A nonprofit business needs good bookkeeping for the charities that they are supporting. When you are starting a charity, consider one of these automated bookkeeping system for the business and finance reports nonprofits organizations will need to provide to everyone associated with the nonprofit organization.
1. QuickBooks by Intuit for Nonprofit
QuickBooks is considered a low cost option for those who are starting a charity. The Premier Edition for nonprofit information allows you to create end-of-year donation statements and create Form 990 Statement of Function for government reporting. The Premier Edition starts at $359.95 for upgrades and $399.95 for the complete system. This system is excellent for those who are just starting a charity and are not familiar with basic bookkeeping as the software will not allow you to enter an unbalanced entry.
2. QuickBooks Online Edition for Nonprofit
If several people will need to access the financial records for entering donations and expenditures, QuickBooks Online Edition is a good choice. Each authorized person can sign into QuickBooks Online and submit entries. The ideal part is that each person can be limited to what areas they can access and cannot mess up the entire system. Intuit offers a free trial for you to test drive this option.
3. Foundation Group for Nonprofit
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