Elevate efficiency and visibility into the grant lifecycle. Track terms and conditions, automate time and expense tracking, track many projects to many grants and manage expenses across multiple years.

Automated Grant Life Cycle

NetSuite’s grant accounting elevates efficiency and visibility into the grant lifecycle with the ability to track terms and conditions, track many projects to many grants, automate time and expense management for billable and nonbillable transactions, and manage expenses across multiple years. Grants in NetSuite maintain all relevant milestones so that vital information is in a single unified system.

• Use just one system to track receivables and revenue transactions, making Accounts Receivable aging, financial reporting, metrics, and reconciliation simple and accurate.

• Manage finance and accounting with comprehensive features, including GL, AR, AP, cash management, statistical accounting, allocation schedules, and real-time financial reporting. Consolidate all processes within one system.
• Automate financial processes and improve productivity with approval routing workflows for Journal Entries, Purchase Orders and Vendor Bills.
• Built-in period close checklist to streamline period end closing processes and to support multiple Net Asset accounts.
• Close with confidence with automation for expense amortizations; and dynamic allocations for direct and indirect costs.
• Ensure proper security, support compliance, and audit trail visibility.

NetSuite delivers an auditable and comprehensive fund accounting framework that allows your nonprofit to manage diverse revenue streams, correlate fund sources to associated expense transactions, and efficiently manage fund restrictions and grant requirements. NetSuite’s out-of-the-box solution automates FASB compliance with a streamlined Chart of Accounts using predefined GL custom segments to create unparalleled visibility into cash flow, fund balances, restricted revenue, functional expenses, grant activity and performance metrics.