Kantivo Nonprofit Edition brings FASB ASC 958 compliance, donor-restricted fund tracking, and functional expense allocation to charities of every size. Audit-grade reporting, modern UX, and a price small organizations can actually afford.
Start Free TrialMost charity bookkeeping happens inside generic small-business software, and most of those tools weren't designed for the way nonprofits actually work. Restricted gifts get tracked in spreadsheets. Functional expense splits get reconstructed at audit time. Net asset classifications get explained to the auditor over the phone. Kantivo Nonprofit Edition replaces all of that with first-class features that an audit firm will recognize on sight.
The Henderson Family Foundation wires $25,000 restricted to a new walk-in refrigerator. Your bookkeeper creates a "Capital Campaign — Walk-In Refrigerator" donor restriction once. Every dollar of that gift gets tagged to the restriction; the Statement of Activities automatically shows it in the "With Donor Restrictions" column. Six months later the refrigerator is installed — one click on "Release Restriction" auto-generates the reclassification journal entry and moves $25K from temporarily restricted to unrestricted net assets. Your annual audit takes hours instead of weeks.
Pick "Nonprofit (FASB ASC 958)" when you create a company and every report — Statement of Activities, Statement of Functional Expenses, Statement of Financial Position — uses the correct nonprofit terminology and column structure from day one.
Track every restricted gift with its donor, original amount, restriction type (purpose, time, or permanent), and release condition. Tag transactions and invoices to the right restriction so the column math on the Statement of Activities is correct without manual reclassification.
Categorize every expense account as Program Services, Management & General, or Fundraising. The Statement of Functional Expenses matrix populates automatically — exactly the format Form 990 filers and auditors expect.
Net Assets Without Donor Restrictions, With Donor Restrictions (Temporary), and With Donor Restrictions (Permanent). Equity-section presentation matches the FASB 958 standard rather than being squeezed into a "Retained Earnings" line that doesn't fit.
When a restriction condition is met (project complete, time elapsed, milestone hit), one click generates the standard reclassification journal entry: Dr Net Assets With Donor Restrictions — Temporary, Cr Net Assets Released from Restrictions. No manual JEs, no risk of getting the sign wrong.
Every nonprofit company starts with a 35-account chart tuned for 501(c)(3) operations: pledges receivable, restricted cash, contributions accounts split by restriction, all expense accounts pre-tagged with their functional classification.
FASB ASC 958 specifies four required statements. Kantivo produces all of them on demand, formatted exactly the way an audit firm expects to see them.
The nonprofit equivalent of an Income Statement. Three columns (Without Donor Restrictions, With Donor Restrictions Temporary, With Donor Restrictions Permanent) plus a Total column. Net Assets Released from Restrictions automatically appears as the offsetting reclassification line, netting to zero across columns.
Matrix view: rows = natural class accounts (Salaries, Rent, Supplies, etc.); columns = Program / Management & General / Fundraising / Unclassified / Total. Unclassified accounts are surfaced explicitly so you can fix them before audit.
The nonprofit Balance Sheet. Assets and Liabilities sections work normally; the Net Assets section automatically splits into the three FASB 958 classifications with current-year change rolled into each class.
Direct-method cash flow statement with operating, investing, and financing activities. Works the same way as Kantivo's standard cash flow report — just with nonprofit-appropriate labels.
Disclosure-quality supporting schedule listing every active restriction with original amount, released amount, remaining balance, and release condition. Subtotaled by restriction type for the auditor's narrative.
Worklist of restrictions whose conditions appear satisfied. Your team reviews and clicks Release when ready — no auto-releases, full human-in-the-loop control.
From a single small charity to a multi-entity nonprofit federation to the CPA firm that audits them, there's a plan that fits.
For single 501(c)(3) organizations. FASB ASC 958 reporting, unlimited donor-restricted funds, functional expense allocation, all nonprofit statements.
For multi-entity nonprofits — parent + chapters, fiscal sponsors, federated affiliates. Multi-entity consolidation, grant lifecycle tracking, advanced functional allocation.
For solo CPAs and bookkeepers specializing in nonprofit clients. Remote access to unlimited client files, nonprofit adjusting entry templates, batch reporting.
For CPA firms with a dedicated nonprofit practice. Everything in Accountant Nonprofit + whitelabel client portal + ability to spin up client books on your own install.
Nonprofit Edition is shipping in Kantivo v2.0. Every plan includes a 30-day free trial with full functionality. The nonprofit chart of accounts, donor restriction tracking, and all five FASB 958 reports work from day one — no migration script, no manual setup.
Start your free 30-day trial and see how a tool built for charities actually feels different.