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How to determine if a nonprofit organization needs specialized accounting software


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When a nonprofit organization chooses accounting software, the conventional wisdom is that only software packages designed specifically for the nonprofit market could adequately meet the specialized needs of tax-exempt organizations.

Today’s technologies offer nonprofits a much wider array of choices than previously available. Most middle-market and high-end accounting products, for example, are generally further ahead of the nonprofit products in providing e-business capabilities. Yet some specific accounting issues faced by nonprofit organizations are best addressed by nonprofit specific financial software.

Before selecting a new accounting system, organizations must carefully evaluate their short- and long-term needs, and then evaluate how well the software options meet those needs.


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