Nonprofit organizations face financial requirements that go beyond basic bookkeeping. Finance teams may need to manage restricted and unrestricted funds, federal and private grants, corporate sponsorships, program budgets, encumbrances, financial reports, audits, and internal controls.  

As an organization grows, managing these requirements through spreadsheets or a general-purpose accounting system can become increasingly difficult.  

The accounting software a nonprofit chooses should help its finance team understand not only how much money the organization has, but also where that money came from, how it can be used, where it has been spent, and how to report that information accurately.