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10 Tips for Better Grant Management Processes

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While grant funding may not require the continual stewardship efforts and nurturing of traditional donor-led funding, it often presents its own challenges: extensive reporting mandates, a list of requirements to qualify for funding, and the possibility of mission creep to meet those requirements. Adopt a robust fund accounting system.

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How to Streamline Your Grant Management Process with Technology

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You want applications from organizations that align to your mission, but the frequency of the requests can easily bog down your processes if you aren’t careful. To avoid overwhelming your team, standardize how you receive and process grant applications at your organization. How long is it? Are there regular deadlines?

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

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To meet those requirements, you’ll need to be able to successfully track and manage your grants and effectively report on how you allocated these funds. If you are a grant-funded organization, it will be important to manage spending restrictions and meet reporting requirements. Tracking: Cut Out the Spreadsheets!

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5 Ways Fund Accounting Simplifies Financial Reporting for Community Health Centers

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Using technology to streamline even some processes can free up a tremendous amount of time, so you spend less time on manual reporting and tracking and more time analyzing and elevating actionable information that drives bottom-line financial impact. Everything in the grant record is available in a dashboard or built-in report.

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Don’t Jeopardize Your Nonprofit Compliance with a Commercial Accounting System?

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If all your Ts aren’t crossed and your Is aren’t dotted on your grant reporting, your chances of repeat funding from that entity are low. When your accounting system is not built to handle restricted funding , each report can feel like a fire drill. It’s not just the end-of-grant reporting that can cause problems.

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December Stress Relief: Automation for Gift Processing

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Fundraising requires timely and efficient processing of donations, especially in the typical end-of-year rush of gifts. This season, give your team a little December stress relief by automating and streamlining gift processing, including recurring donations and installment payments.  Leverage batch processing.

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10 Considerations for Creating a Budgeting Process

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That includes both the budget and the process for creating it. In addition to reviewing and updating your nonprofit operating budget each year, your financial team should also regularly evaluate your process for creating that document. What Does a Nonprofit Budgeting Process Include?

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