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Grant Accounting

Demonstrate stewardship with purpose-built, post-award grant accounting and reporting.

Manage more grants and restricted funds with less effort.

Blackbaud Financial Edge NXT™ helps to radically reduce the amount of time it takes to manage complex grant requirements, so you can administer more grants with your existing staff. Easily track reimbursements, capture and require custom information, manage unique reporting requirements, and more. Extra levels of tracking make it simple to separate and report on activity for all your grants without creating a complex account structure.

  • Ensure that funds are used only on approved expenditures by leveraging a strong internal control structure
  • Demonstrate accountability to funders to increase grant renewals and develop a reputation as a fiscally responsible organization
  • Complete post-award grant administrative tasks within one system, limiting spreadsheets and possibility of errors

Capture detailed grant information with dedicated records.

Unlike most commercial systems, which merely provide reporting tags for grants and projects, Blackbaud Financial Edge NXT includes detailed records, designed as unique objects with robust functionality within each record type. Project and grant records not only allow for more versatile tracking and reporting, but also provide the ability to manage security options, budgeting, allocations, and the grant reimbursement process.

  • Capture important information, such as history, notes, defaults, and associated projects
  • Simplify the auditing and reconciliation process with the ability to drill-down into transaction detail from the activity tab on each record

Budget and report on grant activity.

With Blackbaud Financial Edge NXT, you can create detailed budgets and reports at the grant level, alleviating the need for burdensome and error-prone spreadsheet processes. Create and compare unlimited grant-level budget scenarios across user-defined timelines. You can even budget across multiple scenarios to better prioritize expenditures and assess funding needs. Customizable views allow you to quickly explore and analyze potential outcomes across an unlimited number of scenarios.

  • Easily budget and report across multiple grant periods, regardless of your fiscal calendar
  • Report on grant-specific fiscal periods, status, and reimbursement, and view budget vs. actual performance

Manage complex grant reimbursements.

Blackbaud Financial Edge NXT calculates your grant reimbursement requests based on grantor stipulations directly in the system, so you don’t have to rely on spreadsheets. As you incur reimbursable expenses, they are booked against the grant by type. Built-in grant spending rules automatically calculate reimbursements, so all you need to do is identify the accounts receivable records to bill against for the services. The process is accurate, secure, and easy to audit.

  • Track reimbursable, indirect costs directly in the grant record based on allowable rates
  • Easily allocate direct and indirect costs based on grantor stipulations
 
 

Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, healthcare institutions and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada and the United Kingdom. For more information, visit www.blackbaud.com.

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