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Open Source Accounting Software for Nonprofit Organizations

Open Source Accounting Software for Nonprofit Organizations is a specially designed accounting system for nonprofit organizations. This Open Source Accounting for nonprofit, also known as Nonprofit accounting software, is a free accounting software that can help your nonprofit organization with financial management. This accounting Software for Nonprofit help you increase cash flow.

Open Source Accounting Software for Nonprofit Organizations is the right platform for nonprofits who are not willing to pay the hefty price tags on proprietary software. These open source software can help your organization to capture, allocate, allocate and report financial transactions in user friendly way.

If you are looking for Accounting Software for your Nonprofit Organization, there are a few things you want to consider. They are simplicity, ease of use, affordability, security, ability to scale, freedom of customization, and reliability.

Choosing the right accounting software for nonprofits can be a daunting task. To help you choose, we have put together this guide detailing the best open source accounting software for nonprofit organizations to use.

GnuCash

GnuCash is a small-business financial accounting software available for Windows, Mac, and Linux users. Along with standard accounting software functions such as transactions and financial calculations, it also features a double-entry system and the ability to account for multiple currencies.

GnuCash is also consistently being developed by the GnuCash Project and offers substantial user support through bug reports and team chat. GnuCash is a fantastic option to go with for any small nonprofit.

Have you used GnuCash? Be sure to leave a review!

Invoice Expert Lite

Offering a litany of features, Invoice Expert Lite is the free version of the company’s full accounting software. Under the Lite edition, you have access to invoicing, quoting, inventory control, custom tax settings, payment history, as well as other accounting features.

In addition to these features, Invoice Expert also offers tech support to help with any glitches or questions with the software. If you choose to upgrade your software, Invoice Expert doesn’t require you to re-download your software all over again; you can just purchase the full software for $69.95.

TurboCASH

TurboCASH is an on-premise, entry-level, open-source accounting software option made for single users and smaller networks. Features include automated billing, accounts payable and receivable, invoicing, credit card processing, etc. This software runs on Windows, Mac, and Linux.

Being an open-source program, formal support (beyond user forums) is non-existent. However, considering the 4.8 out of 5 star rating on Sourceforge, TurboCASH is considered a reliable software option. It may not be pretty looking but brings solid functionality to the table.

NetSuite Software

With an integrated system that includes ERP, financials, commerce, inventory management, HR, PSA, supply chain management, CRM and more – NetSuite enables fast-growing businesses across all industries to work more effectively by automating core processes and providing real-time insights into operational and financial performance.

NetSuite is a cloud accounting software that provides a complete view on financial performance and cash flow analysis. The system comes with features including general ledgers, cash management, tax management, accounts receivable and payable, fixed asset management, and payment management.

Pros

– Very Robust and Fully customizable

– Have an API and so connecting with the third parties and other tools you use internally can be definitely doable.

– Multiple currencies, locations, and internationalization help you when you have to access in different subsidiaries

– Have great tools for making reports The support has been great the last 2 or 3 times I used it.

Cons

– Sometimes tends to be slow, It seems like that was a problem with the implementation but in general, it feels slow.

– The UI looks old, but does what you need.

– The documentation is really heavy and sometimes is hard to find things there.

QuickBooks Desktop Enterprise

QuickBooks Enterprise is an accounting solution designed for SMBs across different industry verticals such as construction, nonprofit distribution, manufacturing, and retail. With QB Enterprise solution, any business owner can expand business operations using advanced inventory, reporting, and invoice tools, in addition to premium support from Enterprise’s CS and Payroll teams. Quickbooks include inventory management, inventory tracking, expense tracking, payroll management, invoicing, multi-user management, advanced reporting tools, and more.

QuickBooks Enterprise offers customizable reporting tools that help users analyze data and make informed business decisions. With over 200+ auto-filled templates and 70 industry-specific reports, this Quickbooks accounting software helps businesses find the QuickBooks data to solve any business issue. Quickbooks advanced inventory tools allow businesses to gain visibility and control over the inventory management process with the ability to track inventory movement, automatically scan and update inventory items, manage any purchase order/sales order from one dashboard, and plenty more.

QuickBooks Enterprise also allows businesses to control, customize, and automate financial transactions with job costing tools, batch invoicing, invoice tracking, cash flow management, fixed asset tracking, sales tracking, payment processing, and more. Businesses also have to ability to scan and attach multiple documents including receipts and quotes for multiple accounting tasks. The tool enables businesses to arrange documents into categories and keep track of important accounting files. This solution also maintains a change log to record changes within each document with the proper date and time stamp.

xTuple PostBooks

PostBooks is a very polished and well rounded software option that encompasses accounting, customer relationship management (CRM), and enterprise resource planning (ERP) features. It offers your standard accounting features such as general ledger, accounts payable and receivable, and bank reconciliation, along with CRM and ERP features such as address books and vendor lists.

PostBooks has a polished and modern look, which you typically expect from a paid software option. Unfortunately this option is only free with one user and additional users requires additional purchased product keys.

Conclusion

While nonprofits receive millions in donations and government grants, there is a small amount of money funneling into building non-profit accounting systems. Accountants and bookkeepers manage and keep non-profit organizations running, but could use a helping hand when it comes to software. Thankfully open source software exists that provides nonprofit organizations with the best accounting software for nonprofits.

Open source accounting software for nonprofit organizations is ideal to keep track of all the revenues and expenditures transacted in daily accounting transactions. Most of this software is free to download, easy to configure and deploy. Open source accounting software supports donation tracking, fundraising campaigns, general ledgers, monthly reports, or any other paper works required.

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