How Nonprofits Use QuickBooks Online
How Nonprofits Use QuickBooks Online
Every nonprofit and charitable organization is managing its accounting in one way or another. It’s important to be able to do these tasks efficiently and store records reliably. One reason QuickBooks seems to be a good fit for nonprofits is that Intuit has taken the time to ensure that it is not a square peg in a round hole by fitting into the nonprofit sector quite well.
One of the most inefficient uses of technology is to force a fit with the job you are trying to do. That’s why CRM systems focused on sales are not a good fit for nonprofits. On the surface, they look like a good fit, but there are a lot of issues because the tool is not purpose-built for the sector. That’s why QuickBooks for Nonprofits is great.
Nonprofit accounting. As a nonprofit, you might be tracking the expenses of various programs and funds. QuickBooks understands this and has a function that automates this type of accounting. It makes it easy to separate those accounts and expenses. This keeps the team on the right track and budget.
Tracking donations and grants. Donations are a big part of a nonprofit’s work. Whether it is fundraising or allocating donor dollars, QuickBooks has a function that enables the organization to do it easily. The program also works nicely with popular fundraising platforms to automatically sync those donations.
Reporting. There are a lot of groups nonprofits report to boards, staff, funders, and the general public. There’s always a unique audience to report the organization’s impact; using QuickBooks, staff can pull reports for finances very easily, saving time and effort. Much like Keela, QuickBooks helps you get back to impact.
Integrated tools. Another great feature of QuickBooks for nonprofits is that it plays nice with other tools. Accounting software can be robust, but it can only do certain parts of the job. A nonprofit needs to do much more than just accept donations and account for them.
One of the biggest jobs a nonprofit does is to build strong, lasting relationships by making emails, phone calls, events and using other stewardship tools to accomplish this. The important part is to keep track of these interactions to truly strengthen relationships for years. That is why having a CRM is imperative for nonprofits.
For functionality like this, QuickBooks relies on other nonprofit software, and information is passed between the programs seamlessly. That way, when someone donates, it is tracked on a CRM focused on nonprofits and accounted for properly on QuickBooks. This is an ideal solution!
QuickBooks Online is cloud-based. More and more, nonprofits are becoming decentralized. This means that there is a lot of work done outside of the office with remote workers, as well as volunteers and contractors. Whatever the case is, nonprofits are relying on cloud-based technology such as Cloud-Based QuickBooks Hosting to have their workforce access information from wherever they are.
