Remove Finance 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

13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

Relying on core policies that include both finance and program offices improves collaboration because everyone knows what their roles are and where the directive comes from. Tip 4: Calculate your indirect cost or make an intentional decision to use the de minimis rate. Make sure your program team understands their role.

Insiders

Sign Up for our Newsletter

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

article thumbnail

3 Strategies to Build Your Organization’s Financial Capacity

Blackbaud

Develop a more accurate overall budget In collaboration with your organization’s finance committee, create a more accurate overall budget by using project or program-based budgets. Calculating indirect costs can be challenging.

Finance 119
article thumbnail

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

Blackbaud

From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. Tip 2: Bring both your program and finance teams into the grant application and award process.

article thumbnail

Crafting Opportunities: Exploring the Grant Writing Process

Allied Grant Writers

Budget A detailed account of the financial resources needed, including direct and indirect costs. To delve deeper into managing finances related to your proposal, explore our article on budgeting for grants. Timeline : Consider the duration of the project and how costs will occur during that time frame.

article thumbnail

Upcoming Webinars on The Financial Edge Nonprofit Accounting Software

Tech Soup

The Financial Edge is a nonprofit accounting software that understands how nonprofits work and adapts to their unique needs. The fast, flexible reporting in The Financial Edge is simply unmatched by any other accounting software out there, and it can act as your own personal wizard behind the curtain. Managing grants? Eastern time.

article thumbnail

Upcoming Webinars on The Financial Edge Nonprofit Accounting Software

Tech Soup

The Financial Edge is a nonprofit accounting software that understands how nonprofits work and adapts to their unique needs. The fast, flexible reporting in The Financial Edge is simply unmatched by any other accounting software out there, and it can act as your own personal wizard behind the curtain. Managing grants? Eastern time.