11 Best Nonprofit Accounting Software to Try

Wave Accounting is the right not-for-profit accounting software for a small or growing charitable foundation. Organizations can become their own accountants and save donation money on additional staff.

Wave works online on popular web browsers. This nonprofit accounting software offers free invoice, accounting, and banking services. Wave was launched in 2010 and now has 250+ employees. In June 2024, it reached $3,000,000,000 in invoice-generated payments.

MIP Fund Accounting is one of the best accounting software for nonprofits. It supports nonprofits, municipalities, tribes, educational, and other organizations. It allows organizations to manage finances and revenue sources with built-in compliance and robust reporting tools.

MIP nonprofit accounting software helps users manage an unlimited number of grants, account for flexible segments, handle restricted and unrestricted funds, and develop insights into the organization. Bill Locklear and Hans E. “Rusty” Turley Jr. invented MIP Fund Accounting software in 1982. It serves over 100,000 clients in 30 countries.

Intuit QuickBooks is an accounting software that enables nonprofit organizations to accept, monitor, and manage donations. It allows users to accept online donations from various donors and entities by credit card, debit card, bank transfer, cash, or check.

QuickBooks Enterprise plan lets users securely manage thousands of donors, vendors, and items. It also supports adding up to 40 users. QuickBooks was launched in 1998 in the USA and offers a mobile app for nonprofits to record money on mobile devices. The features of this software are explained in our QuickBooks Online Review.

Sage Intacct is designed specifically for small to medium-sized nonprofits. It helps foundations, associations, faith-based and governmental organizations manage their finances, track donations, and generate reports. Thus, these organizations fully comply with regulations and remain transparent to their donors.

Sage nonprofit accounting software, founded in 1999, offers additional advanced features, including fund accounting, grant management, nonprofit revenue recognition, spend management, and multi-entity consolidations.

Xero is online accounting software for nonprofits and charities. It allows nonprofits to get an overview of their business and track its financial health. Xero is a good choice for nonprofits looking for a straightforward application for recurring pay runs.

Besides employee pay records, Xero securely stores employee data and personal details. It also creates and manages invoices, including unpaid and overdue invoices. Xero was launched in 2006 in New Zealand. Read more about Xero in our Xero Accounting Review.

MoneyMinder is a nonprofit treasurer accounting software with the necessary features and functionalities to operate a charitable agency swiftly. Volunteers with no prior bookkeeping experience can also use the tool so that nonprofits can save money on accountants and bookkeepers.

MoneyMinder has a Document Library module that stores receipts, forms, records, other documents, and tax filing templates. It helps users create a budget or forecast expenditure based on charitable activities and categories. MoneyMinder was established in 2003 in Washington, US.

Zoho Books is a well-rounded not-for-profit accounting software for any nonprofit agency. Whether it’s a new charitable foundation or a nonprofit with global operations, it offers scalable features and pricing models to fit the needs of every organization devoted to a good cause.

Organizations can focus on grants, donations, and events while the application swiftly manages all the inflow of donation funds and categorizes them. Zoho was established in 1996.

Aplos is an advanced fund accounting platform for churches to manage finance, donations, and people. Over 40,000 charitable foundations use this tool to keep their tax-exempt status undamaged. It allows all sizes of nonprofit groups and faith-based organizations to run their operations, manage their business, and actively engage with their communities and donors.

Aplos is also renowned for nonprofit bookkeeping services. Users can request on-demand services to process challenging accounts or tax returns. Its bookkeeping team offers accurate records, better financial statements, and simplified solutions. Aplos was founded in 2009.

Accounting Seed is easy to operate and manages a wide range of nonprofit tasks and campaigns for churches and other charitable organizations. Organizations can even train their volunteers to use the tool to save money on additional staff hiring.

Accounting Seed offers a full grip and oversight over the financial management lifecycle of a charitable agency. It enables one to view financial statements, donation reports, and tax filing in real-time. Thus, organizations can quickly deal with donors and granting authorities to secure more donations for their charitable cause.

Accounting Seed was launched in 2011 and currently serves over 1,000 customers and more than 50,000 users worldwide.

Akaunting is a popular accounting tool for small nonprofit agencies. It helps them cut costs while complying with stringent charitable foundation policies. It also makes online finance management easy with accounting, expense tracking, and other features.

The self-hosted, on-premise version of this open-source software is available for free. Akaunting was launched in 2017. Over 200,000 users use this tool in 100+ countries.

Denali Fund from Cougar Mountain is designed as a bespoke solution for non-profit organizations that are trying to stay on top of their fund accounting. In addition to revenue and expenses, it shows EBITA (Earnings before interest, taxes, and amortization) and cash on hand so the organizations can make data-driven decisions.

Cougar Mountain software was launched in 1982 and serves nonprofits and small and mid-sized businesses.