NPFA Administration
NPFA Administration allows a system administrator to set up and configure Non-Profit Fund Accounting. NPFA is a complex accounting process used by higher education, non-profit, or government organizations that focuses on accountability for how money is used. It allows organizations to track the specific accounts that funds are coming from, going to, and for what purpose to ensure that grants and donations that have been earmarked for specific purposes are used appropriately. The fund accounting structure enables organizations to assign complex account codes to each expenditure, ensuring that it has been accounted for and can be reported on correctly.
If enabled, the NPFA module replaces the system’s standard accounting configuration. It allows users (system administrators or accounting teams) to set up an intra-organization accounting system that can track funds between an organization’s departments as well as to third-party vendors. Through NPFA, users can create and group account segments, configure billing types and markups, and determine how the accounting structure is applied to entities such as equipment or employees.
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