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Why Fund Accounting Software Beats Spreadsheets for Nonprofit Grant Reporting and Compliance

Blackbaud

Understand Your Indirect Costs Tracking and allocating your indirect costs is one of the most tedious aspects of grant applications and reporting. Some grants may come with lots of stipulations about what operating costs they will fund—and how much. Ready to tackle the tasks of grants?

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13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

Tip 4: Calculate your indirect cost or make an intentional decision to use the de minimis rate. Knowing how you want to handle indirect costs before you apply for government grants will speed up the application and reporting processes. Receiving the Grant Award Congratulations on winning the grant!

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Some revenue sources will clearly be revenue-wise (self-supporting or clearly core to the mission and supported by outside sources), and some will be ready to sunset. Make Sure You’re Ready for Your Next Government Grant Government grants are a great addition to any nonprofit’s balance sheet. Watch an on-demand product tour today.

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3 Strategies to Build Your Organization’s Financial Capacity

Blackbaud

Calculating indirect costs can be challenging. Also check your fund accounting software for opportunities to share presentation-ready dashboards or even give certain staff members view-only access. The post 3 Strategies to Build Your Organization’s Financial Capacity first appeared on The ENGAGE Blog.

Finance 115
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How to write a winning grant proposal

Candid

In this blog, we will share the key elements of a typical project proposal and best practices for how to approach drafting each section to help you secure the grant you seek. With this roadmap to guide your efforts, you’re ready to begin writing a successful grant proposal.

Proposal 105
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Your Unrestricted Funds Need Stewardship, Too

Blackbaud

Many don’t cover operating costs or have a small allotment for indirect costs such as salaries, insurance, and utilities. You can create presentation-ready charts that visually show what funds were spent, how they were used, and how that has changed over time. Join us for a product tour of Blackbaud Financial Edge NXT.

Funding 108
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What’s New and What’s Next: Why Your Finance Team Should Attend bbcon 2024

Blackbaud

Are you ready to really understand how to get the most actionable data out of your fund accounting system? From an income statement point of view, they will discuss the hidden benefits of segregation of duties and how overhead expenses and allocation of indirect costs impact the “bottom line.”

Finance 101