LedgerMatch
Bank Reconciliation Software for Nonprofits & Charities
Nonprofits face unique bank reconciliation challenges — restricted and unrestricted fund tracking, grant disbursements that arrive in large lump sums, online donation batches from platforms like Stripe or PayPal, and the ever-present requirement for audit-ready records. Many nonprofits are also required to maintain accurate books for Form 990 filing and grant reporting. LedgerMatch matches every bank transaction against your QuickBooks or Xero nonprofit ledger in under 10 minutes, giving nonprofit bookkeepers and finance directors a clean, audit-ready file every month.
Common reconciliation challenges for nonprofits
- Grant deposits arrive as large lump sums that must be split across multiple restricted fund accounts in QuickBooks — creating reconciliation complexity
- Online donation batches from PayPal Giving Fund, Stripe, or GoFundMe net platform fees, so the deposit never matches the gross donation total in the ledger
- Annual audits and Form 990 preparation require clean, accurate monthly bank records — manual reconciliation creates errors that auditors flag
How LedgerMatch helps
- Exception queue lets you flag and annotate grant deposits with notes on restricted vs unrestricted fund allocation — the annotation is included in the audit trail export
- Tolerance matching catches net donation deposits even when the platform fee creates a difference between the gross donation and the bank deposit
- Clean, dated export file matches what your auditor expects — LedgerMatch gives nonprofit bookkeepers an audit-ready reconciliation report every month
Industry note
Nonprofits must reconcile bank records to Form 990 Part IX (Statement of Functional Expenses) each year. Clean monthly bank reconciliation is the foundation of accurate 990 preparation — LedgerMatch gives nonprofit bookkeepers a clean transaction record that maps directly to functional expense categories.
Common banking and accounting tools
- Bank of America
- Wells Fargo
- Chase
- PNC Bank
- TD Bank
- QuickBooks Online Nonprofit
- Xero
- Sage Intacct
- Aplos
Explore related resources
Install LedgerMatch
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