Grant Management

When awarded a grant, celebrate briefly, then review documents and assign responsibilities. Update policies on managing funds, create employee timesheets, and a calendar for crucial dates. Track finances accurately, understand grant type, comply with reporting, and regularly reconcile transactions. A grant reconciliation tracks expenses, ensuring they meet the criteria of allowable, allocable, and reasonable. Use external documents like a sheet for monthly expense tracking and verification. If assistance is needed, bookkeeping services like Grade Bookkeeping are available.