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Understanding Indirect Costs: A Brief Overview

Grant Professionals Association

Indirect costs are the backbone of an organization’s operations. Also known as overhead or administrative costs, they ensure organizations smooth functioning. In the grant sphere, indirect costs represent the expenses associated with general operation and support of an organization or project.

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Why Accurate Payroll and Time Allocation Is Crucial for Your Nonprofit Grant Reporting

Blackbaud

And payroll and grant reporting are two areas of your financial processes where accuracy is non-negotiable. You want your staff paid fairly, and you want to maintain good relationships with your grant funders. But allocating your payroll and time to your grants can be a cumbersome, manual, and time-intensive process.

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Tips For Maximizing Grant Opportunities

The NonProfit Times

By Jackie Sue Griffin Securing grant funding is crucial to a nonprofits growth, and it starts with crafting a well-planned and realistic budget. Before diving into the budgeting process, its essential for nonprofit managers to thoroughly review the grant guidelines and restrictions provided by the funding organization.

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What Are Payroll Grants and Where Can I Find Them?

GrantNews

Payroll Grants are rare, but like precious gems, you can find them, if you know where to mine! If you’re new to grant seeking, you may quickly realize that most funders don’t cover payroll expenses. In fact, wages, salaries, rent, debt, and general operating costs are often listed as ineligible expenses.

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

Blackbaud

You’ve been grant shopping for some time now, but are you prepared for what’s next once you start to receive them? Many grants come with significant—and detailed—compliance requirements. If you are a grant-funded organization, it will be important to manage spending restrictions and meet reporting requirements.

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The Financial Edge: Crafting Budgets for Grant Success

Allied Grant Writers

Introduction to Grant Budgets Understanding the financial aspects of grant applications, particularly budgeting, is essential for both small businesses and non-profits. Importance of Budgeting for Grant Applications Budgeting serves as the financial blueprint of any grant proposal.

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Nonprofits Guide to Applying and Negotiating an Indirect Cost Rate

PKS Grants & Accounting Solutions

Nonprofits Guide to Applying and Negotiating an Indirect Cost Rate In the previous article, we learned “ Why Your Organization Needs A Negotiated Indirect Cost Rate? ” Final rate - This is applicable to a specified past period which is based on the actual costs of the period. Let’s begin. See 2 CFR 200.19