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QuickBooks For Nonprofits: The Complete Guide

    Erica Seppala
  • 6 comments
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Erica Seppala

Erica Seppala

Expert Analyst & Reviewer at Merchant Maverick
An expert in accounting, finance, and point of sale, Erica has been researching and writing about all things small-business since 2018. Erica's insights into personal and business finance have been cited in numerous publications, including MSN, Real Simple, and Reader's Digest. She is a graduate of Limestone College.
Erica Seppala
View Erica Seppala's professional experience on LinkedIn.

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6 Comments

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    Jay S

    Quickbooks should never be recommended for non profits like churches. First it doesn’t follow FASB Topic 958 by having self balancing accounts within funds. You can’t use classes in QB to accomplish this. Second QB allows transactions to be entered without assigning a class thus the reports will always be wrong since unclassified transaction don’t get put on any of the reports for say the General Fund class. While QB is good for a for profit company in most regards, it also does not follow ALL GAAP standards.

      This comment refers to an earlier version of this post and may be outdated.

      Amy chui

      1. Any discount for charity organization?
      2. Our organization is very very small. Which version of quickbook you recommend.

      Thanks

        This comment refers to an earlier version of this post and may be outdated.

        Chelsea Krause

        Hi Amy,

        Thanks for reaching out! QuickBooks does offer a nonprofit discount for it’s QuickBooks Online product. You can learn more about that here. My recommendation would depend less on the size of your business and more on your familiarity with accounting. If you don’t have much accounting experience, need mobility, or are looking for specific nonprofit integrations like Kindful, DonorPath, or NeonCRM, then I’d recommend using QuickBooks Online. If you are familiar with traditional accounting (or are up fo the steep learning curve) and need more advanced reporting, then QuickBooks Premier Nonprofit Edition might be a better fit.

        I’d recommend reading our post on the best nonprofit integration for QuickBooks Online to learn if one fo those options will meet your needs. Then give QBO a try with the free trial to help you decide if you like the software or not. Let us know if you have any other questions!

        Best wishes,

        -Chelsea Krause

          This comment refers to an earlier version of this post and may be outdated.

          Jac Martin

          QuickBooks is now helping the non-profit organization to manage their accounting work, nicely explained the points about available Quickbooks version for the non-profit organization.

            This comment refers to an earlier version of this post and may be outdated.

            SD

            This was a great article that helped me make a decision on what product we really need. Thanks!! 🙂

              This comment refers to an earlier version of this post and may be outdated.

              Chelsea Krause

              I’m glad you found the article to be so helpful!

              Best wishes,

              -Chelsea Krause

                This comment refers to an earlier version of this post and may be outdated.

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