The Nonprofit Edition of BizBooks Pro delivers FASB ASC 958-compliant financial reporting, restricted donor fund tracking, and the Program / Management & General / Fundraising expense split your auditor expects — without the QuickBooks workarounds or the Sage Intacct price tag.
Try Free for 30 DaysForm 990 filers need three things general accounting tools don't deliver well: restricted-fund segregation, true functional expense classification, and FASB ASC 958-formatted statements. The status quo is to manually tag classes in QuickBooks, rebuild restricted balances in Excel each quarter, and let your auditor reformat everything during the annual engagement. BizBooks Pro Nonprofit Edition eliminates every one of those workarounds with purpose-built features.
The Department of Justice awards $180,000 in OJJDP mentorship funds with quarterly milestone-based draws. The bookkeeper sets up "OJJDP Federal Mentorship Grant 2026" as a purpose-restricted fund once. Every quarter when DOJ releases the next tranche after milestone delivery, one click on Release Restriction generates the standard reclassification entry and updates the Statement of Activities — already separated into Federal Grant Revenue (restricted) versus operating contributions (unrestricted). The auditor's annual draft package writes itself.
Set the company's reporting standard to "Nonprofit (FASB ASC 958)" at creation time. Every report regenerates with the right titles, columns, and net asset terminology — no per-report toggling, no manual relabeling at audit time.
Record every donor-restricted contribution against a tracked restriction. Each restriction stores its donor, original amount, type (purpose / time / permanent), release condition, and running balance. Transactions and invoices tag to the restriction on save.
Each expense account carries its functional classification: Program Services, Management & General, or Fundraising. The Statement of Functional Expenses produces the exact matrix the IRS Form 990 Schedule O expects.
Three classifications per FASB 958: Without Donor Restrictions, With Donor Restrictions (Temporary), With Donor Restrictions (Permanent). Replaces the "Retained Earnings" line that small-business software forces nonprofits to use.
When you click Release on a restriction, BizBooks Pro auto-posts the FASB-standard two-line entry: Dr Net Assets With Donor Restrictions — Temporary, Cr Net Assets Released from Restrictions. Sign errors and missing journal entries are impossible.
Pledges Receivable, Grants Receivable, three Net Assets equity accounts, restricted and unrestricted contribution accounts, and 16 functionally-classified expense accounts — all seeded automatically the moment you create your nonprofit company file.
The standard demands four core statements plus supporting schedules. BizBooks Pro produces all of them with the exact column structure and account groupings your audit firm anticipates.
Replaces the Income Statement for nonprofits. Three-column net asset structure (Without Donor Restrictions / Temporary / Permanent) plus a Total column. The "Net Assets Released from Restrictions" reclassification line nets to zero across columns automatically.
The matrix view: each natural class expense account (Salaries, Rent, Office Supplies, etc.) becomes a row; Program / M&G / Fundraising / Total are the columns. Expenses lacking a functional classification show in an Unclassified column so you can fix them pre-audit.
The nonprofit Balance Sheet. Assets and Liabilities follow standard presentation; the Net Assets section automatically splits into the three FASB 958 classes, with current-year change flowing into each class correctly even mid-year.
Direct-method statement covering operating, investing, and financing activities. The underlying cash flow report shared with standard companies, just relabeled per FASB ASC 958 terminology.
Audit-disclosure schedule itemizing each active restriction — original amount, released amount, remaining balance, restriction condition. Grouped and subtotaled by restriction type (purpose / time / permanent).
A worklist surfacing restrictions whose conditions appear satisfied. Your finance team reviews each, releases when appropriate. No automatic releases — every reclassification requires human approval.
From a single charity to a multi-state federation to the CPA firm that audits them, every nonprofit's bookkeeping situation has a fitting plan.
The right fit for a single 501(c)(3) organization. FASB ASC 958 compliance, unlimited donor-restricted gift tracking, complete functional expense allocation, every required nonprofit financial statement.
For nonprofits with multiple entities — fiscal sponsors with sub-projects, parent organizations with chapter affiliates, federated networks. Adds multi-entity consolidation, grant lifecycle tracking, advanced functional allocation rules.
Built for solo CPAs and bookkeepers with a nonprofit client roster. Adds remote access to unlimited nonprofit client books, nonprofit-specific adjusting entry templates, portfolio-level batch reporting.
For CPA firms running a dedicated nonprofit practice. Adds unlimited staff seats, whitelabel client portal under the firm's brand, and the ability to create new client books directly on the firm's install.
The Nonprofit Edition is shipping now as part of BizBooks Pro 2.0. The 30-day free trial includes the full Nonprofit Edition feature set so you can test it against your actual books before subscribing. No manual setup, no separate migration — the nonprofit chart of accounts, restriction tracking, and the full FASB 958 report suite work from the moment you create your first nonprofit company.
Start a free 30-day trial. Test the Nonprofit Edition with your own data before you commit a dollar.