![]() ![]() QuickBooks is an accounting software program designed for small and medium-sized businesses. All plans are fully customizable and can be upgraded as your nonprofit grows.ĭo you need QuickBooks for your charity? Does it offer any advantages over traditional accounting? Read on to find out! How Does QuickBooks Work? Consider switching to the QuickBooks Nonprofit Edition to track grants and donations, manage expenses, and generate reports.ĭepending on your accounting needs, you may opt for QuickBooks Online, QuickBooks Enterprise Nonprofit Edition, or QuickBooks Premier.Įach option comes with its perks and has distinctive features. One way to avoid these problems and keep your books in order year-round is to use accounting software. Errors of omission appear to be the most common. Public charities, for example, report significantly higher error rates compared to publicly traded corporations and similar-sized corporations. Common accounting errors, such as incorrectly classifying employees and misreporting unrelated business income, can lead to hefty fines. You not only need to secure funding and raise awareness for your cause but also maintain accurate financial records. Running a nonprofit organization comes with its share of challenges. ![]()
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