Grant Reporting
Grant reporting is a way that funders determine how grant funds were used throughout the year. Although grant reporting varies by funder, there are some simple ways to stay on top of the financial reporting process.
- Read and understand what you will need to provide and the level of detail you’ll need to include before your reach the reporting period.
- Save your receipts! Whether you store them in a shoe box or in a file folder, it’s best to hold onto any and all receipts that you have from purchases that you’ve made with grant money, particularly if you get audited.
- Organize your receipts by date. This makes hunting down a specific receipt a lot easier.
- Create an excel spreadsheet to keep track of your purchases. If the grant maker has a different method for tracking expenses, its best to stick with their method.