2015 EDITION
TOP 10 NONPROFIT
ACCOUNTING
SOFTWARE
REPORT
Comparison of the Leading Nonprofit Accounting Software Vendors
Overview of Nonprofit Accounting
Software Solutions
Nonprofit organizations face financial and constituent management needs that differ vastly
from those of commercial businesses, necessitating a specialized software platform that
provides nonprofit-specific functions. Principally, NPOs must meticulously track their finances
and efficiently record a variety of donation types, monetary or otherwise. Nonprofit accounting
software offers a unique combination of typical and specialized expense management
functions, enabling an organization to more easily monitor their budget and document donation
details. Whether a not-for-profit is small or large, the organization will find a platform tailored to
their specific accounting needs invaluable to effectively oversee fiscal matters.
As with a general accounting system, your company should evaluate the quality of features
such as deposit tracking, analytics reporting, bookkeeping, billing and invoicing capabilities.
You should also look for nonprofit-specific
Key Features
functions including donation and grant tracking,
fund accounting functionality, a viewable dues
SaaS
On-premise
registry and budget and overhead management.
deployment
deployment
Before selecting a nonprofit accounting system,
SaaS and
Bank
also consider the benefits of an intuitive interface,
on-premise
reconciliation
available
real-time finance status reports and collaboration
tools for volunteers and board members.
Read on to compare pricing, deployment options
and key features of top-rated NPO accounting
solutions in our Top 10 Nonprofit Accounting
Software report.
Accounts
payable/
receivable
Budget
management
Batch
processing
Grant
management
Payroll
management
Financial
reporting
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© 2015, All Rights Reserved. Reproduction Prohibited.
Top 10 Nonprofit Accounting Software Comparison
Intuit QuickBooks
Serenic Navigator
NetSuite ERP
Intacct
BlackBaud Financial Edge
www.serenic.com
www.netsuite.com
us.intacct.com
www.blackbaud.com
quickbooks.intuit.com
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Premier for Nonprofits
Select Customers
Select Customers
Select Customers
Select Customers
Select Customers
Arbor Day Foundation,
KIVA, San Francisco
The Great Books
Boston Redevelopment
Contact vendor for case
Denver Zoo, Mercy Corp
SPCA, Rags2Riches,
Foundation, Women’s
Authority, Kosair Charities
studies
Water for People
World Banking
Key Features
Key Features
Key Features
Key Features
Key Features
Additional Features
• Anytime, anywhere
access to real-time
financials
• Embedded Microsoft
Dynamics NAV solution
• Role centers provide
overview of relevant
tasks and information
based on job function
• Track programs or
projects in real time
• Track expenditures
against user-defined
budget rules
• Balance funds and fund
classes
• Procurement controls,
alerts and charts
• Administer modifications
and update milestones
to awards, grants and
contracts as needed
• Real-time expense
allocation
Additional Features
• Financial accounting
provides visibility
into payables and
receivables
• Fixed asset
management tracks and
manages depreciating
assets
• Financial dashboards,
reporting and analytics
• Accept a variety of
payment options
• Complete order-to-cash
and procure-to-pay
workflows
• Dashboard displays key
revenue, expense and
receivables metrics
• Supply chain and
inventory management
• Shipping and fulfillment
• Revenue recognition
management
• Recurring revenue
management
Additional Features
• Anytime, anywhere
access and visibility
• Robust fund, grant and
donor accounting
• Flexible budgeting and
planning
• Real-time reporting and
dashboards
• Built-in expense
management
• Purchase management
• Time and billing
• Library of 150+ reports
including nonprofitspecific financial reports
• Easily track reporting
periods, restrictions,
indirect cost rates and
custom fields
• Automate multi-entry,
multi-site, multi-currency
and multi-country
operations
• Keeps information safe
and secure
Additional Features
• Grant management
tools
• Fund accounting
• Handles grants and
major gifts that are
constrained by specific
requirements, desires or
expected outcomes
• Manage strict reporting
and accountability
requirements
• Day-to-day budgeting,
forecasting and
spending
• Integrates seamlessly
with The Raiser’s Edge
• Manage nonprofit
workflows and
collaboration with the
fundraising department
• Advanced budget
management add-on
available
Additional Features
• Tracking and reporting
tools tailored for
nonprofit organizations
• Simplified layout for
access to invoices,
estimates, sales receipts
and other forms
• Easily access customer
and vendor emails,
phone numbers and
web addresses
• Create end-of-year
donation statements
• Create form 990
(Statement of Functional
Expenses)
• Track individual donors’
contribution totals
© 2015, All Rights Reserved. Reproduction Prohibited.
Top 10 Nonprofit Accounting Software Comparison
AccuFund for Nonprofits
Abila MIP Fund
Accounting
Cougar Mountain DENALI
Red Wing CenterPoint
FUND E-Z Fund
Fund Accounting
Accounting
www.accufund.com
www.abila.com
www.cougarmtn.com
www.redwingsoftware.com
www.fundez.com
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Select Customers
Select Customers
Select Customers
Select Customers
Select Customers
United Way of Greater St.
Big Brothers and Big
Louisiana SPCA, Mobile
Quoin Financial Bank,
L.A. Neighborhood
Louis, Shoshone Pauite
Sisters of Central Texas
Community Action
Stutzman Orchards, City
Housing Services,
of Highland
Seizemore Foundation
Key Features
Key Features
Tribe of Duck Valley
Key Features
Key Features
Additional Features
• General ledger
supports encumbrance,
allocation, budgeting
and transactions
• Financial Report Writer
(FRW) gives users
control of financial
reports for internal
management and
external reporting
• Cash receipts
• Accounts payable
module provides vendor
invoice management
and check-writing
functions
• Users can add or
redesign reports
• Fully scalable
• Administrator and
security tools
• Available add-on
modules include grant
management and
payroll
Additional Features
• Accounts payable
centralizes vendor
information and
automates 1099
production
• Advanced security
• Allocations management
• Create an unlimited
number of custom
budgets
• Data import, export and
consolidation
• Electronic requisitions
• 24/7 web access for
employees
• Track assets, calculate
depreciation and more
• GASB reporting
• Human resources
module
• Inventory control
• Include encumbrances
on financial reports
Key Features
Additional Features
• Customizable access
and permissions
• Real-time dashboards of
financial data
• Produce W-2s, 1099s
and other tax forms
• Manage multiple bank
accounts
• Track expenses by
department
• Define budgets for
specific accounts
• Audit trail
• One-step backups
• Import transactions from
external files
• Email multiple
statements, reports and
invoices to customers
• Data import and export
• Quickly access payroll
records and reports
Additional Features
• Expected vs. actual
budget reporting tools
• Customizable financial
information
• Customizable reports
• Customizable user
interface
• Departmental reporting
• Integrated payroll
• Menu-level security
• Purchase order
management
• Easily create audit trail
• Track unlimited funds
and grants
• Unlimited data capacity
Additional Features
• Multi-segment chart of
accounts
• Create unlimited number
of dashboards
• Process A/P and A/R
invoices
• Purchase order and
client invoice processing
• Direct allocations
• Indirect allocations
and batch processing
modules available in Pro
Edition
• Security management
includes permission and
user-based controls
• Data import and export
• Import cash receipts,
disbursements, invoices
and more
© 2015, All Rights Reserved. Reproduction Prohibited.
Related Software Solutions
Business-Software.com recommends that organizations looking for nonprofit accounting software solutions
also explore related financial management tools. Review the following product as a supplement to your
nonprofit accounting software choice.
ü
SutiSoft SutiExpense is an
end-to-end travel and expense
solution that manages tasks
from point of purchase to
reimbursement. SutiExpense‘s
open platform architecture
integrates with most online
booking tools, corporate card
providers, financial platforms
and ERP solutions.
Great for expense management
and spend forecasting.
www.sutisoft.com/sutiexpense
Select Customers
Bona, Cipla, Comcast Ovations, Four Seasons, Yamaha
Key Features
• Flexible pricing structure starts at $6
per user per month
• Rules-based expense management
with flexible approval workflows
• Customizable and very intuitive user
interface
• Customizable field options and easy
general ledger data export to any
ERP or accounting platform
• Real-time analytics, intelligent
receipt capture, biometrics
and automated receipt
matching
• 256-bit encryption, real-time
backup and dynamic signature
verification
© 2015, All Rights Reserved. Reproduction Prohibited.