A lot of nonprofits start out using off-the-shelf commercial software for their accounting needs. It’s fast, affordable, and easy to set up – but as your nonprofit grows and gains multiple funding sources that generic software isn’t able to meet your special tracking and reporting needs.
Many of our current customers moved over from financial software like QuickBooks when they discovered that while it suited their needs originally, it’s functionality was inefficient for dealing with the complexities of multiple donations and grant sources. In fact, due to the large number of inquiries for a comparison, our own Senior Product Manager, Dan Murphy, took a more in-depth look at QuickBooks in our webinar, “Why Now is the Time to Make the Move from QuickBooks”
If you’re struggling with QuickBooks or see that scenario looming on the horizon, watch the webinar and gain insight into how you can save time and reduce heartburn with sophisticated reporting tools. Moving accounting software and all your financials is a daunting task and you should do your homework before taking the plunge. We have a number of assets that can help you determine if QuickBooks or other off-the-shelf commercial software is working for you or do you need to move to true fund accounting?
Our whitepaper, “Five Signs Your Organization Has Outgrown Its Small Business Accounting Solution,” can help you see all of the signs you’ve outgrown your accounting software. It helps you evaluate your current accounting software, and puts forth questions you should ask yourself like:
- Is it difficult (or impossible) to audit?
- Can it really handle multiple data elements?
- Does it offer the reporting or business intelligence board members expect?
- Can it perform nonprofit-specific accounting tasks?
- Is IT support for the accounting system non-existent? Am I left wanting more?
We’re already getting toward the end of the year! Don’t struggle in the new year with software that isn’t truly designed for the needs of nonprofits. Do your homework in places like the Abila Resource Library, create a checklist of your needs and how different software compares, and make the right choice for your organization.