Simplify Grant Accounting with Intacct for Nonprofits

Managing grants is a core function for many nonprofits, but it often comes with complex accounting challenges. Juggling multiple funding sources, tracking restricted funds, and meeting stringent reporting requirements can divert valuable time and resources away from your mission. Sage Intacct offers a powerful solution designed to streamline grant accounting and empower your organization.

By automating key processes and providing deep financial visibility, Intacct helps you navigate the complexities of grant management with confidence. This allows your team to focus less on manual data entry and more on driving impact.

Real-Time Reporting for Total Transparency

One of the biggest hurdles in grant management is generating timely and accurate reports for stakeholders, boards, and grantors. Intacct replaces cumbersome spreadsheets with dynamic, real-time dashboards and reporting tools.

With just a few clicks, you can:

• Track grant budgets versus actual expenses instantly.
• Generate comprehensive financial statements for specific grants or projects.
• Create custom dashboards that display key performance indicators (KPIs) relevant to each funding source.

This immediate access to data ensures you always have a clear picture of your financial position, enabling proactive decision-making and fostering trust with your funders through complete transparency.

Effortless Compliance and Expense Tracking

Nonprofits must prove that funds are used according to each grantor's specific requirements. Failure to maintain compliance can put future funding at risk. Intacct simplifies this by automating expense allocation and compliance tracking.

Key features that help you stay compliant include:

• Automated Allocations: Intacct can automatically allocate direct and indirect costs across multiple grants, ensuring accuracy and saving hours of manual work.
• Dimension-Based Tracking: Tag every transaction with relevant dimensions like grant, project, and location. This makes it easy to isolate and report on activity related to a specific fund.
• Audit Trail: A detailed audit trail captures every transaction and change, providing a clear, traceable record for auditors.

These features give you the confidence that your financial data is accurate, defensible, and always ready for an audit.

Boost Efficiency with Automated Workflows

Manual processes are not only time-consuming but also prone to error. Intacct automates repetitive accounting tasks, from grant billing to revenue recognition, freeing up your finance team for more strategic work.

By automating workflows, you can improve efficiency in several ways:

• Streamline the invoicing process for reimbursable grants.
• Automate the recognition of revenue as restrictions are met.
• Set up approval workflows to ensure proper oversight of grant-related expenses.

This automation reduces the administrative burden on your staff, minimizes the risk of human error, and accelerates your financial close process.

Focus on What Matters Most: Your Mission

Ultimately, the greatest benefit of using Intacct for grant accounting is the ability to redirect your focus back to your organization's mission. By simplifying financial management, reducing administrative overhead, and providing clear insights, Intacct empowers you to operate more effectively.

When your finance team is empowered with a system that handles the complexities of grant accounting, they can provide the strategic guidance needed to maximize your impact. You can spend less time reconciling spreadsheets and more time delivering programs that change lives.