TLDR:

• Nonprofit accounting software helps track expenses, file tax forms, and organize donations.
• Top accounting tools for nonprofits include Aplos, Xero, Sage Intacct, QuickBooks Enterprise, Striven, and Wave Accounting.

Key findings:

Nonprofit organizations have unique fiscal needs and financial obligations, including tax reporting and donation tracking. The article reviews six of the best accounting software options for nonprofits in 2024 and provides a detailed comparison of their features, pricing, and suitability for various organization sizes.

Best overall nonprofit accounting software: Aplos

Aplos is highlighted as the best overall nonprofit accounting software due to its comprehensive features tailored for nonprofits, including fund accounting, grant management, and Form 990 preparation. It offers three scalable plans starting at $79 per month for two users, and comes with a 15-day free trial.

Best for small nonprofits: Xero

Xero is recommended for small nonprofits thanks to its affordability, ease of use, and integration with over 1,000 third-party apps. Pricing starts at $15 per month, with a 30-day free trial and a 25% discount for nonprofits. It includes basic inventory tracking, charity-specific reports, and on-the-go access with a mobile app.

Best for multinational nonprofits: Sage Intacct

Sage Intacct is suitable for large nonprofit organizations with multinational operations. It offers automated financial reports, fund accounting, and AI-powered intelligent general ledger. Pricing is customized based on organizational needs, and it includes industry-specific plans for nonprofit sectors like human services and community development.