JULY 2017 ■ www.CPAPracticeAdvisor.com 13
NONPROFIT ACCOUNTING SOFTWARE: REVIEW
www.Xero.com
Xero is a great fit for very small non-
profits that are looking to track limited
funds or grants. While the application
can be customized to suit the needs of
a nonprofit, its strength lies in small
business accounting functionality.
Xero offers complete online acces-
sibility, with the product available in
three versions; Starter, Standard, and
Premium, with each edition offer-
ing increased product functionality.
The chart of accounts is provided by
default when a user signs up for Xero,
with limited customization capability
provided, though users can import a
chart of accounts from another applica-
tion if desired. Users can create separate
codes for each fund or grant they want
to track in Xero, though the tracking
capability is limited, and can become a
burden for organizations that need to
track multiple funds or grants.
Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
12349810
Xero for Nonprofit Accounting
4.25
2017
OVERALL
RATING
INCREDIBLE
VALUE!
Over 2 days, earn up to
Including 7.5 CLE, 8 EA and 9 CFP
*members
CPE Hours
for Only $325*
Tuesday-Wednesday
August 29-30, 2017
Donald E. Stephens Convention Center
Rosemont, IL
Register today at
www.icpas.org/show
CLOUD
ACCESSIBILITY
CUSTOMIZABLE
CHART
OF
ACCOUNTS
MULTIPLE
ACCOUNT
SEGMENTS
MULTIPLE
TRANSACTION
TYPES
BUDGETING
DONATION
TRACKING
DONOR
MANAGEMENT/
FUNDRAISING
ALLOCATIONS
MANAGEMENT
REPORTING
INTEGRATION
WITH
VENDOR
MODULES
INTEGRATION
WITH
THIRD-PARTY
APPLICATIONS
HELP
&
SUPPORT
OPTIONS
MULTI-LEVEL
SECURITY
AUTOMATED
DUE
TO-DUE
FROM
CAPABILITY
GRANT
MANAGEMENT
ABILA MIP FUND ACCOUNTING x x x x x x x x x x x x x x x
ACCUFUND x x x x x x x x x x x x x x x
APLOS ACCOUNTING x x x x x x x x x x x x x
ARAIZE FASTFUND x x x x x x x x x x x x x x
FINANCIAL EDGE NXT x x x x x *x *x x x x x x x x x
FUND E-Z x x x x x *x *x x x x x x x x
DENALI FUND NONPROFIT ACCOUNTING x x x x x *x *x x x x x x x x
GMS x x x x x x x x x x
QUICKBOOKS ONLINE x x x x x x x x x x
SERENIC NAVIGATOR x x x x x *x x x x x x x x
TANGICLOUD x x x x x x x x x x x x x x x
XERO x x x x x x x x x
*Separate Program