This article is part of a larger series on Accounting Software.
NonProfit+ is a cloud-based fund accounting and grant management program that helps nonprofits manage their funds, grants, budgets, and finances. Its features include restricted funds management, donor management, volunteer management, and an automated audit trail to verify and track all incoming and outgoing cash flow. For pricing information, you’ll need to contact Acumatica, which powers NonProfit+.
NonProfit+ Deciding Factors
Nonprofits or churches needing true fund accounting to track multiple funds and grants
Via Acumatica Payroll Management
Email, video tutorials, knowledge base, and paid support
Best for: Nonprofit managers who want to do bookkeeping themselves
Best for: Nonprofits that want desktop accounting
Best for: Nonprofits looking for simple accounting software
Software from: $85 per month
Software from: $799 per year
Software from: $79 per month
Read our QuickBooks Online review
Read our Aplos review
Are you looking for something different?
For general accounting software that can be customized for nonprofits, check out our guide to the best small business accounting software.
NonProfit+ vs Competitors
NonProfit+ vs Competitors FSB Case Study
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NonProfit+ Custom Priced
Aplos Starts at $79 per month
QuickBooks Online Plus Starts at $85 per month
In this NonProfit+ review, we compared the software with Aplos and QuickBooks Online Plus. Pricing for NonProfit+ is unavailable on the website, but NonProfit+ still leads over Aplos because the latter is limited to two users. QuickBooks Online Plus is the most affordable option in this set. We don’t see major differences between these three software in terms of accounting features.
For nonprofit features, however, Aplos and NonProfit+ tie at the top spot. They have the essential nonprofit features that we like to see in nonprofit accounting software. Moreover, since QuickBooks Online Plus isn’t originally intended for nonprofit accounting, it’s not surprising that it got a low score. Users can configure QuickBooks Online Plus for nonprofit use, but it’ll take a lot of work.
Overall, we recommend NonProfit+ for large nonprofits or nonprofits with multiple funds. Pricing can be an issue for NonProfit+, so we either recommend exploring Aplos or QuickBooks Online Plus.
NonProfit+ doesn’t disclose pricing on its website, but according to user review website Capterra, pricing starts at $675 per month. If you’re still interested in this software, we highly recommend getting intouch with an Acumatica rep for a custom quote.
NonProfit+ is a robust accounting and enterprise resource planning (ERP) solution exclusively tailored to nonprofits. It uses the Acumatica financial platform to help nonprofits accomplish essential tasks such as managing and reporting on funds, grants, and programs. Look at some of its core features below.
NonProfit+ includes a flexible general ledger account and subaccounts that you can configure depending on your needs. You can customize and drill down in your reports by setting up segments, segment lengths, and segment values. Since the general ledger is integrated with all the other modules, it gives you access to your most critical financial data.
Accounts Receivable (A/R)
The A/R management system automates payment collections by generating invoices, sending statements, applying payments verifying balances, and tracking commissions. It can also deliver customer reports that can be fully integrated with the other Acumatica modules.
Accounts Payable (A/P)
The A/P module manages liabilities and payments for goods and services. It allows users to enter prepayment requests, apply prepayments, assign deferred expense schedules, and approve payments. This module also includes value-added tax (VAT) withholding, 1099 reporting, and multicurrency support.
This feature controls your day-to-day transactions. It gives an overview of your cash balances and fund transfers. It can also be used for bank account reconciliations.
This is particularly useful for those conducting business outside the United States. It computes realized and unrealized gains and losses on currency translations automatically when supporting international subsidiaries, vendors, and customers.
Managers of multiple nonprofit entities can track financials and reports across related companies within an organization. Intercompany accounting centralizes cash management, vendor payments, and customer invoicing while maintaining separate records of income and expenses.
Recurring Revenue Management
This feature is useful if your organization or business has regular or scheduled services to clients. It can be used to automate recurring billing, payments, and collections.
Fixed Asset Management
NonProfit+ tracks the valuations of assets, including book and tax depreciation. It can create financial reports that can be used to maximize tax benefits and meet compliance requirements. NonProfit+ also supports IRS Section 179 for reduced first-year depreciable basis and reversals of early asset disposal.
Time & Expense Management
This labor accounting feature tracks the performance of employees, partners, and contractors. It can also be used to pay them and ensure that the client is accurately billed for their services.
Track your available inventory, those in transit, reorder quantities, and inventory costs. It also allows the use of multiple inventory valuation methods, such as standard cost, moving average, specific identification, and first-in, first-out (FIFO). Aside from that, you can track inventories in multiple warehouses.
NonProfit+ automates requisition requests, authorizes employees to select from a catalog, and limits requests to specific items. It also speeds up the bidding process by emailing the request to multiple vendors.
Purchase Orders (POs)
This tool helps you generate POs automatically based on your stock level. You can also create approval rules for certain order types, vendor information, order amount, and other specific information.
Dashboard & Reporting
NonProfit+ includes real-time dashboards and customizable reports available in a wide range of dimensions. You can drill down into your reports by department, product, or any particular unit of your business. You can have your consolidated reports displayed in a monthly, quarterly, or yearly view.
The program generates budget reports, restricted fund reports, donor reports, and encumbrance reports. Aside from specific reports, you can also generate nonprofit financial statements like the Statement of Financial Position (balance sheet), Statement of Activities, Statement of Cash Flows, and Statement of Functional Expenses.
Enhanced Audit Trail
NonProfit+ can create automated audit trails that can be used by your accountants or controllers. It helps in ensuring that a year is closed properly and efficiently, relieving you of the many headaches caused by legal compliance.
Moreover, to ensure the integrity of transactions, the enhanced audit trail system of NonProfit+ doesn’t allow the deletion of records. Additionally, error corrections are performed by correcting or reversing entries with appropriate documentation.
When you purchase NonProfit+, you’ll get a free iOS or Android mobile application that you can customize to your organization’s needs. You can use it to track your finances, enter and approve time and expenses, and communicate with anyone in the organization.
NonProfit+ Nonprofit Features
NonProfit+ has a fund accounting module that lets you track revenues with purpose restrictions against expenditures related to those purposes, helping you ensure that your funds are used according to predefined policies. You can also generate reports on funds to present to your trustees and boards and keep track of major fund groups, such as current funds, loan funds, endowment funds, annuity and life income funds, plant funds, and agency funds.
Restricted Fund Management
Donor-imposed conditions can be permanent or temporary. As such, nonprofits receiving conditional donations must properly account for these funds as permanently or temporarily restricted assets and properly recognize revenues as a result of achieving the conditions set by the donor.
NonProfit+ can help you account properly for conditional donations and ensure that these funds are spent according to the will of the donor. You can also separate restricted gifts from unrestricted donations for accountability and transparency.
NonProfit+ enables you to manage, track, and report on grants, regardless of the grant life. It can help in ensuring proper data entry, budget management, and maintaining fund sources.
The grant management module also lets you enter nonfinancial information, such as grant life, procurement life, and sponsors. With this feature, you can keep track of both the financial and nonfinancial aspects of the grant in one application.
This can help if you need to track items that will become expenditures in the future. You can record pre-expenditures in the general ledger, allowing you to gain additional insight into your financial standing and budget into the future.
The encumbrance accounting module connects directly to the purchases module to account for requisitions in a reserved ledger. Moreover, NonProfit+ also lets you set encumbrance preferences to ensure that all POs are within the limits set by the board members.
This feature helps you track and manage your donors and their gifts. You can run and present reports to your donors, create donor receipts, and prepare acknowledgment letters.
Administrators and managers can provide boards members access to relevant, useful data concerning budgets, restricted funds, and staffing. Users can also use this module to send reports to board members periodically.
This tool keeps a record of your volunteers and gives them limited access to the platform to track time and submit receipts.
NonProfit+’s user interface isn’t as sleek and modern as similar programs, but it’s fairly simple and functional, with well-arranged modules. If you’re familiar with Microsoft programs, then you can find your way around easily. On the downside, it uses accounting terms and contains some advanced features and modules that can be overwhelming for new users.
You’ll need to devote some time to learning and be comfortable with NonProfit+. If you need help along the way, you can contact its support team through email, chat, phone support, and help desk. You can also check out its blogs for useful tips and information.
There are only a handful of NonProfit+ reviews online. Due to the limited number, we decided to give it a user review score of 4 out of 5.
- Capterra: 5 out of 5 stars based on ~10 reviews
- Software Connect: 5 out of 5 stars based on ~5 reviews
Frequently Asked Questions (FAQs)
Who are the typical users of NonProfit+?
Nonprofits and religious organizations use NonProfit+ to track multiple restricted and unrestricted funds as well as grants.
Is NonProfit+ easy to use?
NonProfit+ can be difficult to use for first-time users.
If you’re willing to pay the cost for a robust fund accounting and grant management program, you’ll find NonProfit+ a great option. Its nonprofit accounting package includes donor management and board management for easy delegation and communication. The financial management suite comes with encumbrance accounting, which helps with your budgeting process. On top of that, it has a strong restricted fund management feature that’s superior to what’s found in similar software.