Grant accounting involves specialized financial management for funds received through grants. It requires strict adherence to compliance standards, detailed tracking, and accurate reporting to ensure funds are used according to the grantor’s requirements. This includes budgeting, revenue recognition, and preparation for audits. Services cover both government and non-profit grants, focusing on transparency, accountability, and maximizing the benefits of grant funding while mitigating compliance risks. Expert guidance is essential to navigate complex allocations, manage budgets effectively, and maintain organized documentation for audits.
What Is Grant Accounting?
