7 Best Accounting Software For Nonprofits In India (2024)

Reviewed by: Jayprakash Prajapati | Last updated on August, 24, 2024

Best Accounting Software For Nonprofits In India. Want to jump straight to the answer? The Best Small Business Accounting Software for most people is Zoho Books and Wave.

This is what all looking for good software range do. But before that, we must see the recommendation of any software. While you are starting a small business.

But can’t you justify an accountant? What do you do? Because you find the best small business accounting software according to your budget and to meet your needs.

Perhaps you are starting this search, it will not take you much time but here you will not take long to find it because the Small Business Accounting Software scenario is a full one.

It can be difficult to know where to start, but which solutions offer the features you need, so there are better goals for your enterprise or startup size. Therefore, I am putting together a list of the best Small Business Accounting Software.

Let’s browse the list below, and find a solution that will help grow your business. And the right accounting tools save your business time and money as well.

What is the Best Accounting Software For Nonprofits In India?

Here are my picks for the Best Accounting Software For Nonprofits In India.

1. Zoho Books – Value solution for large lists of customers and vendors

This Zoho Books end-to-end Business Accounting Software is a great solution. It means straight away. That it gives you access to everything from daily lending and rest and everything from transaction to transaction and invoicing.

This small business software also ensures tax compliance. Joe Joho Books makes it easy for you to understand your tax liability and prepare for an audit according to IRS guidelines.

Receivables:

Can handle the money that comes with Joho Books. You can send estimates, and convert them to GST invoices, even if you can pay online on time.

• Pay easily with a payment reminder.
• Retail invoices can be created in seconds.
• Give your customers online payment options and can pay faster.

Payables:

Stay on top of your payments and know where your money is going. From vendor bills to expenses, Zoho Books makes it easy to manage payables.

• Can upload expense receipts.
• Create and send a purchase order.
• You can track the payments made by you.

Inventory:

Capture the goods and services you offer, and quickly add them to your transactions.

• If the stock gets low, you can set it again and refill the stock.
• Keep an eye on inventory levels at all times.
• SKU can organize your inventory with important information like cost and stock.

Banking:

You can set up your bank account. And can automatically import their transactions into their Small Business Accounting Software.

• You can set the rules to classify your banking transactions for easy reconciliation.
• Can skip data entry with automatic bank feeds.
• Partner banks can pay and collect directly with integration.

Timesheet:

Keep in mind the time spent on projects and you can easily invite your customers for their work.

• Can create invoices directly from projects.
• Can easily manage multiple projects.
• Can track without hours and expenses.

Contacts:

For easy communication, you can get all your contacts in one place.

• Allow your vendors to manage their transactions themselves through the vendor portal.
• Clients can collaborate with their customers through the portal.
• Automatically store payment information of customers automatically for recurring transactions.

Reports:

This Zoho book supports over 50+ business reports to help you gain better insight into the health of your business. From profit and loss statements and inventory summary reports to GST reports, Zoho Books provides all the reports needed to run your business smoothly.

• Get a business overview with your custom dashboard.
• Schedule reports and email them yourself or share them with your team.
• Customize the report and further filter the data for better insights.
• Pricing: From $ 13.79 organization/month. Free trial for 14 days.
• Check out this Zoho Alternative!

2. Wave – Free Small Business Accounting Software for Entrepreneurs

This is a free Accounting Software solution for wave entrepreneurs. But this is true. Some features are provided for free in their software.

What feature does Wave provide for free?

As below you will be able to see some feature which is being provided for free.

• Automatic receipt recording
• Invoice in any currency
• Unlimited guest partners
• Once approved, send estimates and convert them to invoices
• Receipt scanning
• Income and expense tracking
• Bank and credit card connection

Wave Overview

You do not need to do this wave of Small Business Accounting Software. If you want to manage some data. It allows you to use their mobile app. You can see the receipt even when offline. If you connect. Then allows you to upload. Not only this, usability, features and mobile apps still rival some of the best-paid accounting solutions on the market today. Which is the fact that you can use Wave for free.

When everything is done neatly, tax time is simple. Wave’s smart dashboard organizes your income, expenses, payments, and invoices. Bank data connections are read-only and use 256-bit encryption. Servants are kept under physical and electronic security. Wave is certified to deal with PCI Level-1 credit card and bank account information.

Wave uses real, double-entry Small Business Accounting Software. Don’t know what Okay. Accountants do, and they will thank you for it. You can manage multiple businesses with a wave account, which is perfect for any entrepreneur. Personalize your invoice with customization and professional templates

Pricing Plan: Free

3. FreshBooks – Invoicing software for Entrepreneurs, Agencies, & SMBs

It is considered the best Small Business Accounting Software for FreshBooks entrepreneurs and agencies. Which is operability for small businessmen. If you want Let’s grow your company development. So FreshBooks is a good choice.

Freshbook stands out as the best SMB Accounting Software for invoicing. But it proves to be the best tool for managing expenses, during trekking time, tracking payments, and managing the project. It’s easy to run, like your customers with a professional-looking invoice that takes just seconds to create. Which is the best part, you can pay fast.

Key Features:

It can organize expenses spontaneously, it can bid farewell to that shoebox of receivables. This makes it easy to log in and track expenses in the Freshbook to track every dollar spent so that you are always ready for tax time. This can make time tracking workable. When you track while using FreshBooks, you always invoice for what you deserve. And you and your team can log your hours. And then automatically place them on the invoice.

You can seamlessly collaborate on projects. With it, you can keep all your conversations, files, and feedback in one place. Sync your team, and keep your projects on schedule. Allows easy-to-use double-entry accounting. It can use automated checks and balances to ensure accuracy and compliance, while financial information helps you make smart business decisions and makes working with your accountant even easier.

It works well with the Freshbook mobile app. With the Freshbook mobile app, you will easily connect with your customers and be able to take care of your account anywhere. It is very easy to buy. Which paid fast when you accept online credit cards in Freshbook, you can pay fast for 11 days. Can say hello to an automated deposit and goodbye to chasing clients for checks.

Pricing Plan: From $7.50 per user/month.

4. Sage 50cloud – Desktop Solution For Medium-Sized Businesses

This Sage brand is providing enterprise-grade accounting solutions to companies around the world. Which has been going on for the last four decades. This Sage 50cloud makes it an ideal solution for small and medium-sized businesses.

This Sage 50cloud features customizable functionality, inventory management, report generation, and integrated payroll. This software is considered very strong and sophisticated, which is very good for those small businesses. It is remote access desktop software from anywhere in the world.

Key Features:

Track Cash Flow: It is the best to run your business more efficiently with time-saving to manage your accounting, invoicing, cash flow, inventory, taxes, and more.

• These Sage 50cloud accounts with secure online access, which adds the power and productivity of a reliable desktop solution.
• Simple invoices: Create and send personalized invoices and quotes and give a professional boost to your business documents.
• Control Stock and Inventory: It creates multi-products, and is comfortable with controlling its assets with stock valuations and audits.

Manage VAT: It can calculate VAT quickly and easily, paying only what you owe. And automatically files online returns securely with HMRC. And take comfort in knowing that you are up to date with the latest VAT law.

Automated processes: You can accept payments received by customers online, over the phone, or in person. It can effectively manage the payments coming into your business regardless of the payment method. Provide multiple payment options to customers; Sage Salary also accepts all major payment types. It completely dovetails Sage Salary with sage 50cloud accounting software, giving you the ability to manage finances from a standpoint.

Pricing Plan: From $192 per user/year. Free trial for 60 days.

5. Xero – Data Imports and Gusto Payroll Integration

This is a good platform for a small business. Zero becomes a major task in simplifying the accounting process for such people.

It supports all the features you’d expect in an SMB accounting solution such as expense, sales, inventory, and payroll. And you have easy-to-manage purchase orders, quotes, and invoices for your customers and suppliers too. This can improve efficiency by setting bills repeatedly as long as you need to. And you can recycle your previous bills from any supplier. Then you can review, add details, or amend as needed.

Key Features:

It can preserve its profit margin at the expense of the customer. On receipt of the bill, the concerned customer can specify any cost recovered. It can view outstanding payments with personal bills, credit notes, and old payment detail reports. Can see more. How long have the bills been unpaid? For an up-to-date view, you can report after registering purchases and consolidate your bank transactions.

• Keep it above the bill. Either, stay on top of your business cash flow and easily see all bills for payment.
• See unpaid bills, expenses, and purchase orders. And see the bill in the draft, waiting for approval, or ready to pay.
• Avoid late fees and build good relationships with suppliers.
• Payment Schedule: By scheduling upcoming payments and batch pay suppliers can save time on admin.
• Suppliers can pay multiple bills in one simple transaction.

You can submit bills in one place like Email bills and other documents in your files inbox in zero for paperless record-keeping. Organize and file bills in folders: You can access your bills anytime, from anywhere. As you are entering data, open the bill on the screen and display it. Learn more about Zero Integration of Xerp.

Pricing Plan: From $20 per user/month.

6. JazzHR.

JazzHR ATS Business Accounting Software is one of the most popular of all tools. I recommend this tool. Regardless of the size, industry, or needs of your business, this tool is the best software.

Is since 2009, JazzHR has raised the bar to be admitted to the software industry, and many innovations have become industry-standard. Joe is the first company to put powerful, yet easy-to-use software into the hands of startups, growing companies, and even presidential campaigns.

Key Features:

Unlimited Jobs and Users: It says goodbye to paying per user and limited channels. This JazzHR provides unlimited users and employment at no additional charge or cost.

Get up and run fast: It can be challenging to find the right talent. but this platform is ready to be used at sign-up. And lets you focus on the human side of recruitment.

Highly customizable: This is our software built on this principle. That every team process is unique. JazzHR empowers you to create a customized solution to suit your specific hiring needs.

Integration: This Jazzhor easily integrates with all of your favorite HR tools. By importing your new hire information into full profit management, we have you covered

Partners: Bring the power of our recruitment solutions to your customers.

Grow your customer base and business, earning through the JazzHR Partner Program.

Pricing Plan: From $39 per user/month.

7. Sage Accounting Software.

The Sage Business Cloud is popular Business accounting software, formerly known as Sage One, but it has become a global brand. Which provides online accounting and business services. and was founded in “1981” in Newcastle, England as a way to develop assessment and accounting software specifically for small businesses.

The great thing about this software is, it takes control of your small business bookkeeping system with time-saving automation, invoicing, and remote access. Cash flow can also be improved, and payments can be received faster. Can do more work. This is no headache software.

Key Features:

This Sage Business is cloud-based and allows you to choose your industry, company size, and requirements. Not only that, it will match you with exclusive accounting solutions and is used by over six million small and large businesses.

This SEZ Business Cloud Accounting is a reputed company. who this accounting
The software provides, and for which it does not require any accounting knowledge, that is, simply put, it is easily installed for use by many users. And may also use your accountant software. and allows you access to your books at no extra charge.

If you go with Sage Business Cloud Accounting, then Sage Accounting can start from 10$ per month. Don’t worry if you are not happy with the software. It is free to cancel at any time.

Pricing Plan: From $10 per user/month.

Conclusion.

Choosing the best accounting software for nonprofits in India is crucial for ensuring efficient financial management, transparency, and compliance.

As nonprofit organizations navigate the complexities of fund accounting and donor reporting, having a robust and user-friendly software solution can make a significant difference in their ability to achieve their mission and maintain stakeholder trust.

When selecting the best accounting software for nonprofits in India, key considerations should include cost-effectiveness, accessibility, audit trail maintenance, forecasting and planning capabilities, time-saving automation, and financial control.

By prioritizing these features, nonprofit organizations can streamline their accounting processes, reduce the risk of errors, and focus on their core objectives.

Several software solutions stand out in the Indian market, such as Aplos, Sage Intacct, and QuickBooks Enterprise Nonprofit. These platforms offer specialized features for nonprofits, including fund accounting, grant tracking, donor management, and comprehensive financial reporting.

The availability of cloud-based solutions also ensures that nonprofit staff can access critical financial data from anywhere, fostering better collaboration and decision-making.

Moreover, the best accounting software for nonprofits in India should provide an intuitive user interface, making it accessible even for those with limited technical expertise.

Automated tasks, such as data entry, reconciliation, and report generation, can significantly improve efficiency and reduce the likelihood of human errors.

Maintaining an audit trail is another essential feature, as it ensures accountability, prevents fraud, and facilitates external audits.

By having a complete record of financial transactions and changes, nonprofits can demonstrate their commitment to transparency and build trust with donors, government agencies, and the public.

As nonprofit organizations continue to play a vital role in addressing societal challenges in India, having the right accounting software can be a game-changer.

By streamlining financial processes, enhancing transparency, and enabling better decision-making, the best accounting software empowers nonprofits to maximize their impact and drive sustainable change in their communities.

In summary, the best accounting software for nonprofits in India should be cost-effective, accessible, secure, and tailored to the specific needs of the nonprofit sector.

By investing in a robust and user-friendly solution, nonprofit organizations can strengthen their financial management practices, demonstrate accountability, and ultimately achieve their goals more effectively.