@amwassil, I found a nonprofit who has been using FA to do fund accounting for a couple of years and we had some good conversations. The basic idea is to let each of your funds be a Dimension 1. If you need projects, they can be Dimension 2 of the fund (for instance a specific grant to track in your Temporarily Restricted fund) Ignore the date fields, and if you ever need to close, merge, or otherwise use up a fund, dimensions can be closed without being deleted.
1 12/24/2011 01:43:22 pm
Re: Advice on setting up FA for nonprofit fund accounting (7 replies, posted in Setup)
2 12/05/2011 01:40:07 am
Topic: Advice on setting up FA for nonprofit fund accounting (7 replies, posted in Setup)
Are there any guides or documents related to using FA to manage the finances of a nonprofit org? The preferred approach is fund accounting, in order to manage different programs, restricted and nonrestricted moneys, reporting on use of grants, etc. I'm wondering if there is a way to use some combination of groups, subgroups, tags, or dimensions to handle this.
I'd also suggest having the NCCS Unified Chart of Accounts as a potential chart to install: http://nccs.urban.org/projects/ucoa.cfm.