NonProfit+ Review: Features, Pricing & Alternatives 2023

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.

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.

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.

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.

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.

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.

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.

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.

NonProfit+ Dashboard (Source: NonProfit+)

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.

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.

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.

Restricted Fund Management (Source: NonProfit+)

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.

Grant Management Module (Source: NonProfit+)

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.

Encumbrance Accounting Module (Source: NonProfit+)

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.