Accounting systems for not for profits

Peter Papano's Profile

I recently joined the board of a not for profit.  Has anyone recently evaluated accounting systems designed for not for profits?

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Member's Profile

Hi Pete

I can give you some recommendations, but I would like to know a little about the organization; type/mission, operating budget, and software budget.

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This not for profit has a relaively small staff (less than 20), has some revenue generating activities, including consulting and advisory services and an endowment.

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I am in the same position being on the board of an NPO. Due to cost restrictions and having used QuickBooks before I found that this $150 software worked just fine. When you set it up you can specify for an NPO and it will create a relevant chart of accounts. I use the classes to help keep costs and revenue tied to events that we have.

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Most of my non-profit clients use Quickbooks and it works fine with some procedures designed to track and release net assets. MIP by Sage is the only software I have used that is specific to the non-profit sector--the advantage is that it allows you to create industry standard reports automatically(breaking out Stmt of activities into restricted and unrestricted portions) and automatically tracks segregates net assets....

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We use the McKesson PFM/PMM products. They generally work well for us, but can be pricey at start up.

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Somehow I ended up being the volunteer treasurer for a small nonprofit. I just purchased QB Premier 2010 from techsoup.org and it is working great. If you qualify, they have some terrific donations for 501(c)3 They also have Sage available.

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We use FundEZ...

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Build or buy? Looking at Doclink from Altec or building system inhouse from Sharepoint. Nice if it linked to Navision which is our ap software. What else should I look at?

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