How to determine if a nonprofit organization needs specialized accounting software
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.