Moving from Microsoft Dynamics GP to Business Central is more than a software upgrade. It’s an opportunity to rethink how your nonprofit manages funds, grants, reporting, and financial operations.
As Microsoft Dynamics GP approaches the end of its product lifecycle, nonprofit organizations are evaluating their next financial management system. But replacing GP doesn’t necessarily mean recreating the same fund accounting structure in a new platform.
In this on-demand webinar, Selena Elledge, CPA, Principal and Nonprofit Microsoft Leader at Sikich, explores how nonprofits can assess their fund accounting requirements and determine the right approach when moving to Microsoft Dynamics 365 Business Central.
Three levels of fund accounting in Business Central
Not every nonprofit needs the same level of fund accounting functionality. During the webinar, Selena outlines three approaches organizations can consider based on their financial and operational requirements.
Level 1: Grant and program tracking
For organizations that primarily need to track revenue and expenses by grant, program, or department, Business Central’s core functionality can provide reporting and budget-to-actual visibility without requiring self-balancing fund accounting.
Level 2: Basic fund accounting
Organizations requiring separate trial balances by fund, automated due-to and due-from entries, and centralized or decentralized payment processing may benefit from additional fund accounting functionality.
Level 3: Advanced fund accounting and grant management
For nonprofits with more complex requirements, advanced solutions can support restricted and unrestricted funds, endowment management, grant administration, compliance tracking, complex allocations, and more.
See fund accounting in action
The webinar also walks through three accounting examples in Business Central, demonstrating how organizations can manage expenses across multiple grants or funds, automate interfund transactions, and handle different payment structures.
Beyond fund accounting, Selena discusses important migration considerations, including financial reporting, budgeting, historical data, chart of accounts design, and opportunities to use AI during migration planning.
Download the webinar resources
Explore the materials presented during the session:
- [Download the presentation slides] – Review the three levels of fund accounting, migration considerations, and recommended next steps.
- [Download the three fund accounting examples] – See sample Business Central transactions illustrating grant tracking, interfund accounting, and payment processing.
Ready to plan your move from Dynamics GP?
The right fund accounting approach starts with understanding your organization’s unique requirements.
Sikich can help you evaluate your current processes, explore Business Central solutions, and develop a migration roadmap that supports your organization’s financial operations and mission.
Request a complimentary GP-to-Business Central assessment today!
This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. In addition, this publication may contain certain content generated by an artificial intelligence (AI) language model. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.
