Is There a QuickBooks Discount for Nonprofits?
Tracking financials. Managing cash flows. Creating customized reports. All of these functions—and more—are essential to the financial well-being of any organization. And that solid financial foundation can help ensure that a nonprofit can successfully and effectively accomplish its mission day in and day out. Yet, too many nonprofits are still operating with basic Excel spreadsheets that might get the job done but can’t take finance and accounting to the next level. And although there are no free QuickBooks for nonprofits versions, there are many affordable plans, and discounts too, that can make it an excellent, low-cost option!
In this blog, we’re exploring QuickBooks for nonprofits pricing, including how to access nonprofit-specific discounts and how technology services for nonprofits partners can help you get the most out of QuickBooks. But first, let’s briefly explore QuickBooks’ capabilities.
Is QuickBooks Good for a Nonprofit?
Absolutely! QuickBooks is a great software solution for nonprofits that are looking to streamline their finance and accounting functions and get access to customized reporting to make better, data-driven decisions.
What’s more, QuickBooks recognizes that the needs of a nonprofit are different from the needs of a for-profit company. While everyone needs to track financials, QuickBooks has developed plans that have specialized functions for nonprofits, like accepting and tracking donations, assisting with the 990 tax form, staying in contact with board members, and more.
Does QuickBooks Offer Nonprofit Discounts?
Yes, QuickBooks is available to nonprofits at a discounted rate. However, acquiring the QuickBooks nonprofit discount is a bit more complex than simply purchasing it through the QuickBooks website. In fact, that’s where a technology service partner like Computers in Ministry (CIM) can help (but more on that later).
Intuit Inc., the company that owns QuickBooks, does not offer nonprofit-exclusive discounts itself. Instead, it partners with TechSoup, a nonprofit technology marketplace. Through TechSoup, eligible nonprofits and libraries throughout the United States can access various QuickBooks plans at a discounted rate. CIM is able to help non-profit organizations navigate the TechSoup process and get software programs up and running.
Eligibility requirements include:
- Quantity: Organizations may request one product each fiscal year. However, subscriptions are limited to one request over the organization’s lifetime.
- Budget: Organizations must have an annual operating budget of less than $10 million.
- Nonprofit Type: Organizations must be a registered 501(c)(3) or a public library with a 501(c)(3) status or a listing in the Institute of Museum and Library Services (IMLS) database.
Complete, detailed eligibility requirements are available on TechSoup’s website.
It is also important to note that Intuit does sometimes offer deals on its website for new users, which can be especially helpful for organizations that may not meet the requirements to use TechSoup’s marketplace. For example, nonprofits purchasing QuickBooks for the first time may be able to save up to 50% off for a set number of months.
How Much Does QuickBooks Cost for a Nonprofit?
Wondering how much you can expect to spend on QuickBooks for your organization? Generally speaking, QuickBooks costs between $80 and $125 per month, depending upon the plan, when purchased directly from Intuit. However, by purchasing through TechSoup, organizations can expect to spend between $75 and $168 per year—which is a pretty significant amount of savings!
Let’s break down the differences in those numbers based on the plan and the features it provides. Below is information for two popular QuickBooks Online plans. There are also QuickBooks Desktop plans that larger nonprofits may be interested in, including QuickBooks Enterprise and QuickBooks Premier.
Plus
QuickBooks Plus is a cloud-based solution that offers a wide variety of features, including tracking income and expenses, invoicing, reporting, cash flow management, bill tracking, time tracking, and more. This plan is limited to 5 users. It costs $80 per month through Intuit, although TechSoup offers it for as low as $75 per year.
Advanced
QuickBooks Advanced is a cloud-based solution that offers many of the basic features that Plus provides. It also provides additional capabilities for business analytics, employee expense management, batch invoicing, app integrations, automation abilities, and role customization. Advanced also allows for use by up to 25 users. It costs $90 per month through Intuit and $160 per year through TechSoup.
How Do I Get Started with QuickBooks Nonprofit in 2022? With CIM
Deciding which plan to get can feel overwhelming. After all, you want to ensure that you get the best plan for your organization’s specific needs and functions. And we haven’t even mentioned getting the program set up and running, inputting data, and more. It’s a lot, and we understand that. Fortunately, you don’t have to figure it out on your own.
In fact, that’s a big part of the reason we started CIM. As a technology services partner, we act as an extension of your team, helping you to achieve your goals with customizable tech solutions. We’ll work closely to understand the needs and goals of your organization. Then, we’ll work closely with you to select the right QuickBooks plan, find the best pricing available through TechSoup or Intuit, and get it set up and working. If you’re looking for a technology services partner who truly cares about your organization, look no further. Ready to learn more? Check out our services and reach out to us to chat. We can’t wait to get to know you!