You can also access Aplos from multiple devices, unlike desktop software that can only be accessed from a single device. Easily manage events with unlimited custom registration forms and automatic attendance tracking for registrants. You can sell individual and group tickets for retreats or fundraisers, and people can also RSVP for free events, like potlucks. Upgrade for more granular reporting so you can harness the ability to see the exact data you need across your funds, departments, projects, and locations.

The system allows you to track up to 100,000 donors and issue year-end charitable receipts. You can easily manage donor profiles, run custom reports, and receive unlimited tech support, all for a small fee. Microsoft Dynamics 365 is a comprehensive ERP and CRM solution that offers a range of capabilities and features applicable to nonprofits. The system allows nonprofits to maintain a centralized database of supporters and donors.

Non-Profit Reporting

The selected program should be able to automate everyday tasks and minimize errors. FreshBooks accounting software accomplishes all of these tasks with ease and is an excellent choice depending on your needs. An annual budget plan represents a roadmap for nonprofits and ensures the organization nonprofit bookkeeping services is on the right track. You should also hire a financial officer or a treasurer who knows how to do bookkeeping for a nonprofit and is familiar with specialized accounting software. For-profit entities are individuals, corporations, or partnerships that conduct business for profit.

The goal is to be very clear on what has run through your bank account and to know why transactions have yet to show up on your statement. Other times, this can happen when PayPal deposits were recorded directly to the bank account, even though they are actually still out with PayPal and haven’t been transferred down yet. But they’ll spend most of their time digging into the details of the accounts that show up on your Statement of Position or the Balance Sheet.

Pay Attention to Tax Obligations

Like the auditors, you need to dig into the details, and you do this by reviewing and reconciling the accounts. Look for anything that can help your staff learn and navigate the software more effectively. Support that is prompt and responsive is also critical when your nonprofit encounters issues or has a question. Demos and trials allow you to evaluate the usability, functionality, and interface of the technology. You can also involve key stakeholders during this evaluation process, to gather more input and ensure every need is being met. Accounting software can make your life much easier when it comes to managing your books.

Just because your nonprofit qualifies as tax-exempt under Section 501 doesn’t mean that all of your donors’ contributions qualify as charitable deductions. And it doesn’t mean that all of the activities your nonprofit spends money on aren’t taxable. Tax-exempt nonprofit employees are still subject to employment taxes, and your nonprofit could still be subject to sales, real estate and other taxes depending on which state it’s based in. Nonprofit cash flow statements will refer to “change in net assets” instead of “net income,” and will sometimes list cash flows that are restricted to certain uses. Unrestricted net assets are any funds your nonprofit has received from donors that have no rules or conditions attached to them, like a pure cash donation. The difference between the balance sheet and the statement of financial position is that, because nonprofits don’t technically have any owners, the statement of financial position doesn’t have any equity on it.