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Wednesday, January 16, 2019

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QuickBooks 2019 Non-profit Edition

As a non-profit, you want the absolute best for your organization — and that includes accounting software. If you’ve started your search for the best accounting software for non-profits, I’m sure you didn’t get far without hearing the name QuickBooks.

But is QuickBooks the right accounting solution for your small business or not-for-profit organization? Which QuickBooks product is best for non-profits? And how do you know if QuickBooks has the non-profit features you need?

Related Article - https://www.accountsportal.co/quickbooks-enterprise-nonprofit-edition-support/

QuickBooks Non-profit Products

First off, QuickBooks doesn’t have a separate product specifically designed for non-profits. However, several of its existing products offer non-profits features.

QuickBooks Premier

QuickBooks Premier (see our review) is full-fledged, locally-installed accounting software designed for small to medium-sized businesses. QuickBooks Premier offers six industry-specific editions, including a non-profit edition.

QuickBooks Enterprise

Like QuickBooks Premier, QuickBooks Enterprise (see our review) is a locally-installed software targeted to large businesses and enterprises. This product also has a non-profit edition.

QuickBooks Online

QuickBooks Online (see our review) is a cloud-based accounting software with tons of features and over 200 integrations. While there aren’t any built-in non-profit features in QuickBooks Online, there are a ton of integrations that can give you the non-profit features you need.

If you’re looking for simple, web-based accounting software for non-profits, QuickBooks Online is an excellent place to start. However, in this post, we’ll focus specifically on the non-profit edition of QuickBooks Premier and QuickBooks Enterprise.

Pricing

One of the biggest differences between QuickBooks Premier and QuickBooks Enterprise is the cost. While both offer the non-profit edition, QuickBooks Enterprise allows for more users, advanced inventory, and lead management. If you’re looking for discounted or free software for non-profits, QuickBooks isn’t your best bet, but you get a lot for your money when you use one of the QuickBooks non-profit editions.

QuickBooks Premier

QuickBooks Premier offers two pricing options. You can either purchase a QuickBooks Premier license for $499.95 or purchase a yearly subscription of QuickBooks Premier Plus for $499.95/yr.
A QuickBooks Premier license is good for three years, after which QuickBooks drops support. Phone support costs extra. The QuickBooks Premier Plus subscription includes phone support, updates, and data backup. Additional users cost extra.
 Related Article - https://www.accountsportal.co/quickbooks-premier-support-number/
 Going with QuickBooks Premier Non-profit Edition instead of the Standard Edition doesn’t cost any extra. For more details, visit QuickBooks Premier’s pricing page.

QuickBooks Enterprise

QuickBooks Enterprise has three pricing plans:
  • Silver (starts at $1,100/yr.)
  • Gold (starts at $1,430/yr.)
  • Platinum (starts at $1,760/yr.)
The price of each plan is determined by your number of users. Subscriptions are renewed annually and include phone support, updates, and data backups. You can calculate how much your QuickBooks Enterprise software would cost on Intuit’s site. Like QuickBooks Premier, QuickBooks Enterprise Non-profit Edition has no additional cost.

Basic Accounting Features

Both QuickBooks Premier and QuickBooks Enterprise have strong accounting features and are incredibly well-developed. Here’s an idea of the features you can expect to find with each software.

QuickBooks Premier Features

QuickBooks didn’t earn its strong reputation for nothing. QuickBooks Premier is one of the most comprehensive accounting programs out there. The software offers strong accounting features, including a customizable chart of accounts, journal entries, bank reconciliation, accounts payable, and over 135 reports.
 QuickBooks Premier also offers invoicing, contact management, expense tracking, project management, inventory, and time tracking.
 Some of our other favourite features include:
  • Tax support
  • Budgeting
  • Sales orders
  • Mileage deductions
  • To-do list and calendar
  • Print checks
  • Letter templates
All of these features do come at a price — the software has a steep learning curve. For accountants and those with accounting experience, QuickBooks Premier’s traditional setup may be easy to understand, but for those with limited accounting knowledge, the software will take some time to learn.
 On the plus side, QuickBooks Premier offer decent customer support and receives extremely high praise (especially when compared to QuickBooks Pro). Read our comprehensive QuickBooks Premier review for all the details on these features and more.

QuickBooks Enterprise Features

Much like QuickBooks Premier, QuickBooks Enterprise has an impressive number of features, but with 6x more storage and advanced inventory capabilities, QuickBooks Enterprise is designed for large businesses and enterprises. QuickBooks Enterprise has the accounting features you’d expect including a chart of accounts, journal entries, bank reconciliation, fixed assets management, and accounts payable.
 Related Article - https://www.accountsportal.co/quickbooks-enterprise-support/
 QuickBooks Enterprise also includes expense tracking, contact management, project management, and time tracking. While the invoicing is slightly more limited, there are several features that you won’t find with QuickBooks Premier like lead management, advanced inventory, a loan manager, a business plan tool, and the option to add Intuit Field Service Management.
 QuickBooks Enterprise also provides:
  • Tax support
  • 140 reports
  • Class tracking
  • Mileage deductions
  • To-do list and calendar
  • Letter templates
  • Print checks
While there is a steep learning curve, QuickBooks Enterprise offers better customer support than QuickBooks Premier, making it ultimately easier to learn. Customer reviews on the software are mixed; you can check out our full QuickBooks Enterprise review for all of the details.
Non-profit Accounting Features
 In addition to the standard features that come with QuickBooks Premier and QuickBooks Enterprise, the non-profit edition for both programs adds:
  • Pledges: You can create and manage pledges. When creating a pledge, you can record the item, description, class, amount, and tax.
  • Donations: You can record donation made by check, e-check, credit card, debit card, or cash.
  • Programs/Products: The Programs/Products tool lets you track specific projects and programs run by your non-profit.
  • Donor Letters: With QuickBooks Non-profit, you can create donor letters using QuickBooks Premier and QuickBooks Enterprise’s existing letter templates.
  • Customized Chart of Accounts: The Non-profit Edition comes with a default chart of accounts specifically designed for non-profits. You can customize this chart of accounts to fit your organization’s needs.
  • Non-profit Reports: One of the best parts about QuickBooks’ Non-profit Edition is that you have access to nine additional non-profit reports (in addition to the existing 135+ reports that come with QuickBooks Premier and Enterprise). You’ll find reports like a Statement of Financial, Position, a Statement of Functional Expenses (990), the Biggest Donors/Grants, the Budget vs. Actual Programs/Projects, and more.
The only downside of the QuickBooks Premier and QuickBooks Enterprise Non-profit Editions is that you can’t change the title of your contacts; so, all of your donors and volunteers will be called ‘customers’ and ’employees’ within the software.
 Learn more about how real non-profit organizations are using QuickBooks Non-profit Edition.
 Is QuickBooks Right for My Non-profit Organization?
 QuickBooks Premier and QuickBooks Enterprise are fully-developed accounting solutions. Each has a bit of a learning curve but offers impressive features and key non-profit features. But how do you know if QuickBooks Non-profit Edition is right for you?
 Ask yourself these questions:
 1. Do I have time to learn how to use QuickBooks Premier or Enterprise?
2. Do the QuickBooks Premier Non-profit and/or QuickBooks Enterprise Non-profit Editions include all of the features I need?
3. Can I afford non-profit accounting software from QuickBooks?
If you answered “yes” to all of these questions, great! QuickBooks may be a good fit for your non-profit organization.
 For more information on the same or to resolve any issue faced with the software, you can call us, that is AccountsPortal.co A reliable QuickBooks Technical Support agency, on our toll-free number +1-800-796-0471. Moreover, online chat option can also be availed by browsing through our website – Accountsportal.co.