Interfund Accounting Made Easy for Nonprofits with Microsoft Dynamics GP

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As a nonprofit, your budget is probably grouped into four major categories: program services, fundraising, management, and general. Transferring money across these groups of accounts is sometimes necessary, but prone to error. Especially when your staff is using their time to manually input that data and then running reconciliation checks to ensure the data is accurate.

Microsoft Dynamics® GP offers Interfund Accounting functionality within Microsoft Dynamics GP InterCompany, ensuring easy management of interfund transfers and the assurance that account balances stay accurate and up to date. Let’s check out the benefits of this tool and how it can help your organization with interfund accounting:

–        You can get started fast with easy, on-time set up of transfer defaults. Integrating your financial system will minimize the need for your accounting staff to track all related accounts.

–        You can transfer funds across accounts, groups, divisions, and companies without the stress of manual entry and reconciliation processes.

–        You won’t have to worry about missing transactions or posting errors with automated transaction analysis that confirms fund accounts are balanced. It incorrect fund entries are found, Interfund Management makes the necessary adjustments that ensure funds have been reconciled.

–        You can seamlessly integrate with Microsoft Dynamics GP General Ledger to ensure your financial information and processes work in concert and provide you with a complete view of your business.

Make it easy to manage multiple accounts with Microsoft Dynamics GP. Zeal Solutions is a leading Microsoft Certified Partner specializing in agile Microsoft Dynamics ERP Accounting Solutions and is specifically dedicated to the implementation, training and support of Microsoft Dynamics GP and CRM.

By Zeal Solutions, a Chicago Microsoft Dynamics GP Partner

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