Reconcile donor and financial data in one system

A nonprofit CRM allows you to store and manage all the data you collect on your donors, volunteers, board members, and event attendees in a single database—including their giving history. It ensures accurate giving records so your constituents are appropriately engaged, thanked, and receipted. 

By integrating a nonprofit accounting integration like QuickBooks or Sage Intacct Fundraising, you can track financial data such as posted vs. unposted transactions, including pledges, grants, and donor-advised funds. With a full view of your organization’s efforts, you can see where different tasks intersect to avoid double work.

Using these sophisticated tools for linking, coding, and filtering your data also helps you better understand and strengthen your relationships. For example, you can track your donors’ involvement in particular programs or initiatives to visualize impact in each area.

The main difference is donor management capabilities. Typically, your accounting solution won’t include features tailor-made for nonprofit operations, while fundraising software is specifically designed to streamline a nonprofit’s daily tasks and improve its ability to raise funds. 

The donor management capabilities that come with a fundraising system can help a nonprofit improve its donor relationships by personalizing messages to specific donor groups, tracking and managing donor engagement techniques, and prioritizing donor outreach by financial need.

For the best results, look for a trusted accounting solution that integrates seamlessly with your fundraising system—this will allow you to reconcile donor and financial data in one system.

It’s easier to reconcile data and keep your nonprofit financially healthy. Without this organized approach to financial management, the two data sets will remain separate. Without a full view of your nonprofit’s financials, it will also be more difficult to assess your performance and plan for the future. 

When your accounting solution integrates seamlessly with your fundraising software, you’re able to use one solution as a backdrop for all of your financial data, including gift transactions, program expenses, employee payroll, and any notes or adjustments. It’s like a behind-the-scenes hub for managing all aspects of your nonprofit’s finances.