Remove Document Remove Indirect Cost Remove Software
article thumbnail

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

Blackbaud

With a fund accounting software system designed for nonprofits, you can fully track all your grants, especially restricted grants, in one place. Fund accounting software can allow you to accurately curate grant reports to track restrictions, set budgets, and audit grant awards. Ready to tackle the tasks of grants?

article thumbnail

The Financial Edge: Crafting Budgets for Grant Success

Allied Grant Writers

The primary parts of a grant budget include personnel costs, project expenses, and administrative and indirect costs. Personnel Costs Personnel costs encompass the expenses related to the staff involved in the grant-funded project. software, hardware). 10,000 Equipment Tools required for the project (e.g.,

Budget 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

Identify a place to store documentation, including applications and relevant policies, in a place where everyone has access, such as within the grant record within your fund accounting software or a cloud storage tool. Tip 4: Calculate your indirect cost or make an intentional decision to use the de minimis rate.

article thumbnail

Crafting Opportunities: Exploring the Grant Writing Process

Allied Grant Writers

Key elements of grant guidelines may include: Eligibility criteria (who can apply) Project scope and objectives Required documents (e.g., This section outlines the essential elements of a grant proposal and offers valuable insights into crafting a persuasive document.

article thumbnail

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

Blackbaud

Calculate Your Indirect Cost Rate Complete and correct cost allocation is key to the financial stability of your organization. If you aren’t including indirect costs—such as salaries or rent—into your funding requests or program planning, you are setting yourself up for stress later in the year.

article thumbnail

The Nonprofit Administration Dilemma: How Much Should You Spend on Fundraising?

Get Fully Funded

These are also known as indirect costs, expenses that cannot be tied directly to programs. Costs related to specific fundraising campaigns like printing and postage. Costs of creating and distributing print collateral like paying a graphic designer or mailing materials. Expenses related to events. Fundraising training.

article thumbnail

The Essential Guide to Nonprofit Budgets in 2024

Grant Writing Made Easy

Analyze these documents to identify trends, such as seasonal variations in income or recurring expenses. Components: Direct Costs: Expenses that are directly tied to the program, such as materials, staff salaries specific to the program, and direct operational costs.

Budget 52