Nonprofit & Grant Accounting
Fund and grant tracking, grant-wise reports and donor reporting support for nonprofits and their accountants.
Overview
Nonprofits have to show not only what was spent but which grant it was spent against. That means tracking restricted and unrestricted funds, allocating shared costs and producing reports in the format each funder asks for. CA Alok Kumar Acharya previously worked in grant compliance at the William J. Clinton Foundation (India), the Indian affiliate of the Clinton Health Access Initiative (CHAI).
Who this is for
Nonprofits with several grants
Organisations that need spending tracked separately against each funder.
Accounting firms with nonprofit clients
Firms that need support with fund tracking and grant reporting for those clients.
How It Works
Review of grants and reporting needs
We review the grant agreements' reporting requirements and the current QuickBooks Online setup.
Access and setup
We sign an NDA first if you want one. Classes or tracking categories are configured for grants and funds.
Ongoing tracking
Transactions are coded to grants and funds, with shared costs allocated on an agreed basis.
Reporting
Grant-wise reports are prepared on the agreed schedule and reviewed by a Chartered Accountant.
Scope of Work
- Grant and fund tracking in QuickBooks Online
- Restricted and unrestricted fund reporting
- Allocation of shared costs across grants
- Grant-wise budget-versus-actual reports
- Preparation of financial data for donor and grant reports
What You Get (Deliverables)
Key Benefits / Why Choose Us
Grant compliance background
Prior experience in grant compliance at the William J. Clinton Foundation (India), the Indian affiliate of the Clinton Health Access Initiative (CHAI).
Built in the existing file
Tracking is configured in the QuickBooks Online file you already use.
Frequently Asked Questions
Q.Do you prepare Form 990 or other tax filings?
A. No. Tax return preparation and filing are not offered. This service covers bookkeeping, fund tracking and report preparation.
Q.Do you submit reports to funders?
A. No. Financial data and supporting schedules are prepared for your organisation or accountant to review and submit.
Q.Which software do you work in?
A. QuickBooks Online.
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Contact the Firm
Enquire about Nonprofit & Grant Accounting.
Prefer email?
alok@akacharya.comAlok K Acharya & Associates, Chartered Accountants
US, UK and Australia