2015 EDITION TOP 10 NONPROFIT ACCOUNTING SOFTWARE REPORT

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1 2015 EDITION TOP 10 NONPROFIT ACCOUNTING SOFTWARE REPORT Comparison of the Leading Nonprofit Accounting Software Vendors

2 Overview of Nonprofit Accounting Software Solutions Nonprofit organizations face financial and constituent 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 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 functions including donation and grant tracking, fund accounting functionality, a viewable dues registry and budget and overhead. Before selecting a nonprofit accounting system, also consider the benefits of an intuitive interface, 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. SaaS deployment SaaS and on-premise available Accounts payable/ receivable Batch processing On-premise deployment Bank reconciliation Budget Grant Payroll Financial reporting About Business-Software.com Business-Software.com is your go-to source for business software reviews, expert advice, in-depth articles and product white papers to meet all of your software needs. We re the most comprehensive online resource for buyers and vendors, catering to more than 300,000 members who trust us to connect them with the right software. We offer exclusive comparison reports for 80+ business software segments, enabling you to efficiently research and review highly rated software products. Download our free reports to discover top business solutions for Accounting, CRM, ERP, CMS, Manufacturing, HR and more.

3 Top 10 Nonprofit Accounting Software Comparison Serenic Navigator NetSuite ERP Intacct BlackBaud Financial Edge Intuit QuickBooks Premier for Nonprofits us.intacct.com quickbooks.intuit.com $$$ $$$ $$ $$$$ $ 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 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 Financial accounting provides visibility into payables and receivables Fixed asset 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 Shipping and fulfillment Revenue recognition Recurring revenue Anytime, anywhere access and visibility Robust fund, grant and donor accounting Flexible budgeting and planning Real-time reporting and dashboards Built-in expense Purchase 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 Grant 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 add-on available 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 s, phone numbers and web addresses Create end-of-year donation statements Create form 990 (Statement of Functional Expenses) Track individual donors contribution totals

4 Top 10 Nonprofit Accounting Software Comparison AccuFund for Nonprofits Abila MIP Fund Accounting Cougar Mountain DENALI Red Wing CenterPoint Fund Accounting FUND E-Z Fund Accounting $$ $$$ $$ $$ $$$ 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, Tribe of Duck Valley of Highland Seizemore Foundation General ledger supports encumbrance, allocation, budgeting and transactions Financial Report Writer (FRW) gives users control of financial reports for internal and external reporting Cash receipts Accounts payable module provides vendor invoice and check-writing functions Users can add or redesign reports Fully scalable Administrator and security tools Available add-on modules include grant and payroll Accounts payable centralizes vendor information and automates 1099 production Advanced security Allocations 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 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 multiple statements, reports and invoices to customers Data import and export Quickly access payroll records and reports Expected vs. actual budget reporting tools Customizable financial information Customizable reports Customizable user interface Departmental reporting Integrated payroll Menu-level security Purchase order Easily create audit trail Track unlimited funds and grants Unlimited data capacity 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 includes permission and user-based controls Data import and export Import cash receipts, disbursements, invoices and more

5 Related Software Solutions Business-Software.com recommends that organizations looking for nonprofit accounting software solutions also explore related financial tools. Review the following product as a supplement to your nonprofit accounting software choice. ü Great for expense and spend forecasting. 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. Bona, Cipla, Comcast Ovations, Four Seasons, Yamaha Flexible pricing structure starts at $6 ERP or accounting platform per user per month Real-time analytics, intelligent Rules-based expense receipt capture, biometrics with flexible approval workflows and automated receipt Customizable and very intuitive user matching interface 256-bit encryption, real-time Customizable field options and easy backup and dynamic signature general ledger data export to any verification