over the inventory management process with the ability to track inventory movement, automatically scan and update inventory items, manage any purchase order/sales order from one dashboard, and plenty more.
QuickBooks Enterprise also allows businesses to control, customize, and automate financial transactions with job costing tools, batch invoicing, invoice tracking, cash flow management, fixed asset tracking, sales tracking, payment processing, and more. Businesses also have to ability to scan and attach multiple documents including receipts and quotes for multiple accounting tasks. The tool enables businesses to arrange documents into categories and keep track of important accounting files. This solution also maintains a change log to record changes within each document with the proper date and time stamp.
7. Aplos
Aplos is a cloud-based system designed specially to serve the needs of nonprofit and church organizations. The Aplos platform includes fund accounting, online donation management, reporting functionalities, fundraising tools, event management, and custom communications. Aplos offers features that allow organizations to manage their fund accounting (including report transactions, manage finances, track cash flows, and create journal entries for direct double-entry accounting), fundraise more effectively and efficiently (through the use of online donation tools, custom communication, donor database reports, and event registration), and is the all-in-one solution for users who would like to manage all of their financial, donation, and donor information in one place. Aplos is tailored for small to mid-sized organizations, including nonprofits, foundations, service clubs, faith-based organizations, churches (from church plants to multi-sites), and schools. Aplos makes it simple with accounting software for nonprofits and churches: Nonprofit Reporting Powerful Budgeting True Fund Accounting Cloud-Based Contributions Management Donation Tracking.
8. IconCMO
Since 1992, Icon Systems has been developing high-quality software exclusively for non-profit religious organizations. The company was founded in 1992 by Robert Gifford, who previously headed research and development for Great Plains Software. Under his leadership, Great Plains Accounting and Dynamics, two highly popular accounting software systems in the for-profit industry, were created and eventually sold to Microsoft for over one billion dollars. Icon Systems’ software is currently used by thousands of churches globally. Since its founding, Icon Systems has become legendary for its commitment to high-quality products as well as outstanding service and support. We provide a comprehensive, low-cost, web-based church software solution with superior support, automatic upgrades, nightly back-ups, and top-of-the-line security as well as compliance with both the IRS and FASB regulations. Our all-in-one package includes: Family and individual profiles Donations including text and e-giving Household & individual groups Mass communication Attendance tracking Multiple concurrent users IRS compliant donor statements Member portal Full support and training Automatic upgrades & backups IRS compliant church accounting Multi-site software Organizational hierarchy available and much more.
Conclusion
Open source accounting software for nonprofit organizations is ideal to keep track of all the revenues and expenditures transacted in daily accounting transactions. Most of this software is free to download, easy to configure and deploy. Open source accounting software supports donation tracking, fundraising campaigns, general ledgers, monthly reports, or any other paper works required.