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KenChen comments on Recommendation request: Budgeting/accounting software for a non-profit - Less Wrong
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Our for-profit company, Lambda, uses Xero, a web-based accounting tool. They claim to serve non-profits as well: http://www.xero.com/us/not-for-profit/
I can't speak to how good they are for non-profits, but many startups are using Xero these days.
I second the recommendation, I've used Xero for a non-profit and found it wonderful. That was a while ago, I expect it's improved since.