Estimated reading time: 1 minute, 0 seconds

Xero Accounting

Understanding your cash position isn’t just important for ‘for-profit’ companies, nonprofits need to understand and utilize their cash flow too. However, many nonprofit accounting packages don’t put that information front and center.

In fact, for small nonprofits cash flow is probably the most important thing. With Xero accounting software, nonprofits can have a quick and easy visualization of their cash flow. While this package is not robust enough to support a large scale nonprofit, it can help smaller organizations get a handle on their cash flow.

The dashboard has different charts and graphs that can be used to express your nonprofits’ cash position.

The Xero dashboard allows you to monitor all your bank accounts, including accounts with online payment services such as Paypal.

Xero is cloud based so it is easy to share with various financial team members. You can customize access for various positions, and you can collaborate in real-time.

In addition to monitoring cash position, the package contains a payroll module, bank reconciliation module and The package allows you to run payroll, prepare bank reconciliations, pay bills and create purchase orders.

Xero offers tiered pricing that depends on what features you select and the size of your organization.

Read 4467 times
Rate this item
(1 Vote)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.