Nonprofit accounting software costs typically depends on whether you choose an on-premises solution or a cloud-based model, as well as the number of users and modules required.
- Subscription Pricing: Modern cloud solutions have pricing that varies based on the complexity of your needs and the number of active users.
- Migration and Implementation: Switching from a commercial tool usually involves a one-time migration fee, but implementation teams partner with your organization to ensure every feature of your nonprofit accounting system is set-up properly.
When switching to nonprofit accounting software, it’s crucial to consider return on investment. While specialized systems are more expensive than off-the-shelf for-profit counterparts, your organization realizes higher ROI from reducing manual workarounds to make these for-profit systems work. Plus, nonprofit systems cut reporting time from days to minutes and help your organization avoiding the massive costs associated with audit failures or lost grant funding.
See the difference nonprofit accounting software can make for your organization.