Tangicloud Fundamentals for nonprofits and governments

Business Central Fund Accounting, Built In

Base Business Central doesn’t do fund accounting. Fundamentals adds funds, restrictions, budgets, allocations and nonprofit and government reporting, right inside it.

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Nonprofit finance manager reviewing grant budget charts on a laptop

The gap

Business Central for nonprofits needs fund accounting

Business Central is a strong accounting platform, but it is built for commercial companies. Fundamentals is a fund accounting extension for Business Central that fills that gap, so fund, grant and budget data live in the same ledger as everything else. For grant-specific tracking, see Business Central grant management.

No fund tracking

Out of the box it can’t track what each fund is for.

Restrictions go untracked

It can’t record what a donor or funder restricted.

No net asset reporting

It can’t report on net assets the way nonprofits and governments have to.

Fundamentals closes the gap inside Business Central.

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Before and after

What changes when fund accounting moves into Business Central

The same four jobs, done two ways.

  • FundsTracked in spreadsheets or a second system.
  • RestrictionsBusiness Central can’t record what a donor or funder restricted.
  • Month-endTwo sets of numbers to reconcile every month.
  • Net assetsBusiness Central can’t report them the way nonprofits and governments must.
  • FundsSet up in Business Central, each tied to your mission.
  • RestrictionsFund classes map to net asset classes, and releases are recorded as restrictions are met.
  • Month-endOne set of numbers, because fund data lives in the ledger.
  • Net assetsReported with and without donor restrictions, from posted data.

Fund management

Nonprofit fund accounting software inside your ERP

When funds live in spreadsheets or a second system, every month-end means reconciling two sets of numbers. Fundamentals keeps them in one.

Set up as many funds as you need, each with a distinct purpose tied to your mission.
Map fund classes to net asset classes, and record releases as restrictions are met.
Allocate across funds, accounts and programs, with batch and labor allocation apps.
Manage and consolidate companies with different fiscal years or currencies.
Accounting Software

Reporting

FASB and GASB reporting from the ledger

Nonprofits and governments report differently than commercial companies. Fundamentals supports both.

Nonprofit reporting (FASB). Report net assets with and without donor restrictions, the statement of activities and functional expenses, from posted data.

Government reporting (GASB). Fund-based reporting for public sector organizations. See Fundamentals for governments.

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Controls

Budgets, approvals and audit trails

Controls that commercial ERPs leave to spreadsheets. See all Fundamentals features.

Budgetary control

Check budget availability as transactions are entered and approved.

Approval workflows

Electronic approvals for journals, purchase documents and lines.

Audit trails

Every transaction is recorded and preserved, even when errors are corrected.

What clients say

Sony Devis
“One of the best features (not found with other systems during our search) is the comprehensive labor allocations function that includes the ability to encumber future distributions to funds/projects. This gives us a better view of how funds are spent and allocated in future periods.”
Sony Devis
The Smith-Kettlewell Eye Research Institute
Seth Maristuen
“As a rapidly growing non-profit, we needed a modern fund accounting system to handle our complexities and streamline processes… We’re now closing periods faster, with less manual work, and reporting with more confidence than ever.”
Seth Maristuen
National Forest Foundation

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See fund accounting inside Business Central

Book a demo and we’ll walk through funds, restrictions, budgets and reporting in Fundamentals.

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    FAQ

    Business Central fund accounting FAQs

    Quick answers about fund accounting in Business Central. Want to see it with your own funds?

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    Not on its own. Base Business Central has no fund, grant or restriction tracking. Fundamentals adds fund accounting inside Business Central.

    Fundamentals is a fund accounting extension for Microsoft Dynamics 365 Business Central, built for nonprofits and governments. It adds funds, restrictions and releases, budgets, allocations, approvals and FASB and GASB reporting.

    With fund accounting added, yes. Business Central handles the core accounting, and Fundamentals adds what nonprofits need. See the nonprofit software overview.

    Fund classes map to net asset classes for internal and external reporting, and releases are recorded as restrictions are met. See grant and restricted fund management.

    Yes. Fundamentals serves governments as well as nonprofits, including GASB reporting. See Fundamentals for governments.

    Yes. GP support ends in 2029, and most GP customers move to Business Central. Fundamentals is how fund accounting comes with you. See moving from GP to Business Central.