Some of the notable features of the software include payment tracking, payroll management, credit card processing, and finance management, among others. Wave Accounting is an online invoicing and accounting solution that simplifies nonprofit bookkeeping processes. Wave Accounting: Offers finance and invoice dashboards MoneyMinder offers customer support via phone, email, and chat.Ģ. These include meeting agendas, audit findings, check letters, and internal revenue service (IRS) documentation for nonprofits. MoneyMinder also features a document library that contains all the commonly used forms, templates, and documents that can be used for quick references. The software allows you to send acknowledgement receipts to donors. In addition to managing volunteers and members, the accounting solution allows you to manage donors. The nonprofit accounting software also allows you to manage members’ information, track dues, and record membership fees at different levels. MoneyMinder offers volunteer management tools that allow nonprofits to track volunteer hours in relation to events and generate reports. You can keep track of your budget and compare it with the actual expenses to set future goals. These budgets can be categorized based on different activities, such as fundraising, administration, and programs. The software features budget templates that can be modified while creating custom budgets for the nonprofit organization. MoneyMinder is an online accounting solution for nonprofit organizations that allows users to manage their finances, reconcile bank accounts, and track volunteer activities.

MoneyMinder: Features budget templates for custom budgets ( Read how we selected these products.)ġ. This article highlights the three best free accounting software for nonprofits (listed alphabetically) based on user reviews and ratings. Fortunately, there are several tools available that allow you to manage your nonprofit’s finances for free. You may not want to invest in an expensive accounting solution, especially if you are just getting off the ground. While there are dozens of easy-to-implement accounting software options available on the market, they are often pricey. Accounting software for nonprofits allows users to streamline accounting tasks, track grants and endowments, manage reimbursable grants, generate financial statements, and more. In case you are starting afresh as a nonprofit business and wondering how to document funds and expenses meticulously, you probably need to look for an accounting system for your organization.

Recording donations, managing payroll, and handling cash flows are some of the common issues these organizations face. Accounting software helps streamline accounting and bookkeeping tasks.įueled by grants and contributions, nonprofit organizations often face increased requests for accountability and transparency in financial reporting.

Free bookkeeping programs for mac