dynamics gp and nfp’s made for each other
DESCRIPTION
Dynamics GP and NFP’s Made for Each Other. Presented by Lisa Armstrong Senior Consultant SSi Consulting, Inc. Agenda. Review some Accounting and Reporting challenges for NFP’s Dynamics GP’s Not For Profit Suite of Modules described Demonstrations and benefits of these modules - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/1.jpg)
GPUG® Summit 2011November 8-11
Caesars Palace – Las Vegas, NV
Dynamics GP and NFP’s Made for Each Other
Presented by Lisa ArmstrongSenior Consultant
SSi Consulting, Inc.
![Page 2: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/2.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Agenda Review some Accounting and Reporting
challenges for NFP’s Dynamics GP’s Not For Profit Suite of
Modules described Demonstrations and benefits of these
modules Share your Experiences Q&A
![Page 3: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/3.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Not For Profit Accounting Challenges
Comply with regulatory requirements Satisfy demands of Grantors and Sponsors Reporting Budgeting Allocation of Expenses/Revenues to proper
funds, grants, departments, programs, etc.
Reentering data from one system to another
Do you encounter other challenges?
![Page 4: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/4.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Dynamics GP can help with these challenges!!!!
Dynamics GP Not For Profit Suite of Modules– Control Account Management– Grants Management– Interfund Accounting– Encumbrance Management– PO Commitments
All seamlessly integrate with Dynamics GP’s core financial modules – helping to streamline efficiencies
![Page 5: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/5.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Control Account Management
Properly distribute Accounts Payables or Receivables by a segment in your GL (fund, program, department, etc.)
Eliminate manual reconciliation of your reporting segments
Review distribution of funds in summary or detail level
![Page 6: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/6.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Control Account Management DEMO
![Page 7: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/7.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Grants Management Analyze financial data by grant or other
funding source Capture data without having to add/use a
segment of your Chart of Accounts Accurately track costs for the entire life-
cycle of a grant Report on grant performance and funding
allocation within GP or FRx/Management Reporter
![Page 8: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/8.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Grants Management DEMO
![Page 9: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/9.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Interfund Accounting Automatically generate “Due To/Due
From” transactions Fund balances remain balanced Summarize funds as a whole within the
organization Ensures compliance with strict reporting
requirements Facilitates successful audits
![Page 10: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/10.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Interfund Accounting DEMO
![Page 11: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/11.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Encumbrance Accounting Wikipedia Definition of Encumbrances Helps to keep expenditures within budget Reduce the risk of overspending Reserve funds from a budget when
Purchase Orders are created Set up passwords to verify authorization
to exceed budget amounts Authorize multiple encumbrances at one
time
![Page 12: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/12.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Wikipedia Definition of Encumbrances
Encumbrance is a management tool used to reflect commitments in the accounting system and attempt to prevent overspending. Encumbrances allow organizations to recognize future commitments of resources prior to an actual expenditure.
Amount for which there is a legal obligation to spend in the future. A purchase order is a typical encumbrance transaction.
![Page 13: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/13.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Encumbrance Accounting DEMO
![Page 14: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/14.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
PO Commitments Alternative to Encumbrance Accounting Amounts committed to be paid at a later
date Provides the capability to validate these
amounts against a budget Generate financial reports including these
committed expenditures
![Page 15: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/15.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
PO Commitments DEMO
![Page 16: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/16.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
To Summarize Benefits and Features– All modules in the NFP suite help reduce
manual reconciliations– Help to provide ease in reporting and
budgeting– Less duplication and lower potential for errors– Compliance– Increase your financial insight and control– Automation and seamless integration
![Page 17: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/17.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Additional Resources Customersource
– eLearning
– Training Manuals
– User Guides
![Page 18: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/18.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Please share your experiences!!!!
![Page 19: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/19.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Q&A
![Page 20: Dynamics GP and NFP’s Made for Each Other](https://reader030.vdocuments.us/reader030/viewer/2022033100/56816525550346895dd7ad9c/html5/thumbnails/20.jpg)
GPUG Summit 2011– Las Vegas www.gpug.com
Thank you for attending!!!!