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Intuit Inc. — QuickBooks Not-For-Profit 2010

866-379-6636www.quickbooks.com

From the November 2010 Review of Not-for-Profit
Accounting Programs
.

QuickBooks
Not-For-Profit 2010 offers a solid nonprofit product designed for startup and
smaller nonprofit organizations. Featuring a nonprofit-specific chart of accounts
and excellent reporting and tracking capabilities, QuickBooks Not-For-Profit
is an affordable choice for small organizations with limited budgets.

BASIC SYSTEM FUNCTION:
QuickBooks products remain some of the easiest to install, with installation
taking little more than a few minutes. QuickBooks will automatically scan for
product updates after installation, so the installed product will be current.

QuickBooks Not-For-Profit 2010, like all QuickBooks products, offers a user-friendly
interface that can appear cluttered, but can be customized to suit each user’s
preferences. QuickBooks contains separate navigational areas throughout the
product, and tutorials are available for all new users. Data-entry screens are
easily navigated and contain the requisite lookup options and drop-down menus
throughout. The features offer a main destination for product users to access
current data, enter new information or process system transactions.

QuickBooks does not offer modular functionality; rather, it is an “all-in-one”
financial solution. QuickBooks Not-For-Profit offers the following features:
Nonprofit, Company, Customer, Vendor, Employee, Online Banking, Document Management
and Reporting. Intuit also offers a long list of add-on products available for
an additional cost, including the APP Center, which provides access to a series
of add-on applications designed to make QuickBooks more efficient. Also available
is a Payroll option, the ability to accept credit cards, various marketing tools,
and web services such as hosting. QuickBooks offers several levels of products
and continues to add functionality.

CORE NFP/FUND ACCOUNTING CAPABILITIES:
The system features the basic account structure utilized in all QuickBooks products.
QuickBooks Not-For-Profit 2010 offers a nonprofit-specific chart of accounts
and also offers the United Way standard chart of accounts. Users can easily
add or edit any of the accounts to better reflect their organization’s
needs. QuickBooks Not-For Profit 2010 easily handles standard nonprofit transactions
with donations entered as sales receipts and pledges entered as invoices.

A separate budget can be set up for each account for the current fiscal year.
For multiple budgets, users must set up additional classes within each account.
The class function is where nonprofits would set up all programs and projects.
Budgets can be easily tracked, with necessary information such as Budget vs.
Actual easily monitored for both donors and grants. Donor information can be
easily managed in the customer area, with the ability to add specific customer
types such as donors under $100 or donors over $5,000, with each easily tracked.
Grants will need to be entered into QuickBooks as a customer and job.

QuickBooks Not-For-Profit contains numerous electronic features including
the ability to email pledge detail (invoices) directly from the entry screen
as well as e-payment and e-banking capabilities that make it easier for smaller
nonprofits to keep their records up to date. QuickBooks Not-For-Profit 2010
also makes it easy to provide system access to tax and accounting professionals.

MANAGEMENT FEATURES:
The Company Snapshots feature allows users to choose specific accounts and reminders
to display on the Company Snapshot screen. QuickBooks offers password protection
with the ability to provide complete system access or select access, with an
option available to provide access to a tax and accounting professional, as
previously noted. Administrators can choose access levels for each particular
system area, and the corresponding level of access permitted. Pledges can be
entered into QuickBooks and collection letters produced. Both pledge acknowledgement
and collection letters can be sent from the nonprofit navigational center. Fundraising
letters can also be written and saved in QuickBooks Not-For-Profit 2010.

FINANCIAL STATEMENTS & REPORTING:
Nonprofit reports can be easily customized to reflect the desired report criteria.
Financial statements are simple to produce, and include the Statement of Financial
Income and Expense, Statement of Financial Position, and Statement of Functional
Expenses (IRS 990). Numerous grant reports are also available, including Budget
vs. Actual for Donors/Grants and the Donors/Grants report. All reports can be
emailed directly from the report screen or exported to a CSV file or Excel worksheet.
Reports can also be saved as PDFs.

INTEGRATION/IMPORT/EXPORT:
QuickBooks data can be easily exported to all Microsoft Office products such
as Word or Excel. Billed as a complete financial system, all QuickBooks functions
completely integrate with each other. Intuit also offers a wide selection of
add-on products designed to work with QuickBooks, including the Accountants
Tools, which makes it easy to transfer system data between organizations and
accountants.

HELP/SUPPORT:
The system contains an excellent Help feature, as well as direct access to the
QuickBooks Live Community, making it easy to obtain answers to just about any
question. QuickBooks automatically scans for available system updates and will
download automatically, if desired. User guides and training manuals are available
to access or download. QuickBooks offers several different levels of product
support, with options depending on organizational needs and user ability. Learning
guides, tutorials and training seminars are also available.

SUMMARY & PRICING
QuickBooks Not-For-Profit 2010 is priced at an affordable $399.95 for a single-user
system. Like all QuickBooks products, QuickBooks Not-For-Profit 2010 is designed
for the small business owner/nonprofit organization that desires a solid financial
product that offers nonprofit-specific accounting structure. With affordability
playing such a large role for smaller nonprofits when making software choices,
QuickBooks would be a logical choice.

2010 OVERALL RATING: