How do I set up QuickBooks for nonprofits?

Change your company type to nonprofit

  1. Select Settings ⚙️, then Account and settings.
  2. Select Advanced.
  3. In Company type, select Edit ✏️.
  4. Select the Tax form ▼ dropdown, then choose Nonprofit organization (Form 990).
  5. Select Save, then Done.
  6. Sign out and sign back in to see the changes reflected throughout QuickBooks.

Does QuickBooks offer nonprofit discounts?

Parent company Intuit does not advertise a nonprofit discount. However, you can qualify for a deep Quickbooks discount through a membership in TechSoup.

How much does QuickBooks for Nonprofits cost?

How much does QuickBooks for Nonprofits cost? The cost of QuickBooks for Nonprofits varies based on the product you choose. QuickBooks Premier starts at $499.99/year, or you can purchase the software outright for a one-time cost of $649.99. QuickBooks Enterprise starts at $1,655/year.

What is the best software for Nonprofits?

The Best Software for Nonprofits

RankingNonprofit SoftwareSoftware Type
#1LumaverseDonor Management
#2Fundly ProCrowdfunding
#3360MatchProMatching Gifts
#4BoardableBoard Management

How do non-profits keep books?

How to Do Nonprofit Bookkeeping

  1. Find a bookkeeping solution.
  2. Hire a bookkeeper that has experience with fund accounting.
  3. Establish a bank account for the nonprofit so you’re not mixing personal and business accounts.
  4. Record in-kind donations (goods and services are exchanged rather than money)
  5. Identify and track budgets.

Is there a nonprofit version of QuickBooks Premier?

While there is a specific version of Quickbooks for nonprofits — QuickBooks Premier NonProfit — the standard version of QuickBooks costs less and can easily be adapted to suit nonprofit organizations. Customizing Quickbooks for nonprofit accounting is simple and mainly involves changing a few terms in the menus.

Can a nonprofit use QuickBooks for accounting software?

Make no mistake — QuickBooks is NOT a fund accounting software and may not be appropriate for all nonprofits; however, it can be easily set up to meet the needs of most small to moderate-sized nonprofits. Eligible nonprofits can request donated QuickBooks Premier Editions through TechSoup.

What’s the difference between QuickBooks Premier and QuickBooks Enterprise?

One of the biggest differences between QuickBooks Premier and QuickBooks Enterprise is the cost. While both offer the nonprofit edition, QuickBooks Enterprise allows for more users, advanced inventory, and lead management.

How are donations recorded in QuickBooks for nonprofits?

You can create and manage pledges in QuickBooks Premier or Enterprise for Nonprofits. When creating a pledge, you can record the item, description, class, amount, and tax. Donations your organization receives can easily be recorded in QuickBooks. You can record all donations made by check, echeck, credit card, debit card, or cash.

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