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Nonprofits Benefit from Effective Grant Management and Proper Accounting Procedures

Nonprofits Benefit from Effective Grant Management and Proper Accounting Procedures

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July 2021

Grants are an important part of nearly every nonprofit organization’s funding structure and budget. Whether the nonprofit is new and receiving its first grants for start-up activities, or large and well-established with hundreds of multiyear grants from federal programs and private donors, grants play a critical role in the viability of each organization.

Effective grant management is a priority for nonprofits that often manage multiple grants from several sources and varying reporting requirements. The grant management process must be handled efficiently to achieve the best results.

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