The company was founded by the treasurer of a religious finance committee because he had difficulties finding software that met his needs. Only one user can do data entry at a time with the standard versionĪCCOUNTS through Software4Nonprofits is a program offered by Cooperstock Software, a small company based in Canada. You have to purchase a separate donation program to track donors The desktop program can only be used on Windows QuickBooks has a 4.5-star rating on Capterra. For smaller organizations and charities with more basic accounting needs, QuickBooks has other plans that start at lower prices such $25 per month. For example, the cost for two users to remotely access the Diamond plan is $3,572.40.įor smaller nonprofits or nonprofits who are just starting out, you probably don’t need software with as many features as QuickBooks Enterprise Nonprofit. If you want to add cloud-based access, you’ll need to pay an additional fee for hosting for each user that will be using the program. The default version is only available via desktop, so employees cannot access it remotely. For example, the Platinum plan costs $2,035 per year. This version starts at $1,275 per year, but the price can increase based on what additional services you need. While other versions of QuickBooks have free trials, QuickBooks Enterprise Nonprofit does not. If you use these apps as part of your fundraising campaigns, you can sync the data and import transaction details to streamline your reporting. QuickBooks integrates with several apps used by nonprofits including Kindful. If you upgrade to the Gold, Platinum, or Diamond plans, you can even get payroll services for your organization and pay your staff directly through QuickBooks. This version of QuickBooks allows you to accept donations and securely store donor information in your database. You can use QuickBooks Enterprise Nonprofit to track expenses and donations, budget by program and compare to actuals, and create donor and grant reports. For large or growing organizations who need comprehensive accounting services, this program can be a good fit. While there are cheaper versions of QuickBooks available for nonprofit organizations, we selected QuickBooks Enterprise Nonprofit because of its robustness. Since its launch, it has become a household name, earning over $7.7 billion in revenue in 2020. QuickBooks Enterprise Nonprofit is issued by Intuit, the financial services and tax software company. You must pay an additional fee to get remote accessĪdding users can quickly drive up the monthly cost Update the thread by posting a comment below, and I'll be here to assist you.Free trial unavailable on Enterprise edition Please let me know should you have other questions with QBO. They will suggest based on what’s more suitable for your business and to your books. However, I would highly suggest speaking with an accountant for more guidance. Here's a recommended article for detailed steps and information about recording in-kind donations: Set up and record in-kind donations. Once accounts are set up, you can then record your non-profit donations. Under Purchasing information, select the I purchase this product/service from the vendor checkbox.From the Income account list, select the In-Kind Contributions income account you’ve created.Add a Name and Description suitable for sales or donation receipts. In the Product/Service information panel, select the type of the product or service.Go to the Gear icon, then select Product and Services.Lastly, we’ll need to create a Product/Service item for each donation. From the Detail Type list, select Checking.Select Bank from the Account Type list.Enter a Name (for example, Non-profit Donations ) for the account.Īfter, you'll need to create a clearing account.From the Detail Type drop-down list, select Non-Profit Income.In the Account dialog, select Income in the Account Type drop-down list.Go to Accounting, then click Chart of Accounts.In creating an income account, here’s how: You’ll need to create both income and clearing accounts and a product/service item to record your non-profit donations in QuickBooks Online.
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