Accounting software provides the foundation and framework for the financial management of nonprofit organizations, charitable groups, and other businesses. With increasing competition, finding the best accounting software for your organization's needs can be a difficult task. Fortunately, there are a number of excellent accounting software solutions that are tailored specifically to the needs of nonprofits and charitable groups. This article will provide an overview of the five best accounting solutions available and detail their capabilities to help you make an informed decision about which is best for your organization.
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Odoo is an open-source accounting software that includes features such as invoicing, expense tracking, and inventory management. It is primarily aimed at small businesses and includes various other business tools.
- Invoicing
- Invoicing
- Expense tracking
- Inventory management
- Financial reporting
- Open-source platform with modular design for customization
- Comprehensive financial and project management
- Advanced CRM and eCommerce capabilities
- Steep learning curve for some users
- Limited customer support options
- Some users may find the interface too complex or cluttered
Pricing for Odoo starts at $31.10/month and moves up to $46.80/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$31.10/month
Pricing Plan 2:
$46.80/month
- Shopify
- Gmail
- FedEx
FreeAgent is a cloud-based accounting software aimed at freelancers and small businesses. It includes features such as invoicing and expense tracking.
- Invoicing
- Invoicing
- Expense tracking
- Financial reporting
- Project management
- User-friendly platform for freelancers and small business owners
- Simplified project and time management
- Easy tax filing and compliance
- Limited customization options for certain features
- Higher pricing for advanced features and multi-user support
- Limited mobile app capabilities
Pricing for FreeAgent starts at $0/month and moves up to $24/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$0/month
Pricing Plan 2:
$24/month
- Dropbox
- Salesforce
- Google Drive
Zoho Books is a cloud-based accounting software that provides features such as invoicing, expense tracking, and inventory management. It is aimed at small businesses and includes integrations with various other business tools.
- Invoicing
- Invoicing
- Expense tracking
- Inventory management
- Financial reporting
- User-friendly interface with customizable templates
- Robust inventory and project management
- Powerful bank reconciliation and payment processing
- Limited mobile app capabilities
- Some users may find the interface too cluttered or confusing
- Limited customization options for certain features
Pricing for Zoho Books starts at $0/month and moves up to $240/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$0/month
Pricing Plan 2:
$240/month
- Shopify
- Salesforce
- HubSpot
Acumatica is a cloud-based accounting software that provides financial management, inventory management, and order management features. It is aimed at businesses of all sizes and includes integrations with various other business tools.
- Invoicing
- Financial management
- Inventory management
- Order management
- Project accounting
- Unified platform for financial, inventory, and order management
- Robust project and CRM management
- Flexible and scalable customization
- Steep learning curve for some users
- Higher pricing for advanced features and customization
- Limited customer support options for some plans
Pricing for Acumatica starts at Custom and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
Custom
Pricing Plan 2:
Custom
- Salesforce
- Dropbox
- Zapier
FreshBooks is an accounting software that includes invoicing, time tracking, and project management features, primarily aimed at freelancers and small businesses. It is cloud-based and offers mobile apps for iOS and Android.
- Invoicing
- Invoicing
- Time tracking
- Project management
- Estimates and proposals
- Time-saving automation of invoicing and payment processing
- Easy time tracking and project management
- Simplified tax preparation
- Higher pricing for advanced features and multi-user support
- Limited customization options for invoices and reports
- Limited integration options with other software
Pricing for FreshBooks starts at $17/month and moves up to $55/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$17/month
Pricing Plan 2:
$55/month
- Shopify
- Trello
- Mailchimp
