Today's Technology for Tomorrow's Firm.
Issue link: https://cpapracticeadvisor.epubxp.com/i/643338
February 2016 • www.CPAPracticeAdvisor.com 23 NONPROFIT ACCOUNTING SOFTWARE Reviews BEST FIT FUND E-Z is nonproft accounting software well suited to small to mid-sized nonproft organizations. FUND E-Z is available in two edi- tions, making it simple to scale up to a more robust version if necessary. PRODUCT STRENGTHS • Customizable user interface • Available in two editions; Basic and Pro • Strong budgeting capabilities • O p t i o n a l c u s t o m c h a r t o f a c c o u n t s t o f u r t h e r d e f i n e accounts • Product works across fscal years POTENTIAL LIMITATIONS • System does not ofer a dedicated grants management module at this time • E-features are limited SUMMARY & PRICING F U N D E - Z f r o m F U N D E - Z Development Corporation is an industry-tested nonproft accounting product that ofers small to mid-sized nonprofit organizations with the tools they need at an afordable price. Pricing for a single user starts at $1,995.00 for the basic edition, which is suitable for most nonprofts. Te add-on fundraising module is available for $995. www.FundEZ.com BEST FIT With the availability of two versions, OneNFP Financials is well-suited for most small to mid-sized nonproft organizations. The availability of OneNFP Fundraising – which can be utilized as a stand-alone fund- raising module, makes this product an excellent ft for small to mid-sized nonprofits that require a tool for managing both grants funding as well as donor management. PRODUCT STRENGTHS • Scalable – available in three ver- sions • Strong grant management capa- bility • E x c e l l e n t i n t e g r a t i o n w i t h Microsof products • Of fers an solid optiona l f und- raising module POTENTIAL LIMITATIONS • May be costly for organizations with multiple users • Signifcant system training may be required for some organiza- tions SUMMARY & PRICING A good fit for small to mid-sized nonprofits that need to manage multiple grants or other funds, OneNFP Financials Lite is available for $99.00 per month for a single user. Te Standard version begins at $149.00, and the Premium version is available for $349.00 per month. Additional users are $49.00 each per month, and limited users are$10.00 per user per month. OneNFP Fund- raising currently runs $45.00 per month. For nonprofits managing multiple funds or grants that need remote access, this spin-of of Serenic Sofware may be a good ft. www.OneNFP.com BEST FIT QuickBooks Online is well suited for smaller nonprofts with basic bud- geting and donor tracking needs. QuickBooks Online is Intuit's l atest ver s i o n av a i l ab l e i n t h e QuickBooks franchise. Available in four versions, from Self-Employed to Plus for up to 25 users, QuickBooks Online offers quick online system access using an number of devices including smart phones and tablets, as well as standard desktop and laptop computers. PRODUCT STRENGTHS • Afordable for all nonprofts • Easy setup and quick start up • Strong audit trail functionality • C a n be ac c e s s e d f rom s m a r t phones, tablets, and desktops/ laptops POTENTIAL LIMITATIONS • Limited budget capability • No fund accounting capability SUMMARY & PRICING QuickBooks Online Nonproft Ver- sion can be a good option for the small nonproft that does not require extensive budgeting and donor management capability. Available in 4 versions, users can choose the level of functionality they need. A Self-Employed (1-user) version is available for $7.99 a month. Simple Start is $10.36 per month, Essentials $ 1 8 . 8 3 p e r m o n t h , a n d P l u s $23.87per month for up to 5 users. Those with more than 5 uses can contact Intuit to add more – with a maximum of 25. www.QuickBooks.com FUND E-Z Nonproft Accounting OneNFP Financials & OneNFP Fundraising QuickBooks Online Nonproft Version Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12162257 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12162292 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12162298 4.75 4.75 4.25 2016 OVERALL RATING 2016 OVERALL RATING 2016 OVERALL RATING BEST FIT Serenic Navigator from Serenic Sofware is a nonproft accounting product best suited for mid-sized to large nonproft organizations, NGO's and government entities. PRODUCT STRENGTHS • Excellent budgeting capability • Integrates with Microsof Ofce 365 • Product is available for on premise and online/cloud deployment • Ofers optional grant and donor management modules POTENTIAL LIMITATIONS • S i g n i f i c a n t t r a i n i n g m a y b e needed • Cost can be prohibitive to non- profts with a tight budget SUMMARY & PRICING Well suited for larger nonprofts that require extensive budgeting capa- bility, base pricing for Serenic Navi- gator star ts at $16,000, w hich includes licensing for three users. Subscription pricing is $1,200 per month for three users. www.Serenic.com Serenic Navigator Nonproft Accounting Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12162300 5 2016 OVERALL RATING