Is there a nonprofit version of QuickBooks?
Is there a nonprofit version of QuickBooks?
QuickBooks Premier Nonprofit is a desktop version of QuickBooks that can fit the needs of small to midsize nonprofits and churches. It comes with a unified chart of accounts for nonprofit accounting and class tracking to help nonprofits keep track of revenue and expenses by program service.
What version of QuickBooks is best for a nonprofit?
The version of QuickBooks that is best for nonprofits is based on the size and needs of the organizations. QuickBooks Premier is suitable for small- to mid-sized nonprofits, while QuickBooks Enterprise supports up to 40 users and is a better choice for larger organizations.
What is the difference between QuickBooks and QuickBooks nonprofit?
QuickBooks® Non-profit reports include all the great reports that you get in the regular QuickBooks® Pro and then include a number of reports designed specifically for Non-profits. These reports are not available in QuickBooks® Pro, Simple Start, and QuickBooks® Online Essential.
How do I change QuickBooks to nonprofit?
Change your company type to nonprofit
- Select Settings ⚙️, then Account and settings.
- Select Advanced.
- In Company type, select Edit ✏️.
- Select the Tax form ▼ dropdown, then choose Nonprofit organization (Form 990).
- Select Save, then Done.
- Sign out and sign back in to see the changes reflected throughout QuickBooks.
Can QuickBooks Online be used for nonprofits?
Nonprofits can use the cloud accounting version of Quickbooks, Quickbooks Online, or the standalone Quickbooks software. Quickbooks provides simple, step-by-step instructions for customizing the program to suit nonprofit organizations.
Does QuickBooks support Form 990?
Additionally, filing Form 990 is currently unsupported in QuickBooks Desktop.
Can I use QuickBooks Pro for nonprofit?
QuickBooks Pro is the first option for the desktop-based versions of QuickBooks for nonprofits. With QuickBooks Pro, you’ll be able to manage your nonprofit finances and accounting needs, choosing from one of two options.
Is QuickBooks good for small nonprofits?
Yes! QuickBooks offers discounted products for nonprofits through TechSoup, a nonprofit tech marketplace. We recommend that churches and other houses of worship use QuickBooks Online Plus or QuickBooks Advanced so they can get all the tools, tracking, and reporting features we offer.
Do nonprofits have to use accrual accounting?
The accrual method of accounting should be used by organizations starting out with larger amounts of funding, paid staff, and plans to raise additional funds from larger donors such as foundations or government entities. Generally accepted accounting principles also require the use of the accrual method of accounting.
Can you use QuickBooks Online for nonprofits?
QuickBooks Online is a Great Solution for Nonprofits QuickBooks is a great tool for nonprofit accounting, but every nonprofit is different. Try QuickBooks Online and see if it’s the right fit.