Why non-profit organizations should upgrade to Quickbooks

​Non-profit organizations form one of the major drivers of social welfare in many communities. There is always a need for efficient use of funds. 

Hence, it is common for non-profit organizations to use ingenious means of streamlining their operations to run on less cash but higher efficiency. One way non-profits achieve this efficiency is by using automation and technology. Non-profit organizations keep the accounts of their operations. The cost of hiring an accountant or using paper accounting solutions can cost more than expected. This makes QuickBooks accounting software a viable tool for non-profit organizations that will like to save cash on their accounting procedures.

Why should non-profit organizations upgrade to QuickBooks?

Tailor-made solutions

,​Non-profit accounting differs from regular accounting. The terminologies differ, so do some of the accounting procedures. Of course, non-profit organizations may use QuickBooks Desktop Non-profit to meet their unique accounting needs. Since the software is built with non-profit terminologies in mind, the account manager will find QuickBooks tools very easy to use for running the organization. This package also allows non-profits to customize their software to fit the exact needs or programs of the organization. Once your organization has QuickBooks Desktop Non-profit installed, you already have a ready-to-use reports on the software. You may also customize the reports to fit your organization's preferences.

Automation to save time

There are repeated entries to make as donations come in and funds are disbursed for projects. Rather than spending so much time undertaking these tasks manually, you can opt for automation. For instance, you can connect QuickBooks to your organization's bank account so deposits made by donors can be instantly captured on QuickBooks. Automation saves time. You can use the time saved to attend to other pressing needs of your organization.

Track funds

QuickBooks works with fund tracking CRMs too. For instance, if your non-profit organization solicit funds via PayPal, card donations, or bank transfer, QuickBooks can help keep you informed about who sends donations to your organizations. Tracking begins from the moment funds are received and continues until funds are utilized for projects and accounted for in your reports. QuickBooks works with popular fundraising platforms to help your non-profit organization get donations and allocate them to specific programs conveniently.

Manage donors and volunteers 

​QuickBooks works with CRMs that focus on non-profits. You can simply integrate directories of your donors and volunteers with QuickBooks. Some worksheets specific to non-profits are also supported. Having your donor's and volunteers' contacts handy makes it easy to build a strong relationship with them. You can easily inform them of upcoming programs and get them excited about your next big event.

With customized worksheets, you can help your volunteers design and allocate tasks such that your work on specific projects will be more organized and impactful. When everyone on board knows what to do and when to act, your programs have a higher degree of success.

Collaborative Work

Since QuickBooks offer cloud hosting services, you can enjoy all the benefits that come with cloud hosting. One of these benefits is a remote data access. As your non-profit work engages your team both on-field and in-office simultaneously, there may be a need to share account reports with some key members of your team. When the members of your team are far away and you need to give them vital reports for a current project, QuickBooks comes handy. Cloud hosting makes it possible for key members to access your organization's accounts securely. When timely information can be accessed and shared amongst teams, the ability to solve organizational problems improves tremendously.

Get along with the times

​As organizations around the globe are using new technologies and solutions to improve their services, you don't want yours to lag. Making use of modern and effective solutions gives your organization an image that would inspire confidence in what your organization stands for. The value of loyalty to a non-profit organization cannot be over-emphasized. Using QuickBooks effectively places your non-profit organization on a higher platform so you can attract all the advantages that come with taking a huge step forward.

Conclusion

There is so much to gain for non-profit organizations that decide to use QuickBooks. If you want to start using QuickBooks to boost your organization's performance, we are here to help you. Simply reach out to us today.