Published On: Mon, Sep 30th, 2019

How to get best non profit accounting

When we look at business sectors we think of money. Every business needs an accounting firm. Not all businesses focus on mondh. So concentrate on, non profit organizations that can, and should, be held up to the same economic lens as any business. Click here to find out more.

non profit accounting

In fact, charities, social service agencies, arts organizations, schools, membership associations and even churches are ultimately businesses that happen to have a motive other than making money. Just because they aren’t there to make a profit does not mean that they aren’t a  profitable niche.

So, for such a firm, best nonprofit accounting is needed.

What is  Nonprofit accounting.

Nonprofit accounting refers to the unique system of recordation and reporting that is applied to the business transactions engaged in by a nonprofit organization.Net assets take the place of equity in the balance sheet, since there are no investors to take an equity position in a nonprofit.

Where can you find NPA?

Thankfully, some low-cost and free options are available for nonprofits that don’t have a lot of money to spend on specialized accounting software. So they invest in something that is beneficial and affordable.
One of the best option is –https://www.sparkrock.com/nonprofit/, As it is easy to use, yet has many features that are relevant for nonprofit bookkeeping. It costs less and can easily be adapted to suit nonprofit organizations.

Benefits:

Nonprofit Accounting Software is a cloud-based accounting solution that provides affordable, yet comprehensive bookkeeping and accounting solutions for small and medium-sized nonprofit organizations. The ability to import data saves time over traditional data entry and copy/pasting and there is cross-platform integration for their fundraising and payroll services.

Core features include:

  • General ledger
  • FASB compliant statements
  • Bank reconciliation
  • Cash receipts and disbursements
  • Asset management
  • Donor management
  • Budgeting and forecasting

Optional features:

  • Accounts payable/receivable
  • Cost allocations
  • Fundraising management
  • Volunteer management
  • Donation processing
  • Campaign management
  • Payroll

Best for: Small and medium-sized nonprofit organizations and churches

Over all review:  

Using the right kind of technology, you can change potential donors to actual donors. It is a real game-changer. It allows to manage lead generation, saving you time, reducing your stress, and most importantly, improving your accuracy and record keeping by having everything in one place and not having to rely on multiple tools. Additionally, it has built-in templates to improve your reporting that you can then customize to meet your needs.