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design 5 out of 5 stars
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What is WiseCost?

WiseCost is a cloud-based software platform tailored for government contractors and nonprofit groups managing federal grants, providing critical functionalities for time tracking and labor cost allocation alongside QuickBooks Online. Employees can record their hours by specific projects or categories, verify their timesheets, and submit them for approval from management. Administrators can import payroll data, distribute labor and related costs across different contracts or grants, calculate fringe benefits, overhead, and general administrative rates, as well as generate journal entries directly within QuickBooks Online. The system produces detailed reports that encompass labor distribution, indirect rates, profit and loss statements, and comparisons between budgeted and actual expenditures. Moreover, it establishes a secure audit trail that logs all modifications and approvals for accountability. To further enhance its functionality, WiseCost includes a read-only REST API, which enables easy exporting of time and labor data to various systems. CPA firms gain an advantage through a dedicated multi-company dashboard designed to streamline the management and support of their client organizations. This combination of features positions WiseCost as an essential resource for ensuring compliance and improving efficiency in financial oversight, ultimately contributing to better decision-making for stakeholders.

What is QuickBooks Non-Profit?

QuickBooks serves as a robust solution for tracking donations, managing invoices, bookkeeping, and fulfilling all your accounting needs effectively. This platform enables users to classify revenue and expenses according to specific funds or programs, which facilitates the generation of customized reports that highlight crucial metrics for nonprofit organizations. With customizable features, both QuickBooks Online Plus and QuickBooks Online Advanced provide real-time tracking of budgets organized by program or fund. Users can also manage donor relationships, supervise grants, create financial reports, conduct bank reconciliations, and perform numerous other tasks. Transitioning to QuickBooks Enterprise Nonprofit enhances the ability to efficiently store and access detailed lists of donors, vendors, and items. Moreover, it provides the option for individual user permissions across more than 115 specific tasks, bolstering the security of donor data. As your nonprofit grows, upgrading to QuickBooks Enterprise Nonprofit is a seamless transition. Key accounting features include the management of donations, church oversight, and financial reporting aimed at larger nonprofit entities, thus making it an essential tool for prudent financial management. Consequently, adopting QuickBooks will not only streamline your financial processes but also elevate the overall operational efficiency of your organization. Embracing this platform offers significant advantages for nonprofits striving for effective fiscal oversight.

Media

Media

Integrations Supported

Gusto
QuickBooks Online

Integrations Supported

API Availability

Has API

API Availability

Pricing Information

$149/month
WiseCost Standard costs $149 per month for 5 users; each additional user costs $15 per month. A 14-day free trial is available with no credit card required. The subscription is billed monthly with no long-term commitment, and customers can cancel anytime. A QuickBooks Online subscription is separate.
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS
Android
iPhone
iPad

Customer Service / Support

Web-Based Support

Customer Service / Support

Not specified

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Not specified

Company Facts

Organization Name

WiseCost

Date Founded

2026

Company Location

United States

Company Website

www.usewisecost.com

Company Facts

Organization Name

Intuit

Company Website

www.intuit.com

Categories and Features

Time Tracking

Not specified

Categories and Features

Church Accounting

Donation Management
Payroll Management

Donation Management

Not specified

Fund Accounting

Not specified

Fundraising

Not specified

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