Effective Grant Budgeting and Easier Financial Reporting
How you create and maintain your grant budget is essential to meeting funder reporting requirements and maintaining compliance with internal financial policies and processes. Accurate and comprehensive grant budgets and spend plans are key for an organization to effectively scope and implement their projects, empowering them to track and monitor progress as well as identify risks that need to be mitigated along the way.
Once the budget plan is built, you’ll need a process for tracking, reconciliation, and reporting (which all becomes more complex if you are also regranting funds). Ultimately, all of this should not only support your compliance efforts but also amplify the impact of your programs. While essential, it can certainly feel daunting.
In this webinar, we will cover:
- The essentials of budgeting for grant projects
- Financial reporting requirements and best practices
- How a grant management system (GMS) can complement an ERP or financial system
You'll walk away with:
- Our Grant Compliance & Reporting Requirements Explainer that outlines the key legislative acts, regulations, and funding changes redefining grant management. We also provide practical steps to help you navigate the increased demands for transparency, accountability, and efficiency in this new environment.
