The good news is, there is another option: You can customize the set-up of the traditional versions of QuickBooks – including QuickBooks Online – to meet the needs of a nonprofit organization.įor starters, nonprofit organizations can rename QuickBooks labels to reflect their terminology.
However, QuickBooks can be a valuable tool for both types of organizations.Īlthough QuickBooks does offer the Premier Nonprofit edition that incorporates nonprofit-specific language and features, it does cost more than the standard version. Nonprofits focus on generating funding while for-profits focus on sales and increasing the bottom line. Nonprofit organizations have different tax reporting and financial reporting requirements than traditional for-profit businesses and different accounting needs.
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