Finding accounting software is never simple, especially since it can seem utterly impossible to find nonprofit accounting software that you can actually afford. However, there are many fund accounting nonprofit options available. If your organization is looking for something more user-friendly and reasonably priced, QuickBooks Online might be the best option. Here you will read about QuickBooks online for nonprofits and if you want to know more about QuickBooks topics like how to pay credit card accounts on QuickBooks desktop and how to manage to intuit online account then click on this link.
Although QuickBooks Online doesn’t have any features created especially for nonprofits, it does have a number of significant integrations. Without spending thousands of dollars on pricey, complex fund accounting software, you can use these integrations to build the ideal software for your company.
The benefits of QuickBooks Online and significant integrations that you can use for your nonprofit will be discussed in this post. Find out if QuickBooks Online is the right software for your business by reading on.
CAN I USE QUICKBOOKS ONLINE FOR MY NONPROFIT?
One of the most widely used options for accounting software is QuickBooks Online and for good reason. It has many features and hundreds of connections to other well-known programs and applications. It’s also simpler to use and learn than QuickBooks Desktop, making it a good option for those new to accounting.
Nonprofits can still use QuickBooks Online even though there isn’t a version specifically for them. Nonprofits can benefit from several important features, including billing, time tracking, and payroll. Nonprofits can also use integrations to maximize the potential of the software. Over 650 popular app and software integrations are available in the QuickBooks Online App Store, ranging from payroll and project management to accounts payable and nonprofit tools.
WHAT TYPES OF NONPROFITS DOES QUICKBOOKS ONLINE SUPPORT?
A wide variety of nonprofits, including the following, can use QuickBooks Online:
- Churches and other places of worship
- Leagues and organizations for business
- Fraternal relationships
- Social groups
- Charities
- Education institutions and schools
- Foundations
- Unions and associations of workers
- Associations for trade
Small to midsize businesses are the most suitable for using QuickBooks Online. Although the software might be suitable for some larger businesses, the most expensive plan only allows for 25 users, so bear that in mind. Furthermore, some features are exclusive to more expensive plans. When add-ons like payroll and fees for particular integrations are taken into account, the software might end up being too expensive for very small nonprofits with limited funding.
QUICKBOOKS ONLINE NONPROFIT FEATURES
There are no features specific to nonprofits in QuickBooks Online. You can designate your business as a nonprofit when you create your QuickBooks Online account, but that’s about it. This will result in a unique nonprofit chart of accounts. Instead, the robust accounting features are the main advantage of using QuickBooks Online for nonprofits. Here are some of the most important features for nonprofits, though you can read our complete QuickBooks Online review to find out more.
EXPENSE TRACKING
You can easily import your expenses into QuickBooks Online from your nonprofit’s bank account, credit cards, or services like PayPal or Square. With QBO’s receipt capture feature, custom tags, and auto sorting, expense tracking is made even easier.
DONATION TRACKING
You can use QuickBooks Online to track donations instead of income. It’s simple to sync your accounts with QuickBooks Online so that donations are automatically imported, doing away with the need for manual entry.
PROJECT MANAGEMENT
If your nonprofit is starting a project (or several), you can use QuickBooks Online’s project management feature to monitor finances and labor costs, generate and send invoices, and easily maintain the progress of your projects.
Transparency with your board, donors, and governmental organizations is one of the most crucial aspects of managing a nonprofit. Fortunately, QuickBooks Online puts a wide range of reports at your disposal. One thing to keep in mind is that you must subscribe to one of the higher-tier pricing plans in order to access more sophisticated reporting.
Contact lists, inventory lists and worksheets, open pledges, pledges and received funds, account lists, general ledgers, and other reports may be useful to your nonprofit.
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