Microsoft Dynamics GP is excellent fit for mid-size and large non for profit organization. Great Plains has special suit of non-for-profit modules, and among them Grant Management
Great Plains has special suit of non-for-profit modules, and among them Grant Management. This module enables functionality, when you on behalf of sponsors opening the grand for bidding and later on releasing the funds as project progresses. In this small article we will give you Grant Management module highlights:
1. Analytical Accounting is required. In fact, GM module deploys the functionality of Analytical Accounting: dimensions, Accounting Class (to enable Analytical Accounting tracking entries for GL, AP, RM, SOP, POP and Inventory transactions), Trees, Budgets, Budget Trees.
2. Grant object in GP is linked to Grant dimension code in Analytical Accounting. The reporting for Grant Management is done through Analytical Accounting queries, where you establish the query and send its result to Excel
3. Grant Sponsors. These are GP customers. If you don’t have them as customers, you can create them on the fly from Grand Sponsors screen. You specify the sponsored amount by each sponsor and grant fund will be increased respectively
4. Multicurrency. You should setup default currency in order to use Grand Management. It is also needed in Analytical Accounting
5. Beyond Grant Management in Analytical Accounting. GM only deploys alphanumeric dimension codes and so it is restricted. In GM you only need one dimension, unique code per grant and budget per grant dimension code. This is probably only ten percent of Analytical Accounting functionality. Analytical Accounting module in turn could be recommended to financial analysts in large corporations, where they can do real data mining, slicing and dicing analysis in Finance department
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