![]() It was designed by nonprofit experts to meet the needs of nonprofit and small governmental agencies. These are our top picks.įastFund Online Nonprofit Fund Accounting is an all-in-one accounting, fundraising, and payroll software program. We looked at about a dozen of the top accounting systems available based on all of these factors and more and identified the best accounting software for nonprofits. ![]() In addition, software should be able to generate detailed reports for presentation to a board of directors and donors, as well as for filing the annual IRS Form 990. When looking for accounting software, it’s important that it allows for detailed tracking of donations, donors, and expenses. If they don’t, they can lose this status, which can open them up to an IRS audit and make all of the donations they’ve previously received taxable. Nonprofits must follow strict guidelines to maintain their tax-exempt status. ![]() When it comes to accounting software, it's just as important for nonprofits to track income and expenses as it is for businesses. Read our advertiser disclosure for more info. We may receive compensation if you visit partners we recommend. We recommend the best products through an independent review process, and advertisers do not influence our picks.
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