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

sgEngage

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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Need a New Grant Management System? 5 Tips for Selecting the Best GMS for Your Foundation

sgEngage

But inertia is not an option when your grant programs outgrow your current solution, or your vendor sunsets the software you use, like Salesforce is doing with their grant management software, FoundationConnect. This includes reviewing your process documentation or creating it if necessary.

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How to Streamline Your Grant Management Process with Technology

sgEngage

Receiving requests for funding can be both a crucial and frustrating part of being a grantmaking organization. To avoid overwhelming your team, standardize how you receive and process grant applications at your organization. Statuses will help you know which task needs to be performed next for the request under review.

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Your Unrestricted Funds Need Stewardship, Too

sgEngage

All in unrestricted funds with no reporting necessary. While nonprofits will hopefully see an increase in unrestricted funds—and a decrease in burdensome reporting requirements—as part of this and other movements, good nonprofit accounting principles still apply. What Are Restricted Funds? What are Unrestricted Funds?

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How to Minimize Risk Throughout Your Grant Cycle

sgEngage

But on occasion, a person will make a mistake or doesn’t follow the restrictions for the grant. To mitigate risk throughout your grant cycle, you need to know your grantees through relationships and documentation, support their internal controls, and set up a process for whistleblower complaints. How do you track time and effort?

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Grants management software

Bonterra

Grants management software Unify giving and grantmaking Build strategic nonprofit partnerships that drive more social impact with less work for your teams. Build charitable partnerships for better funding outcomes Nonprofit network Discover nonprofits that align with your business objectives and build lasting partnerships.

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10 Tips for Better Grant Management Processes

sgEngage

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. Focus on the why.

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