The multi-year grant close-out scenario
Setting: the accounting office. Characters: Controller, Payroll Clerk, Program Manager.
Situation: Grant close-out report is due today for a 5-year grant. The general ledger doesn’t match payroll allocations in the grant budget, and the entire accounting staff experienced turnover 2 years ago.
This experience is more common than organizations realize…
No, we do not have a time machine. HOWEVER:
- Our system ensures that program and finance teams are working with matching data
- Critical operational knowledge NOT dependent on individuals
- Transparency and full visibility into grant budgets, financials, programmatic activities
Final thoughts
If this grant close-out situation sounded familiar to you, don’t worry, you are not alone. With ever increasing compliance demands and with ever decreasing admin resources, good technology can alleviate a lot of discomfort. Technology that is specifically developed for nonprofits, technology that connects admin and programs. We can help!
