Comprehensive Guide to Grants Accounting

Description

Comprehensive Guide to Grants Accounting: Mastering the Financial Side of Grants is Book Three in The Grant Guide Series.

Sound grant accounting connects every financial decision to the purpose and requirements of the award. Accurate records, strong internal controls, and consistent financial oversight help organizations account for grant funds and demonstrate responsible stewardship.

Comprehensive Guide to Grants Accounting explores the financial responsibilities that accompany grant funding, from initial planning through project completion. Written for grant accountants, finance professionals, grant managers, and program staff, this guide connects everyday accounting practices with compliance, reporting, and audit preparedness.

What’s Inside:

Financial Foundations: Internal controls, conduct standards, risk management, and financial planning.

Grant Costs and Funding: Direct and indirect costs, program income, cost sharing, and supplementing versus supplanting.

Purchasing and Personnel Costs: Procurement, contracted services, subrecipient monitoring, payroll, and time and effort reporting.

Accurate Accounts and Reports: Cost transfers, account reconciliation, financial reporting, equipment accountability, and budget modifications.

Audit Readiness and Project Completion: Supporting documentation, audit findings, corrective actions, closing reports, and sustainability planning.

Whether you’re establishing grant accounting procedures or improving existing practices, this third volume provides a practical foundation for tracking expenditures, documenting financial decisions, and meeting award requirements. It also helps readers recognize common mistakes and strengthen accountability throughout the grant lifecycle.

Part of the DECODED® collection of practical compliance resources.