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If you don't have an accounting background, you may want to hire a consultant or bookkeeper to help set up the software and define how you should use it. Think of it as a filing cabinet: you need the cabinet to hold your files, but you still have to set up a filing system. But many very small nonprofits with budgets below $50,000 use them as well.Īn accounting package is a useful tool, but it won't make you an accountant. Starting at only a few hundred dollars, such packages are recommended for organizations of up to a couple accounting users, several programs, and annual budgets up to $1 million. Happily, affordable accounting software options do exist.

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And many will update your accounts automatically when you write a check or create an invoice. Most accounting packages allow you to create new reports, like a cash-flow summary or information for your Form 990 - at the touch of a button. Learning to use new accounting software can be daunting but in the long run it will save you a considerable amount of time. Truth be told, Excel is dangerous as an accounting tool, as there are no built-in safeguards to keep you from deleting a transaction or accidentally duplicating a line on a report. Even if you work for a small organization that makes only a few basic transactions a month - deposits, withdrawals and invoices, for example - an application like Microsoft Excel may not be enough. What type of organization should use an accounting package? The consultants we talked to agreed: every nonprofit can benefit from one.

Beyond that, 2011 looks much like 2008 in the world of accounting software. We also learned about a recommended add-on suite, Serenic Navigator, which augments an existing mid-range solution. One mid-range package from our previous article, FundWare, became a casualty of vendor consolidation so there are only support resources listed for it now. There were very few changes to the roster of recommended solutions.

It turns out that, while the world of technology is dynamic and sometimes tumultuous, the accounting universe is a remarkably stable place. We asked three consultants to review the advice that we published in 2008 and suggest new information or changes to the roster of accounting systems that might be warranted. But, given that the world of technology doesn’t stand still, we felt it was time to revisit this topic and fill you in on what’s changed. Over the last several years, we’ve talked to a number of nonprofit consultants and accounting specialists about the accounting packages they recommend, and we published summaries of their advice in 2006 and again in 2008. Maybe we can’t prepare your taxes for you, but we can suggest a few tools to help. If you’re struggling to create reports, track expenses and complete the necessary tasks, it may be time for a new system. The accounting software you use will make or break this time of year for you and can mean the difference between a painful tax season and an easy one.
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The versions, going from limited options to unlimited options, are Online Simple Start – $12.95, Online Essentials – $26.95, and Online Plus – $39.95.Is tax season a time of time of stress, chaos, and panic or a relatively trouble-free period? Can you access the information you need in your accounting software, create reports, and track restricted funds, or does just logging on make you worry about crashing your computer? Three different versions are available for QuickBooks Online.
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QuickBooks Online can also be accessed by Blackberry, iPhone, and Android phone. Sharing with your tax pro: You can give an external accountant complete access to your Online company without it counting toward your maximum users. See our pricing section below for more information. QuickBooks Desktop can either be purchased for a one-time fee for each user or as an annual subscription with some additional benefits. The small business, traditional version of QuickBooks Online is available in three versions based on the features.
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Pricing QuickBooks Online Accountant is free for ProAdvisor members, and is also at no cost while an accountant has at least one user of the QuickBooks Online business system on his client roster.
