10 Steps to 
Getting That Grant

Step 4: Choose and use a comprehensive system for managing budgets and finances.

Your organization must be able to demonstrate sound financial practices. Accounting systems must meet generally accepted accounting principles requirements if you accept grant awards from any government agency. It's critical that your organization has a software system in place that tracks, manages and documents expenses throughout the life of the grant award. Of course, you want a system that sends calendar or e-mail alerts when reports are due and reminds everyone involved in the grants-management process.