When you’re in the business of making the world better, the last thing you want slowing your team down is complex non-profit accounting. From grants to donations, your organization faces quite a few unique financial scenarios that traditional business software just does not account for. Furthermore, as a nonprofit, you need to know how much money you have on hand, remain accountable to your donors and board, and keep detailed records for your grant spending.
If you’ve been looking for non-profit solutions to keep your books balanced and your team as active as possible, you may want to consider investing in a nonprofit accounting software. Nonprofit account software helps NPOs run more smoothly on a day-to-day basis and in the long term.
How can the best accounting software for nonprofits boost your organization’s productivity and impact?
Nonprofits not only do great work for worthy causes, but nonprofits like yours also improve the overall economy and uplift the community.
From employing over 12.3 million Americans to stimulating $2 trillion dollars in spending, nonprofits are a vital part of the U.S. economic system and global economy. Whether you began your NPO for this reason or not, you are a job creator.
As an employer, you have to keep track of your employees’:
While you didn’t sign up to be an accountant, you cannot avoid managing payroll, spending, and more. You bravely began your nonprofit to improve the world around you. Don’t let calculating social security withholding derail your intentions.
Sage accounting for nonprofits can make your employees’ payroll easy, so you can spend more time connecting those employees to your cause.
Taking on a larger staff can feel like a massive risk and an accounting headache. But growth is a clear sign of a healthy NPO.
Understanding how quickly to grow is key to balancing the risk.
Using software for nonprofit accounting, you can have an accurate picture of your organization’s financial standing. And when you have a clear picture of your nonprofit’s spending, savings, and cash-on-hand, you can feel confident expanding your team.
While having more hands working toward your cause has the obvious effect of multiplying your efforts, more employees also strengthen your organization and multiples its reach.
Most nonprofits go from a small collective of passionate people to a business-like structure with all the administrative tasks that come along with them. These tasks can pull you away from the original intent of your mission, yet you want to ensure all of your finances are handled correctly. Furthermore, if your NPO is still growing, you may not be ready to take on a full-time accountant, let alone a full accounting team.
As a nonprofit, you’re held to a higher standard of transparency and accountability. Integrating a program such as Sage nonprofit online accounting will make staying current and accurate easy. This will come in handy as you continue to apply for grants and keep track of your grant spending. It will also allow you to develop detailed presentations to present to your board and your donors.
Not only does this accountability build confidence from donors, but it also ensures every penny has been used appropriately.
We know it’s often easier to elicit donations from existing donors, which is why so many nonprofits focus on building their nonprofit CRM systems. Sage nonprofit accounting software manages your CRM details for you. As a nonprofit database software, Sage allows you to begin analyzing data to better understand your target audience, donation trends, and what efforts expand your donation base.
This can be an invaluable asset over time. As your organization develops, you want your nonprofit CRM system to develop with it. This will make keeping track of your goals easier and improve every role’s effectiveness within your organization.
Just as Sage nonprofit online can make transitioning accounting roles easier, it can do the same for other nonprofit positions, such as
When you use nonprofit software to automate your administrative tasks, you can refocus your energy on your initial mission. And using a nonprofit management software that includes a financial component can keep all of your projects in one place.
Choosing the best accounting software for nonprofits can be tricky. The nuts and bolts of any software aren’t apparent until you really dive into using them. If you’re searching for your nonprofit’s accounting software, you can rest assured that Sage accounting for nonprofits has your needs covered.
When it all boils down, using accounting software for nonprofits will get you back to doing what you do best: changing the world, creating jobs, and managing your team. And with Sage’s nonprofit tools on your side, your nonprofit will run smoothly with improved nonprofit CRM, cloud-based accounting, and nonprofits solutions to managing donations and grants. Because, when your numbers are accounted for, everything else falls in place easier.
Your nonprofit makes a difference. Let accounting software designed for your needs make a difference for you.