Managing grants just got a whole lot easier. We’ve added a Grants Management module that lets you organize every step of the grant lifecycle; identifying granting bodies and tracking contacts, to submitting applications and managing awarded funds.
Start by setting up your granting bodies with their contact information and supporting documents. From there, create grant applications and track key details like criteria, deadlines, application status, and important dates. When an application is approved, you can record the award details including the amount awarded, any matching funds required, and an optional bank account designation.
The module also connects directly to your financial workflows. When working with transactions, bank reconciliations, or invoices, you can tag revenue and expense items to a specific grant. For grants with a match requirement, revenue items can be designated as either award funds or matching funds, giving you clear visibility into both funding sources. On the grant award page, you’ll find a summary of all tagged expenses and revenues along with a printable budget analysis report that compares actual amounts against the awarded and match-required totals.
