There are a number of great features when choosing QuickBooks Premier or Enterprise-Nonprofit. The most important one is that the setup is geared to a nonprofit’s specific needs. A nonprofit will save time and efficiency when up to 30 users can simultaneously work within QuickBooks. Create a more secure data file designating user permissions for each user and give them the ability to only access the data they need. Nonprofit terminology will make the learning curve easier for those users familiar with the nonprofit industry. QuickBooks Nonprofits Desktop can be further customized where needed to make it uniquely fit each business. Class tracking can be used to further break down the income and expenses within categories like various nonprofit programs. This makes reporting by program easier. Install the Nonprofit version and a number of great nonprofit reports are already set up to use. Financial reports that can be delivered to the top board members or used to complete IRS or other state agency returns.
Nonprofit terminology makes accounting tasks easier to learn
There are many instances of nonprofit terminology that are included in this version such as Donors, Donations, Pledges, Programs and Projects, Grants, IRS 990 form reporting. For example, customers are donors, jobs are grants, invoices are used to track pledges and sales receipts are used for donations. Form templates, statements and reports all use the same nonprofit language for better understanding. Know more about Best QuickBooks Hosting Providers.